Two in five adults are stressed about funeral costs: MetLife

Only 13% of respondents had life insurance

Jaskeet Briah
clock • 2 min read

Over two in five adults (45%) who recently planned a funeral were stressed about the costs, according to MetLife.

New research from MetLife's report, The Last Word: Tackling the death and funeral planning taboo, which surveyed 2,000 adults who experienced a bereavement in the last two years found that 18% were ‘extremely stressed' about funeral costs. Overall, 13% of respondents were unsure of how the funeral would be paid for, while 20% stated that they covered the costs with their partner, 31% paid through the individual's estate, and 16% had other family to help cover costs. Only 15% of respondents had a funeral policy, 13% had a life insurance policy and 7% had a workplace benefit policy. ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Little change in economic inactivity: ONS

Little change in economic inactivity: ONS

Number of vacancies decreasing

Jaskeet Briah
clock 17 December 2024 • 3 min read
Beagle Street adds protection offering to OneFamily platform

Beagle Street adds protection offering to OneFamily platform

Replatformed by iPipeline

Jaskeet Briah
clock 12 December 2024 • 1 min read
Young adults turning to social media for health information

Young adults turning to social media for health information

Half of adults have self-diagnosed in the last year

Jaskeet Briah
clock 11 December 2024 • 3 min read