Policy Comparison Calculator

Whole Life Banking – Comparative Illustration Calculator

Educational illustration engine: baseline policy values vs. the same policy with policy loans + higher-rate repayment treated as PUAs (split between Cash Value and Death Benefit). Not a quote, not actuarial, not a guarantee.

Inputs

Readable • Stacked

Policy Assumptions Core

Start age

Projection years

Annual premium / outlay ($)

Pay years (7-Pay default)

Base CV growth rate (guaranteed-style, %)

Dividend add-on (illustrative, %, can be 0)

Starting death benefit multiplier (× annual outlay)

Death benefit growth rate (base, %)

Quick guidance: Base DB is often set high enough to keep the policy non-MEC while maximizing early CV access. Your PUA split and DB multiplier below control how “extra repayments” translate into CV and DB increases.

PUA & Death Benefit Settings Required

PUA to Cash Value (%)

PUA to Death Benefit (%)

Death Benefit Multiplier (× on DB-allocated PUA $)

Enforce CV% + DB% = 100% Yes No (use as entered)

Over-repayment (your repay rate − loan rate) is treated as PUAs. You choose the split between Cash Value and Death Benefit.

Loan Cycle (Policy loan + higher repayment)

Loan start year (1 = first year)

Loan amount ($)

Policy loan rate (%)

Your repay rate (%)

Loan term (years)

Repeat every N years (0 = one loan only)

Number of cycles (if repeating)

Loan recognition Non-Direct Recognition (CV growth unaffected) Direct Recognition (reduce dividend on loaned %)

If your repay rate is higher than the loan rate, the difference is applied as PUAs each repayment year — increasing BOTH CV and DB (per your settings).

Educational model: CV grows by (base + dividend) on prior-year CV plus deposits while paying. Loans do not “spend” CV; they create an outstanding balance. Direct recognition reduces only the dividend portion proportional to loaned %.

Results

Baseline vs Loan Strategy

Baseline (Controlled – no loans)

With Loan Cycles (Loans + Higher-Rate Repayment + PUA)

Reading it: “Annual Loan” is positive when the loan is taken, then negative during repayment (cash flow out). “Gross Interest” is policy loan interest due at the policy loan rate. “PUA from Over-Repay” is the extra interest you chose to pay (repay rate − loan rate), applied to PUA and split into CV/DB.