Reviewing PolicyMe after 1 year of using it!
I’m Mark, and I nerd out on personal finances 🤓 I’m here to test our financial products to help you make better financial decisions to live happy, healthy, and wealthy lives.
This is my PolicyMe review where you’ll get the pros and cons of PolicyMe’s term life insurance. I’ve been using PolicyMe for past 12 months (since they started). Find all my Neo referral codes here.

The low-fee, no bullshit life insurance for Canadians
PolicyMe Pros
If you have not watched my full PolicyMe review on YouTube, you should! PolicyMe has quickly became my favourite term life insurance provider for Canadians. Mainly because of:
Low overhead = low fees
No commission based insurance sales people 🙏
Private online applications 😄 (instead of going through these private medical questions with some random person)
Instant approval / decisions
Friendly and HONEST customer support
Do you even need insurance? Take their quick quiz
Nothing’s perfect, so here are the downsides of PolicyMe
PolicyMe Cons
Now before I go diving into this review it’s always important to ask yourself if you need life insurance, and when you need it for.
One of the biggest mistakes I see is people buying life insurance when they don’t need it. Or buying the wrong type of life insurance. PolicyMe is a digital life insurance company and these are the cons.
Term type life insurance only – which is the type that MOST people need
Support hours are limited to weekdays only
Long application – it took me about 25-45 minutes to complete their application

PolicyMe FAQ’s
Is PolicyMe legit?
Yes, PolicyMe is a legitimate Canadian company. At it’s origin in 2018 it was a broker for other insurance companies. But in 2020 they partnered with Canadian Premier and now offers term life insurance directly to Canadians online. This is a subsidiary of Securian Financial and is federally regulated insurance provider in Canada.
Tens of thousands of Canadians have used PolicyMe to get affordable term life insurance and they have strong ratings online.
Who underwrites PolicyMe?
PolicyMe is a digital term life insurance company that is underwritten by The Canadian Premier Life Insurance Company for policy’s up to $5 Million dollars. Which is plenty for the vast majority of Canadians.
When do you NOT need life insurance?
If you have no one that depends on you… then you do not need life insurance. If you’re close to achieving FI or have enough assets to cover your debts and provide your dependents with enough to survive on. Then you also do not need life insurance.
For everyone else there is usually a case to be made to have some form of life insurance. Try the PolicyMe quiz to see if you should get life insurance or not.
How To Figure Out How Much Life Insurance You Need
#1 Use The Quiz
Which will evaluate your life insurance needs.
#2 Think About Dependents
Are you expecting? Do you already have kids? Is your partner disabled or reliant on your income?
#3 Signup For Term
Start your term life insurance with PolicyMe.
#4 Update!
Revisit your life insurance policy yearly. And update it if your situation changes.
PolicyMe Life Insurance Review
PolicyMe Life Insurance Review
Is PolicyMe right for you? This is my PolicyMe review after researching life insurance plans available for Canadians.
Overall
5
Best PolicyMe Features
They ACTUALLY Care
Before I started looking at PolicyMe – I hated any insurance company. But PolicyMe has broken the mold. They empower Canadians like you and I to make our own decisions and give us the tools needed to do so.
Do you need insurance quiz
Low fees
Add child coverage for free
Save 5% if you’re a couple!
Instant decisions and private application