Are prepaid funeral plans a good idea UK?

A funeral plan could be a good idea if you prefer to make your own funeral arrangements however prepaid funeral plans do have their pros and cons. For example, paying for your funeral at today’s prices avoiding inflation may seem like a great idea, but not so great if there are hidden extras.

What is the cheapest funeral plan UK?

10 Cheap Funeral Plans

• Golden Leaves – Prices from £1,644 – Click here to visit Golden Leaves and get more information on this deal.
• Dignity – Costs from £2,795.
• Co-operative Funeral Care – Costs from £2,895.
• Memoria – Costs from £2,490.
• Age Co – £2,770.
• Golden Charter – Costs from £2,895.
• Pride Planning – £2,495.

How old do you have to be to plan a funeral?

18 years old
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.

Does Martin Lewis Recommend funeral plans?

Martin Lewis states that a funeral plan could be a good idea for some, but not for everyone. If you have the funds available and want to protect your family, a funeral plan could be a good idea. And as plans are not included as part of your estate, they are exempt from inheritance tax.

Are funeral plans a con?

CON: Not yet regulated by the Financial Conduct Authority (FCA) Currently, funeral plans aren’t regulated by the Financial Conduct Authority (FCA). The FCA regulate the financial services sector with the primary aim to protect consumers and ensure they get a fair deal.

How much does a basic funeral cost UK?

The average cost of burials in the UK is £5,033*. This comprises burial fees, minister or celebrant fees, and funeral director fees. The cost of a basic funeral in England varies from around £5,235 in London, to an average of £3,785 in the North West.

Who is entitled to arrange a funeral?

You are most likely the right person to make the funeral arrangements (if you lived together for at least 6 months before the date of death). If the person who has died was married, in a civil partnership or living with a long-term partner when they died, this person is likely to have priority over you.

What is the best funeral plan in the UK?

Compare Funeral Plan Providers – the 10 best

• Golden Leaves. Golden Leaves offers great pre-paid funeral plans starting from £19.57 per month.
• Coop Funeral Care. Coop Funeral care is a leading service provider in the UK.
• Safe Hands.
• Golden Charter.
• Sunlife Funeral Plan.
• Avalon Funeral Plans.
• Dignity Funerals Service.
• Age Co.

What company has the best funeral plan?

The best funeral plans and funeral cover, in alphabetical order, are:

• Age Co – Rowan Plan.
• Choice – Essentials Plan.
• Choice – Plus Plan.
• Co-op – Gold Plan.
• Co-op – Silver Plan.
• Dignity – Diamond Plan.
• Dignity – Pearl Plan.
• SunLife – Traditional Plus Plan (Cremation)

How much does a funeral plan cost in the UK?

Most Popular: From just £3,070 or £37.99 / month^. Burial or cremation. Age Co Traditional Funeral Plans offer a wide choice to suit different tastes and are suitable for religious or non-religious services. Like all our plans, costs for services outlined in your plan are guaranteed to be covered at today’s prices.

Who can take out an age co funeral plan?

Taking out an Age Co Funeral Plan is easy. Anyone aged 50 and over can apply and there are no health questions to complete.

What are the benefits of a funeral plan?

A funeral plan allows you to pay and plan for your funeral in advance, helping to reduce stress and worry for your loved ones and fixes the cost of the services in the plan at today’s prices. All four plans have a 100% money back guarantee and are guaranteed to cover Funeral Director’s costs. Cremation fees and minister’s fees^ are also included.