Co-op Funeral Plan Calculator

^{^}Prices are based on a 50-year-old purchasing a plan, spreading the cost over 6 or 12 months or over 25 years, with Co-op member discount applied

The price of each funeral plan is fixed, however, the total cost of your plan is determined by the payment option you choose.

If you choose to spread the cost for more than 2 years, instalment charges will apply.

And the total amount payable is calculated based on your age and the payment terms.

For example, a Co-op Simple funeral plan at £3,020 spread over 25 years, would cost a 50-year-old £19.11^* per month, with a total amount payable of £5,733.40.

Shorter payment terms may apply, as an instalment plan must be paid in full by the plan payers 80th birthday.

If you choose to pay over 6 or 12 months or upfront in one single payment, this won’t incur any charges and the price you see is the price you pay.

Unlike other forms of funeral insurance, such as an over 50 plan, with a funeral plan you’ll know the total cost of your plan, and exactly how much you’ll pay, in advance.

There are no hidden extras or surprises, for you or for your loved ones when the time comes.

Funeral plans provided by Co-op and arranged through Reassured allow you to freeze today’s prices for the services included in the plan.

This means you can protect your loved ones from higher funeral prices in the future, potentially saving them thousands.

The cost of an average funeral is currently £4,184 - a substantial expense to leave behind to loved ones^[1].

As costs are expected to continue to rise, it’s a wise decision to lock-in the price of your funeral today.

Seize the opportunity and arrange your funeral plan through Reassured.

There’s a possibility that, over a long payment term (up to 25 years), you could pass away before finishing all the instalments to cover the full cost of your plan.

With most other funeral plans, your loved ones would be left with the outstanding balance to pay - which defeats the purpose of having a funeral plan in place.

But with a Co-op funeral plan, in this eventuality, the Co-op Commitment ensures that your funeral costs are still covered and your funeral services still go ahead as agreed - as long as you’ve made at least 12 up to date payments into your plan.

Secure your funeral plan through us today to ensure that no matter what, your loved ones won’t need to worry about the inevitable financial burden.

Co-op funeral plans are Funeral Planning Authority (FPA) approved, which means your money is kept safe until your funeral plan is required.

Funeral plan funds are invested in either an FCA regulated whole of life insurance policy or a trust fund so that in the very unlikely event that Co-op were to go out of business, your funeral will still be covered.

There’s also comfort in knowing that your money is safe with a leading provider, rather than divided between the funeral plan provider and independent funeral director (which is the case with many other funeral plans).

Reassured are also fully regulated by the Financial Conduct Authority (FCA), therefore we naturally uphold the highest standard of service when helping you arrange your funeral plan through us.

Co-op funeral plans have been awarded multiple 5-star ratings for their Gold and Silver plans.

Co-op Funeralcare has also been awarded the Moneynet Triple Gold award for being the Best Funeral Plan Provider.

You can arrange an award-winning Co-op funeral plan through Reassured, so get in touch today to get started.

[1] SunLife (2021), Cost of Dying Report, sunlife.co.uk/costofdying2021

^*£19.11 per month pricing includes a £75 discount only available to Co-operative members and is based on a 50-year-old purchasing a Co-operative Simple Funeral Plan at £3,020 over the maximum term available of 25 years (total amount repayable £5,733.40) as of 1st March 2021

£21.96 per month pricing includes a £125 discount only available to Co-operative members and is based on a 50-year-old purchasing a Co-operative Bronze Funeral Plan at £3,470 over the maximum term available of 25 years (total amount repayable £6,589.90) as of 1st March 2021

£24.49 per month pricing includes a £125 discount only available to Co-operative members and is based on a 50-year-old purchasing a fully guaranteed, Co-operative Silver Funeral Plan at £3,870 over the maximum term available of 25 years (total amount repayable £7,347.90) as of 1st March 2021

£26.39 per month pricing includes a £125 discount only available to Co-operative members and is based on a 50-year-old purchasing a fully guaranteed, Co-operative Gold Funeral Plan at £4,170 over the maximum term available of 25 years (total amount repayable £7,917.90) as of 1st March 2021

^**If you choose to pay by instalments over 2 - 25 years and pass away after the first 12 months but before the plan has been paid in full, then all services included in your plan will still be carried out by Co-op. If you pass away as a result of an accident within the first 12 months, then you’ll be covered by the Co-op Commitment