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“Quick, easy, well priced”
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“Easy to apply and great price”

Life insurance in Vancouver that's surprisingly affordable with PolicyMe

Vancouver families can save up to 20% on term life insurance.
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Protect your family with term coverage for less

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“The quote I received from PolicyMe on $650k in insurance was less than I was quoted for $600k at my previous company. 100% satisfied!
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“Impressed with PolicyMe’s straightforward, easy application process. And their policies are way more affordable!
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Great rates and coverage put into effect in less than 24 hours. Highly recommended.”
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“Made a very daunting and important task so easy. I'm relaxed and happy to have things in place for my loved ones.”
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“Easy application, fully online. It took a couple of days and I am fully insured. Couldn't be happier.”
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“I am older and had to authorize my doctor to answer some questions for the life insurance company, but the process was actually very easy and created zero stress for me.”
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40% of the costs for a regular life insurance plan come down to distribution and underwriting expenses.
Our tech-based process means you can save up to 20% on your monthly payments.
Get the same quality coverage at a more affordable premium.

Compare your life insurance coverage to other families near Vancouver

We've delivered over $5 billion in term life insurance to thousands of families across Canada.
Average coverage amount
Average policy length
17.5 years
Average premium starts at

Looking for life insurance tips?

Talk to an advisor (if you want!)

Call +1 (866) 999-7457 from 9AM-5PM EST Monday to Friday or email us. Our Ontario-based team is happy to help!
Our Canadian advisors are available 7 days a week, from 9 a.m. to 5 p.m. ET.

Need a recommendation?

Talk to an advisor (if you want!)

Call +1 (866) 999-7457 from 9AM-5PM EST daily or email us anytime. Our Ontario-based team is happy to help!
Our Canadian advisors are available 7 days a week, from 9 a.m. to 5 p.m. ET.
Ready to get started?
See how much you're saving with PolicyMe.
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Sample life insurance quotes for families in Vancouver

What would a quote look like for $250,000 in coverage over a 20-year term with PolicyMe?

Woman, aged 36, non-smoker from Mount Pleasant: $22.38/mo

Man, aged 32, non-smoker from the West End: $26.33/mo

Woman, aged 46, non-smoker from Kitsilano: $49.49/mo

Man, aged 42, non-smoker from West Point Grey: $48.53/mo

Man, aged 30, smoker from Dunbar-Southlands: $50.43/mo

Curious to see how much you could save on your coverage with PolicyMe?

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Equitable Life, Canada Life, Industrial Alliance and Sun Life all have offices in Vancouver

You can still get coverage from several top life insurance companies in Vancouver. You can get some of the best life insurance rates from insurers like Manulife and PolicyMe.

The average real estate cost in Vancouver reached almost $1.4M in 2022

For more peace of mind, many homeowners take out a life insurance policy to potentially help their family cover the mortgage payments.


The average household size of families in Vancouver is 2.5 people as of the 2021 census

Many people have children and partners who rely on them. Life insurance can help take care of your family if you aren't around.


FAQs: Life insurance in Vancouver, BC

How do life insurance policies work in Vancouver, BC?

In Vancouver, life insurance policies work by covering a policyholder through an insurer (i.e. the life insurance company).

If you pass away during the term of your policy, your family can get a lump-sum payment from your insurer. This payout is also called a death benefit. Your family can use this payout to cover many of their everyday costs — from groceries to school books.

What is the average cost of life insurance in Vancouver?

The average cost of life insurance in Vancouver can vary from $15 to $100. At PolicyMe, we don’t think you should have to make huge payments each month to help plan for your family's financial future. That’s why we offer some of the most affordable rates in Canada for term life insurance coverage.

Because life insurance is cheaper the younger you are, we always recommend getting your coverage sorted as soon as someone starts depending on you financially. Older people typically have to pay higher monthly premiums to get the same quality coverage because of the potential risks associated with covering them.

Is it worth getting life insurance in Vancouver?

It can be worth getting life insurance in Vancouver if you have anyone that relies on you financially. Whether it’s your partner or you have young kids, a life insurance payout can help cover the cost of anything your family needs if you weren’t around.

With term life insurance, there are virtually no limits on what it can be spent on. Your family could use a payout for both one-time costs or month-to-month payments. Think mortgage payments, bills, groceries and bills, hobbies, funeral costs, and school and college fees.

Who regulates life insurance in Vancouver, British Columbia?

The Insurance Council of BC regulates life insurance in Vancouver, British Columbia. They regulate life insurance agents and companies throughout the province. They help make sure agents and businesses are acting with integrity and providing a high-quality service.

The council offers regular education to licensed insurance providers, making sure they meet regulatory requirements. They also look into complaints and discipline any insurance businesses or companies that have acted out of line with Canada’s Financial Institutions Act and the council’s rules for good practice.

How much life insurance do I need in Vancouver?

How much life insurance you need in Vancouver depends on you and your family’s particular needs. Say you have two kids, how much more money would your partner need to cover things like dance class, birthdays and keeping the college fund full? Or if your partner relies on you for finances, they could use tax-free lump-sum insurance payment on things like bills, mortgage payments, debt payments, etc.

The coverage you need depends on how much your family will need to cover everyday costs on one person’s income or pension. Dig out your calculator and see how much your family would need to cover these costs.

Consider getting affordable life insurance coverage with a term life insurance policy. Term life insurance is some of the most affordable life insurance out there. And the younger you are, the cheaper it typically is.