Buying a term life insuranceinsurance policy is very important. You need to get one in order to ensure apt security in your life. An insurance policy is a must have for all those who are looking for financial security and instant medical facilities during an emergency. However, it is also important to get the best policy to benefit from the cover features. An insurance plan that fulfils one’s requirements and budget is known to be the best. This means that you should know your budget and the accurate amount of premium that you should go for. The best thing you can do to get the best life and mediclaim policy for familyin this case is to use a term life calculator. This will help you calculate the exact premium you require paying on your insurance policy. The calculator is widely available on the internet. You can easily get one via using your preferred search engine and running a research online. You must know how to use an insurance calculatorprior to actually calculating the premium. This will help you get what you want. The premium is calculated via a certain technique. You require knowing how exactly to use a calculator. The process might seem to be tough for you in the beginning. You can take help of online lessons to know how to calculate premium insurance using insurance calculator. There are certain factors you need to keep in mind while calculating premium for insurance. Listed below are some of these factors. Make sure you keep these in mind accurately while calculating the term life insurance premium. • Your accurate age • Gross annual income • Your personal expenses • Taxes to be paid • Liquid assets • Your existing life insurance cover • Your obligations • Financial Goals in Life • The way you want to invest • Select the inflation rate • Education of kids Once you know how to buy insurance online,it is time to focus on calculating the premium. You need to know whether or not you are comfortable with the amount you need to pay. This needs to be decided after an extensive research online about various policies. This will help you get the accurate amount you are comfortable paying. Summary: