
Preplanning and prepaying for funeral and burial expenses
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A sizeable portion of the 50+ population (34%) has engaged in some preplanning for a funeral or burial, and just under a quarter of individuals ages 50+ (23%) have prepaid at least a portion
of funeral or burial expenses for themselves or someone else. These are key findings of telephone interviews conducted with 1,087 individuals ages 50+ in a study that updates similar
research conducted by AARP in 1995, 1998, and 1999. While those who have preplanned or prepaid may seem to be a small segment of the population, this translates into approximately 29.5
million individuals ages 50+ in the U.S. who have preplanned any part of a funeral or burial for themselves or someone else and 20.0 million individuals ages 50+ in the U.S. who have prepaid
for funerals or burials. Furthermore, a substantial portion of individuals in this age group expressed an interest in environmentally friendly alternatives to traditional funerals and
burials. Additional key findings indicate that: * Three out of five respondents (60%) had never been contacted about purchasing their funeral in advance. * Fewer than one-quarter of
respondents (23%) had prepaid any part of funeral or burial expenses for themselves and/or someone else, a decrease from 1995 (28%) and 1999 (32%). * Respondents ages 65 and over (51% or
18.1 million) were more likely than respondents ages 55 to 64 (32% or 9.9 million) and 50 to 54 (17% or 3.5 million) to have prepaid funeral and burial expenses. The survey was conducted by
International Communications Research in May 2007. Further information about the survey may be obtained by contacting Lona Choi-Allum at [email protected].