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...
BREAKING DOWN 'Add To Cash Value Option'. In universal life insurance, policy owners can opt to participate in the surplus of the insurance company and receive the dividends annually. Here, they have the option to add the accumulated cash value to the face amount when the death benefit is paid.
This can be confusing to people who think that, by buying a variable life insurance policy, they will receive both the accrued cash value and the term componentâs death benefit when they die. Instead, the cash value slowly replaces the term policy until it represents the entirety of your death benefit.