Call Today: 514.461.2160 |

Home Who We Are Services FAQ Contact Us Request Free Consultation

Critical Illness Insurance - Return of Premium

Return of PremiumWith a return of premium on your critical illness insurance plan, there are 3 scenarios that will occur:

1. You will collect your tax free benefit if you get ill.

2. You will receive 100% of your premiums back if you do not get ill.

3. Your estate will recover all premiums paid up to the point of your death if a claim has not been made.

Most companies offer a return of premium structure. Here is an example of one of the insurance carriers:

Return of premium if you don’t suffer a critical illness
:

Return of Premium at Expiry Rider – a benefit equal to your eligible premium paid on the policy expiry date if the policy is maintained. Available on term to 75; term to 75 paid up at 65; and 10-year renewable term to 75, convertible to 65 plans.

Return of Premium at Withdrawal Rider – versions of this rider are available offering a variety of option dates and return of premium amounts to best suit your needs. Full and partial withdrawals are available on each of the option dates. Available on the permanent, paid-up at 100 plan and the permanent level premium paid up in 15 years plan.

Return of Premium at Withdrawal or Expiry Rider – full and partial withdrawals are available on each of the option dates and a policy expiry benefit is built-in to each of these riders. These riders are available for the term to 75 plans and the 10-year renewable term to 75, convertible to 65 plan.

Return of Premium at Death Rider – a benefit equal to your eligible premium paid if you die without making a claim.

OUR SERVICES
Life Insurance
Disability / Salary Insurance
Critical Illness Insurance
  It Could Happen to You
  Cost of Recovery /
Real Life Examples
  CI to protect your Business
  CI with your Mortgage
  Return of Premium
Group Insurance
Long Term Care Insurance
Health & Dental Insurance
Investments
Personal Financial Planning