In a Shared Ownership Agreement, the corporation holds, finances, and benefits from the Critical Illness (CI) coverage, while the shareholder is responsible for purchasing and paying for the Return of Premium (ROP) feature. This arrangement ensures the company is protected from financial loss in case of critical illness, while offering the shareholder a refund if no illness occurs. For instance, John took out a $500,000 CI policy with the ROP option. The total annual premium was $9,131, with the corporation contributing $7,003 and John covering $2,128. After 20 years, when John's company cancels the policy, he receives a tax-free refund of $182,620 from the ROP option. This approach offers substantial financial advantages to the shareholder while providing security for the corporation.