The Best 5 Life Insurance Agencies in Vancouver
Uncertainty about the future is something we all face.
While it might be uncomfortable to think about, it’s crucial to plan for the unexpected, especially when it comes to ensuring financial security for your loved ones. Life insurance can provide that security and peace of mind.
To help you find the right policy, we’ve compiled a list of the best life insurance agencies in Vancouver, based on customer feedback, services offered, and more.
Understanding Life Insurance Costs in Vancouver
Life insurance premiums can vary widely depending on the type of policy and individual factors such as health, smoking status, and gender. There are three main types of life insurance policies:
- Term Life Insurance: Provides coverage for a specific period. Premiums typically range from $38 to $76 per month. This type offers guaranteed death benefits if the policyholder dies within the coverage term. Policies can be renewed, converted, or allowed to lapse upon expiration.
- Whole Life Insurance: Offers lifetime coverage with premiums ranging from $51 to $88 per month. Part of the premium is invested, potentially growing the policy’s value. This option is often chosen for its investment component and stable coverage.
- Universal Life Insurance: Provides flexible coverage and investment options. Premiums range from $40 to $93 per month. It allows policyholders to adjust coverage levels and investment strategies, making it a more customizable but costly option.
Healthy individuals typically benefit from lower premiums, as they are considered less risky to insure.
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Top 5 Life Insurance Agencies in Vancouver
1. AMC Insurance Services
- Services: Life, home, auto, condo, tenant, bike, travel, marine, business, and boat insurance.
- Website: AMC Insurance Services
- Address: 12888 80 Ave #120, Surrey, BC V3W 3A8
- Contact: (604) 239-3164 | (866) 350-8555 | email@amcinsurance.ca
- Hours: Mon-Fri: 9 am – 9 pm, Sat: 9 am – 7 pm, Sun: 10 am – 6 pm
AMC Insurance Services is well-regarded for its personalized approach and extensive range of insurance products. They offer customized policies by assessing individual needs and lifestyle factors, which is ideal for those seeking tailored insurance solutions.
Pros: Diverse policy options, multiple insurance partnerships, personalized service.
Cons: Custom policies may require more time and effort.
2. KRG Insurance Brokers
- Services: Auto, home, tenant, condo, boat, RV, travel, business, commercial, and liability insurance.
- Website: KRG Insurance Brokers
- Address: 1847 W Broadway, Vancouver, BC V6J 1Y6
- Contact: (604) 474-0304 | (844) 558-8745 | lifeinsurance@insurebc.ca
- Hours: Mon-Fri: 9 am – 5 pm
As part of the InsureBC Group, KRG Insurance Brokers offers a variety of standardized insurance policies. They provide a streamlined process for purchasing insurance online, making them a good choice for those seeking convenience and reliability.
Pros: Established reputation, online policy purchasing.
Cons: Limited customization options.
3. Tanious Insurance & Investment Services Inc
- Services: Life, travel, home, and business insurance.
- Website: Tanious Insurance
- Address: 2630 East Hastings St, Vancouver, BC V5K 1Z6
- Contact: (604) 255-7747 | Fax: (604) 251-2875 | Vancouver_Hastings@cooperators.ca
- Hours: Mon-Fri: 9 am – 6 pm, Sat: 9 am – 4 pm
Tanious Insurance & Investment Services Inc is known for its custom insurance policies and comprehensive consultations. They offer a range of term insurance options and critical illness coverage, making them a strong option for those needing flexible, personalized solutions.
Pros: Extensive term insurance options, custom policy creation.
Cons: Higher premiums for some policies.
4. Rainbow Insurance Agency Ltd.
- Services: Life, home, commercial, and auto insurance.
- Website: Rainbow Insurance
- Address: 2425 Burrard St, Vancouver, BC V6J 3J3
- Contact: (604) 736-7668 | Fax: (604) 736-4375
- Hours: Mon-Fri: 9 am – 6 pm, Sat: 10 am – 4 pm
Established in 1958, Rainbow Insurance Agency Ltd. is a family-owned business known for its personalized service. Although their policy offerings may be limited, their long-standing reputation and individualized attention make them a trustworthy choice for simple insurance needs.
Pros: Personalized service, extensive experience.
Cons: Limited insurance options, smaller office may lead to longer wait times.
5. The ReFrame Group
- Services: Life, disability, and health insurance.
- Website: The ReFrame Group
- Address: West Corner Office, 1965 W 4th Ave Unit 202, Vancouver, BC V6J 1M8
- Contact: (877) 778-8455 | Connect@TheReFrameGroup.com
- Hours: Mon-Fri: 8:30 am – 5 pm
The ReFrame Group excels in providing high-paying permanent life insurance and investment options. They have a solid track record with thousands of policies issued, although their busy schedule and limited weekend availability may be a consideration.
Pros: Extensive experience, high-interest investment accounts.
Cons: Weekend closures, large client base may affect responsiveness.
Each of these agencies offers unique strengths and services. Consider what matters most to you—whether it’s personalized attention, a range of options, or convenience—and choose the agency that best fits your needs.
