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Calculate Optional Term Life Insurance Premium (monthly)
- Optional Term Life Coverage is limited to a maximum of $ 400,000.
- Election III & IV require approval thorough Evidence of Insurability.
Please select the Plan Year.     
Select a Year.      
Enter your monthly Salary.        
Select your Age Range.      
Coverage Amount.      
For Coverage Amount details & to know what Election I, II, III, & IV mean, refer to the instructions below.
 
Instructions
1.

All premiums, as calculated here, are monthly.

2.

Please make a selection from among the choices available on the 'Dropdown List' to enable the 'Dropdown List' in the next step.

3.

Optional Term Life is limited to a maximum of $ 400,000. When your coverage amount exceeds $ 400,000, the Calculator would prompt you to change your selection to bring your coverage amount to a maximum of $ 400,000.

4.

Election I gives you a coverage amount equal to your Annual Salary. Election II gives you a coverage amount equal to two times your Annual Salary. Election III gives you a coverage amount equal to three times your Annual Salary. And finally, Election IV gives you a coverage amount equal to four times your Annual Salary.  

5.

Please do not open another page in this window, while in the middle of calculation. You may loose all your calculations and may have to begin once again.

6.

The calculations on this page are for estimation purpose only.

 

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