Why Covering Your Funeral Is Important in 2018

Depending on your needs and budget, there are a few options to consider when paying for a funeral in advance. The two most popular are funeral plans, and funeral insurance.

While it’s never nice to consider the financial impacts that your death will have on your family. It’s essential to plan for the future. It’s important to consider different options that would be very beneficial and invest in the inevitable. 

Why use a funeral plan?

Due to the rapid increase in funeral costs, funeral plans have grown increasingly popular over the years. Even a basic funeral can cost at least £3,625 and that is the cost before flowers and catering, which can be another huge expense! Here’s why people opt for a funeral plan:

✓ Protection for your family

A funeral plan taken out today will protect you and your family from increases in funeral expenses. Funeral costs are on the rise and taking it out sooner will not only be beneficial for the future but help protect against these costs. As well as relieving your family from the additional financial stress.

✓ Affordable

Just like most forms of cover, you have the option of paying a monthly premium or paying one lump sum. This allows people the flexibility to decide what payment method works best for them.

✓ Peace of mind

A funeral plan will give yourself and your family peace of mind knowing that your funeral costs are covered. This gives your family one less thing to worry about, in this difficult time for them.

✓ Choice

Having a funeral plan gives you the opportunity to have the funeral that you wish to have. Being able to plan it as you wish will relieve your family’s stress of planning it and allow them the time to grieve.

How do they work?

You pay either a lump sum or instalments to the plan provider, or to a funeral director. The aim of both methods is to safeguard your money until it’s needed, ensuring that it’s used to provide the funeral you have paid for.

How secure is my money?

The Funeral Planning Authority (FPA) regulates providers in the UK pre-paid funeral plan industry. When you pay, you benefit from Section 75 of the Consumer Credit Act. This means you can get extra protection if things go wrong with the funeral director.

Taking a funeral plan out is easier than ever, more affordable than many people think and no medical tests are required. Get a free quote for a funeral plan today in a matter of minutes by selecting your gender below.

Why Use Funeral Insurance?

Another way to pay for your funeral in advance is to take out funeral insurance. This is an insurance policy that will pay out a fixed sum towards the cost of a funeral when you die. However unlike a funeral plan, you pay a fixed rate to an insurance provider for a set period of time. Unlike the funeral plan, this is not an investment, meaning you get what you pay in.

If you want to have more control over your funeral, as well as peace of mind that everything is taken care of, funeral plans is the right choice for you. If you’d rather opt to leave a lump sum of cash for your loved ones to arrange your funeral, then funeral insurance is more suitable for you. Both offer great services for your funeral, and ease the stress of both you and your loved ones.

Next Steps
Click the link and see how much you could save your family, and remove the stress of your shoulders.

* Sourced from SunLife’s Cost of Dying 2016 report on the Telegraph.