Morphing aircraft, which can change their aerodynamic configuration as needed to optimize aerodynamics and flight performance throughout the entire mission, enhancing overall performance and expanding mission profiles, is one of the important development directions for future aircraft. The overall benefits of morphing technology are a key prerequisite for the practical application of morphing technology. The significance on assessing the overall benefits of morphing aircraft is pointed out, and the research status of the overall benefits assessment of morphing aircraft since 2000 is introduced, including aircraft types, morphing methods, assessment methods, and assessment results. The overall benefits of morphing aircraft are sorted from the aspects of performance benefits and comprehensive benefits. The overall benefits assessment results show that the benefits brought by morphing technology are not as huge as expected. The use of morphing technology can increase the maximum single overall performance index by 21%, and most single overall performance indices are improved by no more than 10%. There are also cases where the overall performance benefit is less than 1%, or even no benefit when using morphing technology; the use of morphing technology can bring benefits to some overall performance, but it can also lead to a decrease in some overall performance, and increase production and maintenance costs, etc.; from the scheme demonstration, detailed design, to production and test flight, as the research goes deeper, the overall benefits assessed gradually decrease. Optimization methods to improve benefits are summarized, and their characteristics are analyzed. The existing problems in the overall benefit assessment are summarized, the future of morphing aircraft overall benefit assessment is prospected, and development suggestions are given.