PolicyMe Review

What is PolicyMe?

PolicyMe is a Canadian insurance company that provides fast and affordable life insurance coverage.

Life Insurance

PolicyMe offers term life insurance, which is a temporary coverage that lasts for a fixed period of time, usually 10 or 20 years. The policy pays out a tax-free payment to your loved ones if you die during the term of your policy. Term life insurance is the most affordable type of policy and there are no hidden fees or restrictions.

PolicyMe has a sophisticated life insurance calculator that can help you determine exactly how much coverage you need. Their product is affordable and they have cut unnecessary steps and expenses to offer the same quality of coverage. You can apply for PolicyMe’s life insurance coverage online and find out if you are approved in minutes, not weeks. Couples can save 10% off their term life insurance rates in the first year and every term life policy includes child coverage at no extra cost.


Why choose PolicyMe?

PolicyMe is a modern life insurance option for Canadians between the ages of 18 and 75. It offers some of the most affordable life insurance premiums in the country and everything is done 100% online for extra ease of access. PolicyMe provides honest and uncomplicated coverage and offers fast and easy application processes.

Parents are choosing PolicyMe for their life insurance needs because of its family-first features, such as couples coverage with 10% savings in the first year and child coverage at no extra cost for the duration of your policy. The online application process is 20 minutes or less. Additionally, PolicyMe has a coverage calculator that can help determine how much coverage you need for your specific situation. The calculator is quick and easy to use and can provide you with an accurate quote.


What makes PolicyMe different than competitors?

High-value, Low-Cost Products: Using technology, PolicyMe has been able to remove inefficiencies from the traditional insurance process and transfer those saving back to consumers in the form of high-value products at the most affordable rates. Specifically, PolicyMe is able to offer:

    • Some of the lowest rates in Canada for Term Life Insurance with rates that are roughly 10% – 20% lower than other insurers in Canada
    • The most comprehensive Critical Illness Insurance in Canada at affordable rates – more conditions covered than any other Canadian insurer, on par if not lower than market rates
    • Simple, quick application & Instant decision: Applying for life insurance and/or critical illness insurance – which traditionally took weeks and involved confusing paperwork and insurance jargon – can now be done in around 15 minutes through an easy-to-understand application. Get an instant decision instead of waiting weeks with most other companies.
    • Easy, straightforward process: Accessible, honest advice: Whether you prefer to speak to a non-commissioned advisor or self-serve via their life insurance calculator, applicants can get timely advice to find the best coverage for their needs.

Why should you get a life insurance policy?

There are several reasons why you might want to consider getting a life insurance policy in Canada. Firstly, life insurance can provide financial support for your loved ones in the event of your death. The death benefit paid from a life insurance policy is a tax-free, lump-sum amount that can be used to replace your income, provide for your children or dependants, pay for funeral expenses, or pay off your debts.

Secondly, life insurance can be used to cover operating expenses and ensure that your business continues to be profitable in the event of your death. Finally, if you have dependants, a life insurance policy can help settle debt obligations, such as your mortgage, auto loans, and credit card bills, and provide financial stability for your loved ones. It is important to note that the type and amount of life insurance coverage you need may depend on your specific circumstances. Therefore, it is recommended that you speak with a licensed insurance agent or financial advisor to determine the best life insurance policy for you.

Find out if Life Insurance is right for you


PolicyMe Reviews

PolicyMe has generally received positive reviews for its life insurance offerings.

Customers appreciate the ease of use and modern interface of the PolicyMe website. PolicyMe is a new player in the insurance industry, so there may not be as much customer feedback available compared to more established competitors.

However, the reviews that are available are overwhelmingly positive, with an average rating of 4.84 out of 5 based on 620 reviews. PolicyMe offers some of the most affordable policy rates in Canada and has a life insurance calculator that can show you exactly how much coverage you need. Overall, PolicyMe is a good choice for those looking for affordable and accessible life insurance coverage with a modern and user-friendly online platform.


PolicyMe is a good choice for anyone looking for affordable and accessible life insurance coverage.