A whole life insurance premium calculator may be used to determine your monthly premiums when you purchase a whole life insurance policy. Some may wonder how whole life insurance premiums are calculated since they may typically be higher than term life insurance premiums. Whole life insurance premiums may be based on expected interests rates determining by the insurance company. The monthly premiums may change from one year to the next to adjust to the changing interest rates.

Similarly to term life insurance, whole life insurance premiums may be figured using the coverage amount, policy holders’ age and current health status as determining factors. While term life insurance may take the total amount of premiums needed and divide them by the number of months in the policy, whole life insurance premiums may be recalculated each year. Each year when the whole life insurance premium calculator may be used to refigure the whole life insurance premiums, the excess amount the policy holder may have paid is separated as cash value.

Whole life insurance premium calculator may be found online, allowing you to figure out whole life insurance premiums. For more information on whole life insurance premium calculator, read  “Calculating Life Insurance”.  For more information on whole life insurance and whole life insurance premiums, read life insurance cover. Each of these articles offer valuable information regarding life insurance and premiums.

For a free, no-obligation quote on whole life insurance, go to quote form. Fill out the simple form and you may be provided with your quote.