Ireland version
How it works
Compare transparent cash-value scenarios using equal coverage needs and an actual guaranteed policy illustration.
This is the Ireland planning view, with monetary inputs and outputs in EUR. A currency label does not establish that a tax rate, construction price, coverage rule or legal limit has been verified locally. The inputs and limitations below describe the actual scope.
Input query strings and outputs
Use an input name in this page’s URL as ?name=value, and join additional inputs with &. Portable shared links may instead use the compact ?ac= state parameter.
Input query strings
6-
?termAnnual=Comparable term annual premiumMoney · Required · Default: 700
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?wholeAnnual=Comparable whole-life annual premiumMoney · Required · Default: 6,000
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?years=Comparison horizon, yearsNumber · Required · Default: 20
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?investmentReturn=Assumed net investment returnPercentage · Required · Default: 4
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?guaranteedCashValue=Illustrated guaranteed cash surrender value at horizonMoney · Required · Default: 90,000
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?surrenderCharges=Charges not already deducted in cash valueMoney · Required · Default: 0
Outputs
4-
annualDifferenceAnnual premium differenceCurrency · Currency: EUR
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investedDifferenceValue of end-year invested premium differencesCurrency · Currency: EUR
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netCashValueEntered net guaranteed cash valueCurrency · Currency: EUR
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differenceInvested difference minus net cash valueCurrency · Primary output · Currency: EUR
Formula
invested difference = sum of equal annual premium differences accumulated from each year end at the entered return.
Calculations retain numeric precision internally. Displayed values are rounded for readability. Quantities that must be purchased as whole units are rounded up only where the formula explicitly requires it.
Read the inputs before calculating
- Comparable term annual premium: Enter the quantity described by the label.
- Comparable whole-life annual premium: Enter the quantity described by the label.
- Comparison horizon, years: Enter the quantity described by the label.
- Assumed net investment return: Enter the quantity described by the label.
- Illustrated guaranteed cash surrender value at horizon: Enter the quantity described by the label.
- Charges not already deducted in cash value: Enter the quantity described by the label.
Reproducible worked example
The following is a fictional arithmetic example, not a local quote, a verified claimant or a market forecast. Its values are included so the formula can be checked. The form does not automatically confirm any verification checkbox.
| Input | Example value |
|---|---|
| Comparable term annual premium | 700 |
| Comparable whole-life annual premium | 6,000 |
| Comparison horizon, years | 20 |
| Assumed net investment return | 4 |
| Illustrated guaranteed cash surrender value at horizon | 90,000 |
| Charges not already deducted in cash value | 0 |
| Output | Calculated result |
|---|---|
| Annual premium difference | EUR 5,300 |
| Value of end-year invested premium differences | EUR 157,823.8165 |
| Entered net guaranteed cash value | EUR 90,000 |
| Invested difference minus net cash value | EUR 67,823.8165 |
Interpreting a changed assumption
Start with one complete scenario and change only one input when diagnosing a difference. Recheck units, the period of every rate, whether an amount is recurring or one-off, and whether a cost is already included elsewhere. A larger calculated benefit is not evidence that an assumption is more likely to occur.
Limitations
- Use actual policy wording, quotes and jurisdiction-specific requirements. This is a planning worksheet, not a coverage recommendation, insurer quote or determination of a payable claim.
- Investment returns are not guaranteed policy values. Tax, investment volatility, insurability after the term, dividends, loans, coverage amounts and different death benefits are not assumed equivalent.
Frequently asked questions
What does this Term Versus Whole Life Scenario result represent?
Compare transparent cash-value scenarios using equal coverage needs and an actual guaranteed policy illustration. It applies the displayed formula to your inputs; it does not infer omitted facts.
Are the starting amounts verified Ireland prices or legal rules?
No. Numeric defaults are illustrative unless an input or dated reference explicitly identifies a researched component. Currency is EUR; local quotes, eligibility and unsupported rules must be entered and verified separately.
What must I check before relying on the result?
Use actual policy wording, quotes and jurisdiction-specific requirements. This is a planning worksheet, not a coverage recommendation, insurer quote or determination of a payable claim.
Can I compare or share different assumptions?
Change one assumption at a time and use the browser-local project or share controls. A shared URL contains the encoded input values; do not include information you do not wish to disclose.
Sources and reference scope
- NAIC consumer insurance resources — retrieved 2026-09-24. US coverage education. Not a quote, underwriting table or a substitute for another country’s regulator.
- NAIC insurance glossary — retrieved 2026-09-24. Terminology only; policy wording and local law govern actual coverage.
These references support only their stated scope. They are not evidence that every local rule or price needed by the master expansion has been loaded.