The average cost of a burial in the UK
What is a funeral plan?
A funeral plan is a simple way to arrange and pay for your funeral before you die, giving you and your family the peace of mind that costs are taken care of and that your final wishes are being carried out.
You either pay instalments or a lump sum to a funeral planner, which invests your money into an insurance policy or an independent trust fund. Then, when the time comes, your plan covers the costs of your funeral and your final wishes are fulfilled. Note that some plans are more comprehensive than others, so be sure to check exactly what is included by your chosen provider.
You might think that a financial plan to pay for your own funeral is morbid – but putting a few pounds away every month could save your family from the financial burden of funding a funeral while they’re grieving.