10Life Life Protection Scoring Methodology

1. Overview

Early Years Life Coverage

Death benefit multipliers upon early death (age 35-54)

Long Term Life Coverage

Death benefit multipliers upon death at age 55-84

2. Score Weighting

3. Assumptions

Insured is non-smoking male / female age 35
Total premium payment USD 100,000
Annual premium period of 1, 5, 10, 15, 20, 25 years
No policy loan taken and no withdrawals of cash value and/or interest/dividends throughout the policy term

4. Whole Life Protection Score Details

This score measures the benefit multiplier of the amount that the beneficiary receives in the event of death of the insured. The higher the benefit multiplier, the higher the leverage and the higher the death benefit score. The detailed methodology is as follows:

4.1. Guaranteed Death Benefit is Considered

Some of the death benefits are guaranteed by the insurer, some are projected (i.e. not guaranteed). Our model measures the guaranteed death benefit that the insurer is obligated to pay the beneficiary, and non-guaranteed death benefits are not counted. Guarantees are more important when it comes to providing financial protection in difficult times.

4.2. Calculating the Guaranteed Death Benefit Multiplier

Guaranteed Death Benefit Multiplier =	Guaranteed Death Benefit at specfic time period
	Total Premium Paid

4.3. Comparing Guaranteed Death Benefit Multipliers at Different Time Horizons

The death benefit may vary at different times during the policy period depending on the product design. Some may focus on early years coverage, and some may focus on long term coverage. We consider guaranteed death benefit multipliers at the first 20 years (age 35-54) and 21-50 (age 55-84) years for a comprehensive comparison, using the 90th percentile of cash values in the market as benchmark.

Early Years Coverage Score =	Sum of Guaranteed Death Benefit Multipliers (1-20 years)
	20

Long Term Coverage Score =	Sum of Guaranteed Death Benefit Multipliers (1-20 years)
	30

5. Whole Life Protection Insurance 5-Star Rating

10Life Whole Life Protection Insurance 5-Star Rating is awarded to the top products in the market.

To earn a 5-Star Rating, the product must fulfill the below criteria:

Annual Premium Period of 10 / 15 / 20 / 25 years
Achieve a Life Protection Score of 9.0 or above.

Updated on 22 February, 2023

Disclaimer

10Life Product Comparison and 10Life Insurance Ratings are developed by 10Life Financial Limited, an authorised insurance broker company licensed with the Insurance Authority under License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies.

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Whole Life Protection Scoring Methodology