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.
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.