Whole Life Banking Policy Calculator

Whole Life Banking – 7-Pay Example Calculator

Enter an annual premium to see an illustrative 7-pay Whole Life Banking policy. Premiums are paid for the first 7 years only. Cash value and death benefit are scaled from a sample policy and extended to 30 years with simplified growth. This is educational only, not an actual quote or guarantee.

Annual premium (money deposited)

Optional: Policy Loan & Over-Repayment

Extra interest you choose to pay above the company’s loan rate is treated as Paid-Up Additions (PUA) in the year the loan is fully repaid. PUAs boost both cash value and death benefit.

Loan year Loan amount Policy loan rate (%) Your repay rate (%) Loan term (years)

PUA & Death Benefit Settings

Extra interest is approximated as loan amount × (your repay rate − policy loan rate) × loan term. That total is treated as a one-time PUA in the payoff year, split by the percentages below. The PUA portion to death benefit is multiplied by the death-benefit multiplier to reflect life-insurance leverage.

PUA → Cash Value (%) PUA → Death Benefit (%) Death benefit multiplier (× per $1 PUA→DB)

This calculator uses simplified, non-actuarial formulas and a scaled example from a 7-pay whole life design. Real policies depend on age, health, company, product, guarantees, and dividend performance.