Compare over 50 funeral plans

Compare multiple funeral plans for over 50s using our FCA registered broker service.

Prepaid funeral plans arranged through Reassured start from just £20.38* a month.

With a prepaid funeral plan, you can:

  • Protect loved ones from rising funeral costs
  • Arrange your funeral in advance
  • Choose from several payment options

Our award-winning team can provide all the information you need to help you secure a suitable funeral plan.

And the best bit: We don’t charge you a fee for our services.

Continue reading for more information on funeral plans for over 50 and other types of funeral insurance for over 50s…

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Best funeral plans for over 50s

The best funeral plan for over 50s will depend on your own personal preference.

It will also depend on your available budget and your loved one’s financial circumstances.

The best funeral plan will also offer best value for money.

This means finding a funeral plan that offers the most services, at the best price.

These tend to be the plans that guarantee to cover all the essential funeral costs, so that loved ones aren’t left with a shortfall to pay when the time comes.

Reassured can help you arrange a funeral plan that guarantees to cover all funeral director services and all third-party services.

Get in touch today to arrange your best funeral plan over 50.

Funeral plans for over 50s with Reassured

Funeral plans arranged through Reassured are available to people aged over 50.

As someone at this age, you can spread the cost of your funeral plan up to 25 years and pay as little as £20.38 a month.

However, the cost will really depend on the plan you choose, as they vary in price according to the level of service provided.

The more expensive plans offer the maximum level of service and the most flexibility.

The more affordable plans offer a basic level of service and less flexibility.

Reassured can help you arrange a funeral plan that suits your needs, and your budget.

Funeral plans for over 50s, purchased through Reassured, offer the following key benefits:

Guarantee to cover your funeral services, no matter how much prices rise

Funeral costs have increased rapidly over the last 16 years (+130%).

It’s likely that this rising trend will continue, and if so, the average cost of a basic funeral in just 4 years will exceed £5,000.

Unlike savings or a life insurance policy, a funeral plan arranged through Reassured allows you to lock-in your funeral costs at today’s rate.

This is because the services included in your plan are guaranteed, no matter how much prices rise in the future.

Guarantee to cover third-party fees

Third-party services are separate to services provided by a funeral director and are required to carry out a traditional funeral.

They include:

  • A doctor to certify the death (on average £164)
  • Minister of celebrant to hold the service (on average £169)
  • The cremation or burial itself (on average £860 for cremation or £2,288 for burial)

Most funeral plans will only offer a contribution towards these costs, or no contribution at all.

Meaning, your loved ones would have to make up the shortfall when the time comes.

At Reassured, we can help you arrange a funeral plan that covers all third-party fees for either cremation or burial**.

Guarantee to cover funeral costs after 12 months

Funeral plans arranged through Reassured offer several different payment options that you can choose from.

These vary with each provider, but you can either pay in full or spread the cost up to 25 years.

Funeral plans arranged through Reassured guarantee to cover your funeral costs after 12 months, if:

  • You pay by monthly instalments up to 25 years
  • You pass away after the first 12 monthly payments
  • All previous payments are up to date

Whilst payment options are similar or the same for most funeral plan providers, not all providers will offer this additional benefit.

Usually, if you pass away before the funeral plan is paid, loved ones would have to pay the outstanding balance for the service to go ahead.

But by taking out a funeral plan with us, and spreading the cost with an instalment plan, you’ll feel confident that your funeral wishes will still be carried out and at no extra cost to loved ones.

Bearing in mind, paying for your plan over more than 12 months incurs instalment charges.

FCA regulated

Reassured are registered with the Financial Conduct Authority (FCA).

The FCA's goal is to ensure that customers, of the businesses it regulates within the financial services industry, receive a fair service, and are adequately protected.

Reassured are regulated by the FCA, meaning that when using our broker service you'll receive only fair, correct and impartial information.

Though funeral plans themselves are not an FCA regulated product, naturally we uphold the FCAs values when handling and processing all our funeral plan enquiries.

Furthermore, all funeral plans arranged through Reassured are fully approved and regulated by the Funeral Planning Authority (FPA).

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Why take out a funeral plan over 50?

There are many benefits to having a funeral plan in place, should the worst happen.

1. Avoid rising funeral costs

Many people take out a prepaid funeral plan to avoid spiralling funeral costs.

In the last 16 years, funeral costs have increased by 130% and are predicted to increase a further 20% by 2024.

By paying in advance, you can freeze the cost of today’s funeral.

This is because funeral plan providers will guarantee to carry out the services agreed in your plan, no matter how much funeral prices increase.

So your funeral could take place in 5 or even 35 years time and there won’t be anything extra to pay.

Cost of funerals infographic UK


2. Protect loved ones financially

In a recent survey carried out by SunLife, 1 in 8 families reported that finding the funds to pay for a loved ones’ funeral has caused them notable financial troubles.

It’s not surprising when a basic funeral costs on average £4,417 in the UK.

This is an inaccessible sum of money for many of us, particularly without the opportunity to make adequate provisions.

Many families have to borrow funds, use savings or a credit card to foot the large bill.

Taking out a funeral plan today will prevent this financial uncertainty for loved ones.

And also ensures they won’t spend more than what’s necessary on your funeral.


3. Be responsible for arranging your own funeral

A prepaid funeral plan allows you to arrange your own funeral, relieving this difficult burden from loved ones.

Planning a funeral can be stressful, but with a funeral plan, you’ll be put in touch with a local funeral director to help you along the way.

They’ll be able to provide professional advice and guidance throughout the process and will record your final wishes so there’s no confusion when the time comes.

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This calculator uses data from the SunLife Cost of Dying Report 2020 and should only be used as a guide.

Cheapest funeral plans for over 50s

The cheapest funeral plans for over 50s are direct cremation funeral plans.

This is because a simple direct cremation excludes a funeral procession and service, and there are no mourners present.

It's the simplest way to be laid to rest, however, it may not be for everyone.

Direct cremation funeral plans for over 50s can be arranged through Reassured from as little as £15.97† a month.

There is also the option to include a small funeral service for close friends and family, and these plans cost from £19.17‡ a month.

Joint funeral plans for over 50s

A joint funeral plan is a single funeral plan placed in two names.

This may be yourself and your partner, or for two different people such as your parents.

The funeral plan will only cover the first death and not both.

You may be comfortable with this arrangement, as at least the remaining partner will be protected financially and they won’t need to plan the others funeral.

But this means a funeral for the second death will need to be paid for by using funds available from the estate.

Whilst this is common practice, it may take a while for funds to be released due to probate, and so family members will need to cover the funeral costs in the meantime.

Which is why it may be wise to have two separate forms of over 50 funeral cover in place, budget allowing.

Cancellation policies for funeral plans for over 50s

It’s not always possible to stay on top of your financial commitments and you may need to cancel your funeral plan.

Luckily, funeral plan cancellation policies tend to be quite straight forward.

Usually, if you cancel before the payment plan has ended, then all funds paid will be refunded to you, excluding a cancellation fee.

Although some cancellation fees can be up to £800, so it’s important to make note of these before taking out a plan.

You may consider transferring the funeral plan to a partner or family member instead of cancelling the plan altogether.

Or you could simply downgrade the plan to something more affordable.

This would avoid the cancellation fee and the funeral cover will remain in place.

If you’ve opted to pay by instalments, then it’s important the monthly payments are kept up to date.

Otherwise, your plan could be cancelled and your funeral won’t be covered.

Funeral insurance for over 50s

As someone over 50, you may consider an over 50s plan to cover your funeral costs.

  Funeral plan Over 50 plan
Guaranteed acceptance
No medical questions
Quick & easy application
Protected against inflation
Terminal illness cover
Financial Conduct Authority (FCA) registered service
Funeral Planning Authority (FPA) regulated


An over 50s plan won’t provide protection from rising funeral costs but could provide a guaranteed cash pay out of up to £25,000.

This is ideal if you wish to cover funeral costs and leave behind an inheritance or clear debt.

An over 50s plan guarantees acceptance to all UK residents aged 50-85 years old.

As with a funeral plan, no medical information is required to secure cover.

An over 50s plan guarantees protection for the whole of life.

This means premium payments may need to continue until you pass away, or until you reach a certain age (such as your 90th birthday) depending on the insurer.

The sum assured remains the same, however, the total amount you pay into the policy is unknown.

On the other hand, with a funeral plan, you’ll know exactly how much there is to pay from the outset.

See our in-depth article on life insurance or funeral plan »

Contact our award-winning team today to discuss your options.

Funeral Plan

  • Pay a fixed sum in advance to cover all the key elements of your funeral
  • Payment is made in one lump sum or by instalments to the plan provider or funeral director
  • Arrange in advance all aspects of your own funeral, so loved ones don’t have to
  • Lock-in the price of a funeral at today’s rate; your plan will not be affected by inflation
  • Select a funeral plan to suit your budget and the level of service you wish to receive when you pass away
  • Guaranteed acceptance, regardless of your health or age
  • Cancellation flexibility on funeral plans

Over 50s Plan

  • Fixed monthly premiums that never increase
  • Sum assured is usually between £5,000 and £25,000 and is guaranteed to pay out when you pass away
  • Your beneficiaries can make the decision on how the pay out is spent
  • Write in trust to avoid or minimise inheritance tax
  • A medical assessment is not required to secure cover. This also makes the application process quick and simple
  • Guaranteed acceptance for 50-85 year olds
  • You could stop paying premiums by age 90
Compare Over 50 Life Insurance Quotes »

The waiting period

When you take out an over 50s plan there's a waiting period (or qualifying period) which lasts 12 or 24 months.

This is a period of time at the beginning of a policy when you're unable to claim if you pass away of natural causes.

If you do pass away during the waiting period the premiums you've paid are returned to your loved ones.

A funeral plan will usually not kick in until 12 months after the start date if you've opted to pay by instalments.

If you were to pass away of natural causes during the initial 12 months, the funeral plan will be invalid and funds returned to your beneficiaries.

However, if you were to pass away from accidental death during the first 12 months then your plan is valid and the provider will carry out your funeral as agreed.

A funeral plan and life insurance

Depending on your available budget, it's possible to have both a funeral plan and a life insurance policy.

For example, you may want to take out funeral cover specifically to avoid rising funeral costs and an over 50s plan to provide an inheritance.

Obviously, this would mean paying for two separate policies but would provide you with much greater coverage.

Your age

Although acceptance is guaranteed on either a funeral plan or an over 50 plan, your age could still influence the right policy for you.

For those over 60 or 70, you may find that an over 50s plan is more suitable, particularly if your health is not good.

You could pay off any outstanding debts, cover funeral costs and leave behind an inheritance to your loved ones.

If you're over 80, you will only be accepted for an over 50s plan up to the age of 85.

What's more, you may find that the premiums are too expensive, as you would be paying premiums for a shorter period of time than someone younger.

As a result, depending on what it is you want to protect, a funeral plan may be a better option.

Free gift incentives

You may have seen insurers offering free gift incentives to new customers if you buy life insurance direct from them.

Although this can be enticing, it's normally best in the long-term if you choose the right policy/plan, from the right provider and view the free gift as a bonus.

Over the course of an entire term, the monetary value of a free gift usually ends up being insignificant.

Paying for your funeral with savings or investments

Whilst loved ones can use your savings to pay for your funeral, this cash may take some time to be released to them.

This is because any savings in your bank account and any investments are considered as part of your estate, and will need to go through the probate process.

Probate can take from 6 – 9 months after you pass away, sometimes much longer.

But, if you use your savings to pay for a funeral plan in full today, the funds paid into the plan won’t be considered as part of your estate and will be available straight away to cover your funeral.

Also, a funeral plan locks-in today’s prices, but with savings, your loved ones would need to pay the going rate for a funeral when the time comes.

With a funeral plan, you’ll also have peace of mind that your final farewell has been arranged according to your wishes.

Our friendly team can help with any questions you may have, so contact Reassured.

Co-op funeral plans for over 50s

Reassured can provide funeral plans from the Co-op.

Funeral plans from the Co-op are considered some of the best on the market, (see top 10 funeral plans).

The Co-op Gold funeral plan has been rated 5 stars by Defaqto and both Gold and Silver plans are rated 5 stars from Fairer Finance.

The Co-op also won Best Funeral Plan Provider Double Gold award at the moneynet.co.uk awards in 2018 and 2019.

Secure your Co-op funeral plan for over 50s from just £20.38 a month through Reassured.

Buy a funeral plan over 50

There are many funeral plans on the market offering different levels of service, at varying prices.

Searching through these may not only be daunting but also very time-consuming.

Using an FCA registered broker service, such as Reassured, can relieve you of this mundane task.

We compare multiple funeral plans on your behalf to help you find the most suitable plan.

So, if you’re looking for funeral plans for over 50s, challenge us today to save you money.

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Sources:

*£20.38 per month includes a £75 discount only available to Co-op members, based on a 50-year-old purchasing a Simple Funeral Plan at £3,220 after discount with 25 years payment term (total amount payable £6,115.40)

[1] https://www.sunlife.co.uk/siteassets/documents/cost-of-dying/SL-cost-of-dying-report-2020.pdf

[2] https://www.coop.co.uk/funeralcare

Prices correct as of December 2020

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Our Providers

At Reassured, we will provide you with quotes from Co-op Funeral Care, Dignity Funeral Services and Simplicity Cremations.

All of the funeral plans we provide are fully regulated by the Funeral Planning Authority (FPA) ensuring you and your money are protected.

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