[New vs. Old Aolong] Aolong Prosperity VS Aolong Wealth Creation — Understand the dividends and returns of both in one article

After the Insurance Authority introduced illustrative interest rate caps of 6.5%/6% from July, China Life immediately shifted strategy and launched 傲瓏盛世, a name very similar to its flagship savings insurance product 傲瓏創富. The company describes the new product as an optimized upgrade, but 10Life found that 傲瓏創富 and 傲瓏盛世 have very different product positioning and dividend distribution, so they are suitable for different situations. This article will compare the new and old 傲瓏.

Aolong Wealth Creation is a hard-to-find savings insurance plan on the market that pays out annual bonuses, also known as the AD Plan. An annual bonus refers to the dividend the insurer distributes and pays to the policyholder each year in cash. Generally, once paid the amount will not change. Policyholders may, according to the policy terms, choose to withdraw these bonuses or leave them with the insurer to continue earning interest. Therefore, annual bonuses are relatively liquid; even if a policyholder withdraws the bonus, it will not affect the policy’s guaranteed cash value. Although annual bonuses are non-guaranteed and can be affected by factors such as the insurer’s investment performance and management, once an annual bonus is announced its amount will not change, making policyholders’ returns relatively “stable” and more predictable. This is also one of the main selling points of the AD Plan, and many clients use Aolong Wealth Creation to generate mid-term cash flow.

As for the newly launched 傲瓏盛世, its bonus structure is primarily based on terminal bonuses, with reversionary bonuses paid annually. Compared with anniversary bonuses, reversionary bonuses and terminal bonuses have lower "stability" and "predictability." The insurer will list the terminal bonus in the annual statement, but the final amount may be adjusted depending on the insurer's investment performance and operating expenses, and can rise or fall. Therefore, policyholders will only know the actual amount of the terminal bonus when the policy ends, such as on death or surrender.

It is worth noting that if a policyholder wishes to withdraw funds from the policy each year and the relevant bonus amounts are insufficient to cover the withdrawals, or if a partial surrender is required, only then can the balance be withdrawn from the guaranteed cash value. Such actions will reduce the overall value of the policy, the accumulated amount will shrink, and the final returns may be affected. Therefore, 傲瓏盛世 is more suitable for long-term wealth accumulation
 

Further reading: 【儲蓄保險】認清紅利種類 避免中途拎錢失預算 

After understanding the fundamental differences in bonus structure between the old and new Aolong products, what people are most concerned about is how the returns actually differ. As mentioned earlier, Aolong Chuangfu is very popular—policyholders take it out to make mid-term withdrawals to generate cash flow. If someone bought Aolong Shengshi for the same purpose, what would the effect be? Suppose a policyholder pays $100,000 over two years and, starting in year 5, withdraws $5,000 a year; compare the cash values obtainable on surrender in year 10, year 20 and year 30 for the two products.

From Table 1, it can be seen that under mid-term withdrawals the old Aolong decisively outperforms the new Aolong in guaranteed cash value. Even if approximately $5,000 is withdrawn each year starting in year 3, the old Aolong’s guaranteed cash value still increases over time. By contrast, the new Aolong’s guaranteed cash value decreases over time; by year 30, its guaranteed cash value is only $57,746, more than 40% lower than the old Aolong. The new Aolong operates such that when the policy’s dividend amount is insufficient to cover the policyholder’s withdrawals, a partial surrender is required, which also explains why the guaranteed cash value of the new Aolong product continues to shrink.  

However, looking at the non-guaranteed bonus portion, the new Aolong far outperforms the old Aolong, and the gap widens substantially over time. In the 10th year, the two are still relatively close in non-guaranteed bonuses, differing by about 20%, but later the new Aolong's non-guaranteed bonuses grow faster and are clearly higher than the old Aolong. By the 20th year, the new Aolong's non-guaranteed bonuses have reached US$104,654, over 80% higher than the old Aolong.

In fact, if policyholders do not withdraw funds and let the bonuses continue to accumulate and earn interest, the new Aolong's returns would likely be even more substantial, making it suitable for policyholders seeking the maximum potential returns or those who wish to use savings insurance to pass on wealth.

Although AD Plans usually provide higher guaranteed cash values and more stable dividends, their potential returns are correspondingly conservative. In a market that prioritizes high expected returns, insurers have mostly shifted to promoting terminal bonus plans, and AD Plans have become increasingly rare. However, a few AD Plans remain available in the market; if you'd like to learn more, feel free to contact 10Life professional advisors.

Further reading:
【Personal Finance Guide】Comparison of Popular Savings Insurance with Short Premium Payment Terms 
【Savings Insurance】Breaking Down the Sales Talk in Savings Insurance to Reveal the True Returns 

Last updated: September 4, 2025
 

This English version of this article has been generated by machine translation powered by AI. It is provided solely for reference purposes. In the event of any discrepancy or inconsistency between this translation and the original Chinese version, the Chinese version shall prevail.