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Manulife Launches the Global Longevity Institute

In a groundbreaking initiative, Manulife has unveiled the Global Longevity Institute, pledging a substantial $350 million investment aimed at transforming how people across the globe approach aging and lifelong health. This institute focuses on fostering innovation, research, and community partnerships to bridge the gap between increased life expectancy and the quality of life experienced in those years.

As a recognized leader in life insurance and asset management, Manulife is acutely aware of the challenges faced by many as they age. A significant number of individuals encounter extended periods of poor health—up to 20% of their lives—and almost 40% experience financial instability in their later years. The Global Longevity Institute seeks to address these issues head-on by reimagining daily living, working, learning, and contributions throughout one’s life.

According to Phil Witherington, President and CEO of Manulife, this initiative underscores the organization’s core mission: "Transforming health, wealth, and longevity is fundamental to our new ambitions. Our rich history of supporting customers throughout their lives positions us uniquely to help more individuals and families navigate the widening gap between lifespan and healthspan."

The mission of the Longevity Institute includes three primary focus areas:
1. Research and Insight: The institute intends to lead global research efforts to analyze how individuals can flourish longer and in better health.
2. Innovation and Advocacy: There will be a focus on accelerating advocacy initiatives that promote wellness and financial preparedness.
3. Community Engagement: Investing in partnerships to advance knowledge and foster equity in options available for healthy aging will be crucial.

Initiatives Launched

To commemorate this launch, several initiatives are set to roll out:

• - Partnership with the National Institute on Ageing: This collaboration supports insightful surveys that explore the experiences of Canadians over 50, aiming to inform policy aimed at promoting healthier aging.
• - Collaboration with the Milken Institute: This partnership aims at propelling thought leadership and research regarding significant issues shaping the future of health and longevity, particularly concerning essential food production and its integration with health strategies.
• - Global Longevity Symposiums: Initially launched in Boston, the symposiums are now expanding, with recent events in Singapore and the Philippines focusing on how to achieve longer, healthier lives.

John Hancock's Longevity Preparedness Index, created with MIT AgeLab, measures how prepared U.S. adults are for aging challenges and will soon extend to encompass insights for Canadian populations as well.

Anticipated Outcomes

The Longevity Institute aims to leverage Manulife's extensive experience in helping over 36 million customers to enhance their health and wealth. The expected outcomes of the institute's work encompass:

• - Health: Encouraging individuals to adopt choices promoting physical and emotional wellness through nutrition, early intervention, and mental health support.
• - Wealth: Equipping individuals with the necessary tools and education to ensure financial stability.

Conclusion

With ambitions to impact communities globally, the Global Longevity Institute symbolizes a transformative approach by Manulife to tackle pressing health and economic realities faced by aging populations. As Canada’s largest insurer, Manulife acknowledges its responsibility to enhance the quality of life for its customers, ensuring that added years are years of active, fulfilling living.

For those looking to learn more about the Global Longevity Institute and stay updated with its initiatives, visit Manulife’s official summary on longevity.