In 2019, the average cost of a funeral was £3785*. This figure is increasing on an annual basis, and there may not always be sufficient funds available to cover such costs. This can often lead to difficulties for your loved ones, and they may have to assist with your funeral costs themselves.
A funeral plan allows you to fix the cost of your funeral at today’s prices. They can be a simple and thoughtful way to provide for you and your family, and allow you to take care of the things you would prefer not to pass on to your family after you’ve gone e.g. funeral costs, and the stress of making detailed arrangements. Instead, you give your family the comfort and reassurance that they are carrying out your specific wishes.
When you take out a funeral plan, you have the reassurance that your money is protected. Your money is invested to ensure that whatever happens, there will be sufficient funds available for your funeral to take place as you’ve specified. This provides protection against inflation, and rising costs.
* Royal London National Funeral Cost Index Report 2019