1-888-601-9980
23 min read
SCHEDULE A CALL
Long-term disability insurance offers you protection against loss of income should you become disabled or ill and unable to work.
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.
© PolicyAdvisor Brokerage (PAB) Inc., is an insurance brokerage licensed to sell life insurance products in Ontario, British Columbia, Alberta and Manitoba. Not available in other provinces. Policy obligations are the sole responsibility of the issuing insurance company. Issuance of coverage is subject to underwriting by the respective insurance company. Please see policy documents for full terms, conditions, and exclusions. The logos and trademarks used here are owned by the respective entities. Refer to our Privacy Policy and Terms of Service sections for additional information.
