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Age 30-39Household of 31 children at homeHomeowner

First home + young child in Vancouver: insurance assessment

Seven product lines assessed for a 30-39 household, Household of 3, Homeowner

Estimated yearly cost of essentials
$4,837–$12,546/yr

What usually gets missed

⚠ Term LifeSuggested coverage $2,650,000 · $1,352–$1,590/yr

The mortgage is far larger than the group life coverage, the most common gap of all

⚠ Critical IllnessSuggested coverage $100,000 · $300–$348/yr

With small children, illness means paying for care, so costs go up rather than down

All seven product lines

Term Life
6 carriers
EssentialSuggested coverage $2,650,000
Est. annual return 3%
$1,352–$1,590/yr
Auto
8 carriers
EssentialSuggested coverage $2,000,000$1,280–$8,203/yr
Home
6 carriers
EssentialSuggested coverage $750,000$2,205–$2,753/yr
Critical Illness
6 carriers
RecommendedSuggested coverage $100,000$300–$348/yr
Travel
6 carriers
OptionalSuggested coverage $1,000,000$24–$41/yr

How this was calculated

  • · Illustrated annual return is an estimate only and is not guaranteed.
  • · Property coverage uses the rebuild band of the local median home (assessed $1,450,000)
  • · Life coverage uses DIME: income replacement + debts + final expenses + education, minus existing coverage
  • · Auto assumes the representative age, a sedan, and $2M third-party liability

Based on published rate tables and local property statistics. These are estimates, not underwriting decisions: your actual premium depends on your situation and the carrier.

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