Whole Life Insurance Cost Calculator
Last updated: November 5, 2026
Estimate whole life insurance premiums and a simplified projected cash value using editable premium and accumulation assumptions.
Starting figures illustrate this model. Enter your own measurements, quoted costs and applicable terms; this page does not retrieve live prices or provider rates.
Estimated monthly whole life premium
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- Estimated annual premium: —
- Total premiums over projection: —
- Simplified projected cash value: —
- Coverage amount: —
On this page
Quick summary: Estimate whole life insurance premiums and a simplified projected cash value using editable premium and accumulation assumptions.
Read the complete guide
Updated reference sections in this guide are in English.
What this calculator estimates
Estimate whole life insurance premiums and a simplified projected cash value using editable premium and accumulation assumptions.
How to use it
Enter Coverage amount ($); Annual premium rate per $1,000 ($); Annual policy fee ($); Projection period (years); Premium portion accumulating cash value (%); Estimated annual cash-value growth (%). Select Calculate to update the results.
How the calculation works
The premium estimate uses coverage and an entered rate per $1,000. The simplified cash-value projection treats a selected premium share as an annual contribution growing at the entered rate.
Worked example: starting scenario
| Coverage amount ($) | 250000 |
|---|---|
| Annual premium rate per $1,000 ($) | 8.5 |
| Annual policy fee ($) | 120 |
| Projection period (years) | 20 |
| Premium portion accumulating cash value (%) | 55 |
| Estimated annual cash-value growth (%) | 3.5 |
| Estimated monthly whole life premium | $187.08 |
|---|---|
| Estimated annual premium | $2,245.00 |
| Total premiums over projection | $44,900.00 |
| Simplified projected cash value | $34,918.34 |
| Coverage amount | $250,000.00 |
Important limitations
Whole life policies include guarantees, expenses, dividends, surrender charges and underwriting features not captured here. Use an official policy illustration before making a decision.
Premium budgeting and cash-value illustrations are different
Use an insurer’s quoted annual rate per $1,000 of coverage; the starting rate is a demonstration, not an underwriting result. The accumulation output is the future value of a hypothetical share of annual premiums deposited at each year end. It is not an insurer’s guaranteed cash value, surrender value or dividend illustration. The model now requires whole projection years to match those annual deposits. If the assumed growth is zero, allocated contributions simply add up; a tiny positive rate must not make them disappear.