Term Life Insurance Cost Calculator

A healthy 30-year-old male can typically get a 20-year, $500,000 term policy for $20-$30/month. Costs increase significantly with age, health issues, and tobacco use. Women typically pay 15-25% less than men for the same coverage.

Key factors include: age (biggest factor), health classification, tobacco use (can double or triple premiums), gender, coverage amount, term length, family medical history, driving record, and dangerous hobbies. A medical exam is usually required for the best rates.

Choose a term that covers your period of greatest financial responsibility. If you have young children, a 20-30 year term covers them until independence. If you're close to paying off your mortgage, a 10-15 year term may suffice. Longer terms cost more per month but lock in the rate.