Funeral plan providers tend to offer a choice of three or four different funeral plans at different prices.
Which 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 essential third-party fees.
Third-party fees amount to over £1,000 on average and include cremation fees, minister fees and doctors’ fees.
Your family would have to cover this cost until funds from your estate can be released following probate.
On the other hand, Co-op funeral plans start from just £3,220* for cremation or burial and guarantee to include all third-party fees.
So that when the time comes, whether that be in 20 or 30 years time, your loved ones won’t have anything else to pay.
Co-op prices aren’t variable to where you live either, so there aren’t any unexpected price increases.
Spread the cost of your plan
Funeral plan providers give you the option to spread the cost of your funeral plan with them so it’s more affordable.
For example, Co-op allows you to pay:
- In full
- By instalments over 6 or 12 months (tax-free)
- By instalments over 2 – 25 years (plus charges)
Funeral plans purchased through Reassured start from just £20.38 per month or £3,220 in full.