Village Connect
As life expectancy continues to rise, Filipinos are placing greater value on remaining healthy, financially secure, and self-reliant well into their later years, according to the Manulife Asia Care Survey 2026. The study reveals that many now define their legacy not by material wealth, but by their ability to live independently and avoid becoming a burden to their families.
The survey, which gathered responses from more than 9,000 people across Asia, including 1,000 respondents from the Philippines, explored attitudes toward aging, healthcare, caregiving, retirement, and financial preparedness. Its findings suggest that longevity is no longer viewed simply as living longer, but as maintaining the quality of life needed to enjoy those additional years with dignity and confidence.
Among Filipino respondents, 88 percent said they consider independence and financial freedom as the most meaningful inheritance they can leave to their loved ones. The sentiment was even stronger among younger adults aged 25 to 34, with 95 percent expressing the same view. For many, independence means having the freedom to make personal decisions, access quality healthcare, and avoid relying on family members for financial or physical support.
Health remains central to achieving that goal. More than half of those surveyed identified maintaining their health and quality of life as a top priority, while 53 percent cited unexpected medical and living expenses later in life as a major concern. These findings underscore the growing connection between physical wellness, financial readiness, and long-term independence.
Rahul Hora, President and Chief Executive Officer of Manulife Philippines, said Filipinos are redefining what it means to leave a legacy.
“Legacy has always been closely tied to family, but many Filipinos are now looking beyond what they can pass on materially. They are placing greater importance on staying healthy, financially secure, and capable of living independently for as long as possible,” Hora said.
The survey also highlighted encouraging attitudes toward preventive healthcare. About 92 percent of respondents acknowledged that practicing self-care and preventive health measures can help preserve independence. Spending quality time with family and friends, maintaining a balanced diet, and exercising regularly ranked among the most common healthy habits.
However, the research also pointed to significant gaps. Only 29 percent are actively building social connections to reduce loneliness as they age, while just 26 percent undergo regular health screenings or preventive medical checkups, despite recognizing their importance.
Another major challenge identified by the survey is the growing responsibility carried by Filipino caregivers. Around 67 percent of respondents provide care for family members, spending an average of 32 hours each week on caregiving—far exceeding the regional average. Meanwhile, 68 percent also shoulder financial responsibilities for relatives, allocating nearly half of their monthly income to support their families.
These pressures are particularly evident among the so-called “sandwich generation,” individuals simultaneously caring for aging parents while raising children. Many admitted that balancing these responsibilities has delayed their own healthcare, savings, and retirement planning.
According to the survey, 74 percent said caregiving and financial obligations prevent them from building greater financial independence, while 71 percent have postponed seeking medical care for themselves. Many also reported experiencing stress, sleep problems, financial strain, and difficulty planning for their own future.
The increasing cost of healthcare is adding to these concerns. More than eight in ten Filipino respondents expressed worries about being able to afford future care expenses, with the estimated monthly cost reaching ₱34,485. Most expect to rely on personal savings and investments rather than financial support from their children, reflecting a growing desire for self-sufficiency.
Aira Gaspar, President and Chief Executive Officer of Manulife Investments Philippines, noted that more Filipinos are becoming intentional in preparing for retirement and future healthcare needs. She said many are shifting toward income-generating investments, seeking professional financial advice, and diversifying their investment portfolios to build long-term financial security.
The findings of the Manulife Asia Care Survey 2026 illustrate a changing perspective among Filipinos. While family remains at the heart of their aspirations, many now believe that the greatest gift they can leave future generations is not financial inheritance alone, but the ability to remain independent, healthy, and financially prepared throughout their later years.
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