The current cost of an average funeral plan is £4,136. You require at least ONE of three options to pay for a funeral.
- Savings, but you will have to increase them every year to cover the increase of a funeral which is approximately 12-13% per annum.
- A guaranteed life insurance policy that will pay out on death.
- A pre-paid funeral plan ensures your funeral will be paid for when you pass away, but at today’s prices. These can be paid outright or usually over a period of time depending on the provider. We can provide more information if required.