Get a free, instant term life insurance quote.
Lantern offers term life insurance made easy.
Forget the doctor and medical exams. Apply entirely online in about 10 minutes by answering some simple questions. It’s that easy.
Rates start as low as $11 a month. Once approved, just sign, pay and you’re covered.
It can feel good knowing you’ve taken an important step to help protect your family’s financial future.
Lantern helps you protect what matters most.
Mortgage or rent payments
Tuition, school fees, etc.
Vehicles, family vacations, and more
Pre-school, sitters, or summer camps
Find the right coverage at the just-right price.
Rates shown based on a healthy, non-smoking, 35-yr old woman.
Quote reflected is an example. Your actual premium will be determined by underwriting review.
How much life insurance do I need?
Methodology statement
Term life insurance coverage can be an important part of your financial planning, but how much coverage should you be looking for?
Our licensed insurance agents often recommend starting by multiplying your annual income by the number of years for which you’d like to replace that income.
Everyone’s needs are different and in doing your own research, you may find financial experts and insurance agents who recommend multiplying income by anywhere from 5x to 12x. For this calculator, we chose a multiplier of 6x.We have an ethical obligation not to recommend more coverage than we think a person needs or can reasonably afford.
We believe 6x helps determine a reasonable coverage starting point for most of our applicants who are looking to cover funeral expenses and create a financial pad for things like housing, bills, and the day-to-day costs of life.
It’s important to underscore again that everyone’s needs are different, and that the number generated by this calculator is an estimate only. Life insurance can be a big decision, and we encourage you to reach out to a financial advisor or a licensed insurance agent if you have more questions.
Families everywhere trust Lantern.
Simple online application for fast, affordable coverage
30-day free-look period
Part of Sammons® Financial Group — member companies have been protecting families for over a century
Got questions?
You're not alone. We get questions all the time.
Term life insurance is cheaper than whole life insurance. It provides coverage for a specific length of time (this is called a “term”) at a level premium (meaning the price doesn’t change) throughout the life of the policy. Whole life insurance covers you for life as long as you pay the premium, and includes a cash value component. Because the death benefit is guaranteed for your life, whole life is more expensive than term insurance.
To start a quote, simply click here. We’ve created a simple, online quote tool where you can get started. Enter your gender, birthdate, height, weight, and state of residence, to receive an estimate. If you like what you see, you can continue to apply.
As fast as 5 minutes! We’ve worked hard to make the application process quick and seamless so apply today.
Of course! We have Customer Care Advisors available to assist you with any questions or concerns that you may have. Give us a call at 1-800-835-8803, M-F 8am-5pm CT.
Get coverage today, if approved.
It really is that easy.
