Are prepaid funeral plans the same as an over 50’s plan?
When looking at life insurance policies which provide a cash amount on death, they are sometimes referred to as funeral plans. However, this is simply not the case.
Firstly, the money paid out on death can be spent by the beneficiary on whatever they wish, and it may not be enough to cover a funeral. Also, with no contractual agreement with a funeral provider, your loved ones would still need to make the necessary choices and arrangements with a funeral director.
So, to put things straight, prepaid funeral plans aren’t the same as over 50’s life insurance.
What happens with your funeral plan once you die?
It’s a good idea to tell your loved ones about the funeral plan you’ve purchased, where you’ve purchased it from, and if possible, let them know where the paperwork/information is stored. This makes it much easier for relatives to contact the provider of your choice and start arranging the funeral.
Once contact has been made, the process should be relatively straight forward. The agreements have already been made upon the purchase, so it’s just a matter of arranging a date that suits.
Looking to purchase a prepaid funeral plan?
At Celebration of Life, we provide a simple, fully inclusive prepaid funeral plan at the cost of just £1,450. It includes 24/7 help and guidance, collection from anywhere in Great Britain, an unattended cremation at our trusted partner crematorium, all disbursements including doctors’ fees, as well as your ashes returned to a loved one. We offer a 60-day full money back guarantee and flexible payment terms with a 10-year instalment option.
If you’d like to join the growing number of people choosing prepaid funeral plans, contact our friendly team today, or learn more about our prepaid funeral plan offering here.