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Fast digital insurance with dedicated support

Supplement your insurance from work with comprehensive coverage from PolicyMe.

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A quick and easy application you can complete while your coffee’s still hot

Everything online, with coverage and term advice tailored to your needs. Need help? Our non-commissioned advisors are available 7 days a week.

Step 1

Get an instant, no-obligation quote

Answer 4 questions, adjust your coverage amount and length (if you like), and get a quote in seconds.

Step 2

Apply online in 20 minutes and find out if you’re approved right away

Most people are approved without any medical follow-ups.

Step 3

Activate your policy when you’re ready

Your approval lasts for 90 days, so take your time! You can buy your policy whenever you’re ready.

Unsure how much life insurance you need?

Answer a few simple questions online about your financial and family situation to get a life insurance coverage recommendation in seconds!

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Here's how you're protected with the best insurance in Canada

Affordable and fully underwritten policies. Rates that never increase. An empathy-first mindset.

PolicyMe Term Life Insurance

Financial protection for your loved ones if you were to pass away

Coverage amounts ranging from $100,000 to $5M

Term lengths ranging from 10, 15, 20, 25 or 30 years

Couples Coverage: Save 10% off your rates in the first year when you apply with your partner

Child Coverage: Get $10,000 in free life insurance for each of your kids (or future ones!)

Option to renew your policy annually until you turn 85, without any additional medical testing or questions required

Rates are locked-in for the full term

Option to convert your policy to a new policy with a longer duration within the first 5 years

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PolicyMe Critical Illness Insurance

Financial protection for you in case you're diagnosed with one of the covered conditions

Coverage amounts ranging from $10,000 to $1M

Term lengths ranging from 10, 15, 20, 25 or 30 years

44 conditions covered

The most in Canada
  • 27 critical illnesses
  • 17 early-stage conditions

No waiting period for 80% of conditions

Can be used to cover any expenses and support any time off of work while you recover from the critical illness

Rates are locked-in for the full term

Option to convert your policy to a new policy with a longer duration within the first 5 years

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Cancel anytime without fees or penalties. 30-day grace period for missed payments.

Life insurance through your work may not cover all your needs

Life insurance through your work benefits is a great perk, but usually amounts to only 1-2x your income, which may leave you underprotected

1-2x your salary

Life Insurance Through Work

PolicyMe Insurance

Your employer

Coverage amount


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Coverage length

As long as you're working at the company
You'll lose any coverage you have through work if you change jobs.
Not required
Apply for between $100,000 to $5 million, personalized to your family's needs
Policies from 10-30 years, personalized to your family's needs
When you buy a policy outside of work, it will remain active if or when you change jobs.
Not required in most cases

Keep your coverage if you change jobs?

Medical Exam?

Over $5 billion in coverage sold, protecting Canadians like you

Here’s why Canadians are choosing PolicyMe for their insurance needs.

Other companies require customers meet with an advisor and complete medical telephone interviews before processing their application. On average, traditional companies issue policies in 4-6 weeks or more.
Other companies incentivize their advisors to sell more by giving them a commission on every policy sale.
Other companies offer fully-underwritten policies.
Other companies operate very inefficiently driving up the costs.
Other companies require a phone call or meeting to provide you with a quote and complete the application process.
On average, it takes other companies 4-6 weeks to give a decision on a customer's application.
Other companies require all applicants complete a medical exam, regardless of their health.
PolicyMe logo
Other Companies

Honest, uncomplicated coverage

Fast and easy application process

20 minute online application, on average
Non-commissioned advice, and only when you ask for it
A fully underwritten policy
A policy designed with your budget and family in mind
No unnecessary meetings
Instant decision
Most customers get approved without a medical
It takes PolicyMe customers 20 minutes or less to complete their online application process.
PolicyMe advisors are non-commissioned, so they have your best interests at heart.
PolicyMe's policies are all fully underwritten.
PolicyMe has streamlined the application process, eliminating unneeded costs so they can pass on the savings to you.
PolicyMe advisors are here to help you whenever you need everyday from 9AM-6PM EST. Meetings are never a requirement.
PolicyMe customers find out as soon as they submit their application whether they're approved or need to provide more info.
PolicyMe uses the information you provide in your application to underwrite your policy.
BayStreerBull named PolicyMe one of Canada's most impactful companies in 2021.

Power50: PolicyMe named one of Canada's most impactful companies in 2021

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The Financial Post's review of PolicyMe

"Best of all, you won’t need to haggle with an insurance agent or fill out mountains of paperwork.

PolicyMe will take care of your application for you, free of hassle and free of charge."

2 / 3
BayStreerBull named PolicyMe's COO and Co-founder, Laura McKay, one of their Women of the Year 2021.

Women of the Year 2021: PolicyMe Co-Founder and COO Laura McKay is putting families first by redefining the insurance industry

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Click to see more news about PolicyMe.
Click to see more news about PolicyMe.

Your big questions, boldly answered

We’re big believers in keeping things simple, so ask us anything and we’ll answer honestly and without the jargon.

Have a question we didn't answer?

Call +1 (866) 999-7457 from 9AM-5PM EST daily or email us anytime. Our Ontario-based team is happy to help!

Do I even need life insurance?

You probably need life insurance if you have people who are relying on you financially, whether that's a partner, young children, elderly parents or anyone else. You should also consider life insurance if you have large debts like a mortgage or business loan.

Is term life insurance best for me?

It depends on your financial situation, but for most Canadian families, yes. Term life insurance is for those who want financial protection for a set period of time, usually between 5-30 years while raising a family or paying off debt.

It’s a much more affordable option than whole life insurance, which can be more than 8x more expensive. And because we believe term life insurance is the better option for most Canadians, term is the only option we offer.

To read a comprehensive review of the best life insurance companies, click here.

Is my policy fully underwritten?

You bet it is. Health, occupation, and lifestyle questions are asked upfront, giving you greater certainty at claim time.

What's a death benefit?

It’s the tax-free amount that your loved ones would receive if you were to pass away.

Will my prices increase if my health declines?

Nope! During your policy term, your monthly price is locked in and will not increase.

What happens if I pass away while my policy is active?

If this happens, we’ll be here for your loved ones to help them through the claims process. We provide an experienced Claims Concierge as the single point of contact for your family – from making the insurance claim to getting the payout.

What does critical illness mean?

Critical illness means being diagnosed with a serious health condition that is often life-threatening.

Insurance companies have different definitions of what a critical illness is and what conditions qualify. Common conditions such as stroke, cancer and heart attack are usually covered in critical illness insurance policies.

What is the purpose of critical illness insurance?

The purpose of critical illness insurance is to provide financial protection to an individual in the event that they are diagnosed with a serious condition or illness. Critical illnesses can often require a lot of out-of-pocket expenses that are not covered by public healthcare or employment benefits and can often require you to take time away from work without pay.

The lump sum payment you get from critical illness insurance can help offset these expenses and provide additional financial security during this difficult time.

What illnesses are covered by critical illness insurance?

Illnesses typically covered by critical illness insurance in Canada include heart attack, cancer, paralysis, stroke, organ transplants, Alzheimer's, kidney failure and multiple sclerosis.

Canadian insurers have different definitions of what a critical illness is, but it is essentially a life-threatening illness. Some insurers will only cover serious illnesses like heart attack, while others will also cover early-stage diseases such as early-stage breast cancer.

In Canada, PolicyMe recently introduced the most complete critical illness insurance that covers 44 conditions: full coverage for 27 conditions and partial coverage for 17 conditions.

What’s the waiting period for critical illness insurance?

Some conditions specify an amount of time that has to pass after you are diagnosed before you qualify for a critical illness payout. This differs by insurance company and by the condition that is covered. Usually, cardiovascular conditions (like heart attacks) are most likely to have a waiting period. That said, most of PolicyMe's covered conditions don't have waiting periods to qualify.

How much does critical illness insurance pay out?

Critical illness insurance typically pays out between $10,000 to $1M in Canada. You choose your coverage amount when you apply for and sign your critical illness policy. If you want a higher coverage amount, your monthly premium will also be higher, though this rate is also determined by your health status, age and other factors.

How is critical illness insurance paid out?

Critical illness insurance is always paid out as a single lump-sum amount.

Can you cancel critical illness insurance?

Yes, you can always cancel your critical illness insurance with any Canadian provider.

With PolicyMe, you get a full refund on any premiums you have paid if you cancel within 30 days of the date your critical illness policy became active.

If you cancel after this 30-day period, you will only receive a pro-rated refund of any premiums you have prepaid. You won’t be charged any cancellation fees or penalties.

Can I get critical illness coverage only?

Yes, you can buy critical illness insurance by itself in Canada. At PolicyMe, you can buy critical illness coverage by itself, you can buy it with term life insurance or you can add it on to existing term life insurance coverage after the fact.

What exactly does PolicyMe do?

We protect Canadian families with insurance. We’ve used technology to streamline the insurance application process and help Canadian families get personalized advice. By doing so, we've cut out inefficiencies in the process and cut down costs. This makes our insurance policies 5-10% lower on average than the market in cost.

How do I know PolicyMe will be around in 30 years?

We've partnered with Canadian Premier, a federally-regulated and wholly-owned subsidiary of Securarian Financial - one of North America's most reputable insurance companies.

In other words: rest easy. We’ll get you covered today, then give you long-term peace of mind knowing that your life insurance claims will get paid.

Are PolicyMe advisors commissioned?

No, and we think that's a good thing! Our insurance advisors are non-commissioned, so you can rest assured that you are getting the best advice for you and your family.

How does PolicyMe make money?

For full transparency, we take a fixed percentage from each policy, just like any other insurance company. This goes towards marketing, underwriting, and administration costs, while also allowing us to make some profit.

What makes us different is we've cut down on so many inefficiencies in the process that we can still pass on lots of savings to you!

How will you handle my family's claim if I pass away or my claim if I'm diagnosed with a critical illness?

It’s our promise to you that if the worst happens, we’re here for you and your loved ones, every step of the way.

Your dedicated PolicyMe claims concierge works with you or your beneficiary to walk through the required documentation and process. This can be done by Zoom or phone.

Your claim is then submitted to our partner, Canadian Premier, who reviews the case. We provide support if any follow-ups are required.

We notify you or your beneficiaries when the claim is approved. The claim is made as a tax-free, lump-sum payment paid by e-transfer or cheque.

What if I want to cancel my policy?

We’re a no-obligation kind of company. Cancel at any time without penalty. But we hope that doesn’t happen. We’d really miss you!

Reviews matter and we've got hundreds of them

Not interested in our glowing reviews? We get that. Just click “Filter Reviews” to read the 1-and-2 star reviews that we’ve worked to make better. (See, we told you we were honest.)

Insurance that Canadians actually love

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