PolicyMe
PolicyMe is a Canadian company that offers term life and critical illness insurance, featuring online tools like a life insurance calculator and instant quotes, with policies underwritten by Canadian Premier.
Services
PolicyMe offers term life insurance and critical illness insurance. They provide an online life insurance calculator to assist clients in estimating their coverage needs. The company ensures instant online quotes and policy approval for eligible applicants. Additionally, PolicyMe allows policy cancellations at any time without fees or penalties and offers a 30-day grace period for missed payments.
Special Benefits
PolicyMe offers several unique benefits, including a 10% discount on rates for couples who apply together within the first year. For families, they provide $10,000 in free child coverage. These benefits are designed to make life insurance more accessible and affordable for Canadian households.
Partnerships
PolicyMe partners with Canadian Premier, a subsidiary of Securian Financial, to underwrite their policies. This partnership ensures that PolicyMe can offer reliable and secure insurance solutions to its clients. Canadian Premier's established reputation in the financial sector adds an additional layer of trust and reliability.
Funding
As of September 2022, PolicyMe raised $18 million in Series A funding. This financial boost is aimed at expanding their services and reaching more Canadian families. The successful funding round highlights the confidence investors have in PolicyMe's business model and growth potential.
Impact
PolicyMe has successfully sold over $5 billion in coverage, protecting numerous Canadian families. Their user-friendly online platform and unique benefits have made them a significant player in the insurance market. Their mission is to make life insurance straightforward and accessible for all Canadians.