Over 50s funeral plan or over 50s plan?

A funeral plan or an over 50s plan are two different ways to contribute towards the cost of your funeral ahead of time.

The difference between the two options are as follows:

  • A funeral plan is a type of contract which allows you to arrange and pay in advance for your key funeral services.
  • An over 50s plan is a type of life insurance policy which provides a cash pay out when you pass away

At Reassured, our award-winning broker service can provide you with multiple quotes for over 50s plans free of charge.

We can also provide free personalised quotes for the SunLife Guaranteed Funeral Plan, a type of over 50s funeral cover.

The SunLife Guaranteed Funeral Plan is different to ordinary funeral plans because it’s an insurance policy which guarantees to cover the cost of your chosen funeral services after two years.

Funeral plan over 50s key features SunLife plan

Over 50s Funeral Cover
[SunLife Guaranteed Funeral Plan]

Key features:

  • Covers the cost of your key funeral services when you pass away (choose between two levels of cover)
  • Allows you to specify the arrangements for your final send-off
  • Guarantees acceptance if you’re a UK resident aged 50 - 80
  • No medical information required
  • Guarantees to pay out after two years
  • Premiums beginning from £19.18 a month ^ through Reassured
Funeral plan over 50s key features over 50s plan

Over 50s Plan
[Over 50s life insurance]

Key features:

  • Provides loved ones with a cash lump sum when you pass away
  • Funds can be used to help pay for your funeral
  • Pay out sum up to £20,000
  • Guarantees acceptance if you’re a UK resident aged 50 - 85
  • No medical information required
  • Guarantees to pay out after one or two years (depending on provider)
  • Premiums from £5 a month + through Reassured

Continue reading as we explain funeral plans for over 50s in more detail. We also explore over 50 life insurance and over 50s funeral cover to provide you with a more in-depth comparison of all the options…

How does a funeral plan for over 50s work?

A typical funeral plan for over 50s allows you to arrange and pay for your key funeral services in advance.

It includes a combination of services for either a cremation or burial funeral and you can choose a plan based on the type of send-off you would like and your budget.

You pay either in monthly instalments or in one single payment, and the money is kept in a life insurance policy or trust fund until it’s needed for your funeral.

What are the benefits of a funeral plan over 50s?

The main benefit of taking out a funeral plan, or other type of funeral cover in your 50s, is peace of mind for you and your family.

When you’ve set up your plan you can be assured that your loved ones won’t have to organise your entire funeral or cover the large expense when the time comes.

This can help reduce a lot of stress and worry for them while they’re grieving.

The average cost of a funeral in the UK is currently £4,056 (+121% since 2004) and the average total cost of dying is £8,864[1].

Cost of funerals infographic

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This calculator uses data from the SunLife Cost of Dying Report 2021 and should only be used as a guide.

What does a funeral plan for over 50s cover?

A funeral plan is designed to cover the key services for either a cremation or burial funeral.

The services and items included in a plan will depend on the provider and the different plans they offer.

However, most funeral plans will cover the following as standard:

  • A funeral director to make all the arrangements
  • Collection, preparation and care of the deceased
  • A coffin and hearse
  • Personnel for the funeral
  • A funeral service
  • Bereavement support for family
  • A contribution towards cremation or burial fees

At Reassured, we can arrange a choice of two different funeral cover options provided by SunLife.

Each option covers a different combination of services depending on the type of send-off you want to have.

What does a funeral plan for over 50s cover most popular plan

Most popular cover option

Traditional

  • A cremation (or contribution for a burial)
  • Return of ashes to loved ones
  • A smart coffin
  • A funeral service
  • A hearse
What does a funeral plan for over 50s cover more comprehensive plan

More comprehensive cover option

Traditional Plus

  • A cremation (or contribution for a burial)
  • Return of ashes to loved ones
  • A high quality coffin
  • A funeral service
  • A hearse
  • Two limousines
  • Transportation to a separate service (for example, a church service)¤

¤separate service costs not covered in the plan

Both funeral cover options also include the following:

  • Collection, preparation and care of the deceased
  • Help with death registration and organising the paperwork for a cremation
  • Special requests certificate to record additional final wishes (cost of special request services not covered in a plan)
  • Minister or celebrant fees
  • 24/7 professional guidance and bereavement counselling

The funeral services are carried out by a trusted local funeral director when the time comes.

Get in touch with Reassured for more detail regarding the funeral cover we have available.

How much is a funeral plan for over 50s?

How much a funeral plan costs will depend on the plan provider and the level of service included.

Typically, there are four levels of service:

  1. Basic
  2. Standard
  3. Mid-level
  4. Comprehensive

The table below compares funeral plan prices for some leading UK providers and the plans they offer.

The monthly prices are based on a 50 year old spreading the cost of a plan over the maximum payment term and paying the minimum deposit required by the provider.

Payment terms and deposit amounts vary between providers.

Basic plansStandard plansMid-level plansComprehensive plans
Co-op£3,095 or from £18.96 a month£3,595 or from £22.17 a month£3,995 or from £24.65 a month£4,295 or from £26.55 a month
Dignity£3,095 or from £38.25 a month£3,495 or from £42.53 a month£3,850 or from £46.32 a month£4,195 or from £50.01 a month
Avalon£3,645 or from £35.06 a monthN/A£3,995 or from £38.52 a month£4,245 or from £40.99 a month
Golden Charter£2,895 or from £13.59 a month£3,495 or from £16.45 a month£3,850 or from £18.15 a month£4,099 or from £19.34 a month

The information in this table was taken from the separate providers websites and is accurate as of 03/03/2022
As mentioned, Reassured cannot help arrange the type of funeral plans listed in this table

Over 50 funeral cover prices through Reassured

When taking out the SunLife Guaranteed Funeral Plan through Reassured, the amount you’ll pay will depend on the funeral cover option you choose and your age.

You’ll need to pay a monthly premium until your 90th birthday or until you pass away (whichever is earlier).

After two years of payments, SunLife guarantee to pay out for your chosen funeral services.


The table below shows the beginning premium for each funeral cover option according to an applicant’s age:

Applicant's ageTraditional planTraditional Plus plan
50£19.18£23.02
60£22.81£27.38
70£32.01£38.42
80£61.00£73.22


Secure your free, personalised quote today by getting in touch with our friendly team.

SunLife Guaranteed Funeral Plan vs over 50s plan

The SunLife Guaranteed Funeral Plan or an over 50s plan, arranged through Reassured, are two different ways to safeguard your loved ones from unexpected funeral costs.

One of the key differences between the two options is that an over 50s plan provides a cash pay out when you pass away (which is capped at £20,000), whereas the SunLife Guaranteed Funeral Plan is designed to cover the cost of your funeral.


Here’s a quick comparison of their key features:

SunLife Guaranteed Funeral PlanOver 50s plan
A type of insurance policy designed to cover funeral costs List icon Cross
A type of life insurance policy designed to provide a cash pay out Cross List icon
Up to £20,000
Guarantees to pay out when you pass away List icon
(After two years)
List icon
(After one or two years depending on the provider)
Guarantees to cover your chosen funeral services List icon Cross
Immediate cover for accidental death List icon List icon
Fixed monthly premiums Cross List icon
Guarantees acceptance to UK residents List icon
Ages 50 - 80
List icon
Ages 50 - 85
No medical or health questions List icon List icon
Quick and easy application List icon List icon


An over 50s plan could provide a guaranteed cash pay out of up to £20,000, depending on your age and budget.

This could provide a sufficient level of protection if you wish to help contribute towards your funeral costs as well as leave behind an inheritance or clear outstanding debt.

Although, this type of policy doesn’t guarantee to cover the cost of your funeral as you may not be able to secure a high enough sum assured (pay out amount), especially if you live in an area with high funeral fees.

In which case, you may prefer to take out a SunLife Guaranteed Funeral Plan which guarantees to cover your chosen funeral services after you’ve paid 24 monthly payments.

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

People at the lower end of this age bracket should be able to obtain the highest level of cover at the best price.

Like with a funeral plan, no medical information is required to obtain cover making it a desirable option for those with a poor medical history who’d struggle to secure other types of life insurance.

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

This means premium payments will 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.

Therefore, the longer you live, the more likely it is that you could pay more into the policy than what’s paid out.

Read our in-depth article which explores life insurance vs funeral plan for more information »

The full funeral insurance over 50 solution

Depending on your available budget, it's possible to have both a funeral plan (or other type of funeral cover) and a life insurance policy in place should the worst happen.

For example, you may want to take out a funeral plan specifically to cover your chosen funeral services and an over 50s plan to cover other expenses, such as professional fees for administering your estate.

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

Compare quotes for funeral cover and for over 50s plans through our fee-free broker service.

Best funeral plans for over 50s

The best over 50 funeral plan won’t be the same for everyone, as there are many different options available.

However, according to the latest Fairer Finance expert ratings, some of the best over 50 funeral plan providers include[2]:

Cheap funeral plans for over 50s

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

Direct cremation is a simple cremation with no funeral service and no attendees.

A typical direct cremation plan covers services such as:

  • Collection and care of the deceased
  • Cremation fees
  • Basic coffin
  • Return of ashes

They won’t cover things like a hearse, limousines, a service at the crematorium chapel and so on.

Whilst most people prefer a traditional send-off, direct cremation provides a more affordable alternative.

Currently, Reassured isn’t able to help you arrange a direct cremation funeral plan for over 50s.

Joint funeral plans for over 50s

Joint funeral plans are usually taken out by married couples who want to ensure that if one partner passes away, the surviving partner doesn’t have to arrange or pay for the funeral.

It provides cover for two people at the same time but will only pay out once. Once the plan has been redeemed, the surviving partner may need to arrange a new plan.

Joint funeral cover for over 50s isn’t available through Reassured. This is because the funeral cover we arrange is tailored to your individual needs and budget.

Secure a SunLife Guaranteed Funeral Plan for over 50s

At Reassured, we can help you arrange a safe and affordable funeral cover option provided by SunLife.

This is a type of insurance policy which guarantees to pay out for your chosen funeral services after two years.

We can also help you compare quotes for over 50s plans, including SunLife over 50s life insurance, which provides a cash pay out to your loved ones when you pass away.

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The SunLife Guaranteed Funeral Plan offers the following benefits:

  • 100% pay out protection. Policies come with FSCS protection
  • Guaranteed acceptance if you’re a UK resident aged 50 - 80 (no medical information required)
  • Guarantees to cover your chosen funeral services after two years
  • Immediate accidental death cover from when you take out the plan

Our service is fee-free and without obligation. We’re simply dedicated to helping you find the right financial protection for you, to support your family should the worst happen.

Make the most of our award-winning broker service to compare multiple quotes for over 50 funeral insurance.

Sources:

[1] SunLife (2022), Cost of Dying Report, sunlife.co.uk/funeral-costs

[2] https://www.fairerfinance.com/ratings/product-ratings/prepaid-funeral-plans

Related articles:

Our Providers

  • The SunLife Guaranteed Funeral Plan is an insurance policy which after two years guarantees to pay for your chosen funeral services
  • SunLife is authorised and regulated by the Financial Conduct Authority
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