Arranging a funeral can be a difficult and painful process for your family. A prepaid funeral plan can help make things a bit easier for them. It’s one of the last gifts you can give your loved ones – to ease the strain of arranging and paying your funeral costs.
You and your family can both get peace of mind, safe in the knowledge that when the time comes your funeral will be paid for, and will be carried out according to your wishes.
There are typically three ways to plan your funeral and to ease the financial burden on your next of kin; Pre-Paid Funeral Plan, Instalment Funeral Plan, and the Over 50 Life Plan.
A funeral plan is a policy specifically set up to pay
for your funeral. Alternatively you could take out a life insurance
plan that pays a lump sum when you pass away. This money could be used
to help pay for the cost of your funeral, or be left as a financial legacy.
Request a free funeral plan information pack today by completing the form above and the information will be posted to you for you to read in your own time. You are not committing to anything – this service is completely without obligation.
How does a funeral plan work?
Instalment or prepaid funeral plans allow you to cover the cost of your funeral and have all the arrangements taken care of. They are also inflation proof – so you can feel safe that the plan will always be able to pay for your funeral whenever it has to pay out. Most importantly, your payments will never increase.
Decide how you want to pay for the plan – as a one-off lump sum (Pre-Paid Funeral Plan), or in more manageable instalments (Instalment Funeral Plan). The money in the plan is held for you and is used to cover all the costs of the funeral. In addition, a funeral plan will also take into account any final wishes, so that the service is personal and meaningful to you and your family.
How does an over 50’s life plan work?
You may just want to leave a lump sum for your family either to help towards the cost of a funeral or as part of a financial legacy.
An alternative option is an over 50’s guaranteed acceptance life cover plan. This type of plan charges a small monthly premium but guarantees to pay out a cash sum on your death. There is no underwriting which keeps the cost of the cover down – but you do have to be aware that if you live long enough, the overall cost of the premiums may be greater than the lump sum that is paid out.
Who is Plan My Tomorrow?
Plan My Tomorrow offers both funeral plan and life cover options. With their expertise in this area they can provide you with all the information you need to make a decision.
Plan My Tomorrow is a UK company based in the Cotswolds.
Plan My Tomorrow are an independent organisation that source
outstanding products from major UK companies. Their partners Dignity and
Scottish Friendly are not only market leaders in their chosen fields,
but also offer outstanding value to our customers.
Plan My Tomorrow Limited is an Introducer Appointed Representative of
Scottish Friendly Assurance Society Limited who are authorised and
regulated by the Financial Services Authority.