|Life insurance||Funeral plan|
|Provides a cash lump sum pay out that loved ones can spend as they see fit||Plan funds are paid directly to the funeral director to cover funeral costs|
|Sum assured (pay out amount) value is variable depending on the policy type and what it is you want to protect||Freezes funeral costs at today’s rate (avoid rising costs)|
|Fixed monthly premiums calculated based on personal factors and policy terms||Allows you to make the arrangements for your funeral (removing this burden from loved ones)|
|Depending on your circumstances, monthly premiums could be cheaper than monthly funeral plan instalments||Pay in full, or spread the cost with short and long term payment options|
|Different policy types to suit different needs||Different service levels to suit different budgets|
|Can be written in trust to protect savings and reduce inheritance tax||Guaranteed acceptance regardless of your age or health|
|Cover from 30p a day with Reassured||Plans from £20.38* a month with Reassured|
Life insurance and funeral plans are two very different products; varying in many aspects including cost and structure.
However, both products offer a practical solution to putting money aside to help pay for your funeral.
There’s no limit to just one type of cover - a life insurance policy and a funeral plan can be taken out simultaneously to serve different purposes.
But if it’s life insurance vs funeral plan, what’s the right choice for you and your family?
You can use our award-winning, FCA registered broker service (free of charge) to help find the answer.
At Reassured, we compare quotes for life insurance and funeral plans on your behalf, before securing you the best possible deal.
Continue reading as we provide all the information you need to make a fully informed decision on life insurance vs funeral plans...