Life Insurance Calculator Details

Find out how much life insurance you need with Polcygenius’ free calculator — and estimate how much that coverage will cost per month.

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What factors affect life insurance quotes?

Age

Premiums decrease as you age. Life insurance rates rise by 4.5% to 9% annually due to increased risk with age. Secure coverage early for lower premiums and long-term financial security.

Gender

Women pay 24% less for life insurance on average. With longer life expectancies, they present lower near-term risk to insurance companies, resulting in reduced premiums.

Health

Severe health conditions can result in high rates or coverage denial, while mild conditions may only slightly affect premium costs. The impact on premiums depends on the severity of the health condition.

Lifestyle

Risky hobbies like skydiving or deep-sea scuba diving can raise life insurance premiums due to the associated hazards.

How much life insurance do you need?

Generally speaking, you’ll need enough life insurance to cover your financial obligations. Your coverage amount — also called the death benefit of your policy — should be enough to help your beneficiaries cover any expenses they’d be responsible for in your absence — including costs related to housing, raising children, or paying down debt.

What your life insurance calculator results mean for you

Our coverage calculator offers you an estimation of how much coverage you need, a suggested term length, the duration of your policy, and an estimate of your monthly premiums. You’ll have two options to consider based on your budget and coverage needs.

Working with a licensed agent can help you talk through policy options that are suited to your coverage needs. At Policygenius, our experts are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent, unbiased advice.

How much does life insurance cost?

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Estimated Cost
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Estimated Cost (Monthly)
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Step 1: Connection and Acknowledgement
Hello,

I see that you've used our life insurance calculator and you're considering the important decision to protect your loved ones. That's an excellent step forward.
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Step 2: Verification and Encouragement
I can confirm that based on the details you've provided, your estimated monthly premium for our life insurance coverage would be approximately $ . This coverage is designed to give you peace of mind and security, ensuring that your loved ones will be financially secure.
Step 2: Verification and Encouragement
I can confirm that based on the details you've provided, your estimated monthly premium for our life insurance coverage would be approximately $ . This coverage is designed to give you peace of mind and security, ensuring that your loved ones will be financially secure.
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Step 3: Stress on Value and Benefits
Remember, life insurance is more than just a cost; it's an investment in your loved ones' future safety. It ensures they're cared for even in your absence. This plan provides a fixed death benefit tailored to your needs.
Step 3: Stress on Value and Benefits
Remember, life insurance isn't just a cost; it's an investment in the future safety and security of your loved ones. It means they'll be taken care of even if you're not around. This plan will cover a guaranteed death benefit, offer a potential for cash value accumulation, and provide coverage for your entire lifetime, ensuring your peace of mind. It's tailored to your specific needs.
Step 3: Stress on Value and Benefits
Remember, life insurance isn't just a cost; it's an investment in the future safety and security of your loved ones. It means they'll be taken care of even if you're not around. This plan offers both a death benefit and the potential for cash value growth linked to a market index, giving you both protection and growth opportunities. It's flexible and tailored to your specific needs.
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Step 4: Closing and Appreciation
Thank you for entrusting us with your life insurance needs. We truly appreciate the opportunity to provide you with this vital coverage. You've made a wise decision that underscores your commitment to your loved ones' future.

Note: This is a preliminary estimate, and we will provide you with a formal quote based on the information you've provided. Expect to receive it within the next 24 to 48 hours via the email or phone number you've shared.