The average cost of dying in the UK is £9,493, as published in the Sunlife Cost of Dying report 2020.
This alarming figure is the sum of all the costs associated with having a funeral, which includes:
- A basic funeral
- The send-off
- Professional services
As reported, the cost of dying has risen faster than the cost of living (+42% since 2007), meaning many families struggle to cope with the expense.
But the cost of dying needn’t be a burden for any family.
More and more people are making the selfless decision to plan ahead and ensure adequate financial provisions are in place for their own funeral, for example with a funeral plan.
A funeral plan includes all the essential funeral services and freezes today’s price.
What is the Sunlife Cost of Dying report?
Sunlife, a leading financial products provider, has been studying the cost of dying and funeral costs in the UK for the last 16 years.
Since 2007, their findings have been published in the annual Cost of Dying report.
Although the data goes as far back as 2004 when they started tracking funeral costs.
The report breaks down the cost of dying and draws attention to various topics such as rising funeral costs and changes in funeral trends.
Continue reading to find out more about funeral costs in the UK and how you can protect your loved ones in the future, (as well as make significant savings)...