Term Life Premium Estimator
Estimate your monthly term life insurance premium based on your age, health status, coverage amount, and term length. Compare 10, 20, and 30-year term costs.
Frequently Asked Questions
How much does term life insurance cost per month?
A healthy 30-year-old can get a 20-year, $500,000 term policy for $20-$35/month. A 40-year-old might pay $35-$60/month for the same coverage. Costs increase with age, poor health, tobacco use, and longer terms.
What happens when a term life policy expires?
When your term ends, coverage stops. You can typically renew at a much higher rate (based on your current age), convert to a permanent policy (if the conversion option is available), or let the policy lapse. There is no cash value or return of premiums unless you purchased a return-of-premium rider.
Is a 20-year or 30-year term better?
A 20-year term is best for most families with young children. A 30-year term costs more but provides coverage until children are fully independent. Choose based on when your financial obligations (mortgage, education) will end.