Why Buy a Pre-Paid Funeral Plan Today?

Pre-paid Funeral Plan Provides “Peace of Mind!”

To help you decide whether you need a pre-paid funeral plan; I have suggested reasons why it’s a good idea to purchase a funeral plan sooner rather than later. Pre-paid funeral plans are gaining in popularity as people become anxious and concerned about how they will pay for their funerals in the future. During the last century families use to save money for their funerals. By the mid 1950’s many people were paying into a life insurance policy on their door step as a way of paying for their funerals.  Pre-paid funeral planning is certainly here to stay.

pre-paid funeral plan

We know the pharaohs’ were into funeral planning in a big way and built monumental tombs to house their kings. The Vikings would burn their boats in order to conduct a Viking burial at sea. In the past you either had enough money like the pharaohs’ to have an extravagant funeral or dying was not an expensive cost as most people were either buried or cremated in a shroud. If you were unlucky to poor then a pauper’s grave was the best you could expect. This was a funeral paid for by the state when the estate of the deceased person or the relatives of the deceased person did not have sufficient funds to cover the funeral cost.

Fast forward to 2014 and the cost of dying has increased faster than inflation. Well the answer lies in the fact that seven years ago the average funeral cost less than £2,000 and today the average cost is around £3,500. *as found by Mintel Research. It’s astounding to think that the cost of a funeral has increased by around 60% in just seven years whilst wages have stagnated during this period. The latest statistics from Mintel Research further suggest that the cost of a basic funeral in 2020 will be around the £6,220 if this trend continues.

Talking with people who have recently been bereaved I found that £5,600 was a price being paid today for some funerals in the UK today. A gentleman I was talking to last year told me that it cost him just over £10,000 to have his sons’ body repatriated from Germany and buried in North Manchester.

Dying today has become expensive and leaves most of us wondering what the cost of a funeral  might be when we die and will we be able to afford it?  This is of more concern for pensioners who are retired on a fixed pension and limited savings.

Click here for more information about Golden Charter Pre-Paid Funeral Plans

What Does A Pre-Paid Funeral Plan Provide?

By purchasing a pre-paid funeral plan you are paying for your funeral director’s services at today’s prices irrespective of any future price increases. You are effectively fixing the cost of your funeral director’s services at today’s prices with a guarantee that there will be no more to pay for these in the future. This is good when you consider that we are all being told by the media that we are living longer.

56% of Adults
in the UK
Do Not Have
A Valid Will

Knowing that you have a pre-paid funeral plan means you can rest assured in the knowledge that your funeral arrangements have been taken care of in advance. This will provide you with ‘peace of mind’ that your affairs are in order and will hopefully lessen the heartache and financial stress caused to your family at the time of your death.

Most married couples do not realise that when a partner dies their joint bank account is frozen. This means that the surviving partner cannot make any withdrawals  until probate has been completed. Probate can take  from a few months to a few years to complete depending on the Will. This causes a lot of stress to the surviving partner as it leaves them locked out of their joint bank and savings accounts with no means to pay the mortgage, council tax and any other daily living costs. In fact when anyone dies their bank and saving accounts are frozen until probate has been completed.

A Golden Charter Pre-Paid Funeral Plan allow you to choose from over 3,000 local funeral directors nationwide to take care of your funeral arrangements. You can also plan your funeral service down to the last detail, like deciding on:

  • the type of coffin
  • whether to you wish to be buried or cremated
  • if you want flowers or donations to your chosen charity
  • one or two funeral cars
  • the kind of funeral service
  • whether you would like religious hymns or your favourite blues band playing you out at the end.

Believe it or not there is a pre-paid funeral plan available to suit most budgets. You can choose to pay upfront or over 1 year to 10 years or just a fixed monthly amount until they are 90 years old or until they pass away, whichever happens sooner.

“that People are now burying relatives in the back garden in order to SAVE Money on
Funeral Costs”

Please note that each pre-paid funeral plan includes an allowance towards the fees for burial or cremation and the recommended payments to doctors and the officiant. Any specific requirements such as an organist or choir, or an additional ceremony elsewhere from the crematorium, will incur additional charges.  A pre-paid funeral plan does not include the purchase of a grave, but include an allowance towards the opening of a new grave. Please see Golden Charter’s terms and conditions for full details.

Another good reason to buy a pre-paid funeral plan is that Golden Charter guarantees that you will be accepted with no health restrictions. Request a Brochure

The only restriction with paying a fixed monthly fee is that the applicant must to survive more than twenty-four months in order for the funeral director service’s to be paid for under the terms and conditions of the agreement. In the unfortunate situation that someone should die before the two years is finished then Golden Charter will refund all the monthly payments made plus an additional 20%.  The selected funeral director can still carry out the service as defined in the original plan and the balance would be paid by the family or the estate.

Click here for more information about Golden Charter Pre-Paid Funeral Plans

To Buy A Pre-Paid Funeral Plan or Not Was the Original Question?

We started this article asking whether you should Buy A Pre-Paid Funeral Plans or not? By now I am sure you have realised the many benefits provided by Golden Charter and you will have watched video at the top of this page about why you should consider buying a pre-paid funeral plan. With a pre-paid funeral plan in place you can start living your life in the knowledge that you have ‘peace of mind’ that your final plans will be taken care of.

Any Talk Money Blog reader choosing to buy a Golden Charter pre-paid funeral plan through any link on this page will receive a FREE Standard ‘Personal Will’ professionally written valued at £149.95 to ensure their wishes are known.

Receive £100 Discount off ALL Pre-Paid Funeral Plans when paid for in full or over 12 months

(when booked online)

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2 Responses to Why Buy a Pre-Paid Funeral Plan Today?

  1. Clint November 15, 2015 at 11:13 am #

    That is a very good tip especially to those fresh to the blogosphere.
    Brief but very precise info… Appreciate your sharing this one.
    A must read post!

  2. Mark Domeskus November 15, 2015 at 9:23 pm #

    It is a great and helpful piece of info. I am happy that you shared this helpful info with us. Please keep us informed like this. Thank you for sharing.

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