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"New Analysis Reveals Canadians are Overpaying for Life Insurance by 36%" - Cision

July 15, 2020

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Latest PolicyMe Press from Cision

According to new analysis by PolicyMe, an online life insurance platform and advisor, Canadians are overpaying for life insurance by an average of 36 per cent. The analysis comes from a group of 4,800 Canadians who had existing life insurance coverage prior to visiting the online life insurance platform. These findings reveal an industry ripe for innovation, as the traditional approach to buying life insurance is failing many Canadians.

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About PolicyMe

PolicyMe is a digital insurance solution on a mission to make buying life, health, and critical illness insurance effortless. We’ve cut out the unnecessary steps, lowered costs, and built a straightforward way for Canadians to get covered without the hassle. We know insurance isn’t just about policies; it’s about people, not paperwork. That’s why we focus on giving honest advice, fair prices, and a process that actually makes sense. No upselling, no confusion—just reliable coverage designed with you in mind.

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General Inquiries: info@policyme.com

Our mission is to empower Canadians to make informed financial decisions. To achieve this, we have an expert editorial team that includes licensed insurance advisors and financial planners. We prioritize the best interests of Canadian families and won't endorse any product, company or financial strategy that we believe isn't suitable. Our educational guides are crafted by in-house experts, like licensed life insurance advisors. Before publication, we subject our research and advice to scrutiny and comprehensive revisions for accuracy and completeness.

Our mission is to empower Canadians to make informed financial decisions. To achieve this, we have an expert editorial team that includes licensed insurance advisors and financial planners. We prioritize the best interests of Canadian families and won't endorse any product, company or financial strategy that we believe isn't suitable. Our educational guides are crafted by in-house experts, like licensed life insurance advisors. Before publication, we subject our research and advice to scrutiny and comprehensive revisions for accuracy and completeness.

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