Whole Life Insurance Calculator
Calculate your whole life insurance coverage needs, cash value accumulation, and premium estimates. Determine optimal policy details based on your age, income, and financial goals.
Step 1: Personal Information
Understanding Whole Life Insurance
Whole life insurance provides lifelong coverage with fixed premiums and accumulates cash value that grows tax-deferred. It’s ideal for estate planning and long-term financial security.
Step 2: Financial Goals
About Cash Value Accumulation
The cash value grows tax-deferred and can be borrowed against. Dividends can be used to purchase additional coverage, reduce premiums, or be taken as cash. Growth depends on the insurer’s performance.
Whole Life Insurance Results
Estimated Annual Premium
Insurance Type Comparison
| Insurance Type | Annual Premium | Cash Value | Best For |
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Cash Value Accumulation Breakdown
Premium Calculation Formula
Premium = (Coverage × Age Factor) + (Health Factor × Base Rate)
Age factor increases with age. Health factor varies by health status. Base rate depends on coverage amount and dividend assumptions. Cash value grows through premium payments and dividends.
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