Nearly three out 10 Filipinos prioritize financial independence and quality of life over longevity, results of the Manulife Asia Care Survey 2025: “Embracing Longevity: Enjoying a Better Life” showed.
The report, released on July 21, surveyed 1,000 Filipinos between January and February, Manulife said.
The study noted that only 13 percent of respondents chose living a longer life as their top wish when they consider their older years, while 26 percent prioritize financial independence. Another 17 percent value staying physically, mentally, and socially active.
Among those who value quality of life over lifespan, the respondents’ desired lifespan averaged 69 years, below the national life expectancy of 73.2 by 2050. This suggests a preference for a life of purpose, vigor, and independence over sheer longevity, Manulife said.
“Filipinos are redefining what it means to live a good life,” said Rahul Hora, President and CEO of Manulife Philippines.
“They are no longer focused solely on longevity. Instead, they want to live better—with freedom, dignity, and the ability to enjoy life on their own terms. This shift challenges us to rethink how we support them—not just with insurance, but with holistic solutions that enhance their quality of life,” he said.
The survey also revealed that health issues are a growing concern, particularly among Filipinos aged 25 to 34.
Nearly 44 percent of respondents reported experiencing physical or mental health problems that affect their daily lives. However, more than half of the survey respondents engage in only 5 out of 17 recommended preventive health measures that can support a longer, healthier life.
“There is a clear gap between awareness and action. Filipinos understand the importance of health, but many are not taking the necessary steps to protect it,” Hora said.
The survey also highlighted the strong relationship between financial stability and health outcomes. About 80 percent of respondents believe that their financial well-being directly affects how long they can remain physically healthy.
Similarly, 76 percent said it impacts their mental health and emotional resilience.
However, despite this awareness, the average retirement savings among Filipinos is only P630,000 or just 16 percent of the P3.85 million they estimate they will need to retire comfortably.
The survey found that 66 percent believe keeping their money in cash or fixed deposits is one of their top two priorities, while 51 percent said they want to invest in property.
More than half or 54 percent, 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.
