In June 2021, fellow wrestling legend Don Muraco reported Funk was diagnosed as living with dementia and was living in an assisted living facility. On December 29, 2021, Ric Flair announced on his podcast with Mark Madden that Funk had returned home and was doing well.
Terry Funk died on August 23, 2023, at the age of 79.
Terry Funk is gone. I just talked to Terry’s daughter, Brandee, who gave me the awful news. He was my mentor, my idol, one of the closest friends. He was the greatest wrestler I ever saw.
If you get the chance, look up a Terry Funk match or a Terry Funk promo, and give thanks… pic.twitter.com/WwdFLwXqZ0
— Mick Foley (@foleyispod) August 23, 2023