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PolicyMe review

Updated September 30, 2026 · SumCue Editorial Team · Facts checked September 30, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

PolicyMe suits households in Canada seeking life led cover with health plus home and auto options alongside, with premiums run CAD 12 keeping entry costs low. Cover runs Up to $5,000,000 for eligible ages listed as 18-75, while broker status shapes expectations around service and choice.

Key facts

Best for
Canadian households seeking monthly paid life cover with broad personal lines
Premium from
CA$12↗
Insurance types
Life, Health, Dental, Home, Auto, Critical-illness↗
Provider type
Broker↗
Monthly payments
Yes↗
Cover limit
Up to $5,000,000↗
Claims channels
Online, Phone, Email↗
Age range
18-75↗
Legal entity
PolicyMe Corp.↗
Headquarters
Canada↗
Founded
2018↗
Support channels
Email, Phone↗
Pricing model
Monthly
Official website
policyme.com

Facts checked September 30, 2026, 4 sources

Apps and profiles

Elsewhere
WikidataLinkedIninstagram.comfacebook.comreviews.io

Pros and cons

Pros

  • Premiums run CAD 12 with monthly payment available for household budgeting
  • Term life cover runs Up to $5,000,000 for ages listed as 18-75
  • Choice spans life, health, dental, home, auto and critical illness under life, health and dental
  • Broker licensing under 36783M and 3002916818 supports regulated distribution

Cons

  • Support runs on email and phone only, so contact stays within those routes
  • Provider type is listed as broker, so claims and underwriting sit with partner insurers
  • Premiums run CAD 12 yet final quotes vary by age and cover, so stated entry levels may differ

Ready to try PolicyMe?

Scored 8.8 / 10 by SumCue.

See alternatives

Who it suits

  • Canadian households seeking life cover with health, dental, home and auto options in a shared place
  • Budget planners who value monthly payment availability and low starting premiums shown as CAD 12

Who should look elsewhere

  • Travellers seeking travel cover only, consider bunq Spain which lists travel for that need
  • Borrowers seeking loan linked cover, consider Oney Préstamos which quotes €1,000 in its lending context

Regulation and registers

PolicyMe acts as a broker, so it distributes policies rather than carrying insurance risk itself. Broker licensing is shown as 36783M for FSRA activity and as 3002916818 for AMF activity. You should check those registers by licence number and confirm the authorised scope before you apply.

Cover and limits

Your choice covers life, health, dental, home, auto and critical illness under life, health and dental. Term life cover runs Up to $5,000,000, which allows substantial family protection where underwriting supports it. Eligibility for term life is listed as 18-75, so you can see at a glance if your age falls inside the stated span.

Price signals

Premiums run CAD 12, which sets a low starting point for comparison shopping. Monthly payment is available, so you can spread premiums in line with household cash flow rather than paying in a lump sum. Your final premium will reflect age, health, cover amount and term, so use a personal quote for budgeting.

Safety of your money

Your money does not sit with PolicyMe as a deposit because provider type is listed as broker. Protection comes from the insurer named on your policy, not from a savings guarantee. Licensing shown as 36783M and as 3002916818 covers distribution conduct, so read insurer wording for benefits, exclusions and claims handling.

Who runs it

The legal operator is PolicyMe Corp. listed as PolicyMe Corp.. Home market is shown as CA and founding is shown as 2018, which places it as a younger Canadian intermediary. Support is offered on email and phone, with licensing shown as 36783M and as 3002916818 for checks on standing.

How PolicyMe compares

Where PolicyMe is available

Available
Canada
Licence in Canada
FSRA (36783M), checked September 30, 2026
Licence in Canada
AMF (3002916818), checked September 30, 2026

Countries from the brand (Source, checked September 30, 2026)

Frequently asked questions

What types of insurance can you buy through PolicyMe+

PolicyMe lists options under life, health and dental. You can arrange life cover alongside health, dental, home, auto and critical illness in a shared application journey. Terms vary by product, so review eligibility and exclusions before you apply for cover.

What is the maximum term life cover available+

Term life cover runs Up to $5,000,000. That ceiling allows larger household protection where eligibility and underwriting allow. Your approved amount will reflect age, health, term length and financial needs, so personal quotes shape the final outcome.

Who can apply for term life cover by age+

Eligibility for term life is listed as 18-75. That span covers adult applicants from early adulthood through later life stages. Your age at application still affects pricing, medical questions and term options, so check your personal illustration carefully.

How much does cover cost and can you pay monthly+

Premiums run CAD 12 and monthly payment is available. That structure helps you spread costs across the year rather than paying in a lump sum. Your own rate depends on age, cover amount, term and health profile.

Is PolicyMe regulated in Canada+

PolicyMe operates as a broker licensed under 36783M and 3002916818. Those licences show registration with Canadian insurance regulators for distribution activity. Cover itself is provided by partner insurers, so policy wording governs claims and benefits.

Who runs PolicyMe and how can you get support+

PolicyMe Corp. is based in an area listed as CA and was founded in a year listed as 2018. Support is provided on email and phone. You can manage questions, applications and claims through those routes during stated service hours.

Sources

  • policyme.com checked September 30, 2026

    Backs: Headquarters, Insurance types, Legal entity, Pricing model, Monthly payments, Premium from, Support channels, Licences

    “PolicyMe headquarters are located at 199 Bay Street, Suite 4000, Toronto, ON”

  • policyme.com/about-us checked September 30, 2026

    Backs: Provider type, Founded

    “We're the broker - Home and Auto - We're a licensed brokerage”

  • policyme.com/make-a-claim checked September 30, 2026

    Backs: Claims channels

    “Call us at 1-866-999-7457 - Email us at servicing@policyme.com - Log in to your PolicyMe account”

  • policyme.com/term-life-insurance-policy-details checked September 30, 2026

    Backs: Age range, Cover limit

    “You can apply if you're between 18 and 75 years old”

Compiled from 4 source pages, checked September 30, 2026. We did not open an account.

PolicyMe

Canadian households seeking monthly paid life cover with broad personal lines

8.8/10See alternatives