Only 6% of Singaporeans wish to live longer, with the majority prioritising health, dignity, and financial independence over lifespan, according to Manulife Asia. The Manulife Asia Care Survey 2025, which interviewed 1,021 Singapore consumers, highlights a shift in attitudes towards ageing, with a focus on quality rather than quantity of life.
The survey found that Singaporeans expect to live until 79 but anticipate health issues by 67, indicating a 12-year wellness gap. Concerns about physical health and financial security are prevalent, with 51% worried about losing their physical health and 48% fearing they will outlive their savings. Despite these concerns, only 35% of respondents have critical illness insurance, 41% have life protection insurance, and a mere 15% have disability insurance.
Benoit Meslet, CEO of Manulife Singapore, noted, “We see a shift in perspectives of ageing and longevity in Singapore. It is no longer defined by the number of years, but by the quality of the years lived.”
Financial planning remains a significant concern, with 35% of Singaporeans relying primarily on cash for retirement. Additionally, 65% are financially supporting their parents, often using their own retirement savings. Koh Hui-Jian, CEO of Manulife Investments Singapore, emphasised the importance of diversifying investments to build robust income streams for retirement.
The survey underscores the need for more integrated conversations around financial planning, health, and wellness to ensure Singaporeans can live not just longer, but better lives. As Singaporeans navigate these challenges, Manulife Singapore aims to support them with comprehensive financial and wellness solutions.
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