Between the burial or cremation fees, Funeral Director costs, local authority payments, and mandatory certifications, dying could be one of the most expensive things you ever do. Ten years ago, the average funeral cost just £1,230 but now that has increased by over 100% to reach a cost of £3,897. This rate of increase is unlikely to slow down, with estimates suggesting that a funeral could cost as much as £10,203 by 2029. Buying into funeral plans under 50 is a smart way to beat those rising costs and guarantee the Funeral Director’s fees and services at today’s prices.
It might seem premature, but it’s never too early to start planning your funeral so that you can live your later life with the peace of mind that everything will be taken care of when the time eventually comes.
This article will explore the benefits of paying-off funeral plans under 50 in a little more detail:
First and foremost, a funeral plan for under 50’s could save you and your family members a fortune in the long run. The average life expectancy for a healthy individual in the UK is roughly 81 years, which means pensioners are expected to make their retirement savings last an average of 15 years – and still provide adequate funding for their funeral arrangements.
To put that into perspective, we estimate that the cost of an average funeral is set to increase by up to £6,000 in the next 10 years. The total cost of a funeral in 2029 could exceed the cost of our most expensive funeral plan by hundreds of pounds, even if you decided to pay it off over the longest period possible.
It’s hard to put a value on the peace of mind that funeral plans can provide. They can save you thousands of pounds worth of pension savings to ensure that you are living life to the fullest for as long as possible.
Planning for the Future
Establishing funeral plans under 50 gives you the chance to take control of your arrangements long before they start to feel like a pressing issue. You can also take advantage of Capital Life Funeral Plans free will service to set your affairs in order and establish your legacy ahead of time. This can give you some valuable perspective that could even help you prepare yourself for an early retirement.
Capital Life Funeral Plans
At Capital Life Funeral Plans, we’d love to break the taboo about funeral planning and get more people involved in their own end of life savings as soon as possible. Paying off funeral plans under 50 can bring a multitude of benefits, from freeing up funds to ensuring that your family do not have to pay out a large sum for your memorial service.
For more information on how to pay off your funeral plan early and prepare for the future, either call us on 0800 411 8683 or contact us here by filling out a short form and we will take it from there. For a limited time we are also offering a free will service. We aim to provide a bespoke customer service experience to make you feel as comfortable as possible when it comes to paying your funeral plan under 50.