Asia's Wealthy Underprepared for Longevity, Index Shows
Affluent families in mainland China and Hong Kong score 62/100 on a new longevity readiness index, despite US$5.8 trillion in regional asset transfers expected by 2030.
Affluent Families Score Low on Longevity Readiness
Affluent families in mainland China and Hong Kong achieved a score of just 62 out of 100 on the AIA Alta High-Net-Worth Optimal Longevity Index. This places them in the index’s “Developing” category, revealing a significant gap in preparedness for extended lifespans.
The finding comes as industry forecasts, cited by AIA, predict regional asset transfers among high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals will reach an estimated US$5.8 trillion by 2030.
Despite this substantial wealth, many families have yet to establish the necessary frameworks for managing wealth, health, and legacy across multiple decades and generations.
Gaps in Health and Wealth Continuity Planning
The index shows a notable disparity between financial and health planning within these wealthy households. While approximately 80 per cent of affluent individuals have implemented at least one mechanism for wealth continuity, such as a trust, will, or succession plan, only 20 per cent have established arrangements for health-decision continuity.
This oversight is particularly pertinent given rising life expectancies across Asia, alongside increasing healthcare costs and more fluid succession timelines. Entrepreneurs are also remaining active for longer, adding complexity to traditional planning models.
Evolving Financial Protection Needs
The shift towards longer lifespans is redefining financial planning, moving the focus from simple asset accumulation to building resilience, adaptability, and continuity. This trend drives a growing interest in flexible protection solutions that can evolve with changing family and wealth circumstances.
Modern financial instruments are increasingly designed to offer meaningful protection while preserving capital efficiency and allowing for dynamic adjustments over time. Furthermore, planning now extends beyond merely funding healthcare, encompassing the need for support in navigating complex medical journeys and accessing specialist networks efficiently.
The index findings present a clear market opportunity for wealth management firms. To capture a share of the projected US$5.8 trillion in regional asset transfers by 2030, firms must adapt their offerings.
This requires developing integrated advisory services and flexible financial instruments that address both wealth and health continuity planning for Asia's affluent families, moving beyond traditional accumulation strategies. Firms must also focus on solutions that support multi-generational needs and assist clients in navigating increasingly complex healthcare landscapes.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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