Over half of Brits (54%) admit that they don’t but have a will – with 23% of those contemplating themselves “too young” for this, a research has discovered. And 53% of those that don’t but have the doc in place declare they merely “haven’t got round to it” but.
Other parts of funeral planning they don’t seem to be ready for embody masking the prices – with 34% not but having put any cash apart to cowl the price of their very own send-off.
Of those that haven’t but saved something for this, 29% say they can not afford it – whereas 26% really feel they’re nonetheless too younger to take action. In reality, the survey of two,000 adults discovered that one in 4 (24%) haven’t any intention of considering as far forward as their very own funeral.
However, the standard grownup polled admitted they start to consider this on the age of 51 – and blame well being scares, the final ageing course of, and dropping family members.
Eight in 10 declare they started to ponder their very own longevity as soon as they began usually attending different individuals’s funerals. And 38% consider when you look forward, you have a tendency to think about the which means of life – and loss of life itself, as nicely.
(Image: Peter Dazeley/Getty Images)
A spokesman from British Seniors, which lately launched their Funeral Cost Report, and commissioned the research, stated: “The research has revealed an interesting take on when you start to think about death.
“We thought it was interesting to see it wasn’t until the early 50s, on average, that many would start to consider their own funeral.
“It’s something that, in our younger years, you don’t give a second thought – but clearly, once you reach a certain age, it becomes a realistic prospect, and one that does require some planning.”
The OnePoll knowledge additionally discovered that, in the case of organising a funeral, 34% thought it might be simple to take action, though 30% imagined it might be laborious work.
And if respondents had been to endure a household bereavement now, 27% didn’t suppose they may afford the related prices, with an extra 23% uncertain whether or not they had sufficient within the financial institution.
The research additionally discovered three in 10 (29%) didn’t have a clue how a lot a funeral sometimes prices – with one in six feeling anxious as to how they’d afford one for a relative through the ongoing cost-of-living disaster.
However, for their very own funeral, 33% have ample money put aside, to the tune of greater than £3,900, on common – whereas one in 5 have life insurance coverage.
The spokesman from British Seniors added: “It’s something that’s often considered sad and sombre, with many preferring not to think about it at all.
“However, life insurance can provide peace of mind, knowing that 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.”