Term vs Whole Life Calculator
Term vs Whole Life Insurance Calculator
Age
Coverage Amount ($)
Term Length (Years)
10 Years
20 Years
30 Years
Whole Life Dividend Rate (%)
Cash Value Growth (%)
Years to Compare
Compare Policies
Reset
Term Life (Annual Premium)
$450
Total 20-year cost:
$9,000
Whole Life (Annual Premium)
$4,200
Cash value after 30 years:
$165,000
Net Cost Difference
$76,000
Whole life is
more expensive
Feature
Term Life Insurance
Whole Life Insurance
Annual Premium
$450
$4,200
Total Cost (30 years)
$13,500
$126,000
Cash Value (30 years)
$0
$165,000
Net Cost (Premium - Cash Value)
$13,500
-$39,000
Coverage Duration
Temporary (10-30 years)
Lifetime