Cash Benefit

Cash benefit is a fixed amount of cash you receive when a specified event/situation happens. 

A cash benefit is usually given to you as a fixed lump sum amount and you are free to spend that cash however you like. For health insurance, common cash benefits include hospital cash benefit, cancer cash benefit, and maternity cash benefit.

OneDegree Pet Insurance - Pawfect Care offers a cancer cash benefit (for Essential and Plus Plans) when your pet unfortunately gets cancer. This lump sum can be spent on non-medical expenses or alternative therapies that normally aren't covered by insurers.