Term Life Cost Calculator
Estimate term life insurance premiums by age, coverage amount, term length, and health class. Find the most affordable way to protect your family.
Part of our Insurance Calculators collection.
Term Life Cost Calculator
Free online calculator
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How to Use This Calculator
- 1
Enter your personal details and financial information.
- 2
See the estimated cost or coverage need instantly.
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Adjust inputs to compare different scenarios.
How This is Calculated
Term life premiums based on rate-per-$1,000 by age band and sex: Male age 25–34: ~$0.06/mo | Female: ~$0.04/mo Male age 35–44: ~$0.10/mo | Female: ~$0.07/mo Male age 45–54: ~$0.20/mo | Female: ~$0.15/mo Male age 55–64: ~$0.45/mo | Female: ~$0.35/mo Term multipliers: 10yr×0.8, 20yr×1.0, 30yr×1.3 Health: Preferred×0.75, Standard×1.0, Substandard×1.5
Example Calculation
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Result
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Results update as you enter your information.
Frequently Asked Questions
How much term life insurance do I need?
A common starting point is 10–12× your annual income. This calculator helps you get more precise by factoring in your debts, dependents, and income replacement needs. Use the Life Insurance Need Calculator for a complete picture.
What is the best age to buy term life insurance?
The younger and healthier you are, the lower your premiums. Buying in your 20s or 30s locks in the lowest rates. A healthy 30-year-old can get $500,000 of 20-year term for $20–$30/month.
Can I convert term to permanent life insurance?
Many term policies include a conversion option that lets you convert to permanent coverage without a new medical exam. This can be valuable if your health declines during the term.