Wellbeing
Part of speech: noun
Definition: A state of health, happiness and/or prosperity.
Example sentence: For a very long time now I've been saying to young women, 'You can have it all, but not all at the same time.' How important it is to take very good care of yourself, of your mental and physical and spiritual wellbeing; it's hard to do. It's easier to be a workaholic than to have a truly balanced life.
Welfare
Part of speech: noun
Definition: health, happiness and prosperity; well-doing or well-being in any respectaid, provided by a government, etc. to people in need, especially financial aid
Example sentence: State and local law enforcement are the primary protectors of the health, safety, and welfare of the people in the individual states.