Calculator: Term vs. Whole Life Insurance: Which One Is Right for You?

Life insurance is one of the most important financial decisions you’ll ever make — but with so many options, it’s easy to feel overwhelmed. Should you go with an affordable term policy or invest in a whole life policy that builds cash value?

This simple, free calculator helps you compare both side-by-side in seconds. Whether you’re protecting your family, planning your legacy, or exploring the Infinite Banking Concept, this tool will show you how the numbers really stack up.

💡 How to Use the Calculator

Just enter:

• Your desired coverage amount
• The length of your term policy
• Your annual premium estimates for both term and whole life
• An expected annual growth rate for the whole life policy

Then click Compare to see:

• Total cost of term vs. whole life over the same period
• Projected cash value accumulation for whole life
• A better understanding of what fits your goals and budget

🧠 Which Policy Makes More Sense for You?

• Term Life Insurance is typically more affordable and great for short-to-medium needs like income replacement, mortgage coverage, or raising children.
• Whole Life Insurance comes with higher premiums but builds cash value you can borrow from — making it a long-term wealth-building tool.

If you're considering becoming your own bank or exploring infinite banking, whole life might be a strategic asset.

🛠️ Ready to Make a Confident Decision?

Use this calculator to crunch the numbers — then speak with a trusted insurance advisor or financial coach who can tailor a plan to your life.

Want a free consultation on how to use life insurance as a financial tool? [Book a discovery call here] (link to your booking page).