Whole Life Insurance Cost Calculator (2025 Rates)
Calculate premiums and visualize cash value growth for whole life insurance. See detailed projections with guaranteed and non-guaranteed values.
Policy Information
Understanding Whole Life Insurance
Whole life insurance provides permanent life insurance coverage with a cash value component that grows over time. Unlike term life insurance, whole life insurance never expires as long as premiums are paid.
Key Features
Permanent Coverage
Protection for your entire life
Cash Value Growth
Tax-deferred accumulation you can borrow against
Fixed Premiums
Premiums never increase
Guaranteed Benefits
Death benefit amount is guaranteed
Payment Options
- Whole Life: Pay premiums until age 100
- 10-Pay Life: Pay all premiums in 10 years
- 20-Pay Life: Pay all premiums in 20 years
- Paid-Up at 65: No premiums after age 65
Cash Value Uses
The cash value in your whole life policy can be accessed through:
- Policy loans (with interest)
- Partial withdrawals (may reduce death benefit)
- Full surrender (terminates coverage)
- Premium payments (if sufficient value)
Tax Advantages
- Death benefit is generally income tax-free to beneficiaries
- Cash value grows tax-deferred
- Policy loans are not taxable (if policy remains in force)
- Can be part of estate planning strategies
Dividend Options
Paid-Up Additions
Dividends buy additional coverage, increasing both cash value and death benefit
Cash Payment
Receive dividends as cash payments
Reduce Premium
Use dividends to offset premium payments