Whole Life Cash Value Calculator

Rate-book cash values (Dec 2021 edition) · Estimates between book years · Years 1–30

Client details

Sex

Issue age

Tobacco status

Death benefit ($)

Quoted monthly premium ($)

Highlight policy year

30-year projection

Cash valueNot a guaranteed cash surrender value · Not an official insurer illustration

Coverage

Quoted monthly

Cash value at age 65

Premiums paid

Important: Rows marked Rate book are the rate book's published cash values per $1,000, multiplied by your coverage amount. Rows marked Estimate are not published values: they are calculated from the rate book's own published values and may differ from an actual policy. Estimates are not guaranteed. The quoted premium is used only to calculate premiums paid; it does not change any cash value. This is not an official Globe Life illustration.

Cash values are at the end of each policy year (attained age = issue age + policy year). Premiums paid use your quoted monthly premium.

Policy year	Attained age	Cash value	Basis	Premiums paid

How these figures are produced

Rate-book values. For each issue age, sex and tobacco class, the rate book (12/2021 edition, “Cash Values Per 1000”) publishes whole-life cash values at the end of policy years 5, 10 and 20 and at attained ages 65 and 70. The rate book states these per-$1,000 values are the same for every coverage band, so they are scaled directly to your coverage. Where the rate book also prints a whole-dollar age-65 value for its own reference coverage amounts ($15,000, $30,000, $40,000, $60,000, $120,000), that printed figure is used as published.
Estimates. Every other year is an estimate. The rate book's published values follow a consistent structure (one factor that depends only on attained age and one constant for each issue age, with values below zero shown as $0), so the in-between years are calculated from the book's own published values rather than an assumed growth rate. When published values were hidden and re-estimated this way, the estimates matched them to within about $0.02 per $1,000 of coverage; the first four years for issue ages 18–21 are less certain.
Limits. Issue ages 18–64 (Whole Life Regular, coverage under $35,000, is available through age 59). Values are cash values before any loans, and assume the policy is issued and kept in force as priced. Riders, premium mode and policy changes can change actual values.