MR
  • Insurance
  • Mortgages
  • Debt Management
  • Personal Finance
  • Credit Cards
  • Retirement Planning
  • News
No Result
View All Result
Contact Us
MR
  • Insurance
  • Mortgages
  • Debt Management
  • Personal Finance
  • Credit Cards
  • Retirement Planning
  • News
No Result
View All Result
MR
No Result
View All Result
Home Insurance

Best PolicyAdvisor.com Review 2022

Adeola Adegoke by Adeola Adegoke
June 16, 2022
A A
policyadvisor.com review
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

If you reside in Alberta, Ontario, or Manitoba and are looking for life insurance, children’s life insurance, or mortgage protection, PolicyAdvisor.com is the place to find yourself great insurance products.

PolicyAdvisor.com is an innovative digital life insurance brokerage. It uses real-world expertise, the latest technology, and intuitive design to make several kinds of insurance simple, quick, and entirely online for Canadians.

PolicyAdvisor.com partners with 20 of Canada’s largest insurance providers to make insurance buying friction-free while offering you outstanding products, and advising you on the best options given your circumstances.

This PolicyAdvisor.com review covers in great detail what PolicyAdvisor.com is, its product offerings, how it works, and the pros and cons.

Without further ado, let’s discuss PolicyAdvisor.com and how it works.

Table of Contents show
1 What is PolicyAdvisor.com?
2 How Does PolicyAdvisor.com Work?
3 What Does PolicyAdvisor.com Offer?
4 Benefits and Downsides to PolicyAdvisor.com
5 Is PolicyAdvisor.com Safe?
6 How Does PolicyAdvisor.com Make Money?
7 Final thoughts on PolicyAdvisor.com Review
8 FAQs on PolicyAdvisor.com Review

What is PolicyAdvisor.com?

PolicyAdvisor.com is an online insurance brokerage for comparing and finding the best rates for children’s life insurance, mortgage protection, disability insurance, critical illness insurance, and life insurance.

PolicyAdvisor.com helps you find the perfect life insurance based on your finances, current situation, and insurance needs. PolicyAdvisor.com can simplify your insurance buying process and save you the hours you would spend sitting with different insurance advisors.

PolicyAdvisor.com is a Canadian life insurance broker and not an insurance provider. They do not provide the actual insurance; they are just licensed insurance brokers.

They do not charge any fees to use their services, and their advisors do not receive any commission on sales as they are strictly salary-based.

With PolicyAdvisor.com, you can rest knowing that you are dealing with transparent, honest, always available, secure, safe, and supportive advisors.

How Does PolicyAdvisor.com Work?

Instead of manually comparing multiple life insurance quotes in Canada and looking for a product that suits you, PolicyAdvisor.com has made it easy for you.

PolicyAdvisor.com has created a digital platform that makes finding coverage and affordable rates easy for different products.

Within a few minutes, you can compare rates online and save up to 40% on your premium. To get started, you have to visit PolicyAdvisor.com.

Complete the small questionnaire asking for your personal information, like Gender, Date of Birth, Postal code, etc.

You will be asked how much coverage you need. If you are unsure of what you need, contact their licensed advisors by phone, chat, or email to get the help you need.

Go ahead and submit your online application. The PolicyAdvisor.com brokers will call you to help you through the entire process. And as I said earlier, PolicyAdvisor.com is free of charge to use.

Related: 10 Best Insurance Brokers in Canada For 2022

What Does PolicyAdvisor.com Offer?

PolicyAdvisor.com, by itself, does not offer products to clients. They are only a life insurance quote broker that provides a search and comparison tool to find the right insurance products for you.

PolicyAdvisor.com helps you with all of your essential insurance needs. Here are the different types of insurance you can get through PolicyAdvisor.com. 

1. Life Insurance

Life insurance is an important part of your financial planning, and its benefits cannot be overemphasized. I am a strong advocate of getting life insurance coverage, and I personally believe its benefits outweigh its costs.

Think about this, you have worked so hard to provide you and your family a certain lifestyle while you are here- house, cars, school, and comfort. However, what truly maintains that lifestyle for your loved ones in the event of your death is tax-free, creditor-protected money.

A life insurance policy will indeed offer your family members and dependents financial protection after you are long gone, and your policy will pay out a lump sum of tax-free money to your beneficiary (loved ones and family) after you pass away.

All you have to do is pay a periodic sum of money, either monthly or annually, to the policy-holder, who, in turn, pays out financial protection to family members that depend on you for financial support.

PolicyAdvisor.com is a life insurance broker, and it offers great quotes for different types of life insurance.

There is the term life insurance, which insures for a pre-specified period, and the permanent life insurance, which does not expire and has a savings component.

There is also the no-medical life insurance, which does not require blood work or medical exam to submit an application, and the children’s insurance, which parents and grandparents can purchase for their minors.

2. Children Life Insurance

Children’s life insurance is a permanent life insurance that a parent or grandparent can purchase for a minor child.

It offers your child lifelong insurance coverage and it also provides an attractive savings vehicle to help them meet their future financial goals.

The Children’s life insurance policy has a cash value that accumulates and builds savings that your child can use for major expenses like education and down payment for their first home or first car.

The cash value accumulates and grows tax-free all through your child’s lifetime. The coverage does not expire, and your child is covered for life.

In addition to an RESP, you can also use the children’s life insurance policy to secure your child’s finances, and transfer wealth to your baby when he/she becomes an adult.

With this children’s life insurance, you can provide insurance and a financial head start for your child or grandchild.

3. Disability Insurance

Suppose you are disabled and you are suddenly unable to work due to an injury or illness. Disability insurance offers you protection against your loss of income.

Disability insurance does not replace all of your income. Still, it replaces a substantial portion of your monthly paycheque until you can resume work or until the end of a pre-determined disability coverage period.

There is the short-term coverage, which covers from 6 to 26 weeks, and the long-term coverage, which can last up to two years, five years, or until you are 65.

4. Mortgage Protection Insurance

Mortgage protection insurance pays off your outstanding mortgage debts in case you die without paying them off. It protects your mortgage debts through term life insurance.

The term life insurance matches the length of your mortgage’s amortization period and payout, which covers the amount you owe.

The Mortgage protection insurance allows a one-time payment to your family to pay off the mortgage should you pass away while the mortgage is outstanding. It offers a more flexible way to protect your home for your family financially.

5. Critical Illness Insurance

Critical illness insurance pays you a one-time lump-sum cash payment if you are diagnosed with any of the critical illnesses covered by your policy.

You can use this money to cover medical bills, prescription medicines, lost income replacement, and more.

The insurance pays out the lump-sum money once a specific critical condition is diagnosed. It does not pay out on any disease but only on pre-specified illnesses.

Critical illness insurance policies are not always the same, and you may need to check your policy to really determine what your policy covers.

However, most critical illness policies cover the big four diseases like heart attacks, dementia, stroke, and cancer.  

Benefits and Downsides to PolicyAdvisor.com

Pros

  • It is completely free to get a quote on PolicyAdvisors.com
  • Access to a wide range of products, and you compare similar products from 20 different companies.
  • Access to insurance quotes from top life insurance companies in Canada.
  • Advisors aren’t pushy since they are salaried and not on commission incentives.
  • It has an easy application process.
  • It is an independent insurance broker.

Cons

  • Only for Ontario, Alberta, and Manitoba residents.

Is PolicyAdvisor.com Safe?                          

Yes, PolicyAdvisor.com is safe and legit to use. PolicyAdvisor.com is regulated by the Financial Services Regulatory Authority (FRSA) of Ontario and incorporated under PolicyAdvisor.com Brokerage (PAB) Inc.

PolicyAdvisor.com values your safety and has several security measures to keep your data safe. Their security measures include 256-bit encryption, time-sensitive authentication, never share your data with third parties, and Password Protected Logins.

PolicyAdvisor.com has received ratings of 4.6/5 from trustpilot.com and 4.9/5 from reviews.io.

How Does PolicyAdvisor.com Make Money?

PolicyAdvisor.com does not charge any fees for its services. They make money from the insurance companies that partner with them. When you purchase products through PolicyAdvisor.com, the insurance companies pay them.

Final thoughts on PolicyAdvisor.com Review

If you are looking for insurance companies with the best life insurance quotes, PolicyAdvisor.com has got you covered.

PolicyAdvisor.com helps to simplify your search and comparison process, to help you find the best rates without too much hassle.

FAQs on PolicyAdvisor.com Review

Where does PolicyAdvisor.com operate?

At this time, PolicyAdvisor.com is only available to Ontario, Manitoba, and Alberta residents.

Is PolicyAdvisor.com regulated?

Yes. PolicyAdvisor.com.com is regulated by the Financial Services Regulatory Authority (FRSA) of Ontario.

Is PolicyAdvisor.com free to use?

Yes. PolicyAdvisor.com is free and does not charge any fees for its services.

Author Profile
Adeola Adegoke
Co-founder/CEO at The SEO Hive Digital Solutions | Website

Hi, I'm Adeola Adegoke. I am a licensed Insurance Broker in Manitoba, and I hold a master’s degree in Mathematical Sciences (with a major in Financial Modeling) from the African Institute for Mathematical Sciences (AIMS), Tanzania.

Also, I have a second master's degree in Statistics from the University of Regina, and I am currently pursuing my Ph.D. in Statistics at the University of Manitoba.

The primary purpose of Money Reverie is to help everyday Canadians make better financial decisions by providing up-to-date financial news and information, reports, product reviews, and government programs.

Related Posts
  • Adeola Adegoke
    https://www.moneyreverie.com/author/adeola-adegoke/
    2022 Minimum Wage in Canada By Province
  • Adeola Adegoke
    https://www.moneyreverie.com/author/adeola-adegoke/
    Bounc3 Review: Get Free and Instant Insurance Quotes
  • Adeola Adegoke
    https://www.moneyreverie.com/author/adeola-adegoke/
    How to Make Money as a 15-Year-Old: 20 Practical Ways
  • Adeola Adegoke
    https://www.moneyreverie.com/author/adeola-adegoke/
    What is The Minimum Wage in Quebec (2022
Previous Post

Canada’s Social Assistance Payment Dates (2022)

Next Post

PolicyMe Review 2022: Get Best Term Life Insurance Quotes

Related Stories

bounc3 review
Insurance

Bounc3 Review: Get Free and Instant Insurance Quotes

by Adeola Adegoke
June 27, 2022
0

Looking for a Bounc3 review? Do you ever worry about how your children or dependents will get by when you are no longer around to provide for them? Like you,...

Read more

PolicyMe Review 2022: Get Best Term Life Insurance Quotes

12 Best Health Insurance in Canada Plans for Canadians

Travel Medical Insurance: Top 5 Travel Insurance Plan in Canada

Affordable Super Visa Insurance for Parents & Grandparents

Next Post
policyme review

PolicyMe Review 2022: Get Best Term Life Insurance Quotes

Best GIC rates in Canada

Best GIC Rates in Canada 2022: Canada's Big & Online Banks

said payment dates

SAID Payment Dates, Benefits & Application (2022)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Wealthsimple Trade Review

Wealthsimple Trade Review: The Complete Pros and Cons in 2022

January 21, 2022
Tangerine mortgage rates vs other mortgage rates

Tangerine Mortgage Rates for Canadians in 2022

January 21, 2022
Guaranteed Payday Loans No Matter What in Canada

Guaranteed Payday Loans No Matter What Canada – Compare Options

February 28, 2022
How to Buy Chainlink in Canada in 2022 in 5 Simple Steps

How to Buy Chainlink in Canada in 5 Easy Steps

March 25, 2022

Popular Story

  • Websites Where Men Give You Money

    12 Legit Websites Where Men Give You Money in 2022

    6907 shares
    Share 2762 Tweet 1727
  • 20 Best Performing Mutual Funds in Canada for 2022 [Updated]

    5269 shares
    Share 2108 Tweet 1317
  • 12 Top Safe Investments With High Returns in Canada for 2022

    3844 shares
    Share 1538 Tweet 961
  • Best RESP Canada: 10 High-Performing RESP Providers of 2022

    3109 shares
    Share 1244 Tweet 777
  • What is Canada Pro Deposit? 2022 Amounts, Dates, Eligibility

    2548 shares
    Share 1019 Tweet 637
  • 10 Best Investment in Canada for 2022: ETF’s, Stocks, Real Estate & More

    1960 shares
    Share 784 Tweet 490
  • How Much Does it Cost to Have a Baby & Raise a Child in Canada?

    1927 shares
    Share 771 Tweet 482
  • Is World Financial Group (WFG) a Scam? An Unbiased Review 2022

    1909 shares
    Share 764 Tweet 477
  • Online E-Transfer Payday Loans Canada 24/7 No Credit Check

    1887 shares
    Share 755 Tweet 472
  • GST Payment Dates 2022: A Full Guide on The GST/HST Credit

    1754 shares
    Share 702 Tweet 439
Facebook Twitter Instagram

Money Reverie

Adeola Adegoke

Owner/Founder

Money Reverie is a top personal finance and finance blog in Canada. We share finance tips & self-help to live a rewarding life.

Categories

  • Benefits
  • Business
  • Credit Cards
  • Cryptocurrency
  • Debt Management
  • Insurance
  • Investing
  • Mortgages
  • News
  • Personal Finance
  • Product Reviews
  • Retirement & Estate Planning
  • Reviews
  • Tax
  • Uncategorized

© 2021 Money Reverie

No Result
View All Result
  • Insurance
  • Mortgages
  • Debt Management
  • Personal Finance
  • Credit Cards
  • Retirement Planning

© 2021 Money Reverie

Need Help With Anything Finance?

Enter your email address to get valuable personal finance & small business tips from top experts delivered to your inbox weekly.

Webull Canada Review
(4.6)
(4.6)
Best Webull Canada Review 2022
NEO FINANCIAL
(5)
(5)
Neo Financial Review – Fees, Pros, Cons, and Everything In-Between
XEQT Review
(5)
(5)
XEQT Review 2022: iShares Core Equity ETF Portfolio
Wealthsimple
(4.8)
(4.8)
WealthSimple Review 2022 – Investing, Fees, Pros, Cons & Cash-Bonus
Tangerine mortgage rates vs other mortgage rates
(4.8)
(4.8)
Tangerine Mortgage Rates for Canadians in 2022
Wealthsimple Trade Review
(5)
(5)
Wealthsimple Trade Review: The Complete Pros and Cons in 2022
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.