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A return of premium (ROP) rider on critical illness insurance allows you to receive a refund of premiums if you don’t make a claim during the policy term, providing a sense of financial security. It adds flexibility to your coverage by offering refunds upon expiry, death, or cancellation. However, the added rider significantly increases the policy cost, often by 30-50%.
Many wonder if they need individual disability insurance if they have group benefits. Learn more about the differences and options.
The two types of insurance sound very similar at first. Dive into the differences and see why you might want both.
Most just choose to go with the disability plan through their work, but there may be better options. Check out our review of Canada’s best disability insurance providers.
Long-term illness and injuries are enough to deal with; learn how long-term disability insurance works before you might need it.
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