Life Insurance Cost Calculator

Our Life Insurance Cost Calculator estimates the amount of term life insurance you need and the cost you might pay. Use the calculator below to get a cost estimate, and if you know you need coverage, we can help you get a quote through our agency SLP Insurance.

Get a Term Life Quote through SLP Insurance

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What's your occupation? *– Select –PhysicianDentistDental SpecialistCRNANurseNurse PractitionerNurse-MidwifeOptometristPharmacistPhysical TherapistPhysician AssistantPodiatristPsychologistVeterinarianBusiness / CorporateEngineerLawyerOther medical occupationOther non-medical occupation

What's your specialty? *

Ex: Anesthesia, Surgery, etc.

What's your specialty? *

Orthodontics, Endo, Perio, etc.

Please specify *

How much term life coverage are you thinking about buying? *– Select –Less than $500,000$500,000 to $1 million$1 million to $2 million$2 million to $3 millionMore than $3 million

A guess is fine. Usually people buy 5 to 10 times their income

State of residence *– Select –ALAKAZARCACOCTDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWYDC

What's your gender? *

• Female
• Male
• Other / Nonbinary

What's your height?– Select –5' or below5'1"5'2"5'3"5'4"5'5"5'6"5'7"5'8"5'9"5'10"5'11"6'0"6'1"6'2"6'3"6'4"6'5"6'6"6'7"6'8"6'9"6'10"6'11"7' or above

What's your weight?

What is your citizenship status?

• US Citizen
• Non-Citizen

What type of visa do you have?

Do you currently have any life insurance?

• Yes
• No

What type of life insurance coverage do you have?

• Policy through work
• Policy I bought myself

OPTIONAL: List any major details about your current coverage

Benefit amount, how much you're paying right now, insurance company you have the policy with, etc.

Have you ever smoked or used any of the following? *

• Cigarettes
• Cigars
• Vaping
• Marijuana
• Other
• None of the above

Are you a current or former smoker?

• Current
• Former
• N/A

Briefly, explain type of smoking & frequency *

Ex: I smoke cigars once every couple months, I occasionally smoke marijuana, etc.

When did you last use any of the above? *

Do you have any current or prior medical conditions, surgeries, or medications? *

• Yes
• No

We need to know so we can get you the best coverage.

Please list any current or prior medical conditions, surgeries, and medications

Leave blank if N/A. Include date first diagnosed and treatments received such as surgeries, etc.

Any family history of Cancer, Diabetes, Heart Disease, Stroke prior to age 65?

• Yes
• No

(Family is defined as your parents and your siblings only)

If yes, who had which illness and age diagnosed?

Do you participate in skydiving, rock climbing, scuba diving, etc. ?

• Yes
• No

Answer yes if you think any of your hobbies or activities could be considered high risk

Please briefly list which activities and how often

Skydiving a couple times a year, scuba diving once or twice a month, etc.

Do you have any foreign travel planned in the next 3 months?

• Yes
• No

Please list the countries you expect to travel to

Do you also want disability insurance quotes?

• Yes
• No
• Maybe

Name *

First

Last

Email *

Date of birth *

Needed to run quotes

Is it ok to text you about your quote? *

• Yes
• No

Your Cell Number *

Would you like to add any additional details?

• Yes
• No

Please list

Submit

Why buy term life insurance?

Term insurance is the most cost-effective option, providing essential coverage without the high premiums associated with permanent policies like universal or whole-life insurance.

How much term life insurance do you need?

We recommend buying term life insurance for at least 10 times your income, though this can be more complex for self-employed individuals with unpredictable earnings. Calculate your average income from all sources to determine the coverage you need, multiply it by 10, and round up to the nearest $500,000.

If your family relies primarily on your income, consider increasing the coverage to 10 to 15 times your earnings. For instance, if you earn $100,000 annually, you'd need at least $1 million in coverage or up to $1.5 million if you're the primary breadwinner. While this may seem substantial, it ensures your family is adequately protected.

Choosing the right term life insurance policy

It's important to work with someone who can shop for the lowest rates across various carriers, ensuring you're not pressured into purchasing unnecessary, more expensive policies. Revisit your coverage whenever you have a significant life event, such as having another child or taking on substantial debt, like buying a house.