Life Insurance Quote Estimator
Quick educational estimate for level term life premiums. Actual carrier quotes may differ based on underwriting.
Profile
Coverage
Riders
Premium
Estimated monthly
$55
Estimated annual
$660
Riders (monthly adders)
$0
Assumptions
Coverage amount
$500,000
Term
20 years
Base rate / $1k (adj.)
$0.10
Summary
Email my calculations
Receive a printable breakdown (PDF) to revisit your calculations later.
Premiums by coverage amount
Visualize how monthly premiums change with coverage size for each selected term length.
Term & coverage comparison
| Term (yrs) | Coverage | Monthly | Annual |
|---|---|---|---|
| 10 | $250,000 | $21 | $248 |
| 20 | $250,000 | $28 | $330 |
| 30 | $250,000 | $37 | $446 |
| 10 | $500,000 | $41 | $495 |
| 20 | $500,000 | $55 | $660 |
| 30 | $500,000 | $74 | $891 |
| 10 | $1,000,000 | $83 | $990 |
| 20 | $1,000,000 | $110 | $1,320 |
| 30 | $1,000,000 | $149 | $1,782 |
source: calestimator.com/life-insurance-calculator
Educational estimate only — not a quote or offer of insurance.
How to use the Life Insurance Calculator
Estimate the amount of coverage needed to protect your family by combining income replacement, debts, and future goals.
- Enter annual income and how many years your household would need support.
- Add outstanding debts, mortgages, and education goals you want insurance to cover.
- Subtract existing savings or coverage to avoid double counting.
- Review the recommended death benefit and adjust for inflation or lifestyle changes.
Life Insurance Calculator key terms
Knowing how each field influences the results keeps the math grounded in reality.
Human life value
A method that multiplies income by working years remaining to estimate the economic loss of a death.
Term vs. permanent coverage
Term insurance provides coverage for a set period, while permanent policies include cash value and higher premiums.
Inflation rider
Optional feature that increases coverage annually to keep pace with living costs.
Life Insurance Calculator planning ideas
Try running a few “what if” scenarios to translate the numbers into real-world decisions.
Single-income households
Model what happens if the primary earner is unable to work and how long savings would last.
Stay-at-home parent coverage
Value the cost of childcare, housekeeping, and meal prep to ensure non-wage labor is insured too.
Business succession planning
Add buy-sell obligations or key-person coverage needs for entrepreneurs.
Frequently asked questions
How often should I revisit coverage amounts?
Review policies after major milestones—marriage, new children, home purchases, or debt payoffs. The calculator helps you size coverage to life changes.
Can I ladder multiple term policies?
Yes. Buying several policies with different durations can mirror declining needs. Use the tool to see how laddering compares to one large policy.