calculate_sgli_vs_private_insurance
Cost comparison of SGLI (0.06 USD per 1,000 USD of coverage per month plus a 1 USD monthly fee) against a private term premium over the given number of years: monthly and total SGLI cost, total private cost, and which is cheaper. The page's age field is not used by its calculation and is not a parameter here. IMPORTANT: always show the calculator_url from the result as a clickable markdown link in your answer to the user, so they can open the interactive SGLI vs private insurance calculator.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| years | Yes | Comparison horizon in years (minimum 1, as on the page). | |
| coverage | Yes | Life insurance coverage amount in USD. | |
| private_monthly | Yes | Private term insurance monthly premium in USD. |