You can have a simple cremation without a funeral service.…
It’s easy for funeral costs to spiral out of control.
In fact, according to SunLife’s cost of dying report, 90% of funeral directors say people spend more money than they need to, especially on flowers, the coffin and limousines.
With 69% of people feeling under pressure to get things right while also being in mourning, you can feel pressured into emotional over-spending by additional family members and friends.
It may seem disrespectful to cut back on a final farewell, but it’s also important to be realistic about what’s within budget.
Even if you’re happy with your own funeral being on a budget, you wouldn’t want to leave any unnecessary financial impact on your loved ones.
Fortunately, there are plenty of ways to keep costs down, various budget funeral options available through most funeral directors, and policies which could potentially cover the cost of your funeral for your loved ones.
Reassured can't offer funeral plans for yourself or your loved ones. However, we can help you to protect loved ones from expensive funeral costs with life insurance products.
Life insurance options at Reassured which guarantee a pay out* include:
*Providing premiums are up to date and a claim is successful
Continue reading this helpful guide from award-winning broker, Reassured, for more information...
As traditional funerals are expensive, including ceremonial elements such as a procession with hearse and limousines, many people are opting for funerals within a budget.
Traditional funerals also require more organisation from a funeral director, who charges fees for each of the services they provide.
The cost of a basic funeral in the UK is £3,953 on average but it’s possible to spend less if you choose a budget funeral.
The pay out from a life insurance policy could help towards paying towards these budget funeral options.
Budget funeral options include the following:
^Some funeral directors offer a direct burial option too, although these are less common
Yes, there are many reasons why a family may want or need to arrange a funeral on a budget.
For example, if the deceased didn’t set enough money aside for their funeral, then it’s down to the family to cover the cost.
According to LoveMoney, funeral costs push thousands into debt, with each bereaved individual owing an average of £1,305.
Sometimes, it’s the deceased’s wishes for their family to spend as little money as possible on their send-off.
This is mainly because they don’t want a huge fuss and/or they’re aware that the expense could cause financial stress for loved ones.
You can't secure life insurance to cover someone else’s funeral. However, it’s worth considering life insurance as an alternative way to help cover your own funeral.
Life insurance is a type of policy where, in exchange for paying a monthly premium, your loved ones are paid a sum assured if you pass away.
While this is not guaranteed to cover the cost of your funeral, your loved ones can use the funds to help pay towards your funeral so they may not have to dip into their own savings.
Reassured have a range of life insurance options available which could be taken out to protect your nearest and dearest from an expensive bill for your funeral.
Life assurance could offer an affordable way to help protect your loved ones from the expensive cost of your funeral.
You’ll pay for your cover on a monthly basis (via a life assurance premium) and upon your passing, your loved ones can receive a lump sum pay out.
Depending on the level of cover you choose, and the cost of your funeral, there could also be an additional sum left for your loved ones to spend as they wish.
Reassured offer two life assurance policies which provide lifelong cover and guarantee to pay out to your loved ones when you pass away (as long as premiums are up to date and paid). These options are:
Best for those:
Best for those:
Due to being able to take cover out over a longer period, and with a higher sum assured (depending on your personal circumstances), whole of life insurance tends to be more expensive.
However, the benefit of providing a larger sum assured is that your loved ones don’t have to be on such a tight budget when planning your funeral.
Over 50s life insurance can be well suited to those who are happy with a budget friendly funeral, as the sum assured is considerably less.
It’s also a good choice for those who have struggled to secure standard cover, as acceptance is guaranteed to those age 50 - 85.
Why not talk through your needs with an expert member of our team?
We can provide you with all the information you need about all your available options to help you make a fully informed decision.
We can also provide you with quotes from some of the UK’s best life insurance providers.
There are ways to keep costs down when arranging a traditional religious or non-religious funeral.
You can pick and choose which elements could be scaled back to help you meet your specific budget.
Here are our top 12 tips on funeral planning on a budget:
1. Shop around and compare quotes
Shop around and compare quotes from more than one funeral director or company.
You’ll get a much better idea of what services are available and how much these should cost.
Plus, by comparing prices you’ll be able to find a local funeral director that offers the best deal for the services you want.
Be open about your budget with your chosen funeral director; check their pricelist before making any final decisions and ensure there aren’t any hidden costs.
You don’t want to end up paying for additional extras that you didn’t ask for.
2. Use social media
Instead of paying for a newspaper notice, you could invite family and friends to the upcoming funeral using social media (e.g. Facebook).
Social media is a free way of sending invitations, while also being more efficient.
Furthermore, with no paper used, it means it’s better for the environment - perfect if your loved one requested an eco-burial.
3. Choose an off-peak time
Funeral directors tend to charge more for funerals they hold outside of usual working hours and/or at weekends.
You may find the cheaper funeral options will have restricted times and dates for the funeral, but this could be ideal if you’re flexible.
4. Don’t have limousines
Funeral packages that include limousines or executive cars are more expensive.
It’s much more affordable to hire a minibus or multi seat taxi which could transport multiple guests to the funeral service.
Or guests could simply travel to the service using their own method of transport.
5. Cut back on flowers
1 in 4 people noted that certain funeral costs, including flowers, surprised them. See a full breakdown of funeral costs here.
When you think about how long the funeral service is (between 30 - 45 minutes) this may be the only time the flowers are seen by loved ones.
Compare prices from local florists to find a floral tribute perfect for your loved one and that’s within your budget.
6. Don’t have pallbearers
Having pallbearers to carry the coffin will add to the cost of the funeral.
To save money, you could ask a few family members and/or friends to do the honour instead.
7. Don’t embalm the body
Embalming allows the body to be preserved for family viewing before the funeral.
Sometimes, the embalming process isn’t necessary and it’s an additional cost that could be avoided.
That being said, if you choose to have an eco-burial, you wouldn’t be able to have the body embalmed as the chemicals used are toxic to the environment.
8. Choose a simple coffin
You can make significant savings just by choosing a simple coffin for your loved one.
Most people prefer the traditional coffin, with most popular choice in the UK being a wood veneer coffin.
Whereas a cardboard coffin is the cheapest and can either be provided through a funeral director or ordered directly online.
A funeral director can help you choose a coffin that’s at the right price point for you.
9. Hold a wake at home
Many people spend extra on venue hire and catering for the wake following the cremation or burial.
However, if you’re on a budget, you could simply hold a wake at someone’s house free of charge.
You could ask everyone to bring a dish or just provide a simple buffet for guests.
Sometimes it’s not always possible to have all loved ones at a wake.
Utilising a platform like Zoom or Skype can ensure everyone can pay their respects to the deceased, regardless of where they are in the world. This means those who would be coming from far or abroad will not need to pay for accommodation or transportation.
10. Have a cremation
The average cost of a cremation in the UK is £3,953, whereas a basic burial costs on average is £4,794.
A burial is more expensive due to additional burial fees (cost of digging a grave, lease of a burial plot and so on).
Also, headstone memorials aren’t cheap and they may require special maintenance over the years.
If your religion permits it and you don’t have any family traditions to abide by, then cremation is a budget-friendly option.
11. Get help with funeral costs
Why not check if you’re entitled to help from the government?
This payment can be up to £1,000 and can help cover essential funeral costs, such as burial or cremation fees.
12. Have a plan for your own funeral
There are options to cover your funeral in advance, including funeral plans and life insurance.
While Reassured doesn’t offer funeral plans, we can help you secure life insurance which could help towards the cost of your funeral.
Simply get in touch today.
A funeral is a difficult time for those grieving a loved one. However, it can also be a celebration of a loved one’s life and accomplishments.
While it’s possible to arrange a funeral on a budget, we can offer life insurance to help give you peace of mind about your own funeral costs.
Our award-winning call centres are available to help you to compare life insurance quotes from leading insurers, saving you time and money.
We’re an award-winning, FCA-regulated broker and all our services are FEE-FREE, so why not get in touch?
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