Funeral Plans for under 50s

Updated 3rd May 2022

An under 50 funeral plan could be a good idea as the younger you are, potentially the more money you can save on funeral costs. Funeral plans for under 50 year olds are available with many UK funeral plan providers although some companies specify that you should be 50 or older. 

Do I need an under 50 funeral plan?

An increasing number of people under 50 years of age are now considering prepaid funeral plans as part of their financial planning and protection needs.

At the end of the day, buying a funeral plan sooner rather than later can benefit you in a couple of ways:

  • You are protecting your family from the stress and upset of arranging your funeral when the time comes and finding the money to pay for it. Instead, all they will need to do is make one phone call and the funeral director will take care of everything as detailed in your plan.
  • Although costs reduced last year, probably as a result of covid restrictions, historically the cost of funerals has increased above inflation. As a funeral plan fixes costs at today’s prices avoiding future inflation, you could be saving a substantial amount of money.

Without taking into account flowers, memorials or legal services should probate be required, the average cost of a funeral in 2021 was £4,056, which Sunlife predict could well rise to over £5,000 by 2026. So a prepaid funeral plan could make life easier, removing this financial burden from your family.

Alternatives to under 50 funeral plans

A funeral plan could be worth considering if you would like to and arrange and pay for your service in advance. However, if you prefer to leave money to loved ones to use how they wish, you could consider life insurance.

Life insurance gives you the flexibility to provide financial protection for the whole of your life, or just a chosen number of years, perhaps whilst family are more dependent on you. It all depends on the type of life insurance you choose.

So, if you want to arrange and prepay your funeral services, you may want to consider a funeral plan:

Under 50 funeral plan quote

Over 50 funeral plan quote

Or if you prefer to leave a cash sum to family, then life insurance may be more suitable:

 Get a life insurance quote 

What age can you start a funeral plan?

With the majority of funeral plan providers, you need to be at least 18 years old to apply although some only accept customers who are 50 years of age or older.

You also need to be a UK resident; other than that, you’re application is guaranteed to be accepted.

What are the benefits of an under 50 funeral plan?

The sooner you buy a prepaid funeral plan the more money you could potentially save your family as essentially you are paying at today’s prices, avoiding future inflation. In addition to these savings, the benefits of an under 50 funeral plan are as follows:

  • It removes the worry of having to arrange a funeral from your family at what will undoubtedly be an extremely difficult and upsetting time.
  • You get to choose the type of funeral you want and say goodbye ‘your way’.
  • You can shop around and find the best under 50 funeral plan for you at the right price, something families are reluctant to do when the time comes.
  • You can personalise the funeral service and add special wishes such as a favourite piece of music or poem.

Under 50 funeral plans - what to consider

No all prepaid funeral plans for the under 50s work in the same way, so it is important to fully understand what services are included and read the small print before you choose the best plan for you. For example some prepaid plans will only include a contribution towards the cremation fees which could leave your family with more to pay, whereas other plans will fully guarantee these costs.

Choosing a company that is registered with and therefore regulated by the Funeral Planning Authority (FPA) will ensure your momey is held securely. This way you can be sure your chosen under 50 funeral plan provider has demonstrated that they comply with the FPA’s rules and strict code of practice.

How do you pay for under 50 funeral plans

When it comes to paying for an under 50 funeral plan there are a number of options available to you. You can of course pay in full with a single payment or spread your costs with monthly instalments if you prefer. The monthly payment options available to you will vary from company to company; for example some plan providers will offer instalment plans between 1 and 10 years whereas others have payment options available up to 25 years.

It’s important to understand and be comfortable with the monthly payment you choose and also the total cost of the plan once payment is complete.

So funeral plans for under 50 year olds are available and your acceptance will be guaranteed, with no health questions or medicals - just a simple application form.

To see how much an under 50 funeral plan may cost you, why not compare funeral plans from the UK's leading providers?

Compare under 50 plan quotes

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