The average cost of a funeral has gone up by around 90% over the last decade. In 2005 a funeral cost an average of £1965, and last year that had risen to £3690.
In 2025 the average cost of funeral is expected to be £6710 and in 2035 over £12,200!
Sadly, wages and pensions never seem to keep up with rising costs. In the future, more and more families will be pushed into financial hardship by the cost of a funeral. Already, over 40% of families report getting into financial difficulties due to cost of funeral.
Now there is a way to protect loved ones from rising funeral costs. Buying a funeral plan covers 100% of the funeral expenses and not only freezes the cost of a funeral, it also protects your loved ones from getting into debt to pay for your funeral.GET A QUOTE
55 year old man buys a funeral plan in 2005 for £1965 and dies in 2035. His family will benefit from a bond that covers the full cost of the funeral £12,100 plus there will be an additional saving of £10,135 because the bond only cost £1965 when it was initially bought. This gives his family an additional inheritance of £22,235
PLUS You don’t just have to be in your fifties to make savings. If an 80 year old woman buys a bond in 2015 for £3690 and lives for another decade, she will have saved her family from the financial headache of £6710 for paying for her funeral and will have ensured there is £9730 extra for her family to inherit.
So, remember, it is not just the massive savings from being protected against the massive yearly rises in the average cost of a funeral, it is also the fact that your family will benefit from the additional inheritance of the combination of the funeral savings and being covered for 100% of the cost of the funeral.
More information about rising funeral costs can be read here in a BBC News articleGET A QUOTE