What is a funeral care plan?
Have you ever thought about how you’ll fund your funeral? An average funeral costs £4,184, but the cost of dying could be in excess £9,000 once third-party expenses or disbursements are factored in.
Your estate or life insurance policy might cover the cost, but these won’t pay out until after your funeral, meaning your family will have to foot the bill in the meantime. This can be financially overwhelming, particularly at a time when they are grieving your loss.
To avoid leaving this burden for your family, you could take out a funeral care plan. Also known as a funeral plan, it’s a way of arranging your farewell and meeting the cost of your funeral beforehand, so your loved ones don’t have to.
A funeral care plan allows you to leave clear instructions for your family on what you’d like to happen when you die. It’s important to pick a funeral care plan that meets your needs; some are designed specifically for those wanting a cremation, others for those wanting to be buried, and yet another for those not wanting a fuss.
You may also want to consider ways to personalise your funeral – the flowers, music and colours, for example – and detail this in your funeral care plan. You can even set aside some money to pay for these added expenses if they’re not included.
Capital Life has a range of funeral care plans to meet all budgets and you can choose to pay for your funeral care plan in one go with a one-off payment, in 12 monthly instalments, or in instalments over a longer period.
At its core, a funeral care plan lets you meet the cost of, and arrange your funeral in advance. It gives you peace of mind that you get the farewell you deserve at a price you can afford, safe in the knowledge that your family aren’t left footing the bill.