Funeral plans
for over 50s

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

Funeral plans arranged through Reassured start from as little as £20.38^* a month.

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…

Funeral plans purchased through Reassured offer the following key benefits:

1. Guarantee to cover all third-party fees

The prepaid funeral plans we provide a guarantee to cover doctor fees, minister fees and cremation or burial fees.

These costs make up to on average £860 for a cremation and £2,288 for a burial^[1].

Since 2009, cremation and burial fees have risen by over 70% and this trend is set to continue.

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

This leaves essential third-party services vulnerable to rising funeral costs.

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

With a funeral plan purchased through Reassured, you’ll have peace of mind that third-party fees are guaranteed no matter how much prices increase.

2. Guarantee to cover funeral costs

There are three different payment options for funeral plans arranged through Reassured.

You can pay the full cost upfront, for immediate cover.

You can pay in 12 monthly payments fee-free.

Or, you can spread the cost from 2 to 25 years in monthly instalments, (plus instalment charges).

Whilst payment options are similar or the same for other funeral plan providers, most won’t 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 end of life wishes will still be carried out and at no extra cost to loved ones.

3. 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).

Funeral plans usually cost between £1,500 and £4,400 upfront, depending on the level of service.

The level of service is reflected in the price, therefore the cheaper the plan the fewer the services.

Although, every funeral plan will cover the standard set of services required to carry out a basic funeral.

The very cheapest funeral plans that start from £1,500 are for direct cremation only.

Which means you'd still receive the funeral director services required, but a ceremony won't be held.

It is the simplest type of funeral available.

Some funeral plans will offer better value for money.

For example, the funeral plans that guarantee to cover third-party fees.

This is because third-party fees can cost up to £2,288 on top of a funeral plan.

Funeral plans arranged through Reassured do cover all third-party fees.

Funeral plan costs may be affected by the location of the funeral.

As some areas in the UK are more expensive for funeral services than others.

Choosing a funeral plan provider that offers fixed priced funeral plans, will avoid any unexpected price increases.

Funeral plans arranged through Reassured aren’t affected by regional variations in pricing.

Secure your over 50 funeral cover with us today from just £20.38 a month.

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.

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.

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.

Starting to save now for your funeral may take many months, particularly as someone over 50 who may be retired or working shortened hours.

And the longer it takes, the more you’ll need to save in line with rising funeral costs.

In just 5 years’ time, a funeral could cost on average £1,000 more, (that’s an annual increase of 4%).

If you don’t have savings, you could spread the cost of a funeral plan with low-cost monthly instalments.

On the other hand, you may already have a nest egg ready to hand over to your family after you’re gone.

Using these savings to pay for your funeral plan in full upfront, will protect your investment from inflation.

It also means that when you pass away, the funds will be available much quicker to pay for your funeral.

This is because any savings you have are considered as part of your estate and will need to go through probate when you pass away.

Probate can take 6-9 months and sometimes years, until the funds can be released.

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

Reassured compare 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.

^*£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