Long Term Savings Insurance Scoring Methodology

10Life Score is designed to compare products based on different insurance needs and objectives. The 10Life Score weightings vary according to the guaranteed returns, non-guaranteed returns, and risk score as follows.

• Male non-smoker age 35;
• Total premium payment amount USD100,000;
• No policy loan taken and no withdrawals of cash value and/or dividend/bonus throughout the policy term.

Guaranteed return is one of the key differentiators between buying a mutual fund and a savings insurance product. 10Life compares the guaranteed return and the projected return of each product against the market benchmark to derive the guaranteed return score and projected return score, reflecting different risk levels at the end of the specified policy period. The detailed methodology is as follows.

4.1. Returns and Risk Levels of Participating saving plans

When assessing the guaranteed returns and expected returns of policies with different risk levels, we consider the following three factors:

• Guaranteed cash value
• Non-guaranteed cash value
• The structure and proportion of different non-guaranteed bonuses at different target years, such as:
  • The proportion of annual bonuses or cash bonuses to non-guaranteed cash value
  • The proportion of reversionary bonuses to non-guaranteed cash value
  • The proportion of terminal bonuses to non-guaranteed cash value

4.2. Comparing the Cash Values

The return scores measure the 10/20/30/40-year cash values, assuming the policyholder withdraws the total cash value (including guaranteed & non-guaranteed values) as a lump sum at the end of the 10/20/30/40th policy year.

4.3. Benchmark Return against the Market

For each of the return scores, 10Life will determine the market benchmark by referencing market’s available products the in the 10/20/30/40th policy year. The return score is then calculated by comparing the cash value at these policy years against the corresponding benchmark. The benchmarks may be updated from time to time to reflect changes in the market.

5.1. Dividend Fulfillment Performance

Based on the dividend structure of the policy and the dividend fulfilment performance for each dividend type as reported by the insurer in Year 2024, taking into account the following key factors:

• Average fulfilment ratios by types of dividends
• Proportion of fulfilment ratios reaching 70% by types of dividends
• Experience factor

5.2. Pessimistic Scenarios of the policy

We assess the ratio of the “pessimistic scenario” return to the “base scenario” return at 10/20/30/40th policy years to reflect the level of risk associated with non-guaranteed returns.

5.3. Insurer’s Financial Strength Rating

The insurer’s financial strength is based on the credit ratings published by prominent rating agencies such as S&P’s, Moody’s, and Fitch.

Last reviewed date: Jan 2, 2026