Terms with Tag Insurance

  • Contributory Negligence Definition,
    • A legal defence that can be applied if the plaintiff is at least partially responsible for a harm, and if they are found partially liable, they can be denied any compensation.
  • Conversion Privilege Definition,
    • An option where an insurance company is required to update, renew or convert an insurance policy with level premiums at the end of the policy's term without a medical exam.
  • Convertible Life Insurance Definition,
    • A type of term life insurance policy that has the option to be converted into a permanent life insurance policy such as whole or universal life insurance.
  • Cost Basis Definition,
    • The original price paid for an investment which is also known as the basis or tax basis. The cost basis includes any commissions or fees paid when the investment was purchased.
  • Cost of Insurance (COI)Acronym, Important,
    • Coverage Definition,
      • The type or amount of protection afforded by an insurance policy.
    • Coverage Area Definition,
      • A geographical area where travel insurance coverage applies.
    • Creative Planning Financial Group (CPFG) Company Est. 1971, Toronto, Ontario, Canada,
      • Credit Based Insurance Scores (CBIS)Acronym,
        • Credit Disability Insurance (CDI)Acronym,
          • Credit Insurance Definition,
            • Insurance that covers borrowers and/or lenders if one is unable to repay debts.
            • A policy that pays off the card debt should the borrower lose his job, die or become disabled. The structure of protection for a revolving credit card debt is calculated each month to cover only the debt that existed at the last billing cycle.
          • Credit Life Insurance Definition,
            • Life insurance that repays the insured's debts upon their death. The death benefit decreases as the debt is paid off.
          • Credit Union Deposit Guarantee Corporation (CUDGC)Company, Alberta, Canada,
              Monitors and regulates the performance of credit unions in Alberta.
            • Credit Union Deposit Insurance Corporation (CUDIC)Company, British Columbia, Canada,
                Guarantees all deposits and non-equity shares of British Columbia credit unions.
              • Credit Union Insurance Services Association (CUISA) Company Est. 1984, Vancouver, British Columbia, Canada,
                • Credit Union Member Insurance Society (CUMIS) Company, Ontario, Canada,
                  • Jointly owned by Co-operators Life Insurance Company and Central 1 Credit Union, CUMIS partners with credit unions in Canada to offer insurance, group retirement plans and other financial products.
                  Provider of insurance-related products and services to the Canadian credit union system.
                • Credit Union Property and Casualty (CUPAC)Acronym, Canada,
                  • Creditor Insurance Definition,
                    • Insurance that repays debt if the borrower cannot.
                  • Critical Illness (CI) Acronym,
                    • Insurance that covers individuals in the event of a critical or catastrophic illness.
                    A health insurance policy rider.
                  • Critical Illness Coverage (CIC)Acronym,
                    • Critical Illness Insurance (CII) Acronym, Very Important,
                      • Insurance that covers individuals in the event of a critical or catastrophic illness.
                      A health insurance policy rider.
                    • Custodial Care Definition,
                      • Care for individuals who find themselves unable to perform the activities of daily living but at the same time are not in need of constant medical care.
                    • Custodial Parent (CP)Acronym,
                      • Parent or guardian having legal custody of a minor child.
                    • Damage Liability Waiver (DLW)Acronym,
                      • Death & Disability (D&D)Acronym, Important,
                          A life insurance policy rider.
                        • Death Benefit (DB) Acronym, Very Important,
                          • A payment or series of payments made to the beneficiaries of a life insurance policy.
                          An amount paid to a beneficiary in a life linsurance policy.
                        • Debris Removal Provision Definition,
                          • A property insurance policy provision that can pay for the costs of cleaning up debris resulting from insured damages.
                        • Declining Life Insurance Definition,
                          • Life insurance with a decreasing death benefit, often used to insure mortgage debt.
                        • Decreasing Term Life Insurance Definition,
                          • A Term life insurance policy with benefits that decrease each year as the policyholder ages.
                        • Deductible Definition,
                          • A payment that a policyholder must make before an insurer is required to provide benefits.
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