Future-ready: how Asia’s wealthiest should plan for the age of longevity
[The content of this article has been produced by our advertising partner.] Going by the figures alone, there is no escaping just how important investment in future planning has become for Asia’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) families, with industry watchers predicting they will drive an estimated US$5.8 trillion in asset transfers in the region by 2030. But behind these…
Asia's wealthiest individuals and families are increasingly recognizing the importance of future planning in light of the rising life expectancy rates across the region. According to the AIA Alta High-Net-Worth Optimal Longevity Index, despite their sophisticated financial planning, these families scored only 62 out of 100 in terms of longevity readiness, placing them in the "Developing" category.
While a majority of affluent individuals have established wealth continuity mechanisms, such as trusts and wills, only a small percentage have put in place arrangements for health-decision continuity for their families in the years ahead. The shift in planning focus is now from accumulation to resilience, adaptability, and continuity, as families need to support multiple generations simultaneously.
As medical innovation accelerates, healthcare preparedness has become a crucial component of long-term financial well-being. AIA's Wealth Elite Life Insurance Plan 3 and OptimaCEO Medical Plan offer solutions that provide meaningful protection without compromising flexibility, allowing families to create a broader financial safety net while maintaining adaptability for changing family and wealth circumstances.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
