Define sepsis. sepsis synonyms, sepsis pronunciation, sepsis translation, English dictionary definition of sepsis. n. Systemic infection by pathogenic microorganisms, especially bacteria, that have invaded the bloodstream, usually from a local source. Sepsis is...
For example, on death, if the cash value accrued within a policy is $100,000. Under the add to cash value option, the beneficiaries would receive the face value of the life insurance policy plus the $100,000 cash value. However, the increased benefit option indicates higher premiums for the policy owners.
Another common use of reduced paid up insurance is as a non-forfeiture option. With term life insurance, if you stop making premium payments the policy will quickly lapse and leave you without protection. With a permanent insurance policy, you can convert it to a reduced amount of paid up coverage.