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.
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.