Funeral Plans provide lots of benefits:Everyone is eligible:
– No minimum or maximum age, and no medical
– Funeral plans cover 100% of the funeral costs
– It freezes the cost of the funeral – forever!
– Money kept in a highly secure Trust Fund
– It ensures your loved ones don’t get into debt
Yes, that’s right. Everyone is eligible and the longer you have one, the more money you will save and be able to pass on to your family. People who bought plans in 2005 paid less than £2000, so they have already saved over £1000. And their family will have the peace of mind of knowing the funeral cost is completely covered. Almost half of UK families get into financial difficulties because of the cost of a family funeral. Often the family are offered expensive options by the funeral company and they go for it as they are distressed and want to give their loved one a good send off, even though the deceased would have been happy with a simple, inexpensive funeral. By planning your funeral ahead of time, you can protect your loved ones from making luxury purchases due to grief.
Funeral plans always covers the total cost of the funeral. This is often where people think it’s impossible that £3500 today can cover a £12000 funeral in 20 years’ time. Especially as most funeral plans offer a one or two year interest-free period. But it is not impossible and this is how it works….
The money is kept in a carefully regulated Trust by the National Federation of Funeral Directors. When someone with a funeral plan passes away, the family take the bond to the local Funeral Director of their choice who usually undertakes the funeral. Even if the funeral costs are £10,000, and the deceased only paid £3000 for the funeral bond, the bond will still cover 100% of the funeral. This is because the money in the Trust is invested in the market in long term investments like hedge funds and pensions are. Although the average cost of a funeral goes up by 10% a year, the fund goes up by 15-20% or more per year and so always stays ahead of inflation. As more money pours in to the Fund, the market returns grow even larger. This is why the rich get richer! But Funeral Directors have turned this power to your advantage and now billions of pounds are in the market, working for hardworking families across the land to ensure your family inherit more of your estate and they don’t have to worry about paying for an expensive funeral. Just remember to tell them you have bought a plan and where to find it!