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PolicyMe life insurance

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Use this innovative online platform to compare life insurance quotes and find the right coverage for you.

  • Compare instantly…
    Compare quotes for term life insurance online with some of the top providers in Canada including Canada Life, Manulife, RBC Insurance, BMO Insurance and Canada Protection Plan.
  • Automated advice…
    By answering a few questions online about your needs, PolicyMe can give you objective, unbiased advice on how much coverage you might need.


Insurance ProductsLife Insurance
Medical Exam RequiredNo
Ways To File A ClaimOnline
Province AvailabilityOntario, Alberta, Manitoba, New Brunswick, British Columbia

Whether you’re taking out your first life insurance policy or you want to renew your coverage, PolicyMe is a good place to start. This online comparison platform lets you compare multiple providers at one time. It uses a sophisticated algorithm based on actuarial models that gives you honest and unbiased advice about what coverage could be the best fit for you.

What can life insurance cover?

Life insurance is a way of making sure that your family can cope financially if you die. It’s designed to pay out a large premium to your loved ones in the event of your death. This payout can be used to clear away your debts, pay off your mortgage or cover everyday expenses. It can also help to pay for your funeral if you haven’t set anything aside for that.

How does PolicyMe work?

PolicyMe operates an online platform designed to give you hassle-free access to multiple life insurance quotes. You’ll be able to use this platform to compare some of the top life insurers in Canada, which could help you save hundreds of dollars per year.

By answering a few questions, PolicyMe can give you objective advice on how much coverage and term you might need—or if you need life insurance at all. In fact, based on their current financial situation, PolicyMe tells 30% of its users that they don’t actually need life insurance. But for those who do, the PolicyMe website, which is integrated with various providers, can provide instant quotes through its platform. After you apply for insurance through your desired provider, they’ll support you the rest of the way.

Who does PolicyMe work with?

PolicyMe isn’t affiliated with any insurance providers, which means it can provide unbiased advice about which product you should choose. That said, it compares quotes from some of Canada’s leading insurance companies, including Canada Life, Manulife, RBC Insurance, BMO Insurance and Canada Protection Plan.

What types of life insurance does PolicyMe offer?

PolicyMe doesn’t actually provide life insurance but acts as a bridge between you and the best provider for your unique set of needs. It compares term insurance policies (between 10 and 20 years) along with policies that are effective up until you turn 65 years of age. These policies pay out only if you die during the term of your policy.

With PolicyMe‘s life insurance, most causes of death are covered. That said, most insurers will not pay out if you die as a result of alcohol abuse, drug overdose or suicide. You may also have difficulty getting covered for a pre-existing medical condition.

Benefits and drawbacks of PolicyMe insurance

How to apply for life insurance quotes with PolicyMe

If you’re interested in comparing PolicyMe life insurance quotes, you’ll need to follow a couple of simple steps to apply.

  1. Select your desired coverage and term, or use the advice tool to help you choose.
  2. Select an insurance carrier from some of Canada’s top providers.
  3. Apply in about 4 minutes directly through the PolicyMe website.

Bottom line

PolicyMe provides a simple and transparent platform to help you get the best deal on your life insurance. Find out how you can sign up and start your application today to begin comparing insurance companies.

Frequently asked questions

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