Last Updated on June 25, 2025 by Yetty Akindele
When it comes to choosing life insurance in Canada, the options can feel overwhelming. Traditional insurance providers come with complex policies, slow application processes, and higher premiums. But in 2025, PolicyMe is standing out as a simple, affordable, and fast alternative. With a growing lineup of products including term life insurance, critical illness insurance, and health and dental insurance, PolicyMe is quickly becoming one of the best insurance choices for Canadians.
In this article, we’ll explore why PolicyMe might be the best fit for your life insurance and health protection needs in 2025, breaking down its products, features, pricing, and how it compares to traditional options.
Table of Contents
What Is PolicyMe?
PolicyMe is a digital-first Canadian insurance provider founded in 2018. Built on the promise of transparency, speed, and affordability, PolicyMe simplifies the process of buying insurance by eliminating paperwork, long wait times, and high broker commissions.
Unlike traditional providers, everything at PolicyMe happens online. You can get a quote, apply, and even be approved within minutes. All life insurance policies are underwritten by Canadian Premier Life Insurance Company (Securian Canada), a federally regulated and reputable insurer. Health and dental coverage is offered in partnership with GreenShield, one of Canada’s leading non-profit health insurers.
PolicyMe Products Overview (2025)
PolicyMe now offers three core insurance products to Canadians:
1. Term Life Insurance
Straightforward, affordable protection to support your family in case of unexpected death.
2. Critical Illness Insurance
Provides a lump-sum payment if you’re diagnosed with one of 44 serious medical conditions like cancer, heart attack, or stroke.
3. Health and Dental Insurance
Coverage for prescriptions, dental care, vision, mental health, and more—ideal for Canadians without workplace benefits.
1. Term Life Insurance: Affordable, Fast, and Simple
Term life insurance is the foundation of PolicyMe’s success. It’s designed to provide financial security for your loved ones in the event of your death during a specific term—10, 15, 20, 25, or 30 years.
Key Features
- Coverage from $100,000 to $5 million
- Available for Canadians aged 18–75
- No medical exam for most healthy applicants
- Application takes about 15 minutes online
- Option for joint coverage for couples
Why It’s Better
- Cheaper than traditional insurers thanks to no broker fees
- Fast, hassle-free approvals
- Transparent pricing—what you see is what you pay
- 30-day money-back guarantee
Whether you’re starting a family, buying a home, or just want peace of mind, PolicyMe’s term life insurance is among the best values in Canada in 2025.
2. Critical Illness Insurance: Protection When You Need It Most
Medical emergencies like cancer, stroke, or heart attack don’t just affect your health—they impact your finances. PolicyMe’s critical illness insurance offers a safety net that provides a tax-free lump sum payment to help cover living expenses, treatments, or time off work if you’re diagnosed with a serious illness.
What It Covers
- 44 major illnesses, including cancer, heart attack, MS, ALS, kidney failure, and more
- Coverage available from $10,000 to $1 million
- Quick online application
- No medical exam required in many cases
Who It’s For
- People who don’t have workplace coverage
- Self-employed Canadians or gig workers
- Families who want extra peace of mind
Why It’s Better
- More affordable than traditional CI policies
- Buy as a standalone or bundle with life insurance
- Simple, fast, and flexible
If you want to protect your finances from unexpected health events, PolicyMe’s critical illness insurance is a powerful option in 2025.
3. Health and Dental Insurance
Recognizing the growing number of Canadians without employer health benefits, PolicyMe has partnered with GreenShield to launch health and dental plans that are flexible and affordable.
What’s Included
- Prescription drug coverage
- Dental care: cleanings, fillings, major services
- Vision care: eye exams, glasses, contact lenses
- Paramedical services: physiotherapy, chiropractic, massage
- Mental health services
- Virtual care and digital claims management
Plan Types
- Basic: Essential drug and dental coverage
- Comprehensive: Enhanced services, including mental health and vision
- Family options: Add a partner or dependents with ease
Why It’s Better
- Tailored for self-employed and freelance workers
- Lower costs than most private plans
- Easy to manage online
- Backed by GreenShield, one of Canada’s most trusted health insurance providers
Whether you’re between jobs, self-employed, or simply not covered at work, PolicyMe’s health and dental plans offer vital protection—with digital convenience.
Why Canadians Are Choosing PolicyMe in 2025
Transparent and Fixed Pricing
No hidden fees, confusing upsells, or commission-driven advice. What you see is what you get.
Quick, Online Application
No phone calls, no paperwork, no waiting weeks for approval. Get insured from the comfort of your home.
Low Premiums
PolicyMe eliminates the middleman, allowing it to offer some of the lowest insurance premiums in Canada.
Trusted and Regulated
Backed by Canadian Premier Life Insurance Company and GreenShield, both federally regulated and established institutions.
Bundle and Save
PolicyMe allows users to combine term life and critical illness coverage with one streamlined application—making comprehensive protection easier than ever.
PolicyMe vs Traditional Life Insurance Providers
| Feature | PolicyMe | Traditional Providers |
|---|---|---|
| Application | 100% online | In-person or via broker |
| Approval Time | Instant to a few days | Weeks |
| Medical Exam | Rarely required | Common |
| Pricing | Lower | Higher (includes advisor fees) |
| Policy Types | Term life, CI, health/dental | Full suite including whole life |
| Transparency | High | Varies by provider |
Verdict: If you want straightforward, affordable coverage and a fast online experience, PolicyMe outperforms most traditional insurers for term life and critical illness in 2025.
Who Should Consider PolicyMe?
- Young families seeking life coverage on a budget
- Millennials and Gen Z who prefer online experiences
- Self-employed Canadians without employer benefits
- Couples looking for joint life insurance
- Anyone tired of paperwork and high broker fees
Final Thoughts: Is PolicyMe the Best Life Insurance Choice in Canada?
In 2025, PolicyMe checks all the boxes- affordability, simplicity, fast approvals, and growing product coverage. While it may not offer whole life or investment-linked insurance, it delivers exceptional value for Canadians who need term life insurance, critical illness protection, and health & dental coverage.
By making insurance accessible, honest, and digitally driven, PolicyMe might just be one of the best life insurance choices in Canada for modern families, freelancers, and anyone who wants to be protected—without the traditional insurance hassle.
Frequently Asked Questions
Q: Is PolicyMe a legit insurance provider?
Yes. PolicyMe is a licensed Canadian insurance agency. All life policies are underwritten by Canadian Premier Life Insurance Company.
Q: Can I apply for more than one type of insurance?
Absolutely. You can apply for term life and critical illness at the same time. Health and dental can be added separately.
Q: Is PolicyMe available in all provinces?
PolicyMe is available across most of Canada- Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Saskatchewan, and Quebec.