While Singapore’s high-net-worth individuals (HNWIs) may have the financial resources many dream of, a new study by Manulife Singapore and Forbes Insights uncovers a surprising truth: wealth doesn’t necessarily translate to peace of mind when it comes to ageing well.
Health Is a Priority — But Confidence Is Lacking
A staggering 94% of HNWIs in Singapore agree that “nothing is more important than health”, yet fewer than half feel confident they’ll remain healthy and active after retirement. Only 44% expressed strong assurance in their long-term health — despite access to world-class healthcare and participation in wellness activities.
Financial Readiness for Health Challenges: A Worrying Gap
Despite their means, many HNWIs remain uncertain about their financial preparedness for future medical needs:
- 44% are only moderately or slightly confident they can afford long-term care and medical expenses
- Just 47% feel their financial plans adequately cover potential disability or incapacity
The findings reveal a clear disconnect between the value placed on health and the confidence in being financially prepared to protect it.
Longevity Isn’t Just About Years — It’s About Meaning
Insights from the Manulife Asia Care Survey further underscore a shift in mindset. When asked why living longer wasn’t a top aspiration:
- 58% said that “having a meaningful life is more important”
- 44% prioritised quality of life over lifespan
This points to a more intentional approach to ageing — HNWIs aren’t just seeking longevity; they want to live well, with purpose and vitality.
Key Barriers to Ageing Well
Despite strong aspirations, many HNWIs face significant obstacles when trying to integrate health into their lifestyle and financial planning:
- 34% struggle with mental health pressures from high-stress work
- 32% find it hard to navigate healthcare and insurance systems
- 30% face challenges adopting healthier lifestyles
- 29% struggle to incorporate long-term care into financial planning
- 21% admit to lacking knowledge about maintaining good health
Proactive Steps Towards Healthier Ageing
In the face of these concerns, Singapore’s affluent are turning to proactive strategies:
- 56% adopt healthy lifestyles through nutrition and exercise
- 49% invest in premium health insurance
- 50% consult with health experts such as wellness coaches
- 41% prioritise regular preventive care
- 40% use health tech like fitness trackers and mobile apps
Additionally, many are embracing innovative wellness practices — from tai chi and intermittent fasting to cryotherapy and sleep optimisation — reflecting an evolving openness to personalised and experimental health solutions.
What’s Next: Manulife’s Commitment to Health-Centric Wealth
Recognising these shifting priorities, Manulife Singapore is doubling down on health-centric solutions. New initiatives set to launch in Q4 2025 will focus on empowering customers to align their wealth with wellness — ensuring they not only live longer but live better.
