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The 5 Best Life Insurance Agencies in Vancouver

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The 5 Best Life Insurance Agencies in Vancouver

One never truly knows what the future holds and, as grim as it may seem, any given day could be our last.  With all the responsibilities and people that we care for throughout our life, it’s only natural to want to leave something behind.

Life insurance is one way to ensure that your loved ones are not without some form of financial security in your absence.  To lend a hand in finding a fitting policy, we’ve curated a list of the best insurance agencies in Vancouver according to customer reviews, backgrounds, and more.

How much does life insurance cost in Vancouver?

Depending on the coverage offered by a policy, the cost of insurance premiums can vary widely.  Along with this, certain factors like drinking habits, smoking addictions, and even gender can cause increases and decreases in insurance rates.

Insurance policies can generally be divided into three different types, with each one having select benefits and costs.  These three types consist of term insurance, whole life insurance, and universal life insurance.

Starting with term insurance, this type of policy protects clients for a specific period of time.  After the policy expires, clients can choose to renew the policy, convert it to an alternative policy, or simply allow it to terminate.

Another notable aspect of term life insurance is the fact that payment of a death benefit is guaranteed if the policyholder passes away during a covered period.  For a term life insurance policy, most Canadians pay from $38 to $76 a month.

Whole life insurance policies typically run from $51 to $88 per month in Canada.  In contrast to term life insurance policies, whole life policies cover clients over the course of their lifetime.

Many people opt for whole life insurance because part of the policy’s premium is invested on behalf of the policyholder.  These investments are usually kept in an investment portfolio or a high-interest bank account in order to maximize the return for a client.

Last but not least, universal life insurance policies offer extremely flexible coverage plans.  This flexibility comes from the client’s ability to reduce or increase their benefits at any time.

Much like whole life insurance policies, part of the premium for a universal policy is placed in an investment account. These plans are the most costly option available and they typically go for $40 to $93 a month.

It is worth noting that being healthy and fit will usually result in lower insurance premiums.  This is mainly due to the fact that a healthy person will be less likely to pass away and result in a claim for the insurance company.

The Best Life Insurance Agencies in Vancouver

Now that we’ve established a basic understanding of insurance premiums and their cost factors, it’s time to see what Vancity has to offer.  So, without further ado, here are our picks for the best life insurance agencies in Vancouver.

1. AMC Insurance Services

AMC Insurance Services
SERVICESLife insurance
Home insurance
Auto insurance
Condo insurance
Tenant insurance
Bike insurance
Travel insurance
Marine insurance
Business insurance
Boat insurance
Marine insurance
WEBSITEhttps://amcinsurance.ca/homeowners-insurance/
ADDRESS12888 80 Ave #120, Surrey, BC V3W 3A8, Canada
CONTACT DETAILSPhone number: (604) 239 – 3164
Toll-free number: (866) 350 – 8555
Email: [email protected]
OPERATING HOURSMonday: 9 am – 9 pm
Tuesday: 9 am – 9 pm
Wednesday: 9 am – 9 pm
Thursday: 9 am – 9 pm
Friday: 9 am – 9 pm
Saturday: 9 am – 7 pm
Sunday: 10 am – 6 pm

AMC Insurance Services is an extremely popular agency in Vancouver with hundreds of excellent reviews to its name.  Many clients praise the agency’s ability to form comprehensive policies in an efficient, stress-free manner.

This feedback is congruent with the company’s hands-on approach to building personalized insurance policies.  During a consultation, clients can expect to sit down with a representative in order to discuss various lifestyle factors and coverage needs.

In order to provide more comprehensive plans, AMC insurance is also partnered with other insurance companies.  This gives clients the option to choose from a list of companies that offer similar services at different price points.

As an umbrella service, AMC’s life insurance offering encompasses a wide variety of products.  These include mortgage protection, disability insurance, critical illness insurance, health insurance, and of course term, whole, and universal life insurance.

Overall, we think AMC can be a great option for clients who wish to build an insurance policy with the assistance of a qualified insurance agent. It does mean you have to go through quite a few more hoops to get your policy, but for those who prefer customised options, it’s worth it!

Pros

  • Partnered with multiple insurance agencies
  • Focuses on building personalized policies
  • Extremely large client base
  • Most agents speak both English and Punjabi
  • Walk-ins are available in all branches
  • Has 9 branches

Cons

  • Personalized insurance policies take time to make
  • Not ideal for clients who want a standardized policy

Customer Reviews

AMC Insurance is my new home for all my insurance needs

“AMC insurance is my new home for all my insurance needs. The staff and especially Gopal Parmar are friendly and efficient. I insured my home insurance and found great coverages and discounts. Furthermore I will also transfer all my car insurance and my business insurance here because of the excellent service! This location also is very covid friendly, the staff all wear masks and use protocols. You can also find sanitizer at all agents desks. Thanks once again until next time” – Jason S. 

I would definitely recommend coming here

“AMC Insurance is a family owned and operated insurance company. They can take care any of your home, commercial or auto insurance needs. I would definitely recommend coming here!” – Vanshdeep S.

2. KRG Insurance Brokers

KRG Insurance Brokers
SERVICESAutomobile insurance
Home insurance
Tenant insurance
Condo insurance
Boat insurance
RV insurance
Travel insurance
Business insurance
Commercial insurance
Liability insurance
WEBSITEhttps://offices.insurebc.ca/vancouver/krg/
ADDRESS1847 W Broadway, Vancouver, BC V6J 1Y6, Canada
CONTACT DETAILSPhone number: (604) 474 – 0304
Toll-free number: (844) 558 – 8745
Email: [email protected]
OPERATING HOURSMonday: 9 am – 5 pm
Tuesday: 9 am – 5 pm
Wednesday: 9 am – 5 pm
Thursday: 9 am – 5 pm
Friday: 9 am – 5 pm
Saturday: closed
Sunday: closed

KRG Insurance Brokers is one of many offices under the extremely large InsureBC Group.  With a total of 64 branches in the Greater Vancouver area, these folks have built an extremely large base of clients.

Being part of a large company, KRG’s life insurance policies are generally standardized to appeal to a wider number of people.  We’re not crazy about the fact that this takes away the option for personalized policies, but clients at least have the reassurance that standardized policies are tried and tested.

This agency offers four standardized insurance policies starting with term life insurance, permanent life insurance, critical illness insurance, and health insurance.  Though limited, the mix of permanent and term insurance offerings provides clients with cost-effective options, in our opinion.

Given the current pandemic, some clients may not wish to have face-to-face insurance consultations.  Luckily, clients have the option of browsing for policies and purchasing them through InsureBC’s online portal.

Overall, we think they’re a good choice if you don’t want to go through the trouble of wading through a lot of policy options, customization, or even consultation. For those who want more tailored coverage, however, we advise checking out other insurers.

Pros

  • Clients can purchase policies online
  • One of the oldest, most well-established insurance companies in Vancouver
  • Offers standardized insurance policies

Cons

  • Clients cannot customize their policies
  • Limited variety of life insurance products

Customer Reviews

Amazing insurance brokers

Amazing insurance brokers. I’ve been with them for YEARS and they always provide incredible service. I have my HOME insurance, Car insurance and LIFE insurance through them. Thank you Lisa, Erlinda, Matt for all the amazing service. You won’t be disappointed if you are looking for budget friendly and quality products..” – Trudy T.

“The team at InsureBC is very helpful and super responsive. They made the process of buying insurance quick and pain free, offering the best coverage and price! I will definitely be using them for all my insurance needs.” – Kiarrah P.

3. Tanious Insurance & Investment Services Inc

Tanious Insurance & Investment Services Inc
SERVICESTravel insurance
Life insurance
Home insurance
Business insurance
WEBSITEhttps://www.cooperators.ca/local/nyroze-tanious
ADDRESS2630 East Hastings St Vancouver, BC V5K 1Z6
CONTACT DETAILSPhone number: (604) 255-7747
Fax: (604) 251-2875
Email: [email protected]
OPERATING HOURSMonday: 9 am – 6 pm
Tuesday: 9 am – 6 pm
Wednesday: 9 am – 6 pm
Thursday: 9 am – 6 pm
Friday: 9 am – 6 pm
Saturday: 9 am – 4 pm
Sunday: closed

Tanious Insurance is yet another company that offers custom insurance policies that are built around a client’s needs.  With Tanious Insurance, clients can decide on how much coverage they need, what their benefits are, and how much they pay.

For anyone who is unfamiliar with how policies work or what their particular needs are, the company also offers comprehensive consultations.  When it comes to these consultations, many clients praise the agency’s ability to provide such comprehensive custom policies, so that’s a point in their favor.

Aside from term and permanent life insurance policies, note that these folks also offer critical illness insurance.  This form of insurance can be particularly beneficial for clients who are living with chronic illnesses.

For their term insurance offerings, they also have policies as short as 1 year or as long as 20 years. We like this variety of term life insurance options – it provides more cost-effective choices for clients from different walks of life.

We do think their premiums for some policies are on the high side, though, such as those for their permanent life insurance. Still, that’s a minor qualm given how solid most of the policies themselves are.

Pros

  • Wide variety of term insurance offerings
  • Creates comprehensive custom insurance policies
  • Well-developed critical illness policies

Cons

  • Premiums for permanent life insurance are costly
  • Universal insurance policies come with preset investment accounts

Customer Reviews

They do it all, and there really is no one better

“Nyroze and his team have helped me over the past few years with my Life Insurance, Critical Illness coverage, and home/auto. They do it all, and there really is no one better! They keep you informed the entire way and always very courteous and professional. As a business professional myself, I appreciate great client care and communication, and this team delivers on a very high level. Highly recommend them for their service and knowledge. You won’t be disappointed.” – Chad O.

I would not go anywhere else for my insurance needs

“I would not go anywhere else for my insurance needs. Nyroze and his team truly deliver the best in service and knowledge for their customers. They are extremely friendly and helpful when it comes to answering questions and are always accommodating. They also follow through with their insurance policies and deliver what is promised, which is why I put my trust in Nyroze and his staff with ease. Thanks for all the help that you have provided us! I highly recommend this office!” – Agnes H.

4. Rainbow Insurance Agency Ltd.

Rainbow Insurance Agency Ltd
SERVICESLife insurance
Home insurance
Commercial insurance
Auto insurance
WEBSITEhttp://www.rainbowltd.ca/
ADDRESS2425 Burrard St, Vancouver, BC V6J 3J3, Canada
CONTACT DETAILSPhone number: (604) 736-7668
Fax: (604) 736-4375
OPERATING HOURSMonday: 9 am – 6 pm
Tuesday: 9 am – 6 pm
Wednesday: 9 am – 6 pm
Thursday: 9 am – 6 pm
Friday: 9 am – 6 pm
Saturday: 10 am – 4 pm
Sunday: closed

Though it is significantly smaller than other companies, Rainbow Insurance Agency is still one of the oldest insurance companies in Vancouver.  Having been established back in 1958, this company has been helping Vancouverites with their insurance needs for some time.

This family-owned agency consists of three staff members starting with Brian Gregory, the president, and Miriam & Isaac Gregory, the brokers.  For many clients, this family-owned quality helps provide a sense of security compared to other larger companies.

The main issue with having such a small office and team is the fact that the company can be quite busy on certain days.  Regardless, many clients would say that the wait is well worth it due to the agency’s thorough policy-making practices.

Since these folks aren’t partnered with large insurance companies their policy offerings can be quite limited.  However, if your insurance needs are relatively simple and you prefer highly personalized service, this company may be an ideal choice for you.

Pros

  • Family-owned insurance agency with personalized service
  • Has over 60 years of experience 
  • Simple but reliable insurance policies

Cons

  • Not partnered with large insurance companies, which limits options
  • Office is relatively small

Customer Reviews

He really does go the extra mile for you.

“outstanding service ( KAM ) every visit the agent goes the extra mile with care and  a  providing insurance tailored to your needs.  He really does go  the extra mile for you.” – Lisa S.

I chose Rainbow over some of the larger franchise or chain insurance places because of Rainbow’s personal touch

“I chose Rainbow over some of the larger franchise or chain insurance places because of Rainbow’s personal touch. A nearby automotive shop recommended them for all their insurance purposes and while, at first, it seems kind of amateur, small, and outdated (the place looks like a parody of a 1970s old boys club small sales office) it’s exactly those traits that make Rainbow great. It’s the personal touch, and the human interaction. Not for everyone, but if you value straightforward expertise and working with someone who cares about your insurance (not just one of hundreds of employees) this is your place. In the end I’ve found they actually know a lot more than I expected, and help me directly with even my smallest problems and questions.” – Jeffrey W.

5. The ReFrame Group

The ReFrame Group
SERVICESLife insurance
Disability insurance
Health insurance
WEBSITEhttps://reframeinsurance.ca/portfolio/personal/
ADDRESSWest Corner Office, 1965 W 4th Ave Unit 202, Vancouver, BC V6J 1M8, Canada
CONTACT DETAILSPhone number: (877) 778-8455
Toll-free number: 1 (877) 778-8455
Email: [email protected]
OPERATING HOURSMonday: 8:30 am – 5 pm
Tuesday: 8:30am – 5 pm
Wednesday: 8:30 am – 5 pm
Thursday: 8:30 am – 5 pm
Friday: 8:30 am – 5 pm
Saturday: closed
Sunday: closed


The ReFrame Group is a well-established insurance agency that specializes in offering reliable term life insurance and high-paying permanent life insurance.  To date, these folks have issued thousands of policies in their 25 years of operation.

“Reliable” is an extremely fitting description of this agency’s life insurance offerings.  This is because their claims process is relatively easy, and the company has yet to turn down a claim from a client.

They offer permanent life insurance plans with dozens of high-interest investment accounts for clients to choose from. As such, those who wish to build their finances through a life insurance policy may find it worthwhile to consider this company.  

Once a client selects a permanent life insurance policy, the company representatives will take time to present the client with various investment accounts.  By laying these choices out for clients, policyholders can have greater control over how their premiums are invested.

Overall, we heard a lot of good things about this insurer and its permanent life insurance policies. Even the investment accounts got a lot of positive reviews in our survey.

Unfortunately, given how large their client base is, they do tend to be on the busy side, which can make getting in touch with them problematic at times. This availability issue isn’t helped by their being closed on weekends.

Pros

  • Has worked with thousands of clients
  • High-paying investment accounts for life insurance

Cons

  • Closed on weekends
  • Works with a large number of clients

Customer Reviews

The ReFrame Group is the go to for individual as well as group health insurance

“When it comes to insurance, you want the best, and you want a solution that is tailored to your needs.  The ReFrame Group is the go to for individual as well as group health insurance.  Antonio and team will provided the highest level of service really take the time to understand your needs and provide you with the best possible competitive solutions.  If you already have insurance, I recommend you just give Antonio and team a call to review your current plan and ensure you are getting the best value and plan that covers all your needs and your employees needs.  I know for a fact, the ReFrame Group has been able to save significant dollars for companies by getting the best rates and plans in the industry.

Take the first step, call the ReFrame Group and get an assessment done, get your peace of mind, save some money, and get your insurance needs in check.” – Harold B.

Jack went above and beyond to ensure we had all the information we needed…

“Antonio has put together a remarkably capable and enthusiastic team. Jack went above and beyond to ensure we had all the information we needed to make important decisions about our policy, and responded quickly with competitive options. ReFrame will continue to be our primary resource for all our benefits and insurance requirements. Even outside of benefits and insurance, Antonio seems to know the best person in the city for whatever else one might need, so I’d highly recommend consulting the team at ReFrame first, because they’ll likely save you a lot of time and money.” – Brandon T.

FAQs About Life Insurance


That concludes our list of the best insurance agencies in Vancouver.  With this, you should have an easier time picking the proper insurance policy for you.

If you’d like to build up your estate for your loved ones, it may be best to enlist some professional help.  Luckily, we’ve drafted a similar list of the best financial advisors in Vancouver.

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