【Personal Finance Guide】Comparison of Popular Savings Insurance Plans with Short Premium Payment Periods

U.S.–China diplomatic relations are unpredictable, and together with the globally complex investment environment, many people have begun considering using savings insurance to lock in long-term returns. This time 10Life screened four popular market products: FWD’s Prosperity Global Life Insurance Plan, AIA’s Universal Prosper Savings Insurance Plan, Manulife’s Hongzhi Legacy Protection Plan, and Sun Life’s Evergreen • Galaxy Legacy Insurance Plan II (hereafter abbreviated as: Prosperity Global, Universal Prosper, Hongzhi, Galaxy Legacy II), and used the 10Life Product Decoder to compare them, helping everyone be a savvy consumer.

These four products are all fairly well-known in the market, and they rank near the top in the Product Decoder's long-term savings insurance category (contribution period 1 to 4 years). They are also products that emphasize expected returns, making them highly comparable.

Since 星河傳承II only offers a two-year payment option, for fairness this comparison also selects the shortest payment period among these products (i.e., 1 year). 盈聚天下 offers both 2-year and 1-year payment options, but because the other two products' short-term payment method is only 1 year, for convenience we directly choose 盈聚天下's 1-year payment for this comparison.  

From Table 2, using the 30th policy year as a reference, FWD's 盈聚天下 and AIA's 環宇盈活 lead in total expected cash value. However, if calculated by guaranteed cash value,Sun Life's Galaxy Legacy II leads, reaching $120,100.

In terms of non-guaranteed reversionary bonuses, the accumulated reversionary bonus of 盈聚天下 is the highest among the four products. But note that reversionary bonuses are usually paid in full only upon the insured's death, and their cash value (Cash Value) is also non-guaranteed; when withdrawn or upon policy surrender, the final amount received may be adjusted relative to the stated value. As for terminal bonuses, which are also non-guaranteed, different products come out on top at different policy terms: at the 20-year term, 宏摯's terminal bonus is highest, reaching $214,685; at the 30-year term, 環宇盈活 performs best, with a terminal bonus of $543,564. Astute readers may notice that annual statements list terminal bonuses, but the terminal bonus announced each year is determined by many factors such as the insurer's investment performance and operating expenses, and can rise or fall.

In terms of IRR, since the Insurance Authority introduced a cap on illustrated rates for participating policies from July 1 this year, the cap for non-HKD policies is 6.5%. From Table 2, 環宇盈活 and 盈聚天下 have expected IRRs of 6.5% for the 30-year term.

Of course, when purchasing savings insurance you also need to consider other factors, such as dividend realization rate, promotions, brand, and withdrawal needs. If you want to know how to choose a savings insurance plan, feel free to contact 10Life's insurance advisors to find the savings insurance product that suits you.  

Further reading:

【Savings Insurance】Know the Types of Dividends — Avoid Disrupting Your Budget by Withdrawing Funds Mid-Term

Last updated: August 28, 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.