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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

Chartered Life Underwriter

CLU. A designation granted by the American College in Bryn Mawr, Pennsylvania to individuals who have completed training in life insurance and personal insurance planning.  To obtain the designation, individuals have to complete advanced courses and exams in several topics including insurance, investments, taxation, employee benefits, estate planning, accounting, management and economics.

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