Whole life insurance cost
Have you ever thought about the true cost of whole life insurance? Sure, it promises dividends and financial security, but there’s an underlying expense. Instead of funneling money into premiums, we could invest it elsewhere for potentially higher returns. To unveil this hidden cost, we need to crunch some numbers, calculating the present value of all premiums paid against dividends received.
Sounds complex, right? But fear not! We’ve crafted a simplified calculator to reveal the cost of whole life insurance. In our calculations, we’ve factored in a 12% discount rate to account for risk. After all, we could potentially earn 12% by investing our premiums elsewhere. By referring to the Net Payment Cost Index of various policies, you can easily compare which life insurance product offers the better deal.
This Net Payment Cost Index represents the cost of a life insurance policy per Rs.1,000 of premium received, allowing for a straightforward comparison across all insurance products.
So, if you’re curious about the real cost of whole life insurance, our calculator and comparison tool can help you make an informed decision.