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.
The other part adds to the cash value. If you buy a permanent life insurance policy when you're still young, the majority of your premium payment will go toward the cash value. As you get older, more and more of your premium will start going toward the benefit value. In a whole life policy â a kind of permanent life insurance â your premiums don't increase. This means that the cash value grows more slowly as you get older. As your cash value builds, you can draw money from it. This is usually done in the form of a loan against the policy's cash value. You can also withdraw money under some circumstances â but this may reduce the benefit value of the policy. The cash value in your policy draws interest â usually about 6% a year.