A joint funeral plan is a single funeral plan placed in two names, perhaps of a married couple, that covers the cost of the funeral when one partner passes away.
It allows for two people to pay for one plan and ensure that one of their funerals is paid for in advance.
Typically, people choose for their joint plan to cover the cost of the first funeral, to protect the surviving partner. However, it’s possible for the plan to cover the second funeral instead.
Having a joint plan in place does mean that the funeral expenses for one partner would not be covered, and they may need to take out a new funeral plan at a later date.
Read on to learn more about joint funeral plans and if this may be the right option for you...