Life Insurance in Burnaby, BC

I'm Milo Sarmiento, a licensed life insurance and investment broker serving Burnaby. My office is right next door in Uptown New Westminster, a short drive from Edmonds and Highgate. I help Burnaby families compare life insurance from Canada's major insurers in one conversation, and choose cover that fits their mortgage, their kids and their budget.

Serving every part of Burnaby

You don't need to travel: we can do the whole process by phone or video call. If you prefer to meet, the office at 610 6th Street, New Westminster is close to South Burnaby.

• South Burnaby — Edmonds, Highgate, South Slope, Big Bend
• Central Burnaby — Metrotown, Deer Lake, Burnaby Hospital area
• North Burnaby — Brentwood, Burnaby Heights, Capitol Hill, Willingdon Heights
• East Burnaby — Lougheed, Cariboo, Burnaby Mountain and SFU

Why compare with a broker instead of your bank

A bank branch or a single insurer can only sell its own policies. As an independent broker I put several insurers side by side, including Sun Life, Manulife, Canada Life, Empire Life, iA and Equitable Life, so you can see the real differences in price and terms. Premiums are set by the insurer, so going through a broker does not cost you more.

Coverage I help Burnaby families with

• Term life insurance — fixed cover for 10, 20 or 30 years. Usually the lowest-cost way to protect a mortgage and young children.
• Whole life and universal life — permanent cover with cash value, often used for estate planning.
• Critical illness insurance — a tax-free lump sum if you are diagnosed with a covered illness.
• Investments — TFSA, RRSP, RESP, FHSA and segregated funds.

What Burnaby clients often ask about

New condos and mortgage renewals. Burnaby has a lot of new condo towers around Metrotown, Brentwood and Lougheed. If you bought with a mortgage, the lender will usually offer mortgage insurance. That cover pays the bank and shrinks as you pay the loan down. A personal term policy pays your family and stays level. See mortgage insurance vs term life in BC.

Relying on work benefits. Group life through an employer is helpful, but it is often only one or two times salary and it usually ends when you change jobs. See why work life insurance isn't enough.

Young families. If you have kids in Burnaby schools, the questions are usually how much cover you need and for how long. Start with how much life insurance you really need in BC, and read why to name a trustee for a minor beneficiary.

How it works

1. Free first call. We go over your family, your debts and the cover you already have.
2. I compare insurers. You get quotes from several companies with the trade-offs explained plainly.
3. You decide. No pressure. If you go ahead, I handle the application and stay your contact afterwards.

Frequently asked questions

Do you have an office in Burnaby?

My office is just over the Burnaby border in Uptown New Westminster, at 610 6th Street, Suite 255. Meetings can be by phone or video call, or in person by appointment.

Is my group life insurance from work enough?

Often not. Group cover is commonly one or two times salary and usually ends when you leave the job. A personal policy stays with you whatever your employer does.

Can I get advice in Tagalog?

Yes. I explain coverage in plain English or in Tagalog, whichever you prefer.

What does a consultation cost?

The consultation is free. Premiums are set by the insurer, so comparing through a broker does not cost you more than buying direct.

Also serving nearby: life insurance in New Westminster.