Funeral Plans from 4 Probate & Wills
Pre-paying your funeral is becoming a significant part of estate planning due to the ever increasing cost of dying. Choosing not to plan, may cause your family financial hardship when you pass away.
Life insurance is NOT a funeral plan, even though some are sold for that purpose. To insure yourself for a sum of money today, based upon the cost of dying, will almost certainly lead to a substantial shortfall when the plan is needed.
The cost of dying in 2008 was £2800 (approx)
Based on this an Insurance policy for £3000 may be recommended.
If you die in 2028 after paying premiums of £20 per month over 20 years (£4800) and the cost of dying increases to £10,000 (approx) or more, the shortfall your family will have to find is £7000.
Based upon the same figures above
You could purchase a fully paid, REGULATED FUNERAL PLAN in 2008 for £2600 or £3600 if paid ininstalments over 15 years.
If you die in 2028 after paying £2600 or £3600, and the cost of dying has risen to £10,000 (approx) or more, your family will have a shortfall of ZERO.
Because in 2008 you PRE-PAID the full cost of your funeral, meaning there is nothing else to pay and therefore no shortfall for your family to find.
The sensible and the most financially viable course of action is to PRE-PAY YOUR FUNERAL.
In 2019, we saw a rise in the overall cost of dying once again from 2018.
In 2018 the cost of dying has grown from £8,905 to an all-time high of £9,204 (+3.4%).
The increase in the average cost of a funeral has played a key role in this jump. For the 15th year in a row, we’ve seen a price rise: it now stands at £4,271 which marks a 4.7% jump since 2017. This adds up to a 122% increase since we first started tracking funeral pricing back in 2004.
With a funeral plan in place, you fix the cost of the funeral director’s services in your plan at today’s prices. So no matter how much the cost of these services rise in the future, your family will have nothing more to pay for these services – guaranteed (once your plan is paid in full).
We also guarantee to meet the full cost of your funeral after you've made 12 consecutive monthly payments and your plan is paid up to date when you die.
If you have allocated your savings for your funeral you could either release cash to spend now or reduce your inheritance tax liability and protect your family from having to find £1000's in the future.
Choose the perfect plan
We have a number of Funeral Plans and Providers to choose from so you can choose the one that best suits your needs. Whichever plan you choose, it will guarantee the funds to be available when the time comes to pay all the costs with nothing extra for your family to pay.
All our plans include:
Provision of Funeral Directors services to make funeral arrangements
Arranging funeral service (at local cemetery, churchyard, graveyard or crematorium)
Caring for the deceased including private chapel of rest (Embalming not included)
Hearse and personnel required for the funeral
Advice on all matters related to the funeral
Visit to the chapel of rest during office hours or at a time that you choose (dependent on plan)
24-hour transfer of deceased to a suitable resting place within the UK (within a 50 mile radius)
Bereavement assistance via professional organisations
Burial or interment fee (single), gravedigger fee where applicable, fee for a church service and Minister or Officiant’s fees to conduct a service at a local cemetery, chapel or church or at the graveside
These plans do not cover the cost of a burial plot which must be purchased directly
Each one provides a different level of service while covering every essential, and allows you to add your own personal touches. Whether you choose a simple or a more comprehensive package, there are no hidden extras: the price you see is the price you pay.
You can purchase one of our Funeral Plans for yourself, or for a relative, friend or dependant.
A Funeral Plan can be added to or upgraded at a later date if you wish.
All of our Funeral Plans are completely flexible, so if you move house at a later date, your Plan can still be delivered no matter where you live. We have access to over 1,200 funeral homes in the UK, allowing you to change your nominated Funeral Director at no extra cost
You can choose to pay the full cost or pay a deposit and make monthly payments. Each plan will be tailored to suit your individual wishes with the peace of mind your plan is fully protected and guaranteed no matter where in the country you are
Our Funeral Plans can be paid with a single payment, by instalments or a combination of both. Additional services can be added to your plan as required, now or in the future, the most important thing is to secure the cost NOW to beat inflation and ever rising costs.
We only use REGULATED (Funeral Planning Authority) providers such as Dignity which gives you the guarantee and security your funeral will be paid in the future.
Please contact us for further details or to arrange an appointment.
To find out more about any of the services or products we offer at 4 Probate & Wills, just get in touch and speak to one of our expert team.