Term Life Insurance Calculator
Premium Estimate
Term Comparison
Formula
Premium ≈ (Coverage / 1000) × Base Rate × Age Factor × Health Multiplier × Smoker Multiplier × Term Multiplier
Frequently Asked Questions
What is term life insurance?
Term life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during the term, your beneficiaries receive the death benefit. It's typically the most affordable type of life insurance.
How much term life insurance do I need?
A common rule of thumb is 10-12 times your annual income. Consider debts, mortgage, children's education costs, and your spouse's income needs when determining coverage.
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