What is a Prepaid Funeral Plan?
An Empathy UK Prepaid Funeral Plan is a sensible and simple approach to taking care of and paying for your own funeral arrangements in advance, saving money in the process. It allows you to take control of the future with certainty and brings peace of mind that things will be taken care of in line with your wishes and that your family and loved ones won’t be left having to find £1,000s to cover funeral costs when the time comes.
A recent report* revealed that only 1% of those surveyed knew what the deceased’s funeral wishes were, and almost 1 in 5 (18%) said they didn’t know any of their loved ones wishes when organising a funeral. Being prepared now will help remove the financial stress and strain of difficult decisions from your family at an already difficult time.
Why purchase a Prepaid Funeral Plan?
As well as guaranteeing your own funeral arrangements are taken care of in advance, and in line with your own wishes, buying a Funeral Plan now also means avoiding rapidly rising funeral costs, which could save you £1,000s.
The current average cost of a basic funeral across the UK is £4,417. Five years ago that number was £3,590 and the figure is projected to rise at the same rate over the next five years, reaching £5,285 by 2024*. These figures represent a 62% increase over the last decade, a rate that Savings Plans or Insurance Policies can’t keep up with. To put that into perspective, over the same period, the average annual electiricty bill has risen 50.4%, housing costs by 42.21%, Petrol by 29.4% and the average weekly wage by 22.6%.
Here’s how you could be affected by 2024:
Purchasing an Empathy UK Prepaid Funeral Plan now means you are securing the cost of your funeral at today’s prices, protecting your family from added financial burden. We guarantee your funeral will be provided for in line with your wishes
* Average cost of a basic funeral across the UK according to the SunLife cost of dying report 2020. You can read the full report yourself on the SunLife website here: https://www.sunlife.co.uk/siteassets/documents/cost-of-dying/cost-of-dying-report-2020.pdf