Why Should I Get Funeral Cover for my Own Funeral?

A sad fact of life is that at some point we will all die. Even though we all know this to be true, very few of us are prepared financially for our own funeral, leaving our loved ones who are left behind with the financial burden of paying to bury us. Coupled with this is the fact that the cost of funerals increases with every passing year. Therefore, it makes sense to start planning for your funeral today.

The Pre Paid Funeral Plan

One of the most user friendly and safest financial options for those who wish to safeguard the cost of their own funeral, is to use a pre paid funeral plan. What this entails is that when you set up your plan with either a funeral director or funeral provider, that the money that you pay in will go either to a trustee or to the insurance company. This money is then secured until it is needed to pay for your funeral.

Flexible Payments or Lump Sum

How you pay for your funeral cover is entirely up to you. Some people choose to pay in one lump sum, while others may take up to 60 months to pay the full amount. This choice very much depends upon your age, obviously the older you are the shorter time scale is more desirable, and your financial situation.

So Why Should we Purchase Funeral Cover?

Well the benefits of paying in advance obviously give you peace of mind, as the key factor here is taking away the financial responsibility from your loved ones. Ultimately you are paying in advance for the service, knowing that when the time comes, your funeral costs will be covered.

The Cost of Funerals

Funerals can cost thousands of pounds, recent figures suggest that the average cost of a funeral within the UK is £3,250. Worryingly, information from the charity Age Uk, suggest that the cost of a funeral in the UK, in 2020, will cost, £4,620. Therefore with the knowledge that funerals will increase, costing you more the longer you leave making a decision, then the time to act is now. This is because once you sign a funeral pre paid agreement, the cost for the funeral is set from that date.

Choosing Your Plan

There’s ever been a better time to opt in to a funeral plan than now. There are so many flexible plans and packages out there to choose from, to suit any age and budget. Just be sure to read the plan fully, to make sure that you are getting what you pay for.

Funeral cover is something we all need to consider, and we need to do so today.

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SO my Plan What May it cover in the future , what are the Main Costs

How Much Is A Funeral Going To Cost Me?

The cost of arranging a funeral is on the rise, so it’s no wonder that many people are asking how much is a funeral going to set them back. Recent evidence has shown that a typical funeral can now cost around £7,000, however this depends very much on the type of funeral that you are wanting, the services you require and the extras that you want to organise. Here are some of the average costings for aspects that many people wish to have included in their funeral, so if you want to know how much is a funeral going to cost, read on.

Funeral Director

Most people use a funeral director to make all the necessary arrangements. Their services include storing the body as well as providing staff, a coffin and a hearse for the day of the funeral itself. These services cost an average of £1,800.

Burial or Cremation

Depending on whether the deceased wishes to be buried or cremated, this could add around £1,750 to the total cost, with cremation being cheaper at around £660. You may need to pay extra if you require the services of a minister – around £160, and a headstone or memorial may be another £770.

Doctor’s Fee

If the deceased is being cremated, you will need to pay a doctor’s fee to certify the death. This costs around £165.

Flowers

If you wish to arrange floral arrangements for the funeral service, this could cost around £150 depending on how extravagant you wish the display to be.

Announcement

If you wish to announce the death in a newspaper or obituary column, this could cost you around £70. If you then wish to post a second announcement with the time and date of the funeral listed, this could cost another £65.

Limousine

If you wish the family members to arrive at the church or crematorium together, you may need to arrange a limousine for the mourners. This can cost around £230.

Order of Service

If you wish to produce a professional order of service for the funeral, this could cost around £60.

Venue and Catering

If you are holding a wake or reception after the funeral, you will need to arrange a venue and pay for catering. This can cost around £400.+

As you can see, the answer to “how much is a funeral going to cost?” comes to a very high figure, so it makes sense to take out a funeral insurance plan to protect your loved ones from this expense.