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:

 

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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, ...


IndiaFirst Life Insurance launches Autolife - Economic Times

IndiaFirst Life Insurance launches Autolife
Economic Times
The announcement was made by Dr. P. Nandagopal, managing director & CEO, IndiaFirst Life Insurance. Mr. MD Mallya, chairman & managing director of Bank of Baroda, Mr. BA Prabhakar, chairman & managing director of Andhra Bank and Mr. Gareth Hoskin, .
IndiaFirst's new plan: Life cover and car buy at same spotIBNLive.com
IndiaFirst launches insurance plan for vehicle-buyersHindu Business Line
IndiaFirst in tie up with Varun MotorsThe Hindu

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Axa, Ace Said in Advanced Talks to Buy HSBC
Jan. 20 (Bloomberg) -- Axa SA, Europes second-biggest insurer, and Zurich-based Ace Ltd. are among final bidders for HSBC Holdings Plcs non-..


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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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...


New business income for
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Retirement income scorecard first quarter 2012: Immediate annuities - CBS News

LifeHealthPro
Retirement income scorecard first quarter 2012: Immediate annuities
CBS News
With an immediate annuity, you give your retirement savings to an insurance company, and they promise to pay you a monthly retirement income for the rest of your life, no matter how long you live. You can continue the income flow for your spouse or .
Fitch: New York Life's IFS 'AAA'LifeHealthPro
Rocky road for insurersBusiness Day

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Vantis Life Completes Third Consecutive Year of Double Digit Sales Growth - MarketWatch (press release)

Vantis Life Completes Third Consecutive Year of Double Digit Sales Growth
MarketWatch (press release)
26, 2012 /PRNewswire via COMTEX/ -- Vantis Life Insurance Company today announced record growth in new recurring life insurance sales for the third consecutive year. For the calendar year 2011, the company reported a 26% increase in sales versus 2010.

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Life insurance premium mop-up down 19% in Apr-Nov
However, premium collected by general insurers rises 24%...


When is the right time to buy
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Siam Samsung Life ready to reawaken
Siam Samsung Life Insurance Co, a Thai-South Korean joint venture, is set to raise its profile and aggressively expand its business locally now that it has completed its management restructuring...


Vantis Life Completes Third Consecutive Year of Double Digit Sales Growth - PR Web (press release)

Vantis Life Completes Third Consecutive Year of Double Digit Sales Growth
PR Web (press release)
The insurance company rating agency, AM Best, in a recent rating report noted "Vantis Life is the only bank distribution-focused life insurer that offers a full selection of easy-to-sell simplified issue and fully underwritten products from a web-based .

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Insurance: Writing fairness into policies - Cincinnati.com

Insurance: Writing fairness into policies
Cincinnati.com
Life-insurance companies all rely on EURœunderwritingEUR when providing life insurance to applicants. In recent columns I have discussed medical underwriting, that is, screening an applicant for his or her medical history and current condition.

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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..


Families, Life Insurance and Trusts
EL DORADO HILLS, Calif., Jan. 26, 2012 /PRNewswire/ -- As a parent, you understand the importance of life insurance. You've figured out how much life insurance  you need and determined the kind of policy ...


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Siam Samsung Life ready to reawaken - Bangkok Post

Siam Samsung Life ready to reawaken
Bangkok Post
Siam Samsung Life Insurance Co, a Thai-South Korean joint venture, is set to raise its profile and aggressively expand its business locally now that it has completed its management restructuring. The joint venture in which Seoul-based Samsung Life .

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MUMBAI: Premium from sale of new..


Life insurance policies should be reviewed periodically - The State Journal-Register

Bangkok Post
Life insurance policies should be reviewed periodically
The State Journal-Register
By Elaine Spencer In addition to medical checkups for physical health, there's another kind of checkup experts recommend for your financial health EUR” a review of life insurance coverage. EURœLife insurance needs will most likely change over time,EUR said .
Life insurance companies court seniorsPayson Roundup
Insurance: Seek cover, not moneyBusiness Standard
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Families,
EL DORADO HILLS, Calif., Jan. 26, 2012 /PRNewswire via COMTEX/ -- As a parent, you understand the importance of..


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