Term Life Insurance Calculator
Calculate your term life insurance needs, premium estimates, and coverage recommendations. Plan your family’s financial security with our comprehensive calculator.
Step 1: Personal Information
35 years
$500,000
Coverage Guidelines
Most experts recommend coverage of 10-15 times your annual income. Consider debts, future expenses, and income replacement needs.
Step 2: Financial Details
Premium Factors
Premiums are based on age, health, smoking status, and coverage amount. Healthier, younger non-smokers receive the best rates.
Term Life Insurance Results
Summary
Coverage Breakdown
Term Comparison
Estimated Monthly Premium
$500,000 coverage for 20 years
Recommended Coverage
$1,125,000
Annual Premium
$510
Total Cost Over Term
$10,200
Cost per $1,000 Coverage
$0.085
Coverage Allocation Visualization
Income Replacement
40%
Debt Coverage
22%
Education Fund
9%
Final Expenses
4%
Term Length Comparison
| Term Length | Monthly Premium | Total Cost | Cost per $1,000 | Recommended For |
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