Insurance · Life insurance review
PolicyMe review
The fastest way to get real term coverage — a roughly 10-minute online application with an instant decision and no exam for most applicants.
Best for: Healthy people who want straightforward term coverage done today, online.
Pros
- Apply online in ~10 minutes with a real-time decision
- No medical exam for most applicants (accelerated underwriting)
- Term from $50K to $5M, renewable to age 85
- Free $10,000 child coverage included
- Underwritten by Canadian Premier (Securian Canada), an Assuris member
Cons
- Term only — no whole/universal or permanent estate option
- Issue ages 18–75
- AM Best rating is self-reported on PolicyMe’s site (confirm at the source)
- Larger coverage amounts may still require a nurse visit
Built for speed
PolicyMe’s pitch is friction: a ~10-minute online application, instant decision for those who qualify, and no medical exam for most thanks to accelerated underwriting. Coverage runs $50K–$5M across 10–30 year terms, with a free $10,000 child rider. It’s the cleanest fully-online term experience in Canada.
What it doesn’t do
PolicyMe is term only — there’s no permanent or participating option, so it isn’t the tool for lifelong or estate-planning coverage. For most working families with a mortgage and young kids that’s fine (term is what they need); see term vs whole if you’re unsure.
Frequently asked questions
What does PolicyMe offer, and can I buy it online?
PolicyMe offers term, no-medical. How to buy: Online (instant decision) + optional advisor. Compare it against the field on our best life insurance page, and size your coverage with the life insurance needs calculator.
Does PolicyMe offer no-medical or guaranteed-issue life insurance?
Accelerated underwriting — no medical exam for most applicants; some may need a nurse visit if required
Is PolicyMe financially strong and Assuris-protected?
Financial strength: AM Best A (per PolicyMe) — see note. PolicyMe's underwriter (Canadian Premier Life Insurance Company (operating as Securian Canada)) is a member of Assuris, which protects your policy if the insurer fails — see what's covered in our life insurance guide.
The bottom line
For a healthy buyer who wants term coverage handled online today, PolicyMe is excellent. If you need permanent coverage or have complex health, look to a full-line insurer instead.
- The AM Best "A or higher" rating is sourced only to PolicyMe’s own page — confirm the letter grade and date on ambest.com for Canadian Premier Life.
- Term only; a permanent / term-to-100 option was hinted in marketing but the legal summary lists conversion privileges, not a standalone permanent product.
Compare PolicyMe against the field
See all the major providers side by side, with sources.
This review is for educational purposes only and is not insurance advice. The facts shown were taken from PolicyMe's own materials and the rating agencies and verified on June 13, 2026; they vary by product and change without notice. Our editorial rating is never paid for. Premiums are individually quoted. Read the actual policy wording and speak with a licensed advisor before buying. See our methodology.