Life Insurance Premium Range Estimator

This estimator multiplies a coverage amount by an annual cost per $100,000 and adds any fixed fee or rider charges. It is built for planning, not for pricing a real policy. The per-$100,000 bands in the drop-down are illustrative ranges chosen to show the relative gap between policy types and ages. They are not current market rates and they are not quotes.

How it works. Enter the coverage you are considering in units of $100,000. A $500,000 policy is 5 units. Pick a profile to load a low and high price band, or type your own. The tool computes low = units x low band + fixed charges and high = units x high band + fixed charges.

Worked example (illustrative). Suppose you are looking at $500,000 of 20-year term and use bands of $60 and $110 per $100,000 with a $60 annual fee. Low = 5 x 60 + 60 = $360 per year. High = 5 x 110 + 60 = $610 per year. Dividing by 12 gives roughly $30 to $51 per month. Changing the profile to a whole life band of $900 to $1,800 shows the same death benefit costing several times more, which is the central trade-off between temporary and permanent coverage.

Limits. Real premiums depend on your exact age, sex, build, medical history, family history, tobacco and nicotine use, driving record, occupation, hobbies, the insurer's underwriting class and state. Use this range to sanity-check a quote, then collect actual quotes from several insurers or an independent agent. Compare them with the quote comparison tool.