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Only 5% of UK adults currently have a funeral plan, meaning that millions do not have a plan in place for when the inevitable happens, a survey by Co-op Funeralcare has revealed.
Recent research from the group also showed that the nation appears to be reluctant to plan for their passing, as 52% of those surveyed who have experienced a death in the last five years said their loved one didn’t have a pre-paid funeral plan.
Meanwhile, 50% of those surveyed also admitted to having not discussed their funeral wishes with family or friends in any form.
Of those who have broached the subject, only 17% have discussed it in any detail.
Out of the surveyed adults who have a funeral plan in place, 74% said they chose to put a funeral plan in place to ease the burden on their next of kin and 55% said they wanted to work out the cost of their funeral and to ensure it is financially covered.
According to Co-op Funeralcare’s business data, the average age at which an individual takes out a funeral plan is 73-years-old.
Michael Forsyth, head of funeral plans at Co-op Funeralcare, said: “Sharing your funeral wishes with your loved ones is important to make sure you get the send-off you want. Whilst discussing what you would and would not like as part of your funeral is a great starting point, taking the time to officially record these wishes is the next step.”
