Life Insurance Cost Calculator
Financial ToolsEstimate your life insurance premiums based on age, coverage amount, health status, and policy type. Compare term vs. whole life insurance costs instantly.
How to Use Life Insurance Cost Calculator
Frequently Asked Questions
What factors affect life insurance costs?
Age, health, coverage amount, policy type (term/whole), smoking status, and occupation are key factors in determining premiums.
How accurate is this calculator?
Estimates are based on industry averages. For exact quotes, consult an insurance provider with your medical history and lifestyle details.
Term vs. whole life insurance: Which is cheaper?
Term life is typically 5-15x cheaper for the same coverage amount but doesn’t build cash value like whole life policies.
Can I get life insurance with pre-existing conditions?
Yes, but costs may be higher. Some insurers specialize in high-risk applicants—compare multiple providers for the best rates.
Why do smokers pay more for life insurance?
Smoking increases health risks, leading to higher mortality rates. Insurers charge 2-3x more for smokers, but quitting can reduce premiums over time.