06 / 12 / 21
Do you have to have a funeral plan?
Funerals can be expensive and can often put a financial burden on the family members or loved ones who are left behind to take care of things. This can be – especially difficult if the passing of a loved one is unexpected or sudden.
Whilst it’s not essential that you have a plan in place prior to your funeral, planning ahead helps to ensure that your loved ones are spared a lot of the emotional and financial stress at what is a very difficult time. In the UK, over one million people* have already chosen to purchase a prepaid funeral plan.
What should be considered in a funeral plan?
Opting for a prepaid funeral plan offers a cost-effective, practical solution. It will ensure that your loved ones don’t have to worry about the cost of your funeral and can mourn in peace, without any additional stress or worry.
As part of the planning process, you should decide what kind of funeral you want, e.g. religious or humanist, burial or cremation. It’s also important to think about who you want to speak to at your funeral and what kind of music you want to have played, what do you want people to wear.
Putting together a funeral plan can seem daunting, but it’s important to make sure everything will be taken care of according to your wishes.
Prosperous Life funeral plans come with a special request form allowing you to detail the service that you want.
What benefits do prepaid funeral plans have?
When it comes to prepaid funerals, there are several benefits. Perhaps the most obvious benefit is that you know your loved ones will not have to worry about the cost of the funeral directors service when the time comes. This can be a great relief for them in what is undoubtedly a difficult time.
Prepaid funeral plans also offer peace of mind, knowing that everything has been taken care of and that your funeral will be exactly the way you want it. Furthermore, prepaid funeral plans can be a good way to save money in the long run, as the cost of funerals tends to rise over time and by taking a prepaid funeral, you are fixing the costs of your funeral directors services at today’s prices.
If you have decided that a prepaid funeral plan is right for you, it is crucial to ensure that your money is safe and will be available when the time comes. With Prosperous Life, your payments will be protected via the Great British Funeral Trust which is managed by independent trustees and actuaries. You can also choose from payment options to suit your budget. These include single payments, several larger payments, or monthly instalments over a term of up to 10 years.
Who can help with your funeral planning process?
When it comes to funeral planning with Prosperous Life, there are plenty of people who can help you through the process. This includes your funeral plan manager, who will be able to assist you with your options so you can create a funeral plan that meets your needs and budget.
Friends and family can also be a great source of support, offering practical help and moral support. At Prosperous Life, we encourage families to be open about the subject of funerals to avoid unnecessary stress or the unknown when the time doe come.
How to choose the right prepaid funeral plan for you
If you want help in choosing which type of funeral plan may be right for you, we recommend reaching out to one of our team members at Prosperous Life via phone or email.
*Prosperous Life (2021). Our Funeral Plans. Retrieved 30 November 2021, from https://www.prosperous-life.co.uk/funeral-plans/
**Peachey, K. (2021). Funeral costs rise again ‘to more than £4,400’. Retrieved 9 November 2021, from https://www.bbc.co.uk/news/business-51008978
***Hooson, M. (2021). ‘Cost of Dying’ Reaches Record High. Forbes Advisor UK. Retrieved 30 November 2021, from https://www.forbes.com/uk/advisor/personal-finance/2021/01/12/cost-of-dying-reaches-record-high/