【Wealth Accumulation】Comparison of Popular Multi-Currency Savings Insurance

Many people in Hong Kong use savings insurance as a tool for steady wealth growth, to cover their children’s future education funds, their own retirement needs, or to complete wealth succession plans. As times change, savings insurance has continually improved, and the hot product right now is the “multi-currency plan.”

Major insurers have launched these plans mainly to cater to clients’ cross‑border financial needs such as immigration, studying abroad, and multi‑currency asset allocation. With international conditions in flux, the outlook for the US dollar is drawing close attention, and some investors have begun to worry about the dollar’s status as the world’s reserve currency. Although the dollar’s dominant position is unlikely to be displaced in the short term, demand for other currencies as asset allocation options has clearly increased. This time we have selected five multi‑currency savings insurance products for comparison to help readers learn more. 

The biggest selling point of multi-currency plans is support for a variety of currency options: generally including US dollars, Hong Kong dollars, renminbi, British pounds, Australian dollars, Canadian dollars, euros, Singapore dollars, etc.

Even if the policyholder selects a particular currency at the time of purchase, they can later, according to personal needs, convert the policy currency into other currencies to flexibly align with different financial goals.

This time 10Life has selected 5 popular multi-currency products for comparison, with the comparison focusing mainly on key indicators such as the projected cash value of the product at the 20th and 30th years, the guaranteed portion, annual/reversionary bonuses, the investment mix (bond-to-equity ratio), and dividend realization rate.

Comparison items:

• Manulife "Genesis Legacy Protection Plan" (hereinafter: Genesis Legacy)
• China Life "Wise Generation Multi-Currency Plan (Excel)" (hereinafter: Wise Generation)
• FWD "MaxFocus Legacy Insurance Plan" (hereinafter: MaxFocus Legacy)
• AIA "GlobalFlexi Savings Insurance Plan" (hereinafter: GlobalFlexi)
• Sun Life "SunGift Global II" (hereinafter: SunGift Global II)

• Guaranteed cash value: The cash value guaranteed to be available when the policy matures or is surrendered. All else being equal, a higher guaranteed portion is more secure.
• Reversionary bonus: Part of the non-guaranteed bonuses that is permanently added to the policy's sum assured and is usually paid on the insured's death. If withdrawn in other circumstances (e.g., surrender), the actual amount may differ.
• Terminal bonus: Paid as a lump sum when the policy matures, is surrendered, or on death. The amount will be determined by the company’s announcement at that time and the final amount is subject to actual payment.
• Total expected cash value: The guaranteed cash value plus all non-guaranteed bonuses (including reversionary/anniversary bonuses and terminal bonuses).
• Bonus realization rate: The ratio of actual bonuses paid to the originally expected bonuses; it reflects the company's bonus stability, and data over longer periods (e.g., more than 6 years) are more informative. 

Manulife Grand Devotion Legacy

• By year 20 all cash values (whether guaranteed or non-guaranteed) are the highest among the five products, but the terminal bonus and total cash value at year 30 are overtaken by other products.
• There are no reversionary bonuses; all non-guaranteed bonuses are concentrated in the terminal bonus.

China Life Smart Wealth Generation

• This model delivers relatively better long-term returns and likewise has no reversionary bonuses.

FWD Prosperity Accumulates Across the World

• The reversionary bonus at year 20 is the highest among the five.

AIA Global Prosperity Life

• At year 30 the expected IRR of 6.5% and the total cash value are the highest among the products.

Sun Life Galaxy Heritage II

• At policy anniversary year 30, the guaranteed cash value and accumulated reversionary bonuses are the highest among all products.

Please note that, according to the product manuals of some insurance companies, when performing a currency conversion the policy is not only converted at the prevailing market exchange rate, but the policy's cash value may also be adjusted. For example, if a USD policy is converted to a CAD policy, the cash value may be adjusted according to the insurer's new CAD asset portfolio value (and may be lower / higher than the value before conversion). 

When choosing, if policyholders prioritize currency flexibility, they are advised to read each product's currency exchange fees and related terms carefully; if they only care about returns and stability, they can pay more attention to the projected cash values and the guaranteed portions.

If you would like to learn about savings insurance plans, feel free to contact 10Life's insurance advisors to find a savings insurance product that suits you. 

Note:
This article was last updated on: 28 August 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.