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Updated October 2026

PolicyMe vs PolicyAdvisor

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Written By BestMoney
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BestMoney
Editor, Writer
Expertise
Personal Loans
Business Loans
Home Insurance

Your money deserves the best. BestMoney shows you Canada’s top loans, insurance, and credit cards...

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Reviewed By Edwin Gan
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Edwin Gan
Editor, Writer

Top 5 Lenders

Overall
Term
Whole
1
cover.ca
2
InsureBC
3
PolicyAdvisor
4
Sun Life
5
TD Insurance
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Insurance Details
Price Minimum
$14.52
$10
Insurance Term Minimum
10 years
10 years
Insurance Term Maximum
30 years
30 years
Claim Processing Time
1 week
1 week
Same-Day Coverage
No
No
Insurance Requirements
Age Minimum
18
18
Age Maximum
75
85
Medical Exam
No
Yes
Medical Questionnaire
Yes
Yes
Employment Information
Yes
No
Employment History
Yes
No
Canadian Resident
Yes
No
Income Details
No
No
Personal Information
Yes
No
AB Availability
Yes
Yes
BC Availability
Yes
Yes
MB Availability
Yes
Yes
NB Availability
Yes
No
NL Availability
Yes
No
NS Availability
Yes
No
NT Availability
Yes
No
NU Availability
Yes
No
ON Availability
Yes
Yes
PE Availability
Yes
No
QC Availability
Yes
No
SK Availability
Yes
No
YT Availability
Yes
No
Insurance Types
Term Life Insurance
Yes
Yes
Whole Life Insurance
No
Yes
Universal Life Insurance
No
Yes
Simplified Issue Life Insurance
Yes
Yes
Guranteed Life Insurance
Yes
Yes
Joint Life Insurance
Yes
Yes
Platform
Broker
No
No
Direct Insurer
Yes
Yes
Website
Yes
Yes
Mobile App
No
No
24/7 Support
No
No
Chat Support
No
No
Online Application
Yes
Yes
Online Claim Filing
Yes
No

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