Death is a subject that few people like to talk about, but unfortunately, is a conversation that needs to be had
at some point in everyone's lives. Whether for yourself or a loved one, there will be an inevitable discussion
that will need to take place with regards to funeral planning and provisions.
As you would expect, most people don't really start to think about funeral planning until they absolutely have to and are often shocked at what the price of one can amount to.
Today, basic funeral costs average £40001 , with the actual cost of dying (professional fees, flowers & catering) averaging an eyewatering £94932. Luckily, many are now turning to pre-paid funeral plans as an effective means to help eliminate unnecessary stresses when grieving the passing of a loved one.
As the name suggests, a pre-paid funeral plan is a plan that is paid either as a lump sum or via monthly
instalments, to cover funeral costs in advance.
Anyone over the age of 50 is eligible and some companies will also take on those of a lower age but usually for a higher premium.
The packages are also generally flexible. Some will include an entire package, hearse hire, administration fees etc, whereas others will just cover the most basic of services. This way you can choose exactly what you want to happen when the day comes.
Undoubtedly one of the biggest benefits of a pre-paid funeral plan is that by having one, ensures that the price of your funeral is fixed at today's rates, from the moment that the plan is taken out. Irrespective as to whether funeral costs double (or triple) in the future, your rates will remain the same.
When dealing with the passing of a loved one, it can be extremely traumatic and as a result may lead to rash decision making. This can leave you to fall prey to less than satisfactory funeral deals. With a pre-paid funeral plan, that won't ever be a concern.
Even if the one who has passed has left money specifically for this reason, there may be issues with accessing this money or it may not be enough to cover costs. Although banks do have bereavement policies in place, it can still be difficult to get what is needed to cover funeral costs. With a pre-paid funeral plan, you won't need to access any additional funds as the essential costs will already be covered.
Nice and easy there, meaning that your loved ones won't be faced with any additional costs (especially if your estate is liable). On top of that, they are not included in any care home assessments.
This means that if you have any pre-existing conditions, providers cannot discriminate against you on those grounds.
There's no real set price when it comes a to a pre-paid funeral plan.
Like most things in life, you get what you pay for. If you're looking for a complete, no expenses spared plan, then naturally you're going to end up paying a little more than someone who requires a more basic package.
Each provider will also have unique benefits and features which will naturally vary in price.
The easiest way to find out exactly how much it will cost is by taking our absolutely free of charge, no obligation assessment below. To start, simply click the button and answer a few quick questions.