Finance

Whole Life Insurance Calculator

Built by Kevin Glover · @gloverbuilds · Verified formula

Compare whole life vs term + invest the difference. Cash value projection. Free calculator.

📅 Updated April 2026 ✅ Formula verified 📖 4 min read 🆓 Free · No sign-up

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How to Use This Calculator
Tips for Best Results

Compare

Term ₹1Cr: ₹500-1,500/month। Endowment ₹1Cr: ₹8,000-15,000/month — 10× costlier! Endowment returns: 4-5%। Nifty 50 SIP: 12-15%। Term + SIP = ALWAYS better. LIC endowment: Indias most mis-sold product।

Rule

Term for insurance + SIP for investment = optimal. Never mix insurance and investment。

⚡ CalcWolf Insight

Dave Ramsey and Suze Orman both recommend term over whole life for 95%+ of families. The exception: high-net-worth estate planning using irrevocable life insurance trusts — irrelevant to most households.

Frequently asked questions

Term or endowment?▾

ALWAYS term + SIP। Endowment: 10× costlier, 3× worse returns。

LIC endowment?▾

Indias most mis-sold product. 4-5% returns vs 12-15% equity MF。

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Kevin Glover · @gloverbuilds

Founder, CalcWolf · GLVTS · Blickr

All formulas sourced from primary references — IRS publications, peer-reviewed research, and official standards. Results are tested against independent reference calculators before publishing. Rates and brackets updated when official sources change. Editorial policy →