Compare QDAP (Hedge Longevity Risk)

QDAP Quick Guide

We found 4 QDAP product(s) matching your selected filters.

Assumptions

BOC Life | 中銀人壽

BOC Life Deferred Annuity (Lifetime)

Stable Fulfillment Ratio Insurer

10-year Premium

Age 60 Start

Whole-life Annuity

9.1

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 3,751   
Guaranteed Return Ratio at Age 100
 192.4%   
Projected Return Ratio at Age 100
 316.5%   
Guaranteed Breakeven Year  
 11   

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Sun Life | Sun Life 永明

Foresight Deferred Annuity Plan

10-year Premium

Age 60 Start

40-year Annuity

9.1

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,154   
Guaranteed Return Ratio at Age 100
 213.0%   
Projected Return Ratio at Age 100
 318.5%   
Guaranteed Breakeven Year  
 11   

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CPIC Life (HK) | 太保壽險香港

Aging with Grace Deferred Annuity Plan (Lifetime)

10-year Premium

Age 60 Start

60-year Annuity

9.0

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 3,900   
Guaranteed Return Ratio at Age 100
 201.2%   
Projected Return Ratio at Age 100
 327.9%   
Guaranteed Breakeven Year  
 11   

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China Life | 中國人壽

Graceful Life Deferred Annuity Plan II

Stable Fulfillment Ratio Insurer

10-year Premium

Age 60 Start

48-year Annuity

7.6

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 2,830   
Guaranteed Return Ratio at Age 100
 145.6%   
Projected Return Ratio at Age 100
 339.9%   
Guaranteed Breakeven Year  
 11   

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BOC Life | 中銀人壽

BOC Life Deferred Annuity (Lifetime)

Stable Fulfillment Ratio Insurer

10-year Premium

Age 60 Start

Whole-life Annuity

10Life Score

9.1

/ 10

Guaranteed Initial Annual Income

USD 3,751

Guaranteed Return Ratio at Age 100

192.4%

Projected Return Ratio at Age 100

316.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

Sun Life | Sun Life 永明

Foresight Deferred Annuity Plan

10-year Premium

Age 60 Start

40-year Annuity

10Life Score

9.1

/ 10

Guaranteed Initial Annual Income

USD 4,154

Guaranteed Return Ratio at Age 100

213.0%

Projected Return Ratio at Age 100

318.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

CPIC Life (HK) | 太保壽險香港

Aging with Grace Deferred Annuity Plan (Lifetime)

10-year Premium

Age 60 Start

60-year Annuity

10Life Score

9.0

/ 10

Guaranteed Initial Annual Income

USD 3,900

Guaranteed Return Ratio at Age 100

201.2%

Projected Return Ratio at Age 100

327.9%

Guaranteed Breakeven Year

WhatsApp Enquiry

China Life | 中國人壽

Graceful Life Deferred Annuity Plan II

Stable Fulfillment Ratio Insurer

10-year Premium

Age 60 Start

48-year Annuity

10Life Score

7.6

/ 10

Guaranteed Initial Annual Income

USD 2,830

Guaranteed Return Ratio at Age 100

145.6%

Projected Return Ratio at Age 100

339.9%

Guaranteed Breakeven Year

WhatsApp Enquiry

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合作夥伴

QDAP vs Deferred Annuity

Tax deductible

Payment period

Age

Certified by the Insurance Authority

QDAP

Yes

Minimum 5 years

Annuity income commences from age 50

Yes

Deferred Annuity

Different choices

No limitation

QDAP Glossary

Tax deductible

Upto HKD60,000 premiums paid to a QDAP policy is eligible for tax deduction. Based on a marginal tax rate of 17%, the maximum tax deduction is HKD10,200. The actual amount depends on individual circumstances.

Surrender Value

QDAP is a long-term insurance product, which spans across many years from making premium payments to receiving annuity income. One may surrender for cash value during the policy term but the value may be much lower than the premiums paid if surrendering in early years.

Death Benefit

Should the insured dies, the policyholder will receive a guaranteed death benefit after deducting the annuity income received.

Who should consider QDAP?

Those planning for Retirement

Those savings for retirement may select QDAP (retirement) which will start paying an income at retirement age for 10 to 20 years

Longevity risk

Living too long is a risk that cannot be overlooked as living expenses continue to rise without a sustainable income. Some deferred annuity products provide lifetime income, which may help to alleviate longevity risk

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Frequently Ask Questions

What are the factors to look out for in choosing QDAP?

You should first understand whether the policy structures including premium payment period, accumulation period and annuity income period suit your needs. Then you can compare the guaranteed and projected returns of different products, and be aware of the early surrender values.

Is the non-guaranteed return of QDAP reliable?

The Insurance Authority requires insurance companies to disclose the fulfillment ratio of participating insurance (including annuity) against the projected amount in the proposal illustrations. If the fulfillment ratio is 100%, it means that the insurer has achieved its projected non-guaranteed return.

What is the maximum tax deduction of QDAP?

Up to HKD60,000 annual premium paid to a QDAP policy is eligible for a tax deduction. Based on a marginal tax rate of 17%, the maximum tax deduction is HKD10,200 per policy per year. The actual tax savings would depend on individual circumstances.

How to choose QDAP?

10Life has categorised QDAP into 3 groups based on of different target segments: savings, retirement and longevity. We evaluate and rate the products based on a set of criteria including guarantee return, projected return and surrender value, etc.

How to choose QDAP?