Ronald has a 10-year term critical illness policy with a refund of premium (ROP) rider. His annual premium is $550. Ronald has never had a critical illness, and now qualifies for the refund of premium. Which statement properly describes the tax treatment of Ronald's premiums and ROP payment? Question 19 options: 

a) The ROP is tax-free, the $550 annual premium does not qualify for the Medical Expense Tax Credit 

b) The ROP benefit is taxable, the $550 annual premium is deductible for income tax purposes 

c) The ROP is tax-free, the $550 annual premium qualifies for the Medical Expense Tax Credit 

d) The ROP is taxable, the $550 annual premium is not deductible for income tax purposes