Whole Life Insurance Calculator

One of the most useful tools online for insurance shoppers is the whole life insurance calculator. These handy online devices can tell you how much coverage you need and how much you can expect to pay. The first thing you need to do is locate the right calculator as there are a variety of them online. Any major search engine like Google or Yahoo can lead you to listings of sites that feature life insurance calculators. Even if you don't have a lot of Internet experience you can easily use one of these online calculators.

You will have to answer questions relating to life insurance. For example you may be asked if you have a 401k plan or other retirement account. One reason for this is because whole life insurance can be used as an investment vehicle. There are different types of whole life insurance such as variable and universal policies that can gain cash value. Every cent you put in above your premium will be invested into conservative bonds and mutual funds. However with a variable policy you have more investment choices like stocks and you can choose where your money goes.

A calculator may ask you about your current financial situation. Actually, some of these calculators could better be described as questionnaires. For example, Bankrate asks a variety of different questions including how would you best describe your investment strategy and what you do with leftover money after your bills are paid. The Bankrate calculator is multiple choice, you just select the answer that is most like you.

After you've completed the steps required by the whole life insurance calculator that you've chosen, you will be presented with a figure. This figure will represent how much life insurance you need and what your estimated cost may be. If you are paying annual premiums you can calculate what your payment will be each year. You may also decide to pay monthly premiums if annual premiums do not appeal to you. You should know that calculators and free quotes offered online are basic tools that do not replace the services of an insurance agent. Once you've decided upon a whole life insurance policy or even have a basic idea of what you want, an agent can lead you through the application and policy activation process.

 

 

Life Insurance News:

 

Life Insurance vs. 529 Plan for College Saving
Paying for a college education has become increasingly difficult as the costs of college continue to increase. Today, Section 529 plans seem to be the tool of choice to pre-fund money for college education. This article outlines the pros/cons of 529 Plans and Life Insurance...


Life Insurance Premium Financing Specialists Announce the Availability of an Internet Website Resource
TROY, Mich., Jan. 27, 2012 /PRNewswire/ -- The owners of American Premium Finance today announced the availability of their online resource site dealing with life insurance premium financing. This site, ...


Fitch Affirms Thrivent Financial for Lutherans' IFS Rating at 'AA'; Outlook Stable
Fitch Ratings has affirmed the ratings of Thrivent Financial for Lutherans and its subsidiary, Thrivent Life Insurance Company , collectively referred to as Thrivent hereafter...


Ocean Life to boost its corporate bond investments - The Nation

Ocean Life to boost its corporate bond investments
The Nation
Despite volatile market conditions, Ocean Life Insurance is aiming for a high 6.2-per-cent return on investment this year on the back of expanded corporate bond and mortgage portfolios. Company president Nusara Banyatpiyaphod said the firm's goal is to .

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When is the right time to take life insurance cover? - Business Daily Africa

Business Daily Africa
When is the right time to take life insurance cover?
Business Daily Africa
Despite your financial situation, life insurance is necessary at all times as a risk management mechanism against uncertainty. Usually, insurance covers are part of financial plans taken to safeguard one or his estate or dependants against any loss .

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Life insurance premium mop-up dips
Life policy issuances shrink 11% in April-December; premium collection by general insurers rises 24%...


Life Insurance Premium Financing Specialists Announce the Availability of an . - MarketWatch (press release)

Life Insurance Premium Financing Specialists Announce the Availability of an .
MarketWatch (press release)
27, 2012 /PRNewswire via COMTEX/ -- The owners of American Premium Finance today announced the availability of their online resource site dealing with life insurance premium financing. This site, put together by premium financing specialists, .

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Indian insurance plans attract investors - gulfnews.com

gulfnews.com
Indian insurance plans attract investors
gulfnews.com
By Manoj Nair, Associate Editor Recent changes have helped make India the cheapest market in Asia for life insurance, HDFC's Anup Rau says. Dubai: It is taking its time, but there seems to be a recovery of sorts in Indian investor interest in life .
Govt forms four panels to set insurance industry normsLivemint

all 3 news articles »
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The basics of variable annuities - Aiken Standard

The basics of variable annuities
Aiken Standard
By GREG ROBERTS Columnist Early in my career, I worked for a life insurance company that manufactured and distributed the first commercially available variable annuity in the United States. The first variable annuity was introduced by the Teachers .
Money & the Law: Agreement targets delay in death benefitsColorado Springs Gazette

all 3 news articles »
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Asian Life Insurance barred from selling policies, settling claims - Republica

Asian Life Insurance barred from selling policies, settling claims
Republica
KATHMANDU, Jan 30: The Insurance Board (IB) has halted business transactions of Asian Life Insurance Company after it was found breaching the insurance sector regulatory bodys instruction on dividend distribution. The board of directors of the .

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Life insurance: Do you need it?
At some point in your life, you'll probably be faced with the question of whether you need life insurance. Life insurance is a way to protect your loved ones financially after you die and your income..


Insurance for small business in case the unthinkable happens - The Tri-City News

Insurance for small business in case the unthinkable happens
The Tri-City News
In addition to disability insurance, other types of coverage for small business owners and partners include life, partnership or buy-sell, critical illness, and key person. Life insurance protects the business owner's family in the event of death, .

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Accenture Receives Industry Awards for its Life Insurance Policy Administration Software Solution
Accentures life and annuity insurance policy administration software, the Accenture Life Insurance Platform, received two XCelent Awards in Celents latest report titled EUREMEA Policy Administration Systems 2011: Life and Pension ABCD Vendor ViewEUR1...


Police: Funeral Director who Left Body in Hearse Took Life Insurance Money
A former Graham funeral director who left a body in a hearse for nine days has been accused of taking a woman's life insurance money after her husband's death...


Life industry premium dips 17%
Premium from sale of new life insurance policies in the first three quarters of FY 2010-12 has dropped 17% to Rs 71,953 crore from Rs 86,698 crore...


Life Insurance Quotes Searched By Younger Americans - WebWire (press release)

Life Insurance Quotes Searched By Younger Americans
WebWire (press release)
Choosing the right life insurance policy is often a daunting decision faced by older Americans. However, that decision is starting to come at a younger age as more young Americans find that they need to have the right kind of life insurance.

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Police: NC funeral director took life insurance money from woman paying for . - The Republic

WFMY News 2
Police: NC funeral director took life insurance money from woman paying for .
The Republic
AP RALEIGH, NC EUR A former North Carolina funeral director who left a body in a hearse for nine days has been accused of taking a woman's life insurance money after her husband's death. The Times-News of Burlington reports (http://bit.ly/Aw0tYG ) that .
Police: Funeral Director who Left Body in Hearse Took Life Insurance MoneyMy Fox 8
Funeral director who lost license faces false pretenses chargeBurlington Times News

all 18 news articles »
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Remembering that a house is a home, and finding cheap insurance - STLtoday.com

Remembering that a house is a home, and finding cheap insurance
STLtoday.com
Brittanie Williams | BWilliams@post-dispatch.com Let's answer a couple of reader questions on the housing market and life insurance. My husband and I are in our late 50s. We've been in our present home for over 30 years. We have an outstanding mortgage .

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Life insurance: Is term life always enough?
Most families are better off buying cheap, straightforward term insurance, but there are situations where universal or whole life policies make sense...


Genworth Life Insurance Company Announces Satisfaction of the Minimum Tender Condition of its Tender Offer for all of .
RICHMOND, Va., Jan. 20, 2012 /PRNewswire/ -- On December 9, 2011, Genworth Life Insurance Company (the "Company") announced that it had commenced a cash tender offer to purchase (the "Offer") ...


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