Cost / 100k coverage
$144
Total premium over pay term
$18,000
Coverage / annual premium
694×
Insurance & Protection Tools
Insurance Policy Comparison Workspace
Compare up to six policies using the details that matter beyond headline premium: coverage, term, payment period, normalized cost, riders, exclusions, waiting periods and your own review notes.
Comparison workspace
Compare policy structure, not just premium
Add up to six policies and normalize annual premium against coverage so differences are easier to inspect. Enter riders, exclusions and policy notes alongside the numbers.
Policies
2
Lowest annual premium
Plan A · $720
Highest coverage
Plan B · $650,000
Lowest cost / 100k
Plan B · $135
Policy inputs
Select a card to inspect its detailed terms below.
Cost / 100k coverage
$135
Total premium over pay term
$22,000
Coverage / annual premium
739×
Selected policy
Plan A
Transparent differences
These are mathematical differences only; they are not quality rankings.
| Plan | Coverage | Annual premium | Cost / 100k | Policy term | Payment term | Total premium | Riders | Exclusions |
|---|---|---|---|---|---|---|---|---|
| Plan AInsurer 1 | $500,000 | $720 | $144 | 25 yrs | 25 yrs | $18,000 | Accidental death | Review policy wording |
| Plan BInsurer 2 | $650,000 | $880 | $135 | 25 yrs | 25 yrs | $22,000 | Critical illness | Review policy wording |
Coverage difference
+30.0%
Annual premium difference
+22.2%
Cost / 100k difference
-6.0%
Keep the comparison
Export or save the workspace
Keep a CSV, printable PDF-style report or reusable FormatForge project file. No account is required.
Sample comparison loaded.
Comparison math is not a recommendation
A lower premium or lower cost per unit of coverage does not make a policy better. Definitions, underwriting, exclusions, waiting periods, riders, claims terms, renewability, taxation and regulation can differ materially. Verify current policy documents and seek appropriately qualified advice where required.
Normalize the numbers
Why premium alone is not enough
Two policies can have different coverage amounts, payment periods and policy terms. FormatForge therefore calculates annual cost per 100,000 units of coverage and total entered premium over the payment period. Those calculations make numerical differences easier to inspect without pretending that cheaper means better.
Review qualitative terms
Keep policy wording beside the calculation
Riders, exclusions, waiting periods, renewability and special conditions can materially change what a policy provides. The workspace keeps these user-entered notes next to the numbers so the comparison is not reduced to a price table.
Frequently asked questions
What does the Insurance Policy Comparison Workspace compare?
It compares user-entered coverage, annual premium, policy term, premium-payment term, total premium over the entered payment period, normalized annual cost per 100,000 units of coverage, riders, exclusions, waiting periods and notes.
Does the tool recommend the cheapest or best policy?
No. It highlights mathematical differences but does not rank policy quality or recommend an insurer. A lower premium or lower normalized cost can come with different definitions, exclusions, underwriting, riders and claims terms.
What is cost per 100,000 coverage?
It is annual premium divided by coverage measured in units of 100,000. It helps normalize premiums when policy coverage amounts differ, but it should never be used by itself to decide which policy is suitable.
Can I compare policies in different currencies?
You can enter different currencies, but FormatForge does not perform exchange-rate conversion in this workspace. When currencies differ, the interface warns that normalized cost comparisons are not directly comparable.
Can I save my comparison?
Yes. You can download CSV, print/save a PDF-style report, copy a text summary, or save a local FormatForge project JSON file and reload it later.
Is the comparison stored on a server?
The current comparison workspace is designed to calculate and manage the entered policy details in your browser. The optional project file is downloaded to your device.
Insurance workflow
Plan, compare, then organize documents
Estimate a protection range with the Term Insurance Needs Planner, compare policy details here, then use the Claim or KYC document workspaces when document preparation is needed.