What is Manulife Asia Care Survey?
Started in 2020, Manulife’s Asia Care Survey is an annual research study that explores the evolving behavior, sentiments and priorities of people from eight markets in Asia (Mainland China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, and Vietnam) against the backdrop of volatile economic and sociopolitical realities impacting their financial goals, aspirations, and overall well-being.
This year's survey findings reveal a significant shift in priorities among consumers, emphasizing quality of life over lifespan. Filipinos surveyed prioritize health and financial independence to enjoy a better life over merely living a long, illness-free life. The survey also highlights the perceived importance of financial stability in maintaining overall health and quality-focused longevity. This underscores the importance of wellbeing in physical, mental, social, and financial aspects.
This evolving definition of longevity highlights the need for proactive engagement and support to help individuals make informed decisions and adopt behaviors aligning with their life goals. The survey also reveals a variety of approaches to planning for the future, indicating a broader opportunity for collaboration in guiding and empowering consumers to track progress and achieve a fulfilling, independent lifestyle in their later years.
This year’s Asia Care survey asked 1,000 Filipinos about their views on longevity. In the Philippines, life expectancy at birth is projected to reach 73 years by 2050, from 70 years in 2023. As people live longer, they start viewing longevity from a different lens, which focuses on meeting their own needs and priorities.
For Filipinos’ retirement planning, cash and fixed deposits remain king. The survey found that 66% view keeping their money in cash or fixed deposits as one of their top 2 priorities, while 51% express they want to invest in property. However, more than half (54%) also expressed a desire for steady income streams during retirement—something that cash-heavy portfolios may not be able to provide, especially in the face of inflation and rising healthcare costs.
The study found that it is evident that having help from professional financial planners can make a huge difference in people’s financial readiness for retirement. The value of professional financial advice is also apparent: 70% of those who work with financial planners believe they will have enough funds for retirement, compared to only 38% of those without such guidance.
Supporting Filipinos' fresh definition of Longevity
As Philippine life expectancy continues to increase in the coming years, the need for comprehensive health and wealth planning becomes more important than ever.
"The message from Filipinos is clear—they want to age with dignity, maintain their independence, and have the financial freedom to do what matters to them," said Rahul Hora, Manulife Philippines President and Chief Executive Officer. "At Manulife, we are committed to evolving our products and services to support this vision. That means offering solutions that go beyond medical and critical illness coverage to address health protection needs and offering investment options that can provide reliable income streams for a better, more fulfilling life.”
For the Asia-specific data version, please visit this link.
What can you do?
The Asia Care Survey 2025 reveals a clear connection between financial well-being and overall quality of life, particularly in retirement. While many people in Asia recognize the importance of financial health, gaps in preparation remain, with many feeling uncertain about their ability to sustain themselves during their later years. This is where proactive planning and informed financial decisions become critical.
Achieving a better quality of life in retirement begins with taking deliberate steps today.
For the Asia-specific data version, please visit this link.
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