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.
Cash Value. Several options are available for cashing out a life insurance policy. If you withdraw the cash savings you've paid in premiums you will not have to pay taxes, but if you withdraw an additional amount -- cash gains -- you will have to pay taxes based on the rate you pay on your income taxes.