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Updated September 2026

PolicyMe vs Desjardins

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Written By BestMoney
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BestMoney
Editor, Writer
Expertise
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Reviewed By Edwin Gan
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BestMoney
Editor, Writer

Top 5 Lenders

Overall
Term
Whole
1
PolicyAdvisor
2
Emma
3
Equitable Life
4
IA Financial Group
5
BMO Insurance
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Insurance Details
Price Minimum
$14.52
$17.10
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
65
Medical Exam
No
No
Medical Questionnaire
Yes
Yes
Employment Information
Yes
No
Employment History
Yes
No
Canadian Resident
Yes
Yes
Income Details
No
No
Personal Information
Yes
No
AB Availability
Yes
Yes
BC Availability
Yes
Yes
MB Availability
Yes
Yes
NB Availability
Yes
Yes
NL Availability
Yes
Yes
NS Availability
Yes
Yes
NT Availability
Yes
Yes
NU Availability
Yes
Yes
ON Availability
Yes
Yes
PE Availability
Yes
Yes
QC Availability
Yes
Yes
SK Availability
Yes
Yes
YT Availability
Yes
Yes
Insurance Types
Term Life Insurance
Yes
Yes
Whole Life Insurance
No
Yes
Universal Life Insurance
No
No
Simplified Issue Life Insurance
No
No
Guranteed Life Insurance
No
No
Joint Life Insurance
No
No
Platform
Broker
No
No
Direct Insurer
Yes
No
Website
Yes
Yes
Mobile App
No
Yes
24/7 Support
No
No
Chat Support
No
No
Online Application
Yes
Yes
Online Claim Filing
Yes
Yes

Overview of PolicyMe vs Desjardins

PolicyMe is a digital life insurance provider offering fast online term policies for Canadians. Desjardins is a long-established insurer providing life insurance through both brokers and in-person service, with a full range of coverage options.

Is PolicyMe better than Desjardins?

It depends on your needs. PolicyMe works well for those who want a quick, online application and simple coverage, while Desjardins is suited for individuals seeking personalized advice and more diverse life insurance options.

Is PolicyMe cheaper than Desjardins?

PolicyMe often has competitive rates for straightforward term life insurance. Desjardins may cost more in some cases but can offer better value for customized or complex policies through its extensive product range.

Pros and cons of PolicyMe vs Desjardins

PolicyMe: Quick online setup, easy-to-understand policies, competitive pricing; limited product variety.
Desjardins: Wide range of coverage, personalized support, strong reputation; application process can be slower and pricing may be higher.

Key differences between PolicyMe and Desjardins

PolicyMe is a digital-first insurer focused on simplicity and speed. Desjardins is a traditional insurer offering personalized guidance, multiple policy types, and long-standing Canadian trust.

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