Pre-paid funeral plans seem to be fashionable and everywhere at the moment and it might be that you too are considering making financial provision for the cost of your own funeral.
Why Do I Need A Pre Paid Funeral Plan?
Shown below are just some of the reasons why a funeral plan from your local funeral director might be the right choice for you and your loved ones. Of course the answer to the question is that you do not need a funeral plan. Thousands of people die every year without funeral plans in place. But for those wanting to ensure that the loved ones are not left to deal with decisions of their funeral and that financial provision is in place, a pre-paid funeral plan is usually a practical and emtional decision and solution.
How Much Does It Cost To Have A Funeral?
The SunLife Cost of Dying report indicated in 2016 that the average cost of a funeral is now nearly £4,000. This means that when someone dies, those left behind are suddenly faced with the significant financial burden of having to find this money if there is insufficient value in the estate. Another report by the British Seniors Insurance Agency found that the unexpected cost of a funeral service has landed many people in debt as young people in particular turn to credit and loans to cover the cost of a loved one’s funeral service.
One of the main reasons people at any stage of life choose to take out a funeral plan is to ensure that they have put financial provisions in place so that in the event of their death their family members or friends aren’t left with a significant bill to pay. For the planholder it represents taking responsibility for the cost of their own funeral service and it ensure peace of mind for those who are left behind.
Making Funeral Arrangements
Often and understandably, the stress of making funeral decisions can compound the effects of grief. For many people, the main reason to take out a funeral plan is to make a formal record of detailed funeral arrangements so that when the time comes, this responsibility does not fall to loved ones left behind.
The fact is that while research from awareness group, Dying Matters, shows that two thirds of the UK public feel comfortable discussing death and dying, speaking about specific funeral arrangements with family and friends is something we still find incredibly uncomfortable and distressing. Because a funeral plan is an arrangement between a funeral director and the planholder, the conversation is a professional and candid run through of organisational procedure and arrangements. It means that when the time comes, precise details of the funeral service have already been pre-arranged and those left behind are not burdened with difficult funeral decisions at what is usually an extremely difficult time.
Choosing A Funeral Director
A report on the funeral planning industry from the consumer awareness group Fairer Finance (July 2017) found that there is evidence of funeral planning firms promising consumers that they can choose their funeral director without verifying the arrangement with the funeral director in advance. A pre-paid funeral plan purchased directly from your local funeral director will ensure that it will be that firm conducting the service when the time comes.
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