December 4, 2024/
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Introduction: Step 1: Assess Your Financial Situation: Step 2: Understand Your Family’s Needs: Step 3: Set Your Coverage Amount: Step 4: Decide on the Type...
10% off for couples in the first year
$10,000 in free Child Coverage
The average life insurance coverage amount per household is $458,000 in Canada. Most PolicyMe customers aged 30-45 choose around $500,000 in coverage over a 20-year term.
We highly recommend using our life insurance calculator to better understand how much coverage your family needs.
PolicyMe allows you to get a life insurance quote online in just 20 minutes. The application is simple and can lead to instant approval for eligible applicants, making it a great option for those who prefer a hassle-free experience.
PolicyMe offers affordable premiums, often lower than traditional insurers. For example, customers can save by getting a joint policy, which comes with a 10% discount in the first year. Over the life of a policy, these savings can add up significantly
PolicyMe provides $10,000 in free coverage for children aged 6 months to 18 years, a first in Canada. This feature makes it an appealing option for families looking for comprehensive coverage without additional costs.
Term life insurance 2.0: affordable, straightforward, reliable. Built with you in mind.
Get a life insurance quote online in just a few clicks. There is no obligation to buy when you get a quote.
Smile Brighter with Dental Benefits, Support for Your Mental Wellness, Prescription Savings Made Easy
At PolicyMe, your job can significantly impact the cost of your life insurance. Occupations considered higher risk, such as those in construction, mining, or law enforcement, may lead to higher premiums due to the increased likelihood of accidents. Conversely, lower-risk jobs, like office work, typically result in lower premiums.
In addition to your job, factors like your age, health, lifestyle, and the type of policy you choose also influence your life insurance rates. For example, risky hobbies, smoking, or pre-existing health conditions can raise premiums, while healthier lifestyles can reduce them. When applying for a quote, PolicyMe evaluates these factors to offer a personalized and accurate premium rate.
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Read the effective news and blog about life insurance.
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PolicyMe is powered by a passionate team dedicated to transforming the life insurance experience for Canadians. The company was co-founded by Laura McKay, who serves as COO, and has a strong actuarial background with experience at major firms like Manulife, Munich Re, and Oliver Wyman. Under her leadership, PolicyMe has become one of Canada’s fastest-growing digital life insurance providers, offering streamlined, affordable coverage solutions.
The team is built around a customer-first ethos, blending expert financial knowledge with user-centric technology. Their mission is to simplify the life insurance process, making it accessible and transparent for families across Canada.
"No hour-long phone call with an agent. PolicyMe made buying life insurance a breeze. The interface is beautiful and makes it easy to apply. PolicyMe is for the modern era."
"I had such a wonderful experience with PolicyMe. The online application process was smooth and when I needed to reach out to their support team, they were very prompt and friendly."
You absolutely can buy life insurance online in Canada. And it is indeed safe to do so, as long as you do your research. For example, PolicyMe is one of Canada’s leading online life insurance solutions. Our policies are backed by Securian Canada and are federally regulated. PolicyMe can also approve Canadian citizens and residents, and those with work permits or student visas, so more people can take advantage of the convenience of buying life insurance online.
Taking the process online also makes premiums more affordable by cutting out unnecessary steps and administrative costs.
PolicyMe has some of the best term life insurance rates in Canada in comparison to other traditional term life insurance providers.
How is PolicyMe able to provide some of the most affordable premiums in the country?
Our term life insurance policies are fully underwritten with the same quality protection that your family deserves, but at a lower monthly premium. Using technology for good, we’ve cut out unnecessary costs in the process of getting coverage and pass those savings back to our customers.
Securian Canada is PolicyMe's trusted partner, and the insurer of your policy. PolicyMe is the administrator and your main point of contact that will manage all aspects of your policy going forward. Upon the instance of a claim, PolicyMe will directly work with Securian Canada – from making the insurance claim to getting the payout.
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Canadian Premier Life Insurance Company has a Financial Strength rating of A (Excellent) from A.M. Best. Securian Canada is the brand name used by Canadian Premier Life Insurance Company to do business in Canada. Policies are underwritten by
Canadian Premier Life Insurance Company. Canadian Premier Life Insurance Company is federally regulated, and they are the
ones who pay out the claim.
PolicyMe only sells our own term life insurance (and critical illness) products. We’re not a broker, meaning we don’t give quotes for or sell other companies’ life insurance. We’ve used our proprietary technology to deliver a straightforward quotes and application process and prices that are 5-10% cheaper than comparable policies.
