Funeral Plan Review Part 4 – Dignity

Feb 6, 2014
Funeral Plan Review Part 4 – Dignity

dignity funeral plansIn the final part of my funeral plan review (updated 27th June 2017) 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: Save £75 on all Dignity Funeral Plans when you buy through us

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 4 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 4 plans namely the Restricted Plan, Amber, Pearl and Diamond offer standard, midrange and superior levels of service. (The Restricted Plan has more restrictions than the Amber Plan and is cheaper)

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 Restricted Plan - £2,995 

  • Dignity Amber Funeral Plan- £3,395

  • Dignity Pearl Funeral Plan - £3,749

  • Dignity Diamond Funeral Plan - £3,999

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 April 2017 Dignity reduced their prices along with most other providers as the funeral plan market has become more cometitive. In addition, the Dignity Diamond Plan was awarded 5 Stars by Defaqto the independent finance review company. 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 £75 cashback when using our service

If you are interested in finding out more about dignity funeral plans click on the link. 

Ashley Shepherd is an Over 50s Personal Finance Expert

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