PolicyAdvisor.com is a comprehensive online platform that simplifies the purchase of insurance policies by using real-world expertise, the latest technology, and intuitive design, making buying insurance simple, quick, and entirely online.
PolicyAdvisor.com does not offer life insurance directly. Instead, it is an insurance brokerage that partners with over 25 of Canada’s largest insurance providers to offer outstanding products and advise you on the best options for your circumstances.
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 compare the best insurance quotes from Canada’s top insurance companies.
In this PolicyAdvisor.com review, we will explore everything the platform offers, including its pros and cons, and how to compare life insurance quotes to save on your policy. Explore PolicyAdvisor.com today and take the first step towards securing your financial future!
- 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.
- Only for Ontario, Alberta, and Manitoba residents.
- Doesn’t offer its own insurance products.
What Does PolicyAdvisor.com Offer?
PolicyAdvisor.com, by itself, does not offer products to clients. They are only a life insurance quote broker providing a search and comparison tool to find the right insurance products.
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
A life insurance policy will offer your family members and dependents financial protection after you pass away. Your policy will pay a lump sum of tax-free money to your beneficiary (loved ones and family) after you pass away.
You can get different types of life insurance policies in Canada through PolicyAdvisor.com. You can get term life insurance, permanent life insurance, whole life insurance, limited pay whole life insurance, term to 100 life insurance, and universal life insurance.
2. Children’s Life Insurance
Children’s life insurance is a permanent policy that a parent or grandparent can purchase for a minor child to give them lifelong insurance coverage and provide an attractive savings vehicle to help them meet their future financial goals.
You can get children’s life insurance through PolicyAdvisor.com. The children’s life insurance has a cash value that accumulates and grows tax-free. The child can use the savings to cover future expenses like college tuition, pay for a house down payment or their first car.
In addition to an RESP, you can 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 suddenly unable to work due to an injury or illness; your disability insurance protects you against your loss of income. 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.
Disability insurance offered through PolicyAdvisor.com has short-term coverage, which covers 6 to 26 weeks, and 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.
PolicyAdvisor.com offers term life insurance that matches the length of your mortgage’s amortisation period to cover the amount you owe.
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.
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.
Is PolicyAdvisor.com Safe?
Yes, PolicyAdvisor.com is safe and legit to use.
PolicyAdvisor.com is regulated by Ontario’s Financial Services Regulatory Authority (FRSA) 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 sharing your data with third parties, and Password Protected Logins.
PolicyAdvisor.com has received ratings of 4.7/5 from 37 reviews on trustpilot.com and 5/5 from 502 reviews on REVIEWS.io.
RELATED: 10 Best Insurance Brokers in Canada For 2022
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.
How To Find The Best Life Insurance Companies in Canada With PolicyAdvisor.com
PolicyAdvisor.com makes finding coverage and low premium rates for various insurance products in Canada easy. They offer quotes from different insurance companies and let you compare rates online.
The process takes a few minutes and can help you save up to 50% of your premium. To get started:
- 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. PolicyAdvisor.com brokers will call you to help you through the entire process.
PolicyAdvisor.com vs PolicyMe
PolicyMe is a top online life insurance solution for Canadians. Unlike many insurance agents who are only in for their commission, PolicyMe prides itself in helping you find just what you need.
Main Features
- Couples save 10% off their monthly rates for the first year
- Every policy includes Child Coverage at no extra cost
- Affordable term life insurance plans
Product
- Term Life Insurance
- Critical Illness Insurance
PolicyAdvisor.com and PolicyMe are online life insurance comparison platforms that offer a streamlined and convenient way for Canadians to compare and purchase life insurance policies. However, there are some differences between the two platforms.
PolicyMe is a digital life insurance broker focusing exclusively on life insurance policies. PolicyMe uses an AI-powered underwriting algorithm that allows users to get a quote and apply for coverage in as little as 10 minutes.
The platform offers both term and permanent life insurance policies from leading insurance providers in Canada. PolicyMe also provides personalised recommendations based on the user’s needs and offers a simple and straightforward application process.
While PolicyAdvisor.com and PolicyMe offer online life insurance comparison and purchasing services, PolicyAdvisor.com offers a broader range of insurance products and financial planning resources. In contrast, PolicyMe specialises in life insurance and offers a quick and easy application process.
Ultimately, the choice between the two platforms will depend on the user’s specific needs and preferences.
RELATED: PolicyMe Review 2023: Get Best Term Life Insurance Quotes
Final Thoughts on PolicyAdvisor.com Review
Secure your financial future today with PolicyAdvisor.com. PolicyAdvisor.com is a reliable and comprehensive platform for Canadians looking to purchase insurance policies and plan for their financial future.
With access to a wide range of insurance products from over 25 of Canada’s top insurance providers, PolicyAdvisor.com offers a hassle-free and straightforward user experience.
So, if you’re in Alberta, Ontario, or Manitoba, visit PolicyAdvisor.com today to take the first step towards securing your financial future.
This PolicyAdvisor.com review is positive and recommends PolicyAdvisor.com.
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 Ontario’s Financial Services Regulatory Authority (FRSA).
Is PolicyAdvisor.com free to use?
Yes. PolicyAdvisor.com is free and does not charge any fees for its services.
