Where is your head on prepaid funeral plans?

Jun 11, 2014
Where is your head on prepaid funeral plans?

I was recently given details of a survey on prepaid funeral plans carried out by a funeral director, the results of which proved quite surprising.

When asked if they had considered buying a prepaid funeral plan, only 7% of those surveyed said they had already bought one but a whopping 56% stated that they had considered it but hadn’t got around to doing anything about it.

Why is that I wonder? What is it about prepaid funeral plans that makes people reticent when it comes to making a buying decision?

Is it the cost? With plans ranging from £3,000 to £4,000, it’s not a purchase that many can afford to take lightly although having said that, monthly payment options do make them more appealing to a much wider audience.

Is it the subject matter that puts people off? Although inevitable and something we all have in common, death is not an easy topic of conversation at the best of times.   

Is it perhaps concern and confusion over making the right choice, choosing the best funeral plan or the right provider?

Or is it just that there needs to be some form of trigger to make us act? The death of a relative; a parent moving to a care home or an illness?

Pre-paid funeral plans give you the chance to put plans in place today, removing the delicate and often distressing decision making process from your family when the time comes. You also get to pay for your services at today’s prices, avoiding the impact of inflation, which could be quite a saving when you consider that funeral costs have risen by around 7% pa for the last 9 years.

It’s no surprise then that more people are choosing to put plans in place ahead of time but to relieve families from the painful financial consequences of doing nothing, more of us need to play an active role when it comes pre-planning a funeral.

At the end of the day the longer you wait, the more expensive it will be; so if you have the funds available or are comfortable paying an agreed amount on a monthly basis, why put it off any longer?

The survey also showed that only 4% of people had no interest in pre-paid funeral plans but a 33% either knew nothing about them, or didn’t know enough to make a decision which means more needs to be done to make people aware of their options.

It would be great to understand where your head is when it comes to prepaid funeral plans so do let us know your thoughts and experiences today. 

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