Insurance & Planning
Whole Life Insurance Calculator
Calculate premium, cash value growth, and death benefit for whole life insurance.
🛡️ Policy Details
Death Benefit
$
Annual Premium
$
Annual premium payment
📈 Growth & Returns
Cash Value Growth Rate
%
Annual cash value growth rate
Policy Term (Years)
Years to project
🏦 Withdrawals & Loans
Annual Withdrawal
$
Withdraw from cash value each year
Policy Loan
$
One-time loan against cash value
Cash Value
0%
Final Cash Value
$0
after term
Total Premiums Paid
$0
Cash Value at Term
$0
Total Withdrawals
$0
Net Cash Value
$0
📊 Yearly Projection
| Year | Premium | Cash Value | Withdrawal | Net Cash |
|---|
How the formula works
Cash Value = (Cash Value + Premium) × (1 + Growth Rate) − Withdrawal − Loan Interest
- Cash Value = Accumulated savings component of the policy
- Premium = Annual payment made to the policy
- Growth Rate = Annual return on cash value (typically 4-6%)
- Withdrawals = Amount taken from cash value each year
- Policy Loan = One-time loan against cash value (reduces death benefit)
- Death Benefit = Amount paid to beneficiaries (reduced by loans)