Prepaid funeral plans can be a lifesaver for your family when they’re at their most vulnerable. But with so many options available, how do you know which one is right for you?
Some plans provide assurance of services from a funeral director, while others give your family an allowance towards third party costs. Be sure to compare the level of cover available and what it includes.
Golden Charter
Golden Charter, the leading independent funeral plan provider in the UK, provides customers with a straightforward choice between lump sum or monthly insurance premium options. They boast an impressive reputation for customer satisfaction and are affiliated with over 2,900 independent funeral directors across England.
Golden Charter funeral plans provide you with peace of mind by securely transferring all payments made under the plan to an independently managed trust, so that any funds paid can be accessed promptly to cover funeral costs. This meets the highest legal standard required and ensures your money remains secure.
A funeral plan can help secure the cost of your chosen services at today’s prices, guaranteed. As your funeral director, we’ll hold full details of your plan so it can be activated and organized when needed.
Dignity
Dignity is one of the largest funeral providers in the UK, boasting 350 funeral directors across the country as well as an expansive network of crematoriums and burial grounds.
They provide pre-paid funeral plans and at-need services. Their prepaid funeral plans are perfect for those who like to plan ahead, with various payment options available.
Prepaid funeral plans offer you the freedom to select specific services for your loved one’s memorial service, helping protect them from the rising costs associated with funerals. They’re an excellent way to protect those you care about from unexpected costs associated with funerals.
Pay for a Dignity funeral plan either all at once or in monthly instalments that are free of extra fees. They’re regulated and authorized by the Financial Conduct Authority, meaning your money is protected should they go bankrupt.
Avalon
Avalon is one of the largest and highest rated funeral plan providers in the UK, having been established since 1990 and working with more than 1,800 independent funeral directors across both Europe and the UK.
Their plans have been recognized as the ‘Best Funeral Plan Provider’ for three consecutive years by The Personal Finance Awards and are also Defaqto 5 star rated.
They operate throughout the UK and Europe as members of the Funeral Planning Bureau, offering a selection of flexible pre-paid funeral plans tailored to each individual’s requirements.
Your Avalon plan secures all payments made through a trust that is independently managed by investment managers, shielding you and your family from the potential financial repercussions of any failure.
SunLife
SunLife has become a household name in the UK due to its guaranteed over 50s policies. Its TV advertising campaigns feature celebrities like Michael Parkinson and Frank Windsor.
These over 50s funeral plans offer guaranteed acceptance – meaning you can apply regardless of any medical issues you may have. However, they can also be quite pricey.
After making payments for a certain period (usually one or two years, known as the moratorium period), and not missing any payments, you will be covered for your chosen funeral services.
Finding the ideal funeral plan can be overwhelming with all the choices available on the market. To make an informed decision, take time to compare products and prices thoroughly.
