Cheap funeral plans arranged through Reassured offer you…
Based on the latest Fairer Finance expert ratings, each of the provider's listed below have plans for traditional or direct cremation funeral services which have been rated 4 or 5 stars, making them the best on the market.
In alphabetical order the top funeral plan providers and funeral cover providers are:
Please note, Reassured cannot compare quotes for all the funeral plan providers detailed in this article
Continue reading to learn more about the different funeral plan providers and which may be the best for you…
A funeral plan provider is any company that sells funeral plans which allow you to prepay for your funeral.
There are currently 28 Funeral Planning Authority (FPA) registered providers, which include a mix of local independent funeral directors, and larger companies with a network of funeral directors across the UK.
When purchasing a funeral plan, either the funeral plan provider or one of their appointed funeral directors will carry out your plan when the time comes.
Funeral cover arranged through Reassured is available from SunLife.
We can provide you with free personalised quotes for the SunLife Guaranteed Funeral Plan today and help you set up the funeral cover option of your choice.
The SunLife Guaranteed Funeral Plan is a type of insurance policy which guarantees to pay out for your chosen funeral services after two years.
There are two different levels of cover to choose from and both options can cover a cremation or burial funeral.
While some funeral plan providers will be better than others, the best funeral plan provider for you will depend on various factors, such as:
There’s a range of funeral plans available on the market which offer different levels of service at different price points.
When searching for the right provider, there are some key elements to consider:
Continue reading as we compare the features and benefits of funeral cover offered by the top funeral plan providers and funeral cover providers.
Comparing the best funeral cover available will help you to find the best funeral plan provider or funeral cover provider for you.
|Co-op||Dignity||SunLife||Golden Charter||Golden Leaves|
|What are the payment options?||Pay in full, or in monthly instalments (ending before 80th birthday)||Pay in full, or monthly instalments (ending before 85th birthday)||Pay in monthly insurance premiums (ending before 90th birthday)||Pay in full, or in monthly instalments (ending before 80th birthday)||Pay in full, or in monthly instalments (ending before 90th birthday)|
|FPA or FSCS protected?||FPA||FPA||FSCS|
(the funeral that the policy pays for is FPA regulated)
|Applied for FCA authorisation?||Yes||Yes||Not required (FCA regulated insurance policy provides the funeral cover)||Yes||Yes|
|Are crematorium fees covered in full or is there a contribution towards these?||Covered in full or there's a contribution towards these, depending on the plan||Covered in full||Covered in full||Contribution only||Covered in full or there's a contribution towards these, depending on the plan|
|Are burial fees be covered in full or is there a contribution towards these?||Covered in full or there's a contribution towards these, depending on the plan||£1,220 contribution||£1,010 contribution||£1,100 contribution||£931 contribution*|
|Does the plan cover minister or celebrant fees?||Yes - Covered in full or the contribution may help to cover these, depending on the plan||Yes - For a cremation funeral. For a burial, the contribution may help to cover these||Yes - For a cremation funeral. For a burial, the contribution may help to cover these||No - But the contribution may help to cover these||Covered in full or the contribution may help to cover these, depending on the plan|
|Will the plans guarantee to cover the cost of your chosen funeral services after a set period?||Yes - If you pay by instalments and pass away after the first 12 months of the plan||Yes - If you pay by instalments and pass away after the first 12 months of the plan||Yes - If you pass away after the first 24 months of the plan||No - Your family or estate would have to cover the remaining balance||No - Your family or estate would have to cover the remaining balance|
|Do you have a choice of funeral director?||Yes - Use any local Co-op funeral director||Yes - Use any local Dignity funeral director||No - The provider will nominate a local associated funeral director||Yes - But it's not guaranteed that you'll be allocated the funeral director of your choice||No - Golden Leaves will nominate a local independent funeral director|
|Who can take out a plan?||UK residents aged 18 or over||UK residents aged 50 - 85||UK residents aged 50 - 80||UK residents no age limits||UK residents - age limit may apply depending on the payment option you choose|
|What is their Fairer Finance star rating?||5 stars|
(Gold and Silver plans)
(Amber, Diamond and Pearl plans)
(Premier and Select plans)
The information in this table has been taken directly from the plan provider’s websites and is correct as of 01/02/2022
*Contribution amount will be in line with the national average cost of cremation fees
Please note, Reassured cannot compare quotes for all of the funeral plan providers listed in the table above
What’s included in a funeral plan depends on the type of funeral it covers and the funeral plan provider.
Most standard funeral plans will cover the following services:
As mentioned, the funeral cover arranged through Reassured is provided by SunLife.
There are two different levels of cover to choose from:
Both funeral cover options also include the following:
Get in touch with Reassured for more detail regarding the funeral cover options we have available.
Currently, the safest funeral plan providers are those that have applied for authorisation from the Financial Conduct Authority (FCA).
From the 29th of July 2022, the FCA will start to regulate the funeral plan market to ensure better protection of funeral plan customers.
For this reason, it’s important to check when buying a plan that the plan provider is on the FCA application list with their application submitted.
If they haven’t applied for authorisation, their application has been withdrawn or they don’t intend on applying, then it’s recommended not to purchase a plan from them.
The SunLife Guaranteed Funeral Plan arranged through us is an insurance policy which is regulated by the FCA.
The policy pay out also comes with protection from the Financial Services Compensation Scheme (FSCS).
Therefore, you can have peace of mind that your investment is safe when taking out funeral cover through Reassured.
Funeral plan providers and funeral cover providers tend to offer a choice of three or four different funeral plans at different prices.
This means it can be difficult to determine which is the cheapest out of all the options available.
Some funeral plan providers offer cremation only plans too, which is for a direct cremation without funeral service.
This is the cheapest type of funeral plan, but it does mean your loved ones would have to arrange and pay for a separate service when the time comes.
Sometimes, the cheapest funeral plan provider won’t offer the best value-for-money funeral plans.
For example, Golden Leaves offer one of the cheapest plans with a full funeral, which starts from £2,533.
However, this price can be deceptive as the final amount is variable depending on where you live in the UK.
This price is also for a cremation funeral type only and doesn’t cover the cost of any essential third-party fees.
Your family would have to cover this cost until funds from your estate can be released following probate.
The cost of a funeral in the UK
It’s difficult for many families to manage unexpected funeral costs, especially while they’re grieving.
With the average cost of a funeral being £4,056 in the UK, more and more people are looking to take out funeral cover to reduce the financial burden for loved ones.
Making financial provisions can give you peace of mind knowing that they won’t have to pay the full cost of your funeral when the time comes.
Read our article analysing the breakdown of funeral costs in the UK »
Our infographic below shows the cost of a funeral in different regions of the UK.
Some funeral plan providers will guarantee to pay out for your funeral after a set period (usually the first 12 or 24 months).
This means that if you pass away at any point after this set period, your chosen funeral services will be carried out as agreed in your plan. Even if the total value of the plan hasn’t been covered by your payments.
Giving you peace of mind that, if the unexpected happens, your family wouldn’t have to cover the remaining cost.
Providers that offer this benefit include:
The SunLife Guaranteed Funeral Plan arranged through Reassured will guarantee to pay out for your chosen funeral services after two years.
On the surface it may seem that all funeral plan providers work in the same way, however, this isn’t necessarily the case.
The different types include:
The difference is that if you use a funeral plan provider that operates with independent funeral directors, the cost of their funeral plans may vary depending on where you live.
The plan provider is also more likely to nominate a funeral director on your behalf.
Therefore, if you have a preferred funeral director, it’s sensible to ensure that they will accept the plan you want to purchase.
The SunLife Guaranteed Funeral Plan arranged through Reassured is accepted by more than 800 funeral directors in the UK.
Arrange your funeral cover through Reassured and ensure that your loved ones are well taken care of when the time comes.
This will depend on when you take out your funeral plan.
Most funeral plans are currently regulated by the Funeral Planning Authority (FPA).
If your funeral plan provider is FPA approved, and they were to go bust, then the rules set out by the FPA will help to ensure that the funeral you’ve paid for is still carried out.
This should stay the same until the 29th of July 2022, after which the FCA regulation kicks in.
If your funeral plan provider were to go bust after this date, then the FCA has the power to ensure that:
As mentioned, funeral cover arranged through Reassured comes in the form of an FCA-regulated insurance policy and the pay out comes with FSCS protection, giving you peace of mind that your money is safe.
Some providers offer funeral plans for over 50s only.
This includes Age Co and SunLife, which makes sense as they both provide financial products and services to people in later life.
Funeral plans are ideal for those over 50 who would like to leave behind a legacy to loved ones but have struggled to secure affordable life insurance due to personal factors.
Or you may wish to take out a funeral plan separate to your life insurance policy so that you can protect your family from the cost of your funeral, as well as using the life insurance pay out to provide an inheritance or help pay off your debts.
Many people take out an over 50s plan to cover the total cost of dying.
An over 50s plan guarantees a cash lump sum pay out when you pass away, which can be used to cover your funeral costs. Like a funeral plan, no medical questions are asked.
Premiums are calculated based on your age and the terms of the policy.
Reassured can also help compare quotes for over 50s plans that guarantee acceptance to UK residents aged 50 - 85.
Get in touch so we can help you assess all the options available.
At Reassured, we can provide free, personalised quotes for funeral cover provided by SunLife.
We can also help answer any questions you may have and fill in the application form on your behalf, saving you time and hassle.
You’re guaranteed to be accepted on a SunLife Guaranteed Funeral Plan if you’re a UK resident aged 50 - 80.
Premiums begin from £19.18 a month and SunLife promises to cover the cost of your funeral after two years of payments.
So, get in touch with our dedicated funeral cover team today for your no obligation quotes.
We’re an award-winning broker with over 10 years experience helping people arrange the financial protection of their loved ones.
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Yes very pleased with my choice very helpful easy to understand and very pleasant transaction all good!Mrs M Rushworth
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very courteous and friendly. Polite professional and empathic.Stedroy Fenton
Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
Really attentive during the call, good clear guidance throughout. Well done.Michael Reynolds
Amazing service quick fast and easy and Joey was a star on the phone really help me thanks.Sera Woolley
I made the right choice and now I feel relieved that I did.glyn
Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!Katelia Merritt
I must say Jake took me through every step and was brilliant, recommend them anytime.Allan Green
Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry