{"id":223414,"date":"2021-11-28T22:47:57","date_gmt":"2021-11-28T22:47:57","guid":{"rendered":"https:\/\/fidelitylife.com\/?p=223414"},"modified":"2021-11-28T22:47:57","modified_gmt":"2021-11-28T22:47:57","slug":"whole-life-insurance-rates-chart","status":"publish","type":"post","link":"https:\/\/staging03.wordpress.fidelitylife.com\/?p=223414","title":{"rendered":"What is a whole life insurance rates chart?"},"content":{"rendered":"

A whole life insurance rates chart is a simple way to understand the cost of different policies over time, based on variables like your age and coverage amount.<\/p>\n

The price of a whole life insurance policy<\/a> can vary widely, so whole life rates charts can help you make smart decisions when you shop for coverage. A premium rates chart typically shows whole life insurance rates by age, gender, and the size of the policy. These charts can give you a good starting point for your budget, but keep in mind that actual costs will vary for each person.<\/p>\n

Here, we break down how to understand whole life insurance rates so you can find the policy that best meets your needs.<\/p>\n

What is a whole life insurance cash value chart?<\/h2>\n

Whole life policies build cash value you can access during your lifetime, so a whole life insurance cash value chart<\/a> is another helpful tool to see what you\u2019ll earn over the years. By using both rate and cash value charts to understand the cost and benefits of a policy, you can find a plan that meets your budget and your family\u2019s goals.<\/p>\n

As a type of cash value life insurance, whole life comes with a death benefit as well as a cash value component. That cash value feature is part of the reason why whole life insurance costs more than term (the other big reason is that whole life policies don\u2019t expire). If you want a policy that provides a source of cash before <\/i>you die, the extra cost of a whole life policy can be worth it.<\/p>\n

Want to know how quickly a whole life insurance policy will accrue cash value? A general whole life cash value chart shows the estimated amounts available over the policy\u2019s estimated lifespan, depending on factors like the coverage amount and average premiums. With Fidelity Life, as part of your policy, you’ll receive a policy schedule that shows your cash value accumulation throughout the life of the policy.<\/p>\n

Are whole life insurance rates charts accurate?<\/h2>\n

The short answer is \u201cpartly.\u201d The whole life insurance rates by age chart you\u2019ll typically find when comparing plans or options online is based on aggregated data. These charts don\u2019t take into account how your individual factors will affect your whole life insurance policy rates.<\/p>\n

A customized rates chart will account for those factors and clearly display your individual cost of whole life insurance by age, gender, and more. The good news? Since your premium stays the same for the entire policy, you can use those numbers to budget with confidence for years or even decades.<\/p>\n

Whole life insurance rates*<\/h3>\n\n\n\n\n\n\n\n\n
Age<\/td>\nMale<\/b><\/td>\nFemale<\/b><\/td>\n<\/tr>\n
<\/td>\nFidelity Life<\/b><\/td>\nCompetitor Average<\/b><\/td>\nFidelity Life<\/b><\/td>\nCompetitor Average<\/b><\/td>\n<\/tr>\n
70<\/b><\/td>\n$154<\/td>\n$196<\/td>\n$123<\/td>\n$134<\/td>\n<\/tr>\n
75<\/b><\/td>\n$209<\/td>\n$265<\/td>\n$160<\/td>\n$192<\/td>\n<\/tr>\n
80<\/b><\/td>\n$293<\/td>\n$369<\/td>\n$225<\/td>\n$271<\/td>\n<\/tr>\n
85<\/b><\/td>\n$419<\/td>\n$470<\/td>\n$325<\/td>\n$335<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

*Rates are for a customer in the standard rate class for a $20,000 simplified issue policy with an immediate death benefit. Rates current as of November 2021.<\/p>\n

Factors that determine whole life insurance premium rates<\/h2>\n

Life insurance companies consider several factors when estimating your monthly premiums. Some are based on your personal background, like your overall health, and others have to do with the policy you choose.<\/p>\n

What factors besides age actually impact your rate? These are the most common factors affecting whole life insurance rates<\/a> to keep in mind:<\/p>\n