Due to the rising costs of funerals, many people worry over whether they’ll leave enough money behind to pay for everything. A funeral plan allows you to pay for your future plans, ensuring that your loved ones aren’t faced with any unexpected costs.
At the same time, a prepaid funeral plan provides your family and friends with all the help and support they need during a distressing time. You can make all the decisions in advance, meaning they won’t be bombarded with questions or a potentially confusing list of options.
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We will now match you with suitable funeral plan providers who will call to discuss your requirements. The providers we work with aim to get in touch within 48 hours.
If you are considering a funeral plan, you might also be interested in Will writing.
We will now match you with suitable Will Writers who will be in touch to discuss your requirements. The Will Writers we work with aim to get in touch within 48 hours.
In the meantime, why not head over to our Wills section? It can provide you details regarding types of Wills and what to include in a Will.
When arranging your plan, you can opt to pay for it in one single lump sum or spread the cost over a set number of instalments, depending on what the most convenient option for you is.
The money you pay is either invested into a trust fund or into an insurance policy, which is then used to pay for the funeral whenever it happens. The idea of a prepaid plan is to protect your money to make certain that it will pay for the funeral you have decided upon.
According to the International Longevity Centre, the average cost of a funeral in 2017 is £3,693, but this is set to rise to £5,226 by 2020. Arranging a prepaid plan means that you can protect yourself and your loved ones from these rising funeral costs.
In addition, there are certain guarantees that come with this type of funeral insurance, such as knowing that once you've paid for it all the services under the plan will be covered.
Your plan will also mean that there will be no extra charges for these services, even if the costs have increased in the interim, which protects your family and friends against unforeseen fees.
Each funeral provider will offer different levels of cover, so you need to make sure you’re choosing the right one. There will be exceptions to each plan, meaning it’s important that you know what you’re paying for.
It’s important that you look into what the proposed plans cover you for, so you can make proper comparisons
A prepaid funeral plan is a major investment, so you need to ensure you have all the information you need before you decide to buy.
Here are some key considerations when selecting the funeral plan that is right for you:
There are many benefits attached to putting a prepaid funeral plan in place, for both you and your loved ones.
A prepaid plan allows you to make decisions about the kind of funeral you want, meaning everything is in place when the time comes.
You can make it clear what type of funeral you want and rest assured your decisions will be honoured.
Investing in this type of policy means you can beat rising funeral costs, saving your loved ones financial distress in the future.
If you can’t afford to pay upfront for your plan, you can stagger the cost to make sure it’s affordable.