well first, you'd avoid threads like this that throw trumped-up early/misleading numbers around to scare the crap out of people. but realize that everyday risks, like getting into a car, are non-trivial too (~1 in 100 lifetime risk of dying in a car accident), but we do them anyway.

more to the point, epidemiologists will eventually reach concensus that the infection rate is under control (close to linear, R0≈1, i imagine). most 80+ year olds might need to stay cautious for the rest of their lives (depending on both the actual epidemiology and treatment/prevention options we develop), but that's true of a wide array of threats, like cancer, heart disease, or even just falling.

so basically, it depends on your risk tolerance once we have enough information to determine the actual risks of dying (vs the guestimates we have so far).