Why do I need a funeral plan?
Planning ahead is one of the most thoughtful decisions you can make for yourself and your loved ones. A funeral plan allows you to pay for your funeral director’s services in advance, securing at today’s prices and protecting against rising costs. Beyond the financial benefits, funeral plans can ease the emotional burden on your family, helping to ensure your final wishes are met without added stress.
The financial benefits of prepaid funeral plans
One of the key advantages of a funeral plan is the ability to lock in the cost of the funeral director’s services at today’s rates. Funerals can be expensive, and prices continue to rise. By paying for your funeral director’s services in advance, you can protect your loved ones from unexpected financial strain, avoid price increases, and provide peace of mind knowing that your funeral arrangements reflect your wishes.
At Golden Charter, our funeral plans also include an allowance towards third party costs, such as the cremation or burial fees, plus the minister or officiant’s fee to perform the service.
Funeral planning benefits for you and your family
The benefits of a funeral plan go beyond financial savings. They also provide:
Clarity and control: You decide how your funeral will be arranged, from the type of service to specific personal touches such as music and flowers.
Emotional relief for loved ones: By planning ahead, you can help remove the stress of making difficult decisions during an emotional time.
Certainty and security: A prepaid funeral plan ensures your arrangements are in place and your wishes are recorded.
A funeral plan versus over 50s plans and personal savings
While there are other ways to pay for a funeral, such as over 50s plans or personal savings, they don’t offer the same security as a funeral plan. For example:
Over 50s plans: These pay out a lump sum on death but with funeral costs rising, the payout might not cover the full expense of your funeral.
Personal savings: While savings can help, there’s no guarantee the money will be available or sufficient when it’s needed.
With a Golden Charter funeral plan, you can lock in the cost of the funeral director’s services at today’s prices. This protects you and your family from future price increases and ensures the services you’ve chosen will be covered. The only additional costs may be if third party fees (like cremation or burial costs) exceed the allowance included in your plan.
By choosing a funeral plan, you’re not just protecting against rising costs – you’re also helping to save your loved ones from the stress and financial burden of making last-minute arrangements.
Get the peace of mind that comes with planning ahead
Planning your funeral in advance isn’t just practical – it’s a thoughtful way to support your loved ones.
Did you know that almost half of the people who arranged a funeral last year didn’t know if their loved one wanted a burial or a cremation? And only 1% of people knew all of their loved one’s funeral wishes in 2023*.
Talking about your funeral wishes and putting plans in place ensures that your family knows what you want, easing the burden during an emotional time. Planning ahead also brings financial benefits. For example:
20% of families said arranging a funeral caused significant financial strain *.
To cover funeral costs:
35% used savings or investments *
25% used credit cards *
25% borrowed money from family or friends *
Got questions? Talk to us!
We're rated as excellent on Trustpilot
Our customers rate Golden Charter as excellent, with 4.6 out of 5 based on 2,822 reviews*
*Figures correct as of 1 August 2024
