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Emma is a family-centric, online insurance brokerage platform that makes buying life insurance easy. It allows users to compare, contrast, and choose the best life insurance quotes from Canada’s biggest and most trusted insurance companies.
The organization leverages big data to underwrite insurance policies, and a proprietary live chat function to allow customers to get on-demand advice from experts. Its main goal is to make life insurance accessible, inclusive, fast, and easy to understand.
Summary: The team makes your life easier by finding a life insurance policy that fits your situation. If you are looking to get insured quickly and avoid in-person meetings, Emma has you covered.
Fees, Coverage, & Policies
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|HQ||7900 Pierre-Bertrand Blvd, Quebec City, Quebec G2J 0C5|
|Policy||Term & Whole Life Insurance|
|Coverage||$100,000 – $1,000,000|
|Term Length||– Term Life Insurance: 65 years old|
– Whole Life Insurance: 100 years old
|Medical Exam||Not required|
|Issue Age||18 – 40 years old|
|Restricted Provinces||Available in Quebec and Ontario|
Emma offers an online platform to buy quality life insurance in Canada via live chat. It combines innovative technologies and insurance expertise to simplify and accelerate the life insurance purchase process. Its main goal is to protect as many families as possible.
The entire process of signing up for a policy takes only 20 minutes and doesn’t require a medical exam. It also refunds purchases within the first 15 days if you change your mind about a policy purchase. Emma offers term and whole life insurance policies in partnership with Humania Assurance.
During the application process, you can speak with an experienced advisor to help you customize and finalize your application at your convenience. Also, it is important to note that Emma’s services are free to use.
Emma online platform takes 3 easy steps to sign up:
The insurance provider will then assess your application and finalize the policy and its premiums.
Emma offers two policies:
A death benefit will be paid out to beneficiaries upon the policyholder’s passing in a tax-free lump sum. The money can cover the cost of a mortgage, a car loan, or a personal loan.
You can protect your family with life insurance starting at $8 per month. The premium you will pay will depend on several things, including the type of policy you choose, your medical and general health condition, smoker status, family health history, gender, occupation, and age.
Term life premiums are paid monthly until the term expires or until the policy is renewed and switched over to the permanent policy. The average premium payable according to age is as follows:
|18 – 24||$12.51||$17.91|
|25 – 29||$12.51||$17.91|
|30 – 34||$13.23||$17.91|
|35 – 39||$13.95||$17.91|
|Accelerated death benefit rider||N/A|
|Accidental death benefit rider||N/A|
|Child rider||Child protection of up to $25,000 is offered. All your kids are automatically approved and protected.|
|Critical Illness rider||N/A|
|Cost of living adjustment (COLA) rider||N/A|
|Disability income rider||N/A|
|Guaranteed insurability rider||N/A|
|Long-term care (LTC) rider||N/A|
|Return of premium (ROP) rider||N/A|
|Term conversion rider||N/A|
|Waiver of premium rider||N/A|
In order for your death benefit to be paid out, your beneficiaries will need to obtain and submit your death certificate to the insurer, along with a filled claim. The insurance company will then review the claim and process it within two or four weeks, after which a payout will be made to the beneficiaries.
The payout is in a lumpsum tax-free amount. However, beneficiaries have the option of having the money deposited into an interest-accruing account with installment payments paid out regularly.
Emma is accessible through a custom chat system, email: [email protected], and via phone: (438) 806-7227. Any questions or concerns you may have will be promptly answered by Emma. during business hours from 9 am to 9 pm EST.
Emma makes it easy for students, families, and business owners to access life insurance from some of Canada’s top insurance service providers. It is 100% online, providing a quick and convenient way to compare rates among the various vendors saving clients from wasting time looking at products that are not suitable for them.
Together with this, it provides access to experts who give clients advice via live chat. If you are looking to save time and let Emma do the work to find you affordable life insurance, then this platform will help you get the best policy at the best price.