Term Life Insurance Calculator

Shawn Plummer

CEO, The Annuity Expert

Do you need term life insurance? If so, how much do you need? These are difficult questions to answer, but our free term life insurance calculator can help. This calculator will help you determine the cost of a policy, and it is easy to use. Just enter your age, sex, and the coverage you want. You will then see the monthly cost of a policy and the total cost over time.

Term Life Insurance Calculator

To use a free online term life insurance calculator, input personal information such as age, gender, health, coverage amount, and policy length. The calculator will estimate the premium cost based on these factors.

Next Steps

Determining how much term life insurance you need is complicated, but our free calculator makes it easy. With just a few clicks, you can see the monthly cost of a policy and the total cost over time. This will help you make an informed decision about your coverage needs. If you have any questions about term life insurance or need help finding the right policy for you, please contact us. We would be happy to provide you with a quote and answer any of your questions.

Term Life Insurance Calculator

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Contact us if you need help purchasing a life insurance policy. The service is free of charge.

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Frequently Asked Questions

How is term life insurance calculated?

Term life insurance is calculated based on age, health, coverage amount, and policy length. The premium is set at a fixed rate for the term.

Do I get my money back after term life insurance?

No, with term life insurance, there is no cash value component, and the policyholder only receives a death benefit if they die during the policy’s term. The premium payments are not returned at the end of the term. However, Return of Premium Term Life Insurance will return your money after the term is completed.

What happens after 20-year term life insurance?

After a 20-year term life insurance policy expires, the policyholder can either renew the coverage for a new term, convert to permanent insurance, or let the policy lapse without coverage or death benefit.

What happens if I live longer than my term life insurance?

If you live longer than your term life insurance, the policy will expire, and you will not receive a death benefit. Instead, the policyholder must purchase a new policy or opt for a different form of coverage.

How much does 100k term life insurance cost?

The cost of 100k term life insurance varies based on age, health, and policy length. Monthly premiums can range from $7.04 to $72.19.

Does term life insurance go up every five years?

Term life insurance may increase every five years if the policyholder chooses a renewable policy. Still, it can also be a level term with a fixed premium for the term.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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