Life is full of surprises, and sometimes, those surprises can knock us off our feet. Just imagine, one moment, you’re on top of the world, and the next, you’re faced with a critical illness that shakes your entire existence. It’s a frightening thought, but here’s the good news: PolicyMe has your back with their life-changing critical illness insurance.
In this PolicyMe Critical Illness Insurance Review, we will delve into the nitty-gritty details of this remarkable insurance coverage.
We’ll uncover what it entails, how it can provide financial security during the toughest times, and why it’s an absolute must-have for anyone looking to safeguard their future.
So prepare to be informed, and get ready to take control of your future with this PolicyMe Critical Illness Insurance Review.
Introducing PolicyMe Critical Illness Insurance, the latest addition to their exceptional lineup. Backed by Canadian Premier, it's incredibly simple to purchase. Get a free quote online, choose your terms and coverage amounts, and enjoy coverage for 44 illnesses. PolicyMe has your back.
- Backed By Canadian Premier
- Commission-Free Advise
- 44 Critical Illnesses Covered
- Variable Coverage Options
- Quick Online Application
- Not Available In Some Provinces
- It Does Not Cover All Conditions
- There is no Cash Value
About PolicyMe Critical Illness Insurance
PolicyMe has just unveiled its latest addition to its lineup of exceptional insurance products: PolicyMe Critical Illness Insurance. Like other PolicyMe insurance products, their critical illness insurance is backed by the major insurance giant: Canadian Premier.
What sets PolicyMe’s Critical Illness Insurance apart from traditional insurers in Canada is that it’s incredibly simple to purchase. Say goodbye to complex paperwork and lengthy application processes.
With PolicyMe, you can get a free quote online and quickly sign up for your personalised critical illness coverage. The best part? You can choose your policy terms and coverage amounts, giving you unparalleled flexibility that traditional critical illness insurance policies in Canada simply can’t match.
PolicyMe Critical Illness Insurance doesn’t hold back when it comes to protecting you. With coverage for a staggering 44 illnesses and medical conditions, it’s one of the most comprehensive deals you’ll find in Canada. Whether it’s cancer, heart disease, stroke, or any other critical illness, PolicyMe has got you covered.
What Does PolicyMe’s Critical Illness Insurance Cover?
Most critical illness insurance providers out there tend to cover only a handful of illnesses, leaving you vulnerable when faced with a severe non-covered condition. But guess what? PolicyMe’s Critical Illness Insurance is here to change the game.
With PolicyMe, you get coverage for a whopping 44 illnesses. Yes, you heard that right! And not just that, 27 of those illnesses are covered in full, while the remaining 17 receive partial coverage.
But that’s not all. PolicyMe’s critical illness insurance offers coverage ranging from $10,000 to $1 million. Plus, you can choose your term length from 10, 15, 20, 25, or 30 years. It’s tailored to fit your needs.
Fully Covered Critical Illnesses (27):
- Major organ failure on the waiting list
- Loss of limbs
- Severe burns
- Coronary artery bypass surgery
- Dementia, including Alzheimer’s Disease
- Parkinson’s Disease and disorders
- Heart attack
- Kidney failure
- Major organ transplant
- Aortic surgery
- Heart valve replacement or repair
- Benign brain tumour
- Motor neuron disease (including ALS)
- Acquired brain injury
- Bacterial meningitis
- Loss of speech
- Loss of independent existence
Partially-Covered Critical Illnesses (17):
- Coronary angioplasty
- Malignant melanoma – stage 1
- Primary cutaneous lymphoma
- Endovascular aortic surgery
- Breast Cancer
- Aortic aneurysm
- Implantation of a permanent cardiac pacemaker
- Carcinoma in-situ (CIS) of the breast treated with total mastectomy
- Chronic lymphocytic leukaemia – stage 0
- Implantation of a permanent implantable cardioverter-defibrillator (ICD)
- Prostate cancer – stage T1a or T1b
- Prostate cancer treated with radical prostatectomy
- Gastrointestinal stromal tumours
- Neuroendocrine tumours
- Papillary thyroid cancer or follicular thyroid cancer – stage 1
- Malignant melanoma – stage 1
- Primary cutaneous lymphoma
- Carcinoma in-situ (non-invasive cancer)
Here is a comprehensive list of all the illnesses which PolicyMe Critical Illness Insurance covers.
Benefits of PolicyMe Critical Illness Insurance
Here, I’ll review some of the benefits of purchasing the newly introduced PolicyMe Critical Illness Insurance and why it is better than other traditional critical insurance in Canada.
1. Backed By Canadian Premier
When it comes to insurance, trust is everything. That’s why it’s reassuring to know that PolicyMe’s Critical Illness Insurance policies have the backing of a true industry titan – Canadian Premier. As a major player in the insurance world, Canadian Premier brings stability, reliability, and a seamless experience to PolicyMe’s customers.
Based in the vibrant city of Toronto, Canadian Premier is renowned for its expertise and financial strength. With their support, PolicyMe policyholders can rest easy knowing that they won’t have to navigate a maze of obstacles to receive the promised payouts. The partnership between PolicyMe and Canadian Premier means smoother processes, fewer hurdles, and a faster path to financial assistance during critical times.
2. Commission-Free Advise
PolicyMe ensures a personal touch in its services by offering customers the opportunity to speak directly with their insurance advisors. While many online services are automated, PolicyMe understands the importance of human interaction and provides a platform for real-life conversations.
In contrast to traditional insurance agents who earn commissions, PolicyMe’s advisors are not motivated by financial incentives. They offer 100% honest advice because they do not receive any commission payments. They focus solely on helping customers find the best policy for their specific needs rather than pushing unnecessary coverage to increase their earnings.
3. 44 Critical Illnesses Covered
If you’re looking for comprehensive coverage that goes above and beyond, look no further than PolicyMe’s Critical Illness Insurance.
A close friend of mine recently had to undergo treatment for a critical illness that wasn’t covered by their insurance provider. It was a tough and costly journey for them. That’s why I’m thrilled to have discovered PolicyMe’s Critical Illness Insurance, knowing that it covers a wide range of conditions and offers the financial protection we all deserve.
PolicyMe Critical Illness Insurance covers 44 critical illnesses, including various cancer treatments. Cancer treatment can be painful and expensive; only a few insurance companies cover it. That speaks of how good of an insurer PolicyMe is.
4. Variable Coverage Options
Whether you’re seeking coverage of $10,000 or $1 million, PolicyMe has got you covered.
With term lengths ranging from 10 to 30 years, you can select the policy that fits your budget and provides the best coverage for your specific circumstances. It’s all about finding the perfect balance between affordability and comprehensive protection.
You can take control of your critical illness coverage with PolicyMe and secure your peace of mind for years to come.
5. Quick Online Application
Say goodbye to lengthy paperwork and time-consuming processes because PolicyMe’s application process is quick, easy, and entirely online. The best part? Most customers don’t even need a medical exam or a phone consultation to get a quote. It’s as simple as a few clicks, and you’re heading to personalized coverage.
While everything is conveniently handled online, PolicyMe also values the importance of human connection. That’s why they provide access to licensed advisors who are available seven days a week. So, if you ever need genuine advice or have any questions, you can count on speaking with a knowledgeable professional who will guide you every step of the way.
With PolicyMe, you get the best of both worlds: a seamless online experience combined with personalized support from real experts.
Drawbacks of PolicyMe Critical Illness Insurance
While PolicyMe Critical Illness Insurance has a handful of advantages, there are some drawbacks that you might want to consider before deciding:
1. It Does Not Cover All Conditions
While PolicyMe covers an mpressive number of 44 critical illnesses, it’s important to understand that not all conditions are covered. With hundreds of different conditions out there, it’s possible that your specific condition may not be included in the coverage. Reviewing the policy details and the list of covered illnesses is essential to ensure it aligns with your specific needs.
2. There is no Cash Value
Your critical illness insurance won’t accumulate a cash value, unlike whole life insurance policies. It’s not designed to be an investment vehicle but rather a means of financial protection in case of a covered illness.
So, if you outlive the policy without contracting a covered illness, you won’t receive any payouts, and the premiums paid won’t result in a tangible reward.
How To Get a Quote from PolicyMe
With coverage for a staggering 44 illnesses and medical conditions, the PolicyMe Critical Illness Insurance is one of the most comprehensive deals you'll find in Canada. Whether it's cancer, heart disease, stroke, or any other critical illness, PolicyMe has got you covered. 27 of those illnesses are covered in full, while the remaining 17 receive partial coverage.
Applying for PolicyMe’s critical illness insurance is a breeze, and you have two convenient options to choose from:
First, if you’re already in the process of applying for term life insurance with PolicyMe, you can easily add critical illness insurance to your existing application. No extra steps are required! It’s a seamless way to enhance your coverage and protect yourself from the uncertainties of critical illnesses.
Alternatively, you can opt to apply for PolicyMe’s Critical Illness Insurance as a standalone product. Whether you don’t require life insurance at the moment or simply want to focus solely on critical illness coverage, this option gives you the flexibility to tailor your insurance plan to your specific needs.
Who is PolicyMe?
Established in 2018 and backed by Canadian Premier Life Insurance, PolicyMe is an online platform offering convenient coverage nationwide (available in all Canada provinces and territories).
One of the standout features of PolicyMe is its easy application process and affordable rates. Gone are the days of lengthy paperwork and complicated procedures. With PolicyMe, you can apply online and receive a quote within 20 minutes.
Plus, here’s the best part: most customers don’t even need to undergo a medical exam or visit a doctor, nor do they have to schedule any phone calls with the company. It’s insurance made easy and accessible for everyone.
If you’re intrigued and want to dive into the nitty-gritty details, check out our comprehensive PolicyMe review, where we’ll provide an in-depth analysis of their offerings, features, and everything you need to know to make an informed decision.
How Does PolicyMe Critical Illness Insurance Differ From Traditional Insurers?
When it comes to choosing an insurance provider, PolicyMe stands out from the crowd in several meaningful ways.
Unlike many traditional insurance providers, PolicyMe’s advisors are not incentivized by commission. This means you can trust that you’ll receive an honest and unbiased opinion when seeking guidance on your critical illness insurance options. Your best interests are their top priority.
Also, with PolicyMe, you gain access to comprehensive coverage for 44 different illnesses. From common conditions like cancer and heart conditions to more specific ailments such as coma, stroke, and various neurological disorders, PolicyMe has you covered. Their commitment to providing extensive protection ensures you’ll be safeguarded against various critical health issues.
In addition, PolicyMe understands that each individual’s needs are unique. That’s why they offer a high level of flexibility when it comes to policy terms and coverage amounts. So whether you’re looking for a shorter or longer term or you require a specific coverage amount, PolicyMe can tailor a solution to meet your exact requirements.
When you choose PolicyMe, you’re not only getting honest advice and comprehensive coverage but also the freedom to customize your policy according to your needs. It’s insurance designed with your best interests in mind.
Is Critical Illness Insurance Worth It?
Did you know that one out of twelve Canadians has a diagnosed heart condition or other illnesses that could potentially lead to a critical or life-threatening situation? It’s a sobering statistic, but it highlights the importance of being prepared for the unexpected. That’s where critical illness insurance comes into play.
Critical illness insurance can provide invaluable support if you have close family members or dependents who rely on your income. It’s especially crucial if you have a family history of certain diseases and anticipate a higher likelihood of being diagnosed with them. With critical illness insurance, you can have peace of mind knowing that you’ll have financial protection in the face of medical challenges.
What makes critical illness insurance so valuable is its coverage for medical expenses that may not be covered by your regular health insurance. It serves as a cushion, offering support for yourself and your family and dependents during times of need.
Imagine being unable to work and facing a reduced income due to a critical illness. In such circumstances, the payout from critical illness insurance can be a lifeline, providing the financial assistance you need to navigate through those challenging times.
So, critical illness insurance is worth considering if you want to safeguard your financial well-being and ensure that you’re prepared for any unforeseen health issues. It offers the peace of mind, and support you and your loved ones deserve.
How Much Critical Illness is Enough?
When it comes to purchasing critical illness insurance through PolicyMe, one thing you should prioritize is getting enough coverage. You never know how long a critical illness could impact your ability to work, and it’s better to be prepared for the unexpected.
While it’s always advisable to consult with an advisor for a personalized assessment, a general guideline is to aim for coverage that can sustain you financially for one to two years based on your current salary. This provides a safety net during the recovery period and allows you to focus on your health without the added stress of financial concerns.
If you’re uncertain about the ideal coverage amount for your specific condition, don’t worry. PolicyMe has a team of knowledgeable advisors who can assist you in calculating the best coverage option tailored to your needs. They’ll help you navigate through the decision-making process and ensure you make an informed choice.
Remember, when it comes to critical illness insurance, it’s better to err on the side of caution and have adequate coverage in place.
Final Thoughts on PolicyMe Critical Illness Insurance Review
This PolicyMe Critical Illness Insurance Review has clearly shown that this coverage is a game-changer. With its comprehensive coverage for 44 illnesses, flexible policy terms, and easy online application process, PolicyMe has truly raised the bar in the insurance industry.
If you value peace of mind and financial security for you and your loved ones, it’s time to take action. Don’t wait for the unexpected to strike.
Get a PolicyMe Critical Illness Insurance quote today and experience the benefits firsthand. Remember, it’s better to be prepared than caught off guard.
FAQs on PolicyMe Critical Illness Insurance Review
How does critical illness payout?
Once your policy is activated, if you’re ever diagnosed with a critical illness covered by PolicyMe Critical Illness Insurance, you can submit a claim, and a team member will help with every step of the process. When approved, you’ll be sent a lump sum payment that you can use for whatever you need.
Does critical illness cover the surgery?
Yes, some insurers over critical illness insurance that covers some types of surgery. PolicyMe’s Critical Illness Insurance covers major organ transplants, heart valve replacement or repair, the treatment of some cancers, aortic surgery, and more.
What is not covered by critical illness insurance?
Different insurance providers in Canada offer coverage for different critical illnesses. PolicyMe covers 44 types of critical illnesses.