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.
It's called cash value, and it's a feature that's specific to permanent life insurance, one of the two major categories of life insurance policies. A portion of each payment you make to a permanent life policy goes toward insuring your life (the face value), while the other portion goes to building up a cash value.