Term insurance ridershort-term coverage on top of base
Family / child coveragesold in units; spouse + kids
Accidental death (AD)"double indemnity" on accidents
Guaranteed insurability (GIB)right to buy more later, no medical
Supplementary benefits: before death (§5.2)
Terminal illness (TI)advance of the death benefit
Dread disease / CIlump sum on covered illness
Accidental dismembermentSchedule of loss (AD&D)
Waiver of premiumwaives premiums if totally disabled
No amount to set: it waives every premium (base + riders) after a waiting period during total disability.
What each add-on buys, and its catch
How this works. Riders and supplementary benefits are the "extras" that customize a base policy.
Riders add to the death benefit (PUA, term, family/child, accidental death, guaranteed insurability);
supplementary benefits pay out before death (terminal illness, critical illness, dismemberment, waiver of premium).
Each carries its own premium, usually cheaper bundled than as a stand-alone policy because only one policy fee is charged.
The chart shows each add-on's incremental annual cost; the list underneath pairs the coverage it buys with the main
limitation or exclusion to watch. Figures are illustrative and rise with age, smoking, and amount.
Educational illustration of standard Canadian insurance concepts. Figures are illustrative, not an insurer’s rates.
Illustration only, not a quote or advice. Figures are simplified for education and do not
reflect any specific insurer's rates. Consult a licensed advisor.