Fine tune coverage with riders that fit risks. Adjust for age, term, and health factors. Know the added premium before you sign anything ever.
Sample inputs show how different riders can shift costs and benefits.
| Age | Coverage | Riders Selected | Estimated Annual Total |
|---|---|---|---|
| 30 | $250,000 | ADB 2x, WOP, CI $50k | $1,200–$1,650 |
| 45 | $500,000 | WOP, CI $100k | $2,100–$3,200 |
| 60 | $300,000 | ADB 3x, DI $1,500 | $2,400–$3,600 |
This calculator uses a transparent, simplified pricing model to estimate rider premiums. It combines age, term length, and smoker status into factors applied to common rider rating styles.
Riders add incremental cost on top of your base premium. This calculator estimates each rider using age, term, and smoker factors. Results show base annual premium, rider total, combined annual premium, and monthly estimate. Use the breakdown table to see which rider adds the most cost more easily.
Accidental death benefit increases payout for covered accidents by a selected multiplier. The calculator reports extra accidental payout separately from base coverage. Critical illness adds a lump sum benefit that can support medical costs. Child term uses a flat per child cost and displays per child coverage. Disability income models a monthly benefit with a waiting period that changes price.
Rider pricing rises with age bands because expected claims increase. Longer terms slightly increase rider cost using a term factor. Smoker status adds a consistent risk factor across selected riders. For sensitivity testing, change age by five years and compare the rider total line.
Start with your base premium and coverage, then toggle one rider at a time. Reduce critical illness benefit in ten thousand steps, or increase disability waiting period from thirty to ninety days to lower cost. If return of premium is selected, the model adds a fixed markup to illustrate higher pricing. Recalculate after each change and export CSV for comparison.
CSV export captures inputs and totals so you can share assumptions with an advisor. The PDF option prints a report that includes premium summary and rider breakdown. Use policy documents to confirm exclusions, eligibility rules, and benefit triggers. When comparing insurers, keep benefits constant, then replace base premium with each quote to standardize evaluation.
No. It provides an educational estimate using simplified factors. Real premiums depend on underwriting, rider definitions, health class, state rules, and carrier pricing. Always confirm final terms with your insurer or advisor.
Many riders price higher as age increases because the probability of certain claims rises. The calculator applies age bands to reflect that pattern, so you can compare scenarios and understand the direction of change.
Start with out of pocket exposure and income needs during recovery. Test several benefit levels, then check the premium impact. Keep it aligned with savings, employer coverage, and emergency funds.
A longer waiting period usually lowers cost because benefits start later. Use the drop down to compare thirty, sixty, ninety, and one eighty days. Match the wait to your cash reserves and sick leave.
No. It typically pays an additional amount only for qualifying accidents under the rider terms. The calculator shows the extra accidental payout separately so you can see the incremental protection.
Use CSV to record scenarios, compare rider mixes, and share numbers. Use PDF to print the results card and keep a snapshot with your planning notes. Both outputs are based on your latest calculation.