Joint funeral plans

Joint funeral plans are primarily taken out by couples to protect their surviving partner from the cost of their funeral.

Not all plan providers offer funeral plans for couples, so it may be worth considering your other options.

For example, you could have two individual funeral plans and spread the cost over a number of months or years so it’s more affordable.

This also means you’d both benefit from fixing today’s funeral prices and protecting loved ones from rising funeral costs.

To put in perspective, two funeral plans paid for monthly can cost less than one monthly mobile phone contract.

At Reassured, we believe that anyone who has a partner, close relatives and/or children would benefit from having individual funeral plans in place - offering the very most protection they’ll appreciate.

Not only can you protect loved ones financially with a funeral plan, but you can also protect them from the additional stress of arranging your funeral.

This is because, with your own funeral plan in place, you can plan your funeral in advance, removing this responsibility from loved ones.

Whilst this seems like a dismal task, there are benefits of planning your own funeral.

1. Fulfil your final wishes, with a ceremony arranged to your preference
2. Remove the pressure from loved ones who’ll want to organise the perfect send-off
3. Remove some of the difficult decisions that loved ones would otherwise have to make
4. Prevents loved ones from overspending on unnecessary services for your funeral

When the time comes, your loved ones would simply need to get in touch with the funeral director who’ll start organising the funeral as per your wishes.

As mentioned, it’s possible to spread the cost of your funeral plan over 2 – 25 years, when arranged through Reassured.

But what happens if you pass away during this time and haven’t paid all your instalments?

Some plan providers would require your loved ones to pay the outstanding balance of your plan so that the funeral services can go ahead as agreed.

However, with funeral plans arranged through us, this needn’t be a worry.

This is because if you pass away after the first 12 months of paying for your plan, and all instalments are up to date, then your funeral will still be carried out in accordance with your plan, with nothing else for your loved ones to pay.

This is the plan provider promise for monthly funeral plans arranged through Reassured.

A joint life insurance policy may be a cheaper alternative to a joint funeral plan.

Joint life insurance covers two lives simultaneously, and a pay out is made upon the first death.

It’s possible to save approximately 25% with a joint policy in comparison to two single policies.

This is ideal for couples who would like to leave behind some financial protection but are on a tighter budget.

Whilst a funeral plan can only be used to cover your funeral, a life insurance policy can leave behind a larger sum to be spent how loved ones deem fit.

With Reassured, it’s possible to secure joint life insurance from just 20p-a-day.

Get in touch with our award-winning team to compare quotes.

^*£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

^**£15.97 a month is for the Simplicity Cremations Lily Plan, provided by Reassured which is for a direct cremation only, at £1,495 with 10 years payment term (total amount payable £1,916.77)

^†Plans do not cover the cost of a burial plot

⁺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