Life Insurance Quote Calculator
Put up to three life insurance quotes side by side. See the cost per $1,000 of coverage, the yearly cost, and how much you save by paying annually.
How this life insurance quote calculator works
Enter the coverage amount, the monthly premium and the annual premium from each quote. The calculator turns every quote into the same measure, the yearly cost per $1,000 of coverage, so quotes with different amounts can be compared fairly.
How to read the results
- Cost per $1,000 shows which quote is cheapest for the coverage you get.
- Yearly cost paid monthly is the monthly premium times 12.
- Saving from paying annually is the extra you pay by choosing monthly billing.
Before you choose
Compare quotes with the same term length, health class and riders. A cheaper price for less coverage is not a better deal. To work out how much coverage you need, use our life insurance calculator, then compare term quotes with the term life insurance calculator, or review permanent cover with the whole life insurance calculator.
This tool is for education only. It does not provide quotes and is not insurance advice. Real premiums depend on age, health, insurer and underwriting.
Frequently asked questions
How do I compare life insurance quotes?
Convert each quote to a cost per $1,000 of coverage per year and make sure the term, health class and riders match. This calculator does that for up to three quotes.
Is it cheaper to pay life insurance annually or monthly?
Many insurers charge less per year when you pay annually. Enter both prices and the calculator shows the yearly difference.
Does this calculator give me a quote?
No. It compares quotes you already have. Get real quotes from insurers or an agent and enter them here.
What is a good cost per $1,000 of coverage?
It depends on your age, health and term. Use the number to compare your own quotes, not as a benchmark.
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