LONDON — As the old saying goes, nothing is certain in life except for death and taxes. Unfortunately, we’re reminded about taxes all too often in our daily lives. But how frequently do you think about the end of the road? According to a new survey, the average adult doesn’t start thinking about their own death and funeral until the age of 51.
Commissioned by British Seniors and leveraging insights from a survey of 2,000 British individuals, the research intriguingly reveals that this moment of realization is often sparked by poignant life events such as the loss of a loved one, personal health scares, or simply the natural progression of aging.
A striking 80 percent of respondents admit that their thoughts about their own longevity intensified as they found themselves frequently attending the funerals of others. Furthermore, 38 percent acknowledge that such forward-looking thoughts inevitably lead to deeper reflections on the essence of life and death.
Interestingly, not everyone is inclined towards this contemplation, with 24 percent expressing no interest in considering their final send-off. This sentiment aligns with the findings that just over half (54%) of the participants do not have a will in place, citing reasons ranging from procrastination to a belief in their own youthfulness.
The study, supported by OnePoll data, also delves into the practicalities and emotional aspects of funeral planning. While 34 percent perceive organizing a funeral as a straightforward task, another three in 10 anticipate it being a challenging endeavor. Financial concerns are prominent, with 27 percent unsure of their ability to afford funeral expenses in the event of a family bereavement, and an additional 23 percent uncertain about their financial readiness for such an eventuality.
There exists a notable gap in financial preparedness for one’s own funeral: one in three have set aside sufficient funds, and one in five rely on life insurance. Yet, 34 percent have made no financial arrangements, with 29 percent citing affordability issues and 26 percent considering themselves too young to worry about such matters. Those who have prepared financially have, on average, about $4,962 saved.
The spokesman from British Seniors emphasizes the emotional weight of funeral planning, noting its often somber nature and the tendency of many to avoid the topic.
“It’s something that’s often considered sad and somber, with many preferring not to think about it at all,” the spokesman from British Seniors tells OnePoll. “However, life insurance can provide peace of mind knowing when the day eventually does come, it won’t be landing on those closest to them to pay for something quite costly. By getting some cover sorted, you can focus on living life to the fullest with peace of mind.”
Living life to the fullest might just be the key to prolonging your life overall. Research shows that having a purpose in life can lengthen one’s lifespan. So while it’s important to plan for that final day financially, don’t dwell on it. Focus on the now and the years ahead to ensure you’re getting the most out of every day.
You might also be interested in:
- Despite COVID fears, half of Americans still don’t have a last will and testament
- Most people want to plan own funeral — and would rather be ‘buried in cardboard box’ to save money
- Surviving the apocalypse: 1 in 3 Americans confident they’ll be the last one standing
72Point writer Steve Richmond contributed to this report.
