Group Term Life Insurance Rates Calculator
Calculate Your Life Insurance Premium
Premium Calculator
Calculate your premium and see how much you could save with WAEPA.
Use the fields below to customize your estimate based on your personal needs and coverage goals. Your age helps determine your rate, since premiums are based on risk and typically change over time. Select your desired coverage amount to see how different benefit levels affect your cost.
You can also choose to include a Chronic Illness Rider, which provides access to benefits if you experience a qualifying illness, subject to your coverage amount. If applicable, add dependent spouse coverage and explore rider options for your spouse as well. Finally, choose your preferred payment frequency to see how often you’ll pay and how it impacts your overall premium.
Life Insurance Premium FAQs
What is a life insurance premium?
A life insurance premium is the amount you pay, biweekly, monthly, quarterly or annually, to keep your life insurance coverage active. Your premium is based on factors like your age, coverage amount, and optional riders you choose.
What is the purpose of a life insurance premium?
Paying a premium ensures your coverage remains active, so your loved ones are financially protected if something happens to you. It helps fund expenses such as income replacement, debts, and future financial needs.
Why should I calculate my premium?
Calculating your premium helps you understand the cost of coverage upfront, compare options, and choose a plan that fits your budget and protection goals—before making any commitment.
Calculators
Group Term Life Insurance Coverage Calculator
Determine how much coverage you should consider to protect the ones you love most.
WAEPA vs. FEGLI Calculator
Compare WAEPA and FEGLI life insurance coverage amounts and premium rates.