The cost of funerals is rising 6.5% every year. Setting up a Funeral Plan now can protect your family from crippling debts when you pass away.
Death. It’s a morbid topic we never want to deal with. But failing to have a financial plan for your funeral could risk leaving loved ones with £6,100 in costs they may struggle to pay. And unfortunately, this is exactly what’s happening to many families across the UK because the cost of funerals is rising 6.5% every year, with funerals now costing 80% than 10 years ago, and the price keeps going up and up, year after year.
Today, the average cost of a funeral is £3,737. By 2023 it is expected to be £6,100. That’s in just 6 years time. So just imagine what the cost may be in 10 or 20 years. Its barely worth thinking about.
Unfortunately, most people are unaware of how fast the cost of a funeral is rising. This is leading to an epidemic of funeral related debts across the country.
Mother Freezes Son’s Body while She Saves for the Funeral
Funerals are becoming so unaffordable that it’s been reported that people have been turning to loan sharks to cover the costs. One bereaved lady had to bury her cousin in a cardboard coffin with just a bunch of flowers. Another lady had to bury her baby in a communal grave while one family were denied the ashes of their loved one until they could cover the final payment.
Perhaps the most harrowing story is of a mother who had to freeze her son’s body for months until she was been able to beg and borrow enough to pay for his funeral.
These examples sound extreme. But the reality is that millions of families across the UK face either not being able to give a loved one the burial they wanted or risk crippling debts to pay for it because they didn’t have a Funeral Plan.
Pay a few pounds now to avoid thousands in debt for loved ones later
The best way of avoiding the risk of leaving loved ones with thousands of pound of debts is to setup a Funeral Plan.
A Funeral Plan is a type of insurance that covers the entire cost of your funeral. You need only contribute as little as £0.52 a day and the plan will ‘freeze’ the cost of the funeral at today’s prices.
So even if funerals rise to £6,100 in the next 6 years, your funeral will be covered for all expenses at today’s prices. This could potentially save you and your family thousands of pounds.
5 Reasons to Get a Funeral Plan
Save money – Contributing as little as £0.52 a day will ensure ALL funeral costs are covered.
Protect loved ones from debt – Having a Funeral Plan ensures your family won’t be chased to pay for your funeral at an emotional and distressing time.
Price costs at today’s prices – Starting a Funeral Plan now locks in the cost of your funeral at today’s prices. So you will be covered for all expenses even if funerals continue to rise by 6.5% or more per year.
Peace of Mind – You can go to your grave in peace knowing you are leaving fond memories behind and not crippling debts.
Life Savings Protected – Your family won’t need to take a penny from their life savings to pay for your funeral.
Find Out How Much You Can Save
You can apply for a Funeral Plan quote on the My Funeral Care Plan website at no obligation. You are simply finding out how much you can save on future funeral costs and what steps to take to protect your loved ones from potentially crippling funeral debts. Then you can decide for yourself whether to proceed and lock in any future funeral costs at today’s prices.
Remember that funerals are rising 6.5% a year. So the longer you delay getting a Funeral Plan the more money your family may be expected to pay:
Advertising disclaimer – Erudite Lifestyle Magazine has a monetary relationship with My Funeral Care Plan. We will earn commission if you complete an application for a quote. However, the quote from My Funeral Care Plan is provided at no obligation so there’s no risk in finding out how much you can save your family by starting a Funeral Plan today.