The best value funeral plans available in the UK are those that are paid for in full, in advance, or in installments. They offer a savings plan that will not be subject to inheritance tax and one where the payout will never be less than the amount paid in. Unlike life term plans, there are no catches with prepaid funeral plans. What you see it what you get. You will save money, and what’s more you will plan the details of your funeral with your funeral planner. Let’s look into why the best value funeral plans are prepaid plans in a little more detail.
The best value funeral plans are those that you take out in advance. You can take out a funeral plan at any age. You don’t have to wait until you are nearing your retirement. The sooner you pay all the installments of your plan, the sooner you will be able to enjoy the rest of your life without having to worry about who will pay for your funeral.
The amount you pay into your funeral plan will depend on the type of sendoff you want when you pass. The best value funeral plans will cater for a standard funeral without frills. If you want for something more extravagant, don’t panic. All you will need to do is pay more in to your funeral plan.
When you plan your funeral in advance with your local funeral celebrant, no detail will be left out. You will be able to decide on your venue, service, guest list, and much more. By determining the type of sendoff you want you will be able to work out how much your funeral will cost. With the amount determined, you will know just how much you need to pay into your plan. The sooner you finish paying into your plan the better. The price of funerals is rising in the UK. But don’t worry.
The amount you will pay for your funeral will be finalised when you make your funeral plan and fill in your checklist. If you want to combat the ever-rising cost of funerals it is important that you buy your plan today. If you wait for a few years, the price of your funeral could rise by as much as one thousand pounds. This may seem ridiculous, but it’s the truth. The price of funerals is rising far more quickly than inflation, more than double the actual rate of inflation!
The best value funeral plans are therefore those that you take out today. Don’t wait to plan your funeral until you retire. Although you obviously have no plans to die for many years, it’s never too soon to plan. Planning in advance combats inflation. It also leaves you the rest of your life to enjoy without the worry hanging over your head of who will pay for your funeral or the service you will have.
If you take out a funeral plan when you are still young, you will be able to make changes to the plan. This issomething you can do when you visit your funeral advisor. You can add more elements to your plan when you reach your latter years such as your guest list and choice of music etc. What is important to know from the outset though is the type of service you want. The price you will need to pay for your funeral plan will depend a lot on whether you wish to be buried, cremated, or something completely different like a Viking burial at sea.
The best value funeral plans are flexible and you can add extra funds at a later date if you choose to alter your plan. What is important is that you have a savings plan in place when you are still younger that will pay for your funeral. There is nothing worse than knowing that on your passing you will leave family members with funeral costs that they cannot afford.
Visit your local funeral planner today to discuss the best type of funeral plan to take out for you and your spouse or for more family members. You can include your spouse in your funeral plan, or alternatively you may like to consider taking out a funeral plan for your parents. Combating the cost of funerals is not just possible. It is easy. Contact your local funeral planner today to find out how.