I've never been to hell (I think?)... I suppose I can't assume you're the same, but I'm pretty confident I would much rather deal with, say, a stolen identity, than go to hell.
Most people's risk-tolerances including many life-threatening dangers they face on a daily basis... like getting hit while jaywalking, having their phone igniting in their hands and burning their homes down, dying in an earthquake, etc. If you can't tolerate the same risks as most other people, then great, you have lots of alternative options to choose from. It's not like Nokia is preventing you from imposing your will on yourself or your family.
To be honest - as an older-phone user, that's part of why I never access email on my phone, nor my bank account. I see my phone as something that's basically insecure, and take into account (no pun intended) the possibility that other people will be able to access its contents.
I realize, though, that many old phone users don't hold this view necessarily.
Malware can indeed be worse than hell. Have you ever had your bank account hacked? Or your email account broken into? Or your identity stolen and had to deal with dozens of credit cards being registered and then hit the limit under your name?
I’ve had friends (and family) deal with such things, and you know what? I’ll do anything to minimize the risk for myself, including throwing away an expensive gadget that can no longer receive updates for some totally arbitrary reason.