Last year the average cost of a funeral in the UK was £4,078. This is a 4.7% increase compared to the year before and it’s set to grow even more over the next decade.
That’s why it’s wise to invest in your future by taking out a pre-paid funeral plan. Surprisingly, only 16% of Brits aged 45 years and over have such a plan in place, even though they’re affordable and easy to set up. To help you make the best decision, here are some advantages on pre-paid funeral plans…
Safety is paramount
The Funeral Planning Authority (FPA) is an independent voluntary regulator of the funeral planning industry. Most companies offering pre-paid funeral plans are FPA members.
The FPA ensures all providers follow certain rules and a Code of Practice, meaning you’ll receive the funeral you’ve paid for when the time comes. It also helps customers who wish to complain about their plan or provider.
Many providers will freeze the funeral director’s fees at current prices, so your family won’t encounter any unexpected price hikes when the times comes to activate your funeral plan. It’s always a good idea to check whether the provider is freezing funeral director costs, cremation fees as well as minister fees, or just the funeral director’s fee.
Reduces unnecessary stress for your family
Whilst there’s no way of preventing the grief and stress caused by the passing of a loved one, a pre-paid funeral plan can at least take away the worry of finding the funds to pay for the funeral. With a plan already in place, family and friends will have more time to grieve and process their emotions, as well as celebrate the life of their loved one and share happy memories together.
Easy to execute
Executing a pre-paid funeral plan is quite straightforward. It involves a single phone call to the funeral director, who will then put your plan into action. The funeral director will be on-hand to assist your family every step of the way.
Tailor your funeral
Pre-paid funeral plans allow you to plan your funeral to your own specifications. Whether you’re looking to hold a traditional religious funeral or a contemporary celebration of your life, your funeral plan and funeral director will be able to accommodate this.
Unlike life insurance, pre-paid funeral plans aren’t subject to medical exams, health questions or age. Most pre-paid funeral plan providers will accept anyone over the age of 18.
If you’d like to find out more about pre-paid funeral plans, please call Elm Legal Services on 0800 019 4557.