Funeral plans

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Most prepaid companies do not hold your money but rather transfer it to the NFT (national funeral trust) which means it would be paid out to your nominated funeral director at the time of need. It's important to check this. A prepaid plan is a very good investment when looking at price increases especially in the last 16yrs. I work for a company who recommend a particular pre-paid planning company based on guaranteed third party/disbursement costs...another major point to check before purchasing a plan. I hear of so many people buying into low cost plans and these nearly always turn out to be what I see as cons. Pay until your 90...end up paying way more than necessary and no third party costs included. Third party costs related to cremation fees doctors fees and ministers..the opening/closing of graves...anything out of the funeral directors control. Like anything these costs also increase so take a policy with a contribution and be prepared to pull out a potentially large amount at the time of the funeral. They really are a great product if you do your research before purchasing!

I work with pre-paid plans and think they're a great idea. It's just a shame that so many people out there are miss-selling them. The details surrounding 3rd party costs and disbursements are not understood by most people...and companies use this to their advantage misleading people into believing their funerals are fully paid for when they are either not included at all or at best part paid. 3rd party fees include the cost of buriel/cremation, Dr's fees and minister fees. This adds up to around £900+. Absolutely shocking that people can do this to family's. Very few ppl read the T&Cs and take someone's word on their cover

We sell Funeral plans via Golden Charter.

As mentioned above, you should always ask "what doesn't it cover" and each company has various items that it won't such as flowers or even the plot where you will be laid to rest.

They can be extremely beneficial and can save a lot of money, however, it doesn't cover all costs and any good consultant will make you aware of that before purchasing.

I've actually had a lot of emails recently that are from companies offering funeral plans, but upon closer inspection, they are obvious frauds. One was selling UK funeral plans but was based in Panama. They had fake reviews.

Always do your research first and if in doubt, ask if it's legit More than happy to help advise on such matters

Are you advertising?

Ive organised and done a prepaid funeral for myself so my son wont have to do it. Ive gone with age uk.

Me and my dh heard a talk on Friday about funeral plans and their costs staying the same when first purchased. Be aware it's not like a life/death policy where you get a lump sum on the death of a loved one. You would still have to pay the remainder of the policy should you die before it was paid up. However the cost quoted by the planner was very very reasonable and might be worth thinking about.

We took out one policy which covered the two of us, about 5 years ago, that meant that whichever one of us died, the policy could be used for that person, or kept, and funeral costs paid for the deceased funeral. That plan is now paid up, although it will probably not cover ALL the costs it will go a long way. We have now started another policy for me, so that the first one now covers the o.h. only. Again, it will not pay for the whole event, but has stabilised the basic costs, which have gone up over the five years since we took out the first one, as has the premium.

Too expensive for us. We have both arranged to leave our bodies for research. However, the vast majority are not accepted as the criteria is quite strict, so our back up plan will be straight committals with no funeral. Much cheaper and no fuss.