An initial concentration of the residual concentration of a causative substance contained in an insulating oil is compared with a reference value. The causative substance reacts with a conductor forming a winding of an oil-filled electrical device to generate an electrically conductive compound. The reference value is defined as a value for determining whether a main determinant that determines the lifetime of the oil-filled electrical device is generation of the electrically conductive compound or degradation of insulating paper. Based on the initial concentration of the causative substance and the reference value, the lifetime of the oil-filled electrical device is assessed.