Group Life Insurance Cost Calculator
Calculate the per-employee and total cost of employer-sponsored group life insurance benefits.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Monthly Cost per Employee
$10.63
Total Annual Cost
$6,377.5
How to Use This Calculator
- Enter the number of employees in the group plan.
- Set the average annual salary and the coverage multiple (e.g., 1× or 2× salary).
- Input the insurer's rate per $1,000 of coverage (obtain from your benefits broker).
- Review the total annual group premium and cost per employee.
- Add supplemental voluntary life rates for employees who want additional coverage.
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