How Do You Calculate Life Insurance Cost? 
The fine art of calculating cost of life insurance is best done by the insurance company actuaries . My personal opinion is to purchase the needed face amount and specific time period desired and adjust the premiums based on your budget . Your loved ones wo n't care if you save $ 10 per week when you die if your face amount was cut by $ 200,000 in order to save that $ 10 . Work with an experienced independent broker and let them shop the market professionally to avoid costly mistakes . 