Choosing life insurance is one of the most important financial decisions you will ever make. It is not simply about replacing income. It is about protecting your family’s lifestyle, preserving your home, funding future education, eliminating debt burdens, and creating financial certainty during an emotionally difficult time. At Diversified Insurance Brokers, we built this Life Insurance Calculator to make that process transparent, educational, and empowering. Instead of guessing at coverage amounts or relying on one carrier’s pricing, you can compare real-time quotes from more than 100 top-rated companies in one place. As a national independent fiduciary agency, our responsibility is to you—not to any insurance carrier—so the numbers you see reflect true marketplace competition.

Many families initially rely on employer coverage. While convenient, workplace plans are typically limited in size and often non-portable if you change jobs. Understanding the differences between group and individual life insurance is essential before assuming you are fully protected. A personally owned policy gives you long-term stability, control over beneficiaries, and predictable premiums that do not disappear if employment changes.

Life Insurance Calculator

Enter your age, state, and basic health details below. Within seconds, you will see live term and permanent policy pricing from multiple carriers.

The calculator shows transparent carrier names, coverage amounts, term lengths, and estimated monthly premiums. You can adjust the face amount and immediately see how cost changes. Many clients are surprised that increasing coverage by $100,000 or even $250,000 may only raise premiums slightly—an important insight when deciding between “adequate” and “fully protected.”

As a starting framework, many planners recommend coverage equal to 10–15 times annual income. From there, add outstanding debts such as a mortgage or student loans, future education costs, childcare needs, and final expenses. Then subtract savings and existing coverage. This method helps create a practical target rather than an arbitrary number.

For those who already have a term policy, you may be wondering what happens when that term expires. Some policies include a conversion rider that allows you to transition into permanent protection without new medical underwriting. If that option is important to you, review how converting term life to permanent coverage works and when it makes financial sense.

Term life insurance is often the most affordable way to secure large coverage amounts during peak responsibility years. It is ideal for income replacement, mortgage payoff protection, and funding college tuition. Permanent life insurance—including whole life and universal life—provides lifetime coverage and may accumulate cash value over time. Some families combine both: a large term policy during working years and a smaller permanent policy for estate or legacy planning.

Health and lifestyle factors influence final pricing. Height, weight, medical history, prescriptions, and tobacco use all affect underwriting class. However, underwriting is nuanced. Many well-managed conditions qualify for strong ratings, and pricing varies significantly between carriers. For example, those exploring smaller permanent policies for final expenses may compare options such as burial insurance for smokers or coverage for high blood pressure to understand how underwriting adjustments work.

Applicants outside ideal build charts should not assume they are uninsurable. Carrier appetite varies widely. This overview on burial insurance for overweight individuals demonstrates how different insurers evaluate risk differently—one reason independent comparison matters.

Business owners often need coverage beyond personal protection. If you co-own a company, you may need funding for a buy-sell agreement or protection against the loss of a key executive. In that case, review Key Person Insurance and Buy-Sell Life Insurance strategies to coordinate personal and corporate planning.

Estate and charitable planning also intersect with life insurance. Some families integrate coverage with retirement income strategies or philanthropic goals. For broader context, our resource on tax-efficient charitable distribution strategies explains how different financial tools complement each other in long-term planning.

The application process is often faster than people expect. Many applicants qualify for accelerated underwriting with no medical exam. When exams are required, they are brief and typically completed at your home. Once underwriting is approved, coverage can begin immediately upon policy delivery and payment.

The key takeaway: transparency leads to better decisions. Instead of guessing or relying on a single quote, use the calculator above to see how pricing truly compares across carriers. Adjust coverage levels. Compare term lengths. Explore permanent options. Then, if you want professional insight, our advisors can refine your selection, confirm underwriting class expectations, and help you secure coverage efficiently.