Term vs Whole Life Insurance Simulator

Instructions: Enter your current age, the monthly premium amounts for both term and whole life insurance, and the coverage amount. Adjust the term duration, growth rates, and admin fee percentage as desired. Click Calculate to view the projected benefits over time, and click Clear to reset all fields and the chart.

Note: The simulator assumes that from year 10 onwards, all administration/miscellaneous fees associated with the product would have been paid for. Furthermore, the Cash Value Growth Rate value should be net off fund annual expense. Do check with insurer on the Growth Rate assumption to be applied.

Current Age:
Monthly Term Premium ($):
Monthly Whole Life Premium ($):
Coverage Amount ($):
Term Duration (Years):
Cash Value Growth Rate for Whole Life (%):
Rate of Return for Term Insurance Investment (%):
% of Premium for Whole Life Admin Fees (First 10 Years):
Calculate Clear

Results