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GLOSSARY

 GLOSSARY TERMS by Alpha
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Calendar year experience
Cancellation; flat, pro rata, or short rate
Capacity
Captive agent
Cargo insurance
Carrier
Cash benefits
Cash surrender value
Cash surrender value
Cash value
Cash Value Life Insurance
Cash withdrawl
Cash-flow underwriting
Casualty insurance
Casualty loss
Catastrophic Coverage
Certificate of insurance
Chartered Life Underwriter
COBRA
Collision Coverage
Combination plans
Comprehensive Coverage
Comprehensive Insurance
Conditional receipt
Contestable clause
Contingent beneficiary
Convention statement
Conversion privilege
Convertible Term Insurance
Copay
Coverage
Credit Card
Credit Insurance
Credit life Insurance
Cross - Purchase Plan

Cash benefits

Money paid to the insured individual on settlement of a covered claim. Hospital Income Programs (HIPs) often include cash benefits, which are paid directly to the individual rather than the doctor or hospital directly. 

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