Life Insurance Term Calculator
Determine the appropriate term length for life insurance based on your needs.
Life insurance term length should cover your period of greatest financial obligation. This calculator considers time to retirement, dependent care duration, and mortgage payoff to suggest an appropriate term. The goal is to maintain coverage until major financial obligations are met: children are independent, mortgage is paid, and retirement savings can sustain your spouse. Shorter terms cost less but may leave gaps.
Calculator
years
Recommended Term
30 years
Years to Retirement
30 years
Years Until Dependent Adult
17 years
Mortgage Remaining
25 years
Longest Need Horizon
30 years
Age at Term End
65 years old
Common use cases
- Assumes needs decrease as you approach retirement
- Dependent support assumed until age 22
- Does not account for permanent insurance needs
- Common term lengths are 10, 15, 20, 25, or 30 years
This tool provides general informational estimates and is not insurance advice or a quote.