Funeral Plan Comparison Calculator

Funeral Plan Comparison Calculator helps Compare two everyday planning options using upfront cost, recurring cost, and time horizon assumptions.

Monthly payment
3.3 manwon (₩33,000)
Installments
90
Mid-term loss
29.7 manwon (₩297,000)
Opportunity cost
32.6 manwon (₩326,000)

Total payment

297 manwon (₩2,970,000)

Market value estimate

382.5 manwon (₩3,825,000)

129% value ratio

Refund estimate

118.8 manwon (₩1,188,000)

80% refund rate

Savings alternative

329.6 manwon (₩3,296,000)

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Funeral plan comparison calculator guide

This English page translates the Korean prepaid funeral-service comparison calculator and calls getPlan, calculateValueAnalysis, calculateRefund, calculateSavingsInterest, calculateSavingsTotal, calculateInsuranceSurrender, and calculateThreeWayComparison. It preserves company plans, 100/200/300/500 manwon classes, market-value estimates, refund-rate table, savings alternative, insurance surrender, and consumer-protection context.

Plan value analysis

The source compares total payment with an estimated service market value by plan grade. Grade 100 uses a market-value range around 80 to 120 manwon, grade 200 around 185 to 270 manwon, grade 300 around 305 to 460 manwon, and grade 500 around 655 to 1,045 manwon.

Value ratio is market value divided by total payment. Opportunity cost is calculated by simulating the same monthly payment in a deposit-style savings product with the default bank rate.

Cancellation refund schedule

The source refund table applies 100% after the first payment only, 90% before 25% of installments, 85% from 25% to under 50%, 80% from 50% to under 75%, 75% from 75% to before completion, and 70% after full payment.

The calculator returns total paid, progress rate, refund rate, refund amount, loss amount, and loss rate. This is a consumer-dispute baseline, not a guarantee for every individual contract wording.

Three-way comparison

The three-way comparison evaluates prepaid funeral service, life insurance, and savings. Savings uses monthly deposit, term, annual rate, and 15.4% interest-income tax unless tax-exempt mode is selected. Insurance uses surrender-rate assumptions over paid years.

Consumer-protection notes in the Korean source include 14-day cooling-off, at least 50% preservation of customer advance payments, and complaint routes such as consumer agencies and fair-trade authorities.