Cash Value Life Insurance Calculator Tool Information

The cash value life insurance calculator gives you a simplified estimate of how your cash value might grow over time. Before you use this insurance calculator, Remember this: its basic insurance calculation tools should not be used for making financial decisions.

Here’s a breakdown of the tool and what you can expect:

What it Does:

• This calculator estimates your potential cash value growth for a cash value life insurance policy (e.g., whole life, universal life) over a set number of years (currently set at 20 years).
• life insurance calculator considers factors like your age, desired death benefit, annual premium payment, and interest rate.

How to Use the Tool:

1. Enter your current age.
2. Specify your desired death benefit amount (the payout to your beneficiaries upon your passing).
3. Input your annual premium payment amount.
4. Enter the estimated interest rate offered by the policy (as a percentage, e.g., 3 for 3%).
5. Click the “Calculate Cash Value” button.

The Result:

• The tool displays an estimated cash value after the set projection period (currently 20 years).