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Thinking about your own funeral may not be the most tantalising of thoughts, but with prices of funerals rising by a whopping 5% every year, it’s hard not to fear the bank-breaking bill that your family may be faced with.
That’s why it’s important that you choose the right funeral plan now in order to save your family a hefty bill. Here are a few tips on how to do exactly that:
Choosing an unregulated one may seem like the easiest way to get your hands on the cheapest plan out there, but it may actually trick you into paying a contribution to all the 3rd party costs rather than covering the entire funeral and wake.
The cost of funerals has gone from £1,900 in 2004 to £4,000+ in 2017, and it’s very likely to go even higher in the upcoming years. If you want to savvy saver, then it’s best to buy your plan (often called a Funeral Insurance) this year before it becomes even more expensive.
While most plans are only available to those older than 50 years of age, plans offered by the Co-op can be purchased by those as young as 18 years old.
Be sure to check our comparison tables and listings to find the funeral plan that’s right for your budget.