Funeral plans under 50

The earlier you take out a funeral plan, the more money you can potentially save your loved ones in the future.

Why? Because funeral costs are rising year on year above the rate of inflation and a funeral plan is a great way to freeze today’s price.

This benefit may not be around forever so it may be sensible to grasp this opportunity whilst you can.

At Reassured, we can arrange funeral plans that are available to anyone aged over 18.

Research carried out since 2004 has shown that funeral costs have risen +128% and will continue to rise in the years to come^[1].

Therefore, people in their 30s or 40s have the opportunity to avoid many years of rising funeral costs.

Even in the next five years, funeral costs are forecast to increase by 20%.

As touched upon earlier, taking out a funeral plan today allows you to freeze today’s price.

You’ll be able to establish immediate cover so that no matter what happens, the protection is in place for loved ones for many years to come (funerals are expensive as it is!)

Plus, you’ll be saving your loved ones potentially thousands of pounds in the future - an honourable legacy to leave behind.

As someone under 50, you’ll have access to the most flexible funeral plan payment options.

This is because, as you will not be impacted by any upper age limit set by the plan provider, you can spread the cost up to a maximum of 25 years.

And, whilst instalment charges apply, by spreading the plan over the longest term you can benefit from the lowest monthly cost.

For example, a 48-year-old spreading the cost over 25 years will pay just £19.11^* per month.

As mentioned, by spreading the cost of your funeral as early as possible, you won’t have to worry about this expense during retirement when funds may be more limited.

All funeral plans available through Reassured are approved by the Funeral Planning Authority (FPA).

Essentially, the FPA ensure that regulated providers have measures in place to ensure the financial protection of funeral plan customers.

So when buying a funeral plan through us, you’ll have peace of mind that your money is safe.

Reassured is also regulated by the Financial Conduct Authority (FCA), which means that our broker service must abide by their strict code of practice at all times.

We provide a standard of service as set by the FCA to ensure that you receive only fair, correct and impartial information.

Contact Reassured today and one of our highly trained team members will be able to help with your enquiry.

Life insurance provides financial protection for your loved ones in the form of a cash lump sum, which can be used to pay for your funeral.

The pay out could also be used to ease other financial pressures your family may be faced with if you were no longer around, for example, mortgage repayments, daily living costs and/or childcare.

Before turning 50 may be the best time to take out life insurance, especially if you’re in good health, as you could benefit from low-cost premiums.

^*£19.11 per month pricing includes a £75 discount only available to Co-operative members and is based on a 50-year-old purchasing a Co-operative Simple Funeral Plan at £3,020 over the maximum term available of 25 years (total amount repayable £5,733.40) as of 1st March 2021

^†If paying by monthly instalments and pass away after the first 12 months from the start of the plan

⁺The £100 discount offer applies to all Dignity Funeral Plans purchased through Reassured between 10th March and 11th May 2021. For example, a Diamond plan purchased by lump sum will be discounted from £4,195 to £4,095, or from £349.58 to £341.25 if you choose to pay over 12 months. Instalment payments over a period greater than 12 months will also be discounted

[1] SunLife (2021), Cost of Dying Report, sunlife.co.uk/costofdying2021