The Benefits of Funeral Payment Plans

funeral payment plans

Dying is one of the most expensive things you’ll ever do, besides going to university, buying a house and getting married. Funeral payment plans can help spread the cost of your funeral, ensuring you get the farewell you want and deserve.

On average, a basic funeral costs £4,184, but that only covers the funeral – it doesn’t include things like disbursements and discretionary costs to personalise the day. And funerals are getting more expensive; if prices continue to rise, a basic funeral could cost over £5,000 by 2025. 

One way to protect against these rising costs is to consider funeral payment plans that allow you to arrange, and pay for your funeral in advance. There is no standard, one size fits all funeral, and prices will vary depending on your wishes, so you should pick from a range of funeral payment plans that suit your needs.

Funeral payment plans are designed to cover the cost of your funeral and enable you to lock in certain services, such as the funeral director, at today’s prices, which could result in significant savings in the long term.

Not all services are covered by funeral payment plans. Depending on your funeral plan there may be an allowance towards third-party fees such as doctor’s fees, and you may be able to leave an allowance towards the cost of flowers or transport for guests. 

Capital Life has a range of different plans to suit all budgets, all of which allow you to pay for your funeral up front, either in a one-off lump sum, 12 monthly payments, or in convenient and affordable monthly instalments over a number of years, depending on your age. Money paid into funeral payment plans is held in a secure trust fund managed by HSBC, and is safe until the time comes.

To see how funeral payment plans could help with planning your final farewell,  contact us now or call 0800 411 8683 and one of our friendly advisors will be happy to guide you through the options available.

We can also assist with Wills, Inheritance Planning, Probate and LPAs, which are important factors when it comes to Funeral Plans.

What is Funeral Insurance


Organising a funeral – whether it be your own or that of a cherished relative – is one of the most poignant things that we may ever have to do. There is a responsibility to ensure that they – or you – have the farewell that they want.

But it can also be one of the most stressful and expensive things we’re tasked with. An average funeral costs £4,184; this price varies depending on where you live and the type of funeral you choose. This doesn’t include discretionary and third part costs, and factoring in these expenses can take the cost to just over £9000.

You can cover the cost of your funeral with funeral insurance, which covers the costs of your funeral service, or pay for it in advance with a prepay funeral plan.

Funeral insurance is similar to life insurance and over 50s plans – you make regular payments and your family receive a lump sum following your death. However, funeral insurance is specifically designed to cover some or all of your funeral costs; other plans are often advertised as a means of paying towards your funeral, but can be used for other purposes.

Funeral insurance will vary between providers and policies, but it typically covers any service provided by the Funeral Director. While some may pay for a plot in the Cemetery or contribute towards the wake, the majority don’t, and things like flowers and catering will be an additional expense for your family.

Funeral insurance also tends to be paid out after the funeral, meaning that your family are left to foot the bill – and any additional costs – while waiting for the insurance to be paid out.

To avoid this financially difficult situation and ensure all your funeral expenses are covered, it’s a good idea to invest in a prepaid funeral plan. This allows you to arrange and pay for the entirety of your funeral in advance; that way, your family won’t have to find the money to pay for your funeral at a time of grief.. 

To see how a funeral plan could help with planning your final farewell,  contact us now or call 0800 411 8683 and one of our friendly advisors will be happy to help.

We can also assist with Wills, Inheritance Planning, Probate and LPAs

What is a no fuss funeral?


A no fuss funeral is a more modern, simple type of funeral that provides families with a flexible and affordable means of saying goodbye and celebrating the life of a loved one.

A no fuss funeral generally comprises of a direct cremation, popularized by celebrities such as Prince and David Bowie. Unlike traditional funeral services, there is no ceremony, and the ashes are simply returned to the family or a chosen individual afterwards. 

No fuss funerals do away with the traditional elements associated with religious services – which suits the increasing number of people who no longer identify with a particular religion – and gives families the freedom to grieve and celebrate their loved ones at a time that suits them. 

Freed from such impositions, no fuss funerals can open up more options to families who may simply want an intimate scattering of ashes, a low-key memorial away from the confines of the crematorium or an elaborate Celebration of Life ceremony held at a place of significance.

As well as being easier to organise, a no fuss funeral can also help minimise costs at a time when funeral costs are on the rise. A prepay funeral plan, such as Capital Life’s Simple Plan can help protect from future rising costs by locking in services at today’s prices. 

The Simple Plan is a straightforward and affordable funeral plan that removes the financial burden for families as their loved one has already arranged and paid for their no fuss funeral in advance. 

The plan is modest and streamlined and includes advice and guidance on all aspects of the funeral arrangements, as well as crematorium fees and a basic coffin. Costs are kept low because a no fuss funeral negates the need for a hearse, accompanying limousines, pallbearers and celebrant fees.

If you think a no fuss funeral might be for you and you’d like to discuss the Simple Plan, or any other funeral plan in Capital Life’s comprehensive range, contact us or call 0800 411 8683 and one of our friendly advisors will be happy to help. 

We can also assist with Wills, Inheritance Planning, Probate and LPAs.

Meta description: No fuss funerals are modern and simple, based on direct cremations; they enable families to celebrate their loved ones at a time and place to suit them

How to compare funeral plans

how to compare funeral plans

Planning your funeral is likely to be one of the most important and expensive things you will ever do, so you should compare funeral plans before investing to ensure that you get everything you want for your farewell.

People want different things from their funeral, and there are numerous plans available, each offering different benefits and can include different things such as Wills, Inheritance Planning, Probate and LPAs. You should compare funeral plans and pick one that is both affordable and suits your needs.

If you’d like a modest service or even no service at all, Capital Life’s Simple Plan is ideal; it’s straightforward and removes the financial burden from your loved ones. The Ceremonial Plan enables you to cover a more significant portion of your funeral expenses and includes all the Funeral Directors costs but not third-party fees. 

The Traditional Plan is Capital Life’s most affordable plan, designed to give a quality farewell and minimise any additional expenses. It comprises the Funeral Director services, plus a generous allowance towards third-party fees.

Capital Life’s most popular plan is the Royal Plan; it offers a high calibre funeral and covers all Funeral Director’s fees, including a choice of funeral time, where the procession starts from as well as a funeral limousine for your family. There is also a substantial allowance towards third-party fees.

The Imperial Plan is the most comprehensive plan and covers everything in the Royal Plan, plus an additional limousine, a superior coffin and a generous allowance towards third-party fees.

The top-of-the-range Majestic Plan includes everything in the Imperial Plan but varies depending on whether you’d like a cremation or a burial. They both offer benefits such as a wreath for the coffin and a generous allowance towards flowers, but the cremation plan includes a choice of urns, while the burial plan offers a superior coffin and an engraved headstone.

The funeral plan you pick will depend on what you want from your funeral. Compare funeral plans just like you would any other service to ensure that you pick the one that best reflects your needs. If you’d like to discuss your options, contact us or call 0800 411 8683, and one of our friendly advisors will be happy to help.