Life Insurance Cost Calculator

Life Insurance Cost Calculator — Estimate Your Premiums

Estimate life insurance premiums based on age, coverage amount, health, and lifestyle factors. Compare term and whole life insurance costs.

Step 1: Personal Details

Your Age

35 years

Coverage Amount

Policy Term (Years)

Gender

Life Insurance Basics

Term life insurance provides coverage for a specific period. Whole life insurance provides lifelong coverage with a cash value component. Premiums are based on age, health, and lifestyle factors.

Step 2: Health & Lifestyle

Health Status

Smoking Status

Occupation Risk Level

Family history of heart disease or cancer

Participate in high-risk activities

Premium Factors

Smokers typically pay 2-3x more than non-smokers. Health issues can increase premiums by 25-100%. Age is a primary factor – premiums increase approximately 8-10% per year of age.

Life Insurance Cost Estimate

Summary

Policy Options

Cost Breakdown

Estimated Monthly Premium

$42.50

$500,000 coverage for 20 years

Annual Premium

$510

Total 20-Year Cost

$10,200

Cost per $1,000

$0.085

Health Rating

Excellent

Policy Options Comparison

Policy Type	Monthly Premium	Total 20-Year Cost	Features	Best For

Premium Cost Breakdown

Life Insurance Calculation Formula

Premium = Base Rate × Age Factor × Health Factor × Lifestyle Factor × Coverage Amount

Base rates vary by insurer and policy type. Age factor increases premiums approximately 8-10% per year. Health and lifestyle factors can multiply premiums by 0.5x to 3x.

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