PolicyMe Blog

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 …

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 …

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 …

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 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 …

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 …

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.  …

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 …