Life Insurance in BC for Couples Raising a Family

The price depends on your age, your health, whether you smoke, how much coverage you want and for how long. Prices are usually lower when you are younger and healthy. Each insurance company sets its own price, so the same coverage can cost different amounts. Pearl compares plans from 17 insurers so you see real prices for your family before you decide.

A simple way to start: add up your mortgage and debts, a few years of your family's living costs and your kids' school plans. Then take away the savings and insurance you already have. The answer is different for every family. Pearl does this math with both of you in one meeting and writes it down.

Often it is not enough on its own. Work coverage is usually a set amount that may be smaller than a family with a mortgage needs, and it usually ends when you leave the job. Your own policy stays with you when you change jobs. Pearl looks at your work benefits first, so you only buy what is missing.

They work in different ways. Mortgage insurance from a lender pays the lender, the amount goes down as you pay down your mortgage, and the cost stays the same. It also does not move with you if you change lenders. Your own life insurance pays the people you choose, and they decide what to do with the money. Pearl can show you both side by side.

Term life insurance covers you for a set time, such as 10, 20 or 30 years, and costs less to start. Whole life insurance covers you for your whole life and can build cash value over time. Many families use term coverage for the years with a mortgage and young kids. Pearl explains both and shows you the price of each.

Yes. You can buy one joint policy or two separate policies. A joint policy usually pays once, when the first partner dies, and then it ends. Two separate policies can cost more, but each one pays its own benefit. Pearl shows you the price of both ways so you can choose together.

Yes, and Pearl asks for it. Both partners join the first meeting, in person in Coquitlam and nearby cities, or by video. You can each join the video from a different place, like home and work. Decisions about your family's protection go better when you both hear the same thing.

Pearl works with 17 Canadian insurance companies, including CPP, Foresters, Ivari, Co-operators, GMS and more. That means she can compare prices and features across companies. She shows you the options side by side and tells you why she suggests one.

No one company is best for every family. Each insurer prices age, health and smoking differently, and each plan has different features. The best fit is the right coverage at the right price for your health today. That is why Pearl compares 17 Canadian insurance companies before she suggests one.

Often yes. Whether you can apply, and with which insurer, depends on your residency status and how long you have lived in Canada. Pearl works with families who are new to Canada and will tell you what you can apply for today.

No. Talking to Pearl is always free: every call, every question, her advice and your quotes. You never have to buy anything. Pearl is paid by the insurance company only if you buy a policy. You can ask her about it at any time.

You usually have three choices. You can renew it, but the price goes up because you are older. You can often switch it to permanent life insurance without a new medical exam, if you do it before the age or date set in your policy. Or you can let it end if you no longer need it. Pearl can help you plan this before your term ends.