Term Life Insurance Calculator
Estimate how much coverage you may need, compare common term lengths, and explore a potential monthly cost range in about two minutes.
- No account required
- Coverage and cost results together
- Built for U.S. households and dollars
Start with the basics
These details help create a general term-life estimate.
What should coverage protect?
Enter current amounts. Use zero where an item does not apply.
Choose a planning horizon
A term often covers the years when income replacement matters most.
Your estimated coverage need
Estimated cost by term
Compare Available Policy OptionsMarket estimate updated August 2026. Based on published national term-life benchmarks and interpolation between age and coverage bands. Educational estimate only—not an insurance quote, recommendation, eligibility guarantee, or offer. Actual premiums depend on underwriting, carrier, state, health history, medications, occupation, lifestyle, and other factors.
One calculator, several useful answers
Explore the amount, term and potential cost together instead of relying on one isolated number.
Coverage needs
Combine income replacement, debts, mortgage obligations, dependents and final expenses, then subtract existing coverage.
Term comparison
Compare estimated costs for 10-, 20- and 30-year terms using the same profile and coverage amount.
Potential cost range
See a broad educational range rather than a misleadingly precise premium before underwriting.
How much term life insurance might you need?
Identify the financial obligations that could remain if your income stopped. Your appropriate amount may change as your family, debts and savings change.
| Planning need | Input | Purpose |
|---|---|---|
| Income replacement | Income × selected years | Helps cover ongoing household expenses. |
| Mortgage and debts | Current balances | May reduce survivors’ financial burden. |
| Dependents | $100,000 per child | Provides a simplified allowance for future needs. |
| Final expenses | Expected near-term costs | Accounts for funeral and related expenses. |
| Existing resources | Insurance plus liquid assets | Reduces the estimated uncovered need. |
Compare common term lengths
10-year term
May suit shorter obligations or temporary protection. It commonly costs less but expires sooner.
20-year term
A middle ground for income replacement, mortgages and families with growing children.
30-year term
A longer window for younger buyers, long mortgages or many remaining working years.
Term life insurance calculator FAQs
Is this an actual insurance quote?
No. It is an educational planning estimate. Actual quotes require carrier-specific rates and underwriting.
Why does age affect estimated cost?
Age is one of several risk factors insurers commonly consider. Premiums generally rise as applicants get older.
How does nicotine affect rates?
Definitions vary by carrier, but current nicotine use can substantially affect premiums.
Which term length should I choose?
Consider how long others may depend on your income, the remaining mortgage term and the ages of your dependents.