Term Life Insurance Cost Calculator
Last updated: October 15, 2026
Estimate a term life insurance premium from coverage, a rate per $1,000, policy fees and the selected term length.
Starting figures illustrate this model. Enter your own measurements, quoted costs and applicable terms; this page does not retrieve live prices or provider rates.
Estimated monthly term life premium
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- Estimated annual premium: —
- Estimated total premiums over term: —
- Annual cost per $100,000 coverage: —
- Coverage amount: —
On this page
Quick summary: Estimate a term life insurance premium from coverage, a rate per $1,000, policy fees and the selected term length.
Read the complete guide
Updated reference sections in this guide are in English.
What this calculator estimates
Estimate a term life insurance premium from coverage, a rate per $1,000, policy fees and the selected term length.
How to use it
Enter Coverage amount ($); Annual rate per $1,000 of coverage ($); Annual policy fee ($); Policy term (years). Select Calculate to update the results.
How the calculation works
The annual estimate multiplies coverage in thousands by the entered rate per $1,000 and adds the policy fee. Monthly and term totals are derived from that annual estimate.
Worked example: starting scenario
| Coverage amount ($) | 500000 |
|---|---|
| Annual rate per $1,000 of coverage ($) | 0.65 |
| Annual policy fee ($) | 75 |
| Policy term (years) | 20 |
| Estimated monthly term life premium | $33.33 |
|---|---|
| Estimated annual premium | $400.00 |
| Estimated total premiums over term | $8,000.00 |
| Annual cost per $100,000 coverage | $80.00 |
| Coverage amount | $500,000.00 |
Important limitations
Actual premiums depend on age, health, underwriting, tobacco use, occupation, state, riders and carrier pricing. This calculator is not an insurance quote.