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.
Death Benefit Just as there is Increasing and Level Cost of insurance, there is also Increasing and Level Death Benefit. With an Increasing Death Benefit, your insured amount stays fixed, while your death benefit increases with the accumlated savings. Using an example of $500,000 Insured amount, plus $100,000 in the savings component, with an Increasing Death Benefit, the total payout would be $600,000 upon death.