Funeral Plan Review Part 4 – Dignity
Feb 6, 2014
In the final part of my funeral plan review (updated 20th October 2016) I look at Dignity funeral plans; the product provider behind a number of large, well known companies such as Age UK, Post Office, Legal & General and RIAS.
For the purpose of this review I will be focusing on the funeral plans offered under their own, Dignity brand.
Stop Press: Beat the price review and save £150 when you buy a plan before 19th December 2016
Who is Dignity?
Dignity was the first company to launch a funeral plan in 1985 and is now the largest funeral plan provider in the UK. It has a network of 770 Dignity owned and 400 independent funeral directors and is a registered member of the Funeral Planning Authority (FPA).
How do Dignity Funerals work?
With Dignity funeral plans your money is placed in an independent Trust Fund managed by Prudential M&G Management. The fund is audited on an annual basis with results published and available in their Annual Trust Fund Report.
What funeral plans do they provide?
Dignity funerals provide 3 funeral plans that guarantee to cover the cost of a traditional cremation or some of the costs of a burial. As with other funeral plan providers, the 3 plans namely the Amber, Pearl and Diamond offer standard, midrange and superior levels of service.
What are the payment options?
There are two payment options; in full or by instalments.
If you choose to spread your payments you can opt for 12 months, 5 years, 10 years or 15 years but be certain that you are comfortable with the overall cost as anything over 12 months incurs additional administrative fees.
What do they cover?
Dignity funeral plans guarantee all your funeral directors costs and services and unlike most providers they also guarantee your cremation costs and ministers fees.
Included in the service is advice and help with all matters relating to the funeral and relevant documentation; transport, care and viewing of the deceased; a coffin, hearse, limousines (depending on the plan level) and bereavement counselling for the family.
Their prepaid funeral plans also cover burials but third party costs aren’t guaranteed. Instead Dignity will pay a contribution of £1,200 which rises in line with inflation.
How much do Dignity funeral plans cost?
For payment in full, you should expect to pay the following for the Dignity range of funeral plans: (prices correct as at 20/10/16)
• Dignity Amber Funeral Plan- £3,435
• Dignity Pearl Funeral Plan - £3,785
• Dignity Diamond Funeral Plan - £4,185
For the 12 month instalment option you would pay the same prices but as mentioned, anything beyond 12 months will incur additional charges.
Unlike the other funeral plan providers I have reviewed, Dignity do impose an age restriction so plans are only available to customers above the age of 50 however there is no upper age limit.
From 1st July 2015 Dignity reduced their prices by £160 to reflect the removal of doctors fees from their plans as this is no longer required in Scotland and the law in the rest of the UK is expected to follow. This makes Dignity highly competitive when you consider that they also guarantee to cover the cost of cremation fees, something most plans do not guarantee but provide an allowance, so their could be more to pay depending on which part of the country you live in and of course inflation.
Why choose Dignity?
To help you decide on the right plan provider, here are some of Dignity’s key features:
• Cremation fees & Ministers fees are guaranteed to be paid in full
• They are the largest funeral plan provider in the UK
• You get a £50 discount for buying online
If you are interested in finding out more about dignity funeral plans click on the link.