Pre-paid funeral plans have risen in popularity over the last few years, but it’s essential to understand what’s involved before going for one yourself or a loved one. Each plan and provider is different, so when you consider which is best for you, there are certain considerations worth exploring to ensure you have peace of mind and the best financial preparations for your needs. It’s also good to know that pre-paid funeral plans in the UK are now regulated by the Financial Conduct Authority (FCA), which provides greater protection and screening of providers for additional peace of mind.
What is a Pre-Paid Funeral?
A prepaid funeral plan allows for payment of essential funeral elements in advance, either for yourself or someone else. Plans cover many costs associated with a funeral, but not all. For example, if a pre-paid plan is in place when you die, loved ones will have less to organise and pay for your funeral. Plans are available with monthly payments or lump sums at intervals. Some may also have an upper age limit which requires a complete and upfront payment rather than making payments at intervals. So, as the average funeral cost these days is £4,000 or more, it makes sense to take the pressure off your loved ones and handle the arrangements yourself.
Why Have A Pre-Paid Funeral?
A pre-paid funeral plan allows individuals to make arrangements for the funeral they want in advance, allowing you or your family to research and decide what’s best for your circumstances, and purchase the most suitable plan for you. Advanced planning is often easier and relieves your loved ones of pressure and the cost of your passing. It also clarifies the cost and funeral elements included while fixing funeral-related expenses ahead of time to balance for inflation.
Some people elect for a pre-paid funeral to get ahead of financial issues that may come with a funeral and as a way to put their affairs in order well ahead of time. Many want that additional peace of mind that comes with feeling organised and that things are taken care of. Others’ primary focus is to relieve their families of any obligation, including the financial burden of their passing. For these reasons and others, a pre-paid plan makes sense.
While even thinking about a funeral can feel challenging, many people feel it’s better to do it themselves rather than leave it for others. However, doing it all ahead also provides the opportunity to have practical and honest conversations while arranging your funeral exactly how you would like it to be. A prepaid funeral plan will help you choose all the elements that are important to you for your funeral, with your chosen professional taking the lead when the time comes.
Contact County Funerals for Pre-Paid Funerals
When considering a pre-paid funeral, consider County Funerals. We handle all arrangements with respect and care, helping you to plan every detail. Visit the County Funerals website or call our funeral directors here.