Just like buying a home or a car, a funeral plan is a vitally important product to purchase. However, you should take your time and not rush in choosing the right funeral plan and provider for you.
Funeral plans vary widely in terms of what is included and the cost and payment duration available to you, so it is very important you do plenty of research to find the best funeral plan for you before committing to anything on paper. AE Hicks looks at some of the important factors you should certainly consider before taking out the best prepaid funeral plan available to you.
Security Of A Funeral Plan
Make sure the plan provider is registered with the Funeral Planning Authority (FPA). The FPA is an organisation which has been set up by funeral directors and the funeral industry to regulate providers operating in the UK pre-paid funeral market and protect the consumer. Any provider registered with the FPA has illustrated they can work to the high standards set out in the strict code of practice and have submitted their finances and company procedures for review.
When searching for the best funeral plan to suit your needs, we recommend looking for a funeral plan provider registered with the FPA. Not only will you receive extra protection, buying a plan through a registered provider will allow you access to an independent dispute resolution process should you have any problems with your provider.
As a registered provider with the Funeral Planning Authority, our pre-paid funeral plan partner, Golden Charter will help protect customers and give them the extra reassurance they will receive the funeral they have paid for.
Funeral Plans And Inflation
Funeral plans v guaranteed over 50’s policies – Many people have savings set aside to cover their funeral costs. But with very low interest rates, and the rising costs of funerals, there is no guarantee the money you have saved will cover your funeral costs in the years to come.
Many others look to guaranteed over 50s insurance policies; however, the majority of these policies only offer a lump sum payment at the time of your death. These insurance policies do not cover your funeral director’s costs which in turn, could leave your family with additional costs to cover at an already difficult and emotional time.
The funeral plan takes into consideration how much can you afford to pay and how often. We understand not everyone can pay for their funeral plan in full. That is why with a pre-paid funeral plan from our partner Golden Charter, you can choose a payment option to best suit your budget.
From low cost monthly instalments and fixed monthly payments to 12-month terms and paying in full, there are payment types to suit you.
Compare Funeral Plans
Although funeral plans tend to guarantee the funeral director’s services included in the plan, your choice should be based on what is included in the plan. For example, a basic plan may only include a simple coffin and a hearse, whilst another may include bereavement services, a high quality or superior coffin alongside limousines for your family members or mourners. When choosing your funeral plan, we recommend evaluating which plan best suits your requirements at that time.
Planning Your Funeral
Before selecting a funeral plan provider, you should consider the type of funeral you want. Having a funeral plan can provide your family with useful information about where you want to die, whether you would prefer a burial or cremation or have a preference over flowers, hymns, readings or music you would like to have at the service, many funeral plans allow your wishes to be documented.
About Albert E. Hicks Funeral Directors
Albert E. Hicks Limited Funeral Directors Newport have been serving the local communities of Newport, Gwent and South Wales for over 90 years.
Established in 1923, we have extensive experience in delivering funeral services throughout Newport and South Wales. We pride ourselves on providing compassionate funeral services that are tailored to reflect the personality of a loved one.