A funeral plan is a way of pre-paying for a funeral in advance. This lets you fix in the price of the funeral at today’s prices. When the time comes, your family just has to make one phone call to a local funeral director. The funeral director would already be aware of the funeral plans and they would have been paid in advance.
With a prepaid funeral plan, you can choose between a cremation or a burial. You don’t have to choose straight away or in advance.
Funeral plans vary from plan to plan. You can choose from a very cheap basic funeral plan, or go for a very extravagant plan depending on your preference and budget.
What is usually included:
- All funeral director costs
- A minister to conduct the funeral ceremony
- A coffin
- A hearse
- Care of the body
- Crematorium fees
The price of a funeral in the UK is rising at an astonishing rate. When you prepay for a funeral plan, you guarantee that you lock in the price of a funeral at today’s prices.
So for example:
If you bought a funeral plan today at £3500 and the plan wasn’t used for 20 years. You wouldn’t be expected to pay £14,000 for the future cost. Your original funeral plan (which cost £3500) would cover all of these future costs.