Insurance Calculators
Term Life Insurance Calculator
Estimate the premium for a level term policy and the total you would pay across the whole term.
Estimated monthly premium
$74.91
- Annual premium
- $898.87
- Total paid over the term
- $17,977
- Cost per $1,000 of cover
- $0.15
Total premiumsCover
How this calculator works
Premium ≈ cover ÷ 1,000 × base rate × age factor × health and smoker loadings
- base rate
- an indicative rate per thousand of cover
Important considerations
- Actual premiums depend on underwriting, medical history and occupation.
- Longer terms and older ages raise the rate sharply.
Related calculators
- Life Insurance Needs CalculatorHow much life cover your household needs.
- Disability Insurance CalculatorIncome protection benefit you would need.
- Human Life Value CalculatorPresent value of your future earnings.
- Health Insurance Cost CalculatorTotal annual cost of a health plan.
- HSA Contribution CalculatorHSA balance and the tax it saves.
- Home Insurance Coverage CalculatorRebuild, contents and liability cover needed.
Learn more
Terms used here
Frequently asked questions
Why is term cover so much cheaper than whole of life?
Most term policies never pay out, because the cover ends before the risk period begins.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01