At Diversified Insurance Brokers, we know that choosing life insurance is one of the most important financial decisions you’ll ever make. It’s not just about replacing income—it’s about creating peace of mind, protecting the people you love, and ensuring your family’s financial security for decades to come. That’s why we built our Life Insurance Calculator—a fast, free, and easy way to estimate your coverage needs and compare real-time quotes from more than 100 top-rated companies. As a national, family-owned fiduciary agency, our role is simple: give you clear options, objective guidance, and a policy that truly fits your life.

Unlike sites that show limited rates or funnel you toward one carrier, our calculator displays transparent, side-by-side quotes tailored to your goals. Whether your priority is protecting a young family, paying off a mortgage, or planning a legacy, you can instantly see how coverage amounts, term lengths, and health factors influence your premium. If you’re currently covered at work, it’s also helpful to understand the differences between group and individual life insurance so you can decide whether a personal policy is the smarter long-term choice.

Use the Life Insurance Calculator Below

Get started by entering your basic details. In seconds, you’ll see quotes from many of the industry’s most trusted life insurance companies. From there, you can request help from a licensed advisor to refine your options or move straight into an application when you’re ready.

What the Life Insurance Calculator Delivers

The calculator takes the guesswork out of planning by estimating how much coverage you need and what it will cost—right now. Enter your age, state, and general health profile to view live quotes for term life insurance and permanent life insurance. You’ll see carrier name, policy structure, coverage amount, and estimated monthly premium. Because we’re independent—not affiliated with a single insurer—you’ll get a broad view of the market and pricing that reflects your actual profile.

Already have a term policy and wondering what happens as your needs evolve? Many clients ask about the ability to extend protection or add long-term guarantees. Depending on your contract, you may have options to convert to lifetime protection without new medical underwriting. If that’s on your mind, this overview on converting term life to permanent coverage will help you understand how and when a conversion can make sense.

How Much Life Insurance Do You Need?

While every family is different, a practical target is replacing 10–15 times your annual income. Layer in debts (mortgage, auto, student loans), children’s education, and final expenses, then subtract existing assets and current coverage to arrive at a more precise number. The calculator lets you adjust these inputs and immediately see how coverage changes affect your premium. You’ll often notice that an extra $100,000–$250,000 of coverage may add only a few dollars per month—useful context when you’re choosing between “enough” and “truly protected.”

It’s also common to combine solutions. Many families pair a larger term policy during peak responsibility years with a smaller permanent policy for lifelong guarantees and legacy planning. If you’re exploring how life insurance fits alongside retirement and estate strategies—including charitable bequests—our primer on tax-efficient charitable giving strategies can provide helpful context for building a comprehensive plan.

Term vs. Permanent: Which One Fits?

• Term Life Insurance: Affordable, straightforward coverage for a set period (e.g., 10, 20, or 30 years). Ideal for income replacement during working years, mortgage payoff protection, and funding children’s education. Many policies include riders for conversion or renewal options; the calculator makes it easy to compare the cost differences by term length and coverage amount.
• Permanent Life Insurance: Whole life and universal life provide lifetime coverage with the potential for cash value accumulation. These policies can support estate planning, business succession, or long-term financial goals. If you’re considering a transition from term, review the factors that influence whether a term-to-perm conversion (or layering a smaller permanent policy) is more efficient.

Health, Lifestyle, and Your Quote

Life insurance pricing reflects risk, so your medical history, prescriptions, build (height/weight), and lifestyle factors influence your final premium. The calculator gives you a fast baseline; an advisor can then refine quotes by matching your profile to carrier-specific underwriting niches. For example, well-controlled conditions often qualify for far better pricing than people expect. Even if you’ve been told you’re “high-risk,” we place coverage every week for clients with nuanced files.

Applicants who use nicotine, vaping products, or certain nicotine replacements are typically classified as tobacco by most carriers, which increases premiums. Time since last use matters; many companies offer improved classes after 12–24 months. For end-of-life planning on a tighter budget, seniors sometimes consider final-expense policies. If that’s you, compare needs and budgets against topics like burial insurance options for smokers or coverage for people with high blood pressure to see how underwriting nuances affect affordability.

Situations that Deserve a Closer Look

Employer Coverage Isn’t Portable: Group life at work is convenient but often limited and may not follow you if you change jobs. A personally owned policy ensures stability and control. If you’re deciding between relying on work benefits or buying your own plan, it’s worth revisiting the group versus individual comparison in detail to avoid coverage gaps.

Unique Occupations or Hobbies: Aviation, scuba, motorsports, and backcountry activities can influence underwriting class. Transparent disclosure helps us match you to carriers that price those risks fairly. We also routinely help applicants restore best-available pricing after lifestyle changes—e.g., quitting nicotine or improving a medical marker—by re-underwriting with a more favorable class.

Non-Traditional Health Profiles: If you’re managing conditions, don’t assume you won’t qualify. Carriers evaluate control, stability, and documentation. For applicants outside ideal build tables, these notes on burial insurance for overweight individuals illustrate how companies weigh risk and why accurate carrier matching matters.

From Quote to Coverage—What to Expect

Most applications are completed online. Many clients qualify for accelerated underwriting—no medical exam—based on age, coverage amount, and health history. If an exam is required, it’s usually a brief paramedical visit at your home or office. After underwriting review, the insurer issues your final approval and premium. If your needs change later, you can layer a new term policy, apply for an increase with underwriting, or—in eligible cases—exercise a policy rider. For shoppers who simply want to compare live numbers without a conversation, you can always start with a quick online life insurance quote and connect with an advisor only if you choose.

Budgeting and Value: Getting the Most for Your Premium

Because pricing varies by carrier and health class, the “best” policy is rarely the same for everyone. One insurer might be strongest for a lean-build 40-year-old seeking a 30-year term; another may excel for a 55-year-old with well-managed blood pressure. That’s why our calculator is integrated with a broad carrier marketplace: you see the range, then we help you select the contract and riders that deliver the most value. Riders to consider include living benefits, waiver of premium, child term riders, and—when appropriate—conversion privileges that protect insurability later on.

If Your Needs Evolve Over Time

Life changes—marriage, a new home, children, business ownership, college, retirement. Periodically review whether your coverage still matches your obligations. You might reduce coverage as debts fall, or increase protection during high-responsibility years. If you’re planning for final expenses with modest savings, a small permanent policy can be a stable, cost-predictable solution; use the calculator to compare a low face amount permanent option alongside term pricing. For families balancing retirement income planning with protection, some choose to coordinate life coverage with annuity or investment allocations; in that case, beneficiary design is critical. While geared toward annuities, this overview of beneficiary and death benefit considerations can help you think through similar choices for life insurance ownership and beneficiary strategy.

Why Work with Diversified Insurance Brokers

For 40+ years, we’ve helped families, business owners, and pre-retirees secure the right protection—without sales pressure. We operate nationally, compare pricing across dozens of top carriers, and handle the details so you can focus on decisions that matter. Whether you want a quick self-serve quote or a deeper review of underwriting nuances, you’ll get the same experience: clear explanations, thoughtful recommendations, and a policy that’s built for your real-life goals.

Take two minutes to run the calculator now. Then, if you’d like a professional second opinion, our advisors will help you pinpoint the coverage amount, term length, and contract features that offer the best value for your situation—today and as your life evolves.