Calculators › Life insurance
Term vs whole life calculator
Whole life costs several times more than term for the same death benefit, and this compares the two once you account for investing the premium difference.
Cash value figures come from the insurer’s illustration and are usually not guaranteed.
This is an educational tool, not a quote or advice. It uses general formulas and the figures you enter. Policy terms, state rules and insurer practice vary, so check anything important with a licensed agent.
More life insurance calculators
Life insurance needs
Work out how much life insurance your family would need using the DIME method: debt, income, mortgage and education.
Income replacement
Calculate the lump sum needed to replace your income for a set number of years, adjusted for investment growth.
Human life value
Estimate the present economic value of your future earnings, the classic underwriting basis for maximum life cover.
Life insurance coverage gap
Compare the cover you already hold against what your family would need, and see the shortfall.
Final expense needs
Add up funeral, burial, medical and administrative costs to size a final expense policy.
Mortgage protection
Work out the life cover needed to clear your mortgage, and how that need falls each year.