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Updated September 2026

PolicyMe vs RBC Insurance

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Written By BestMoney
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BestMoney
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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
$12.22
Insurance Term Minimum
10 years
10
Insurance Term Maximum
30 years
30 years
Claim Processing Time
1 week
1 week
Same-Day Coverage
No
No
Insurance Requirements
Age Minimum
18
0
Age Maximum
75
85
Medical Exam
No
Yes
Medical Questionnaire
Yes
Yes
Employment Information
Yes
Yes
Employment History
Yes
Yes
Canadian Resident
Yes
Yes
Income Details
No
No
Personal Information
Yes
Yes
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
No
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
Yes
Website
Yes
Yes
Mobile App
No
Yes
24/7 Support
No
No
Chat Support
No
No
Online Application
Yes
Yes
Online Claim Filing
Yes
No

Overview of PolicyMe vs RBC Insurance

PolicyMe and RBC Insurance both offer life insurance in Canada. PolicyMe is a convenient online brand while RBC Insurance is a more traditional, established insurance company.

Is PolicyMe better than RBC Insurance?

PolicyMe provides a great online experience and helpful resources for learning about the different policies they offer. They provide better onboarding and customer service than RBC Insurance.

Is PolicyMe cheaper than RBC Insurance?

PolicyMe may be cheaper than RBC Insurance as they are known for their competitive rates.

Pros and cons of PolicyMe vs RBC Insurance

Here are some pros you can expect for PolicyMe vs RBC Insurance life insurance:

  • Competitive pricing
  • User-friendly online experience

Here are some cons of PolicyMe vs RBC Insurance life insurance:

  • PolicyMe isn’t a direct insurer, they are a front brand for an insurer

Key differences between PolicyMe and RBC Insurance

The key difference between PolicyMe and RBC Insurance is that PolicyMe is a user-friendly online brand and RBC Insurance is more of a traditional insurance brand. PolicyMe is also not an insurer, they provide a way to apply for policies through the insurer they represent.

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