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Executive Summary

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Research conducted by Home Instead, Inc., franchisor of the Home Instead® network, reveals that seniors are more prepared for their funerals than their final years of life when they might need extra care. While many people know they should plan for retirement, get financial affairs in order and plan for final expenses, most people are underprepared when it comes to creating a plan for care.

Talking about a loved one’s final years can bring up many emotions for families, but it is important. Seniors and their adult children report that while starting the conversation around plans can be difficult, in the end these conversations make them feel more comfortable, at peace and prepared for the future.

Conversations about the final years have a way of bringing seniors and their adult children closer together. These discussions not only allow seniors to have a say in how they will live out their final years, but also give them confidence that their families will carry out their plans.

And while seniors and adults know they should make arrangements for care, many have thought or talked about plans, but few have actually made arrangements. According to Home Instead®, more than half of adult children who are family caregivers wish they and their parents had begun the planning process earlier, taken a larger role in the planning and considered all options such as home care.

Home Instead found that most seniors would prefer to spend their final years at home. The value of planning lies in the ability to create an easier transition into the final years, months and days of life.

Download the Compose Your Life Song℠ North American Research Report
(PDF 1.1 MB) and read the key findings about seniors' and their adult children's level of preparedness for the final years.

Last revised: February 23, 2018

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