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By: Rosie Ritchie
Protection Expert
6 min read
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A funeral plan is a good idea for people aged under 50 who want to ensure financial security for their loved ones in the future.
While a funeral may seem a long way off, planning ahead can provide peace of mind, help reduce stress for family and potentially protect against rising costs.
In this guide, we explain everything you need to know about funeral plans for under 50s, including the benefits and drawbacks, how they compare to life insurance and what to look for when choosing a plan.
A funeral plan is an arrangement with a funeral provider that allows you to plan and pay for your own funeral in advance.
It’s an affordable way to help protect loved ones from the financial and practical aspects of a funeral.
A plan covers a range of key services for either a cremation or burial, such as:
Depending on the provider and your budget, you can pay for a plan in a single lump sum or in monthly payments.
The cost is fixed at today’s rates, regardless of when the plan is used in the future.
Some providers allow you to start a prepaid funeral plan at any age, while others set a minimum age of 18.
Although funeral plans are more common among older age groups, you don’t need to wait until after 50 to make arrangements. You can take out a plan whenever it feels right for you.
Once your plan is in place, there’s no time limit on when it can be used. Your chosen services will be covered when the time comes, provided the plan terms have been met.
Reasons to buy a funeral plan under 50 can include:
Lock-in the cost of your funeral
One of the biggest reasons to take out a funeral plan earlier in life is to help protect against rising funeral costs. Since 2004, the cost of a traditional funeral has increased by 146%[1]. As a result, many people worry about the impact of higher prices in the future. Taking out a plan at a younger age allows you to lock-in today’s prices and could mean greater savings for your family when the time comes.
Peace of mind
A funeral plan can offer peace of mind that your family won’t have to cover expensive funeral services or make difficult decisions about your send-off during an emotional time.
Plan the funeral your way
Having a funeral plan in place can give you more control over your own funeral arrangements. Whether you’d prefer a direct cremation, traditional cremation or burial, a plan helps ensure that your final wishes are carried out. It also allows you to leave clear instructions for those closest to you reducing confusion over how you’d like to be remembered.
Guaranteed acceptance
Unlike life insurance, acceptance for a funeral plan isn’t based on your health or lifestyle. As long as you’re a UK resident, aged 18 or over (with most providers), and you don’t already have a plan in place, arranging your chosen plan should be quick and straightforward.
Spread the cost
Taking out a plan earlier in life means you can choose to spread the cost over a longer period. This makes the monthly payments more manageable, especially spread over the maximum payment term available (usually 10 to 25 years depending on the provider).
A funeral plan typically costs between £1,500 and £5,000 or from £20 - £30 a month depending on the type of funeral and provider.
The more services included, and the more personalised the arrangements, the more expensive the plan is likely to be.
The table below shows some example prices for different funeral plan providers:
| Co-op | Dignity | Golden Charter | Golden Leaves | |
| Direct cremation plans (unattended funeral) | £1,700 | £1,899 | £1,950 | £1,700 |
| Simple plans | £2,995 | N/A | N/A | £2,449 |
| Standard plans | £3,685 | £3,850 | £3,800 | £3,725 |
| Mid-level plans | £3,975 | £4,409 | N/A | N/A |
| Top-level plans | £4,160 | £4,967 | £4,150 | £4,135 |
The information in this table was taken from the separate providers websites and is accurate as of 17/06/2026
Payment options
Funeral plan providers often offer flexible payment options to suit different budgets:
If paying over the maximum payment term available, payments for someone under 50 can start from around £20 - £30 a month.
As prices vary between different providers, it’s important to compare several options to help you find a plan that suits your specific budget and needs.
While it can be beneficial to take out a funeral plan early in life, there are some potential disadvantages to consider.
Other financial commitments
In your 20s, 30s or 40s, you may have other important expenses to manage, such as mortgage payments, loans, childcare and household bills. You may also be saving for the future or building your pension, which could limit how much you have available to put towards a funeral plan.
Your circumstances may change over the years
A change in your circumstances could mean that the plan is no longer suitable for your needs. While it’s possible to make certain changes to a plan, this could come with an additional cost.
Instalment fees may be added
If you pay by monthly instalments over a longer period, then this may incur additional fees and increase the total cost of the funeral plan.
Life insurance could be cheaper
If you’re in good health, then life insurance could be cheaper than a funeral plan in the long term and could provide a larger pay out for your family to help cover funeral costs and other expenses when the time comes
Funeral plans are often associated with those who are older and planning for later life, while life insurance is often associated with growing families and buying a home.
For people under 50, it’s worth exploring both options to decide which is better for you and your loved ones.
We compare the key differences below:
At Reassured, we’re not able to offer funeral plans, but we can help you arrange life insurance from just 20p a day†.
Our service is fee-free and without obligation, so get in touch for your quote.
The best funeral plans for people under 50 will depend on the type of funeral you’d like and how much you want to spend.
According to expert ratings, some of the best traditional funeral plans include:
And some of the best direct cremation plans include:
With many funeral plan options available, it’s not always easy to compare all the features and benefits of each.
However, there are some key details to look out for when shopping around:
Are fixed monthly funeral plans under 50 worth it?
Funeral plans with fixed monthly payments could be worth considering for people under 50.
Spreading the cost over a set period may feel more manageable than paying upfront.
However, monthly payments can include instalment fees, which may increase the total cost of the plan. This means you could end up paying more than what the funeral is worth.
If you’re under 50 and working to a budget, life insurance could be an affordable alternative (depending on your health and lifestyle).
What are cheap prepaid funeral plans under 50 with guaranteed acceptance?
Cheap prepaid funeral plans under 50 with guaranteed acceptance include direct cremation plans, also known as unattended cremation plans.
Prices start from around £1,500 in full or from £20 a month depending on the provider. This is the cheapest type of plan as it doesn’t include a funeral service for the family to attend.
A direct cremation funeral plan usually covers the following services:
Can you get a funeral plan under 40?
Yes, you can get a funeral plan under the age of 40.
As mentioned, funeral plans are available to all UK residents, with most providers accepting those aged 18 or over.
However, it’s important to compare the cost and benefits of funeral plans with life insurance to help you decide which option is best for you.
Life insurance for under 40s can start from as little as 20p a day through Reassured.
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