Best Life Insurance Companies in Vancouver, WA, for 2024

Life insurance ensures your loved ones receive financial support if you unexpectedly pass away. MoneyGeek suggests you shop around and compare quotes from various companies to find Vancouver’s best life insurance provider. To help you, our team ranked the city’s life insurance carriers and picked the top ones based on age, lifestyle and other factors.

Factors like your gender and preferred coverage limit affect your life insurance premiums. In Vancouver, the cheapest providers for a $250K policy are:

• For men: Transamerica at $9 per month
• For women: MassMutual at $8 per month

Although a $250K policy is relatively cheap, you may find it insufficient to cover your family’s needs. In fact, the recommended coverage amount in Washington is $965K, based on the state’s average cost of living, income, debt and other state-specific factors.

If you want a $965K life insurance policy in Vancouver, the following companies offer the most affordable options:

• For men: Transamerica at $22 per month
• For women: Nationwide at $15 per month

In Vancouver, life insurance is cheaper compared to the state’s average — 6% cheaper if you’re a man and 14% more affordable if you’re a woman.

Your gender significantly affects your life insurance premiums. If you’re buying a $250K life insurance policy in Vancouver, you’ll pay around $16 per month if you’re a man but roughly $14 per month if you’re a woman.

Your preferred coverage limit also greatly affects the cost of your life insurance. In Washington, the recommended life insurance coverage is $965K based on the state’s per capita income (from the U.S. Bureau of Economic Analysis), average mortgage debt, personal debt and age.

A $965K policy costs approximately $42 for males and around $37 for females. On the other hand, a 10-year life insurance policy in Vancouver, regardless of coverage limit, costs an average of $25 for men and $22 for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Vancouver using average buyer profile statistics, including the average age of 30, the average weight of 183 pounds for males and 145 pounds for females, and an average coverage need of $965,000.

MoneyGeek’s research found that the most popular life insurance companies in Washington in terms of market share are New York Life (9%), Northwestern Mutual (8%) and Prudential Financial Inc. (5%). Further, the state’s seven largest providers have a combined market share of 39%. The table below lists Washington’s largest life insurance carriers.

Based on MoneyGeek’s analysis, life insurance in Vancouver for young people ranges from $15 and $25 per month. Our pick for the city’s best providers for younger adults are:

• Transamerica: $15 per month
• Mutual of Omaha: $17 per month

View life insurance quotes in Vancouver for young people using the table below.

MoneyGeek determined rates by analyzing quotes for a 25-year-old male non-smoker in Vancouver who is 5 feet 10 inches and 156 pounds and purchases a 20-year term contract at the average coverage need of $340K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Seniors in Vancouver pay between $35 and $75 for life insurance. MoneyGeek’s analysis shows that the best life insurance companies in the city for older adults are:

• Transamerica: $35 per month
• MassMutual: $37 per month

The table below lists the most affordable life insurance companies in Vancouver for seniors.

MoneyGeek determined rates by analyzing quotes for a 60-year-old male non-smoker in Vancouver who is 5 feet 10 inches and 183 pounds and purchases a 10-year term contract at the average coverage need of $102K.

MoneyGeek’s study shows that life insurance quotes in Vancouver range from $124 to $271 per month for smokers. The following are the best providers in the city for people who smoke:

• Transamerica: $124 per month
• MassMutual: $146 per month

You can find the cheapest life insurance companies in Vancouver for smokers in the table below.

MoneyGeek determined rates by analyzing quotes for a 30-year-old male smoker in Vancouver who is 5 feet 10 inches and 183 pounds and purchases a 20-year term contract at the average coverage need of $965K. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage since rates for smokers dramatically increase as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.