Canada, Online, Ontario, Toronto
PolicyMe is a technology-based term life insurance company that operates entirely online. Its services are available for most Canadians except for residents of Quebec, Saskatchewan, New Brunswick, and Newfoundland.
The company creates customized insurance policies for its customers. Through PolicyMe life term insurance coverage, you can ensure that your family’s future is secure if you pass away.
With coverage ranging from $100,000 to $5,000,000, PolicyMe has a range of options. And you can choose between 10, 15, 20, 25 or 30–year length terms. With these extended terms and comprehensive coverage PolicyMe remains highly competitive in the insurance market.
PolicyMe also provides members with several online tools and resources. It offers a life insurance calculator to assist you in determining the type and amount of coverage you need.
All you’ll need to do is answer a few questions to establish your coverage according to your age, health, budget and more. If you’re unsure of which plan offered by PolicyMe is best suited to you, their online agents can help you decide.
The application process for insurance through PolicyMe is simple. They have an online application process that can be completed in as little as 15 minutes. Unlike most insurance companies, PolicyMe does not require medical tests as part of the application process for all applicants.
Individuals with minor health concerns will be asked to answer a few simple medical questions and review their medical and insurance histories. However, those with serious health problems may be asked to provide additional medical records or undergo a medical examination.
PolicyMe will provide you with a decision on your application almost immediately. Although, the process may take a bit more time if the application and medical history are more complex. The benefit, though, is that you’ll generally get a decision in minutes rather than days or weeks.
All that’s needed to do after is electronically sign your policy and complete a few additional settlement procedures. Your policy schedule will be sent to you via email. But once you’ve signed your policy, your family is protected financially should something happen to you.
As a policyholder, you’re entitled to a refund if the policy is terminated within 30 days of the policy’s start date. Not to mention, PolicyMe has a simple cancellation procedure with no additional fees.
However, it’s important to note that an issue of policy is not guaranteed. It is still possible to be denied a policy depending on various factors, including medical history.
Canada, Online, Ontario, Toronto
PolicyMe may consider a few additional aspects throughout the policy formulation process, such as your medical background and financial situation. As a result, there is a chance that your premium may be higher.
A healthcare practitioner will meet with you at your preferred location. They’ll take your blood pressure, urine, blood samples and measure your height and weight. And PolicyMe will cover the cost of the exam.
Yes, you can change the amount of coverage and the term length of your policy before it is active.
You will receive policy and account email updates twice a year. This email will contain critical and valuable information to assist you in managing your policy. This includes any changes you may wish to make.
After you’ve entered your payment information on the website and selected your payment frequency (monthly or annually), your payment will be processed right away.
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