Prepaid Funeral Plans; why you should act now to save up to £500 on funeral costs

Jan 31, 2014
Prepaid Funeral Plans; why you should act now to save up to £500 on funeral costs

Prepaid Funeral Plans are becoming more popular these days and it’s easy to see why;

•    Funeral costs have been rising at an alarming rate over the last 10 years; from £1,920 in 2004 to £3,702 in 2015 – a staggering jump of 80%
•    Funeral plans are now seen as a way of saving money by freezing costs at today’s prices – just look at the difference between interest rates on savings accounts, currently around 1% compared to 6% inflation on funeral costs
•    With a range of payment options starting from around £22 a month, funeral plans are now more affordable to a much wider audience
•    They are becoming more easily accessible via the phone or online
•    We’re all going to die

Hard as that last point may seem, it’s true; there’s no avoiding it; it will happen – trust me!

So what’s all the fuss about and why should you act now if you are thinking of buying a funeral plan? Well the answer quite simply is that you could save up to £270.

With spiraling costs, funeral plan providers tend to put their prices up on an annual basis, to keep in line with associated funeral costs. Whilst the majority of funeral plan providers have already put their prices up, Golden Leaves, Golden Charter and the Funeral Planning Service have yet to do so; so when it comes down to looking for the cheapest funeral plans, these 3 companies really stand out. See for yourself with our funeral plans comparison guide.

funeral costs 

Of course choosing the right prepaid funeral plan isn’t just about money; it’s also about quality of service and most importantly your individual needs; so if you’re in the process of comparing funeral plans, it’s worth looking at the different levels of cover on offer to see what is included in each.

You will find all the information you need by searching online; going to the funeral plans section on our website, or if you want to talk through your options use our free funeral planning advice service.

Whatever you do, don’t leave it too long. Golden Charter plan to increase their prices on the 1st April 2014 and the rest will follow. As I keep saying, it pays to shop around and compare.

Ashley Shepherd is an Over 50s Personal Finance Expert

ashley shepherd

Our Trusted Partners

over 50 life insurance    funeral plans   equity release         best energy deals   over 50s car insurance  making a Will