Source: SCMP — Business & Markets
Chief proposition and healthcare officer Alice Liang says high-net-worth families need to integrate healthcare into their succession plans Hong Kong’s 2024 census reveals a staggering life expectancy of 82.7 years for men and 88.2 years for women – figures that consistently rank amongst the world’s highest. However, while people in Hong Kong may be champions in longer lifespans, the inaugural AIA Alta High-Net-Worth Optimal Longevity Index – that was developed by Boston Consulting Group – suggests the city’s high-net-worth (HNW) and ultra high-net-worth (UHNW) families are surprisingly under-equipped to face the challenges of ageing. This new report looks at the readiness levels of HNW and UHNW individuals in Hong Kong and mainland China in their wealth and health plans, given that average life expectancy has increased. While longevity is often defined as living longer, the report suggests that for HNW and UHNW families, it should mean more than simply an extended lifespan. Instead, it calls for a shift in focus towards “longevity readiness”, where health and finance plans are integrated to account for a longer life journey.
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