... Fulfillment Ratio Why do we need a fulfillment ratio? Participating policies pay both guaranteed and non-guaranteed benefits to policy holders, who are entitled to receive non-guaranteed dividends or bonuses by sharing the insurer’s profits. At the...

... policy with a relatively low proportion of non-guaranteed benefits. You will then be able to make a relatively accurate estimate on the future value of the policy. However, if you have other protection and savings, your risk-tolerance level is relatively high, and you are expecting to accumulate wealth...

... contract by the insurer - nothing more and nothing less. However, a lot of insurance products in the market have benefits covering both guaranteed and non-guaranteed components (e.g. participating policies). The non-guaranteed benefits, as the name suggests, are not guaranteed to be paid. The...

... savings element. It provides policyholders with life protection, as well as non-guaranteed benefits by distributing dividends or bonuses, which allow policyholders to share the product profits. Non-guaranteed benefits (also known as dividends or bonuses) are not guaranteed to be paid by...

... Benefit Illustration at the Point of Sale Actual Declaration Non-Guaranteed Non-Guaranteed Accumulated Dividends and Interest Terminal Dividend Accumulated Dividends...

...: Assess your personal needs Episode 4: How to interpret the benefit illustrations Episode 5: Understand the past performance of a participating policy Comic series (Chinese only) The actual payout of non-guaranteed benefits may be...

... 2. Be aware that the ratio varies for individual policies Even if policies are effected in the same year, the variation of the declaration of non-guaranteed benefits versus those illustrated at the point of sale may be different. As the fulfillment ratio is an average measure across all...

... products Standard Illustration for Participating Policies X Y Z LIFE ASSURANCE COMPANY LIMITED [A] IMPORTANT: THIS IS A SUMMARY ILLUSTRATION OF THE PROJECTED SURRENDER VALUE AND DEATH BENEFIT OF YOUR POLICY. IT IS INTENDED TO SHOW THE PROPORTION OF ANY NON-GUARANTEED ELEMENTS AND THE IMPACT OF CHANGE OF...

... Non-guaranteed benefits fluctuation The non-guaranteed benefits shown in the Benefit Illustration document are not guaranteed to be paid. They are determined by the actual investment returns and performance, claims experience, or operating expenses of the insurer. Under extreme circumstances, the...

... than they paid. Assess your long-term protection needs and affordability prudently before taking out a whole life insurance policy. Pay attention to the non-guaranteed part in the cash value of the participating policy Non-guaranteed dividends or bonuses are payments distributed to policyholders...