What is a funeral plan?

A funeral plan, also known as a prepaid funeral plan, is a simple and straightforward way to pay towards the cost of your own funeral in advance. Taking out a funeral plan can help reduce financial pressure on your family when the time comes.

Frequently asked questions

When you buy a funeral plan from a funeral plan provider, some offer you the choice of paying in a lump sum, or fixed monthly instalments. Also, some funeral plan providers will invest your money in an insurance policy. When you die, the funeral plan will provide the pre-agreed set of funeral services. Depending on the plan, there may be additional costs to pay.

The earlier you start thinking about covering the costs of your own funeral, the more peace of mind you will have, knowing that you are protecting your loved ones from potential financial hardship. While providers offer funeral plans for people of varying ages, generally policies are for those aged over 50, with many providers having a maximum age they can take out a policy.

It is entirely possible to plan your own funeral in advance, and there are many good reasons for doing so. Taking out a funeral plan with a funeral plan provider will allow you to pay towards the cost of your funeral in monthly instalments or a lump sum payment, reducing the financial burden on your loved ones when the time comes. As well the financial aspect, taking out a funeral plan also gives you the opportunity to decide on your own funeral package, allowing you to personalise your send-off. Stating the type of funeral you want in advance can be a great relief for your family, who may struggle to make these decisions in mourning.

Here are the first steps to planning a funeral:

  • Make some calls to let people close to the deceased know what has happened. You will also need to arrange for the transfer of the body to the funeral directors.
  • Ask around the family to find out if a funeral plan is in place. If there is, contact the funeral plan provider to see how you should proceed with the arrangements. Most plans will have a pre-elected funeral director and a specific funeral package in mind.
  • If there is no plan, you will need to contact a funeral home to transfer the body of the deceased. You will also need to choose a funeral director.
  • Meet with the funeral director, who will take charge of the funeral planning. You might want to go away and consider optional extras, such as whether or not you want a memorial headstone, an elaborate funeral car or a special urn to keep the ashes.
  • Decide the burial location or the place you wish ashes to be scattered.
  • Be prepared for administrative matters after the funeral, including helping deal with the deceased person’s estate, and cancelling any accounts in their name.

A funeral plan, sometimes known as a prepaid funeral plan or funeral cover, is a way to pay towards your funeral before you die. By paying a lump sum or fixed monthly payments, your pre-agreed set of funeral services will be delivered after you pass away. This is appealing for those who wish to protect their family from potential financial hardship.

When you buy a funeral plan from a funeral plan provider, some offer you the choice of paying in a lump sum, or fixed monthly instalments. Also, some funeral plan providers will invest your money in an insurance policy. When you die, the funeral plan will provide the pre-agreed set of funeral services. Depending on the plan, there may be additional costs to pay.

The earlier you start thinking about covering the costs of your own funeral, the more peace of mind you will have, knowing that you are protecting your loved ones from potential financial hardship. While providers offer funeral plans for people of varying ages, generally policies are for those aged over 50, with many providers having a maximum age they can take out a policy.

It is entirely possible to plan your own funeral in advance, and there are many good reasons for doing so. Taking out a funeral plan with a funeral plan provider will allow you to pay towards the cost of your funeral in monthly instalments or a lump sum payment, reducing the financial burden on your loved ones when the time comes. As well the financial aspect, taking out a funeral plan also gives you the opportunity to decide on your own funeral package, allowing you to personalise your send-off. Stating the type of funeral you want in advance can be a great relief for your family, who may struggle to make these decisions in mourning.

Here are the first steps to planning a funeral:

  • Make some calls to let people close to the deceased know what has happened. You will also need to arrange for the transfer of the body to the funeral directors.
  • Ask around the family to find out if a funeral plan is in place. If there is, contact the funeral plan provider to see how you should proceed with the arrangements. Most plans will have a pre-elected funeral director and a specific funeral package in mind.
  • If there is no plan, you will need to contact a funeral home to transfer the body of the deceased. You will also need to choose a funeral director.
  • Meet with the funeral director, who will take charge of the funeral planning. You might want to go away and consider optional extras, such as whether or not you want a memorial headstone, an elaborate funeral car or a special urn to keep the ashes.
  • Decide the burial location or the place you wish ashes to be scattered.
  • Be prepared for administrative matters after the funeral, including helping deal with the deceased person’s estate, and cancelling any accounts in their name.

A funeral plan, sometimes known as a prepaid funeral plan or funeral cover, is a way to pay towards your funeral before you die. By paying a lump sum or fixed monthly payments, your pre-agreed set of funeral services will be delivered after you pass away. This is appealing for those who wish to protect their family from potential financial hardship.