PolicyMe Blog

Stories about life, finances and insurance

Life Insurance | 4 minutes

More Canadians Are Considering Life Insurance Since COVID-19 Began

Nearly one quarter (24%) of Canadian adults without life insurance have either purchased — or considered purchasing — life insurance since the beginning of the COVID-19 pandemic.

Health | 9 minutes

Coronavirus and Life Insurance: What Is the Impact?

With all the recent developments in the world, here are all your questions about COVID-19 and life insurance answered.

Life Insurance | 1 minute

PolicyMe 2019 Lookback

In this post, we peel back the curtain to give you a behind-the-scenes look at our year and the customers that made it all possible.

Life Insurance | 5 minutes

Half of Canadian Policyholders Are Being Sold A Costly Life Insurance Product That Most People Don’t Need

New survey reveals that 49 per cent of Canadians have been sold expensive, complicated, and often unnecessary ’permanent’ life insurance policies – yet the vast majority only require ’term’ coverage TORONTO, October 14, 2020 – According to new survey findings from PolicyMe, an online life insurance platform and advisor, 49 per cent of Canadians that bought life
Financial Health | 6 minutes

How to Prepare Your Holiday Budget During a Pandemic

It’s no secret that the COVID-19 pandemic has been hard on Canadian wallets. But how does that impact your holiday budget?  According to Statistics Canada, the country had 1.1 million fewer paid workers in August than it did in February, before the pandemic hit. Not only that, but roughly 713,000 Canadians who still had a
Ask Us Anything | 6 minutes

All About Legacy Gifts: What Are They and How Can I Leave One?

Many of us have charities we donate to throughout our lifetime to help support causes close to our hearts. Whether it’s the gift of time and energy or a monetary donation, most Canadians are familiar with charitable giving. Yet, there is an easy way to build a lasting impact that is often forgotten – legacy
Life Insurance | 6 minutes

Insurance Terms and Related Concepts You Need to Know

Insurance can be overwhelming, but it doesn’t have to be. Everything goes much smoother when you know that all insurance terms and related concepts actually mean. Breeze through these quick definitions to know exactly what you’re getting in your insurance policies – as well as what they mean for your rates. Term vs. Permanent Life
Life Insurance | 6 minutes

The Best Life Insurance for Smokers

The idea of buying life insurance can be intimidating for anyone (except for an insurance broker, hopefully!). But this is emphasized further for people who regularly use nicotine products – since rates are higher, finding the best life insurance for smokers can be a daunting task. It’s true that being a current or recent smoker
Life Insurance | 11 minutes

What is Life Insurance? Everything You Need to Know

At its simplest form, life insurance is a security blanket for your loved ones. It is there to protect anyone who depends on you financially in the worst case scenario.

Life Insurance | 6 minutes

Best Life Insurance for Millennials in Canada

If you’re a millennial, you’re probably at the point in your life where you’re digging yourself out of student loan debt, splurging on a down payment for a home, or dropping some serious cash on gear for the baby you’re expecting. Even though your bills are piling up, it’s also the time in your life
Financial Health | 9 minutes

The Basics of Financial Responsibility

Financial responsibility has become a buzzword of sorts. It gets tossed around a lot – "you need to be more financially responsible!" – but what does it actually mean? And how do you do it? The thing about financial responsibility is that it looks different for everybody. There are a ton of factors that contribute to your
Life Insurance | 6 minutes

Best Life Insurance Through a Bank for Canadians

Thinking of buying life insurance? You’ve got options, including bank owned life insurance!  While some opt to find a policy through a dedicated insurance company, others choose to look at bank owned life insurance to partner with their current banking habits. There are a ton of options through your bank, including BMO Insurance, RBC Insurance,
Life Insurance | 7 minutes

Best Individual Life Insurance Plans for Canadians

Buying individual life insurance is a lot like any other purchase. Whether it’s an Amazon purchase or booking a flight, you’re always looking for the best bang for your buck. After all, you want the best product at the best price possible.  See the similarity? This same mentality applies when you're looking for an individual
Life Insurance | 8 minutes

The Best Life Insurance for Couples in Canada

If you’re moving in with your partner or getting married, you’ve probably had a lot on your mind recently. You could be looking for your dream home together, securing a loan for a car, or planning a wedding!  But there’s something else important that might not be on your mind: buying life insurance as a
Life Insurance | 5 minutes

The Best High Risk Life Insurance: Health Conditions

You’ve probably been hearing for years that it’s tough to get life insurance if you have a pre-existing health condition since you're considered high risk. If you have a chronic condition (e.g., cancer, diabetes, or heart disease) or a substance use problem, you might think that it isn’t even worth it to apply for coverage. 
Ask Us Anything | 5 minutes

What’s the Most Important Insurance to Have Right Now?

Insurance is a funny thing. It’s all about your financial responsibility and how much money you’d need to stay in good shape if something goes wrong. So how much insurance do you actually need? And what kind? How much is too much? That’s the million-dollar question (or two million, depending on your coverage). Life Insurance