Whole Life Insurance Calculator
Select your age, coverage amount, and gender to see estimated premiums, projected cash value at retirement, and potential retirement income — based on a representative policy design from a mutual company.
Enter your information to see projections
These projections are estimates based on one policy design from one carrier. Whole life can be structured many different ways — paid-up additions, blending, premium funding period — and those decisions significantly affect results. Use this as a starting point, not a final number.
What the projections actually mean
The results page shows four numbers. Here's what each one tells you — and what it doesn't.
Annual premium
What you'd pay per year for this policy design. Whole life premiums are level — they don't increase as you age or if your health changes.
Cash value at 65
The projected accumulated cash value when you reach 65. This is money you own inside the policy — accessible via loans without triggering a taxable event.
Death benefit
The coverage amount you selected. In a well-designed whole life policy, this often grows over time as dividends purchase paid-up additions.
Potential retirement income
An estimate of annual tax-advantaged income available through policy loans from the accumulated cash value. This is not guaranteed — it depends on policy performance and loan terms.
The calculator shows a single scenario from a single carrier. Your actual results will depend on the carrier you choose, how the policy is structured, your health classification, and whether you fund it with paid-up additions. Small design decisions can meaningfully change cash value accumulation — often by 20–40% over a 20-year period.
Hypothetical projections for illustrative purposes only. Individual results vary based on carrier, underwriting class, policy design, premium funding, and dividend performance. Dividends are not guaranteed. Retirement income projections assume distributions via policy loans and are not guaranteed income.
Like what you see? Let's look at your specific situation.
The calculator shows one scenario from one carrier. We can show you what the numbers look like when the policy is actually designed around your age, income, and goals — and tell you honestly whether it makes sense for you.
Schedule a free callWant to go deeper before we talk?
This episode walks through how much cash value life insurance you actually need — and why the answer is different for everyone. Worth 30 minutes if you're seriously evaluating a policy.
Related reading
The calculator gives you a number. These posts explain what's behind it — and how to get more from a policy than the basic illustration shows.