Funeral planning may not be on the high priority on the agenda for many individuals due to the other pressing commitments to meet their regular lifestyle. However, the lack of consideration for funeral planning can prove to be costly in the long run. This is primarily due to the reason that the costs of funeral have risen consistently over the last decade and the trend is likely to continue. According to SunLife Cost of Dying Report 2018, the average cost of funeral was £ 1,920 in 2004 which increased to £ 4,271 in 2018. This is expected to rise to £ 5,120 by 2023. This presents an alarming trend primarily due to the reason that the cost of the funeral is not borne by the individual but the surviving members of the family. Considering this, you can look to protect against the rising costs of the funeral by “locking” the expenses at today’s rate. This can be done by purchasing prepaid funeral plans which offer the flexibility of meeting the funeral requirements through customised plans which meets your requirements.
A prepaid funeral plan provides you with the assurance that all the funeral activities will be carried out as agreed upon based on the purchase of the prepaid plan. Another key benefit in purchasing these prepaid funeral plans is that many service providers offer the flexibility of payment in monthly instalments so that the burden of purchasing the entire funeral plan does not fall upon the individual at once and the individual is able to meet their regular financial commitments. For purchasing the prepaid funeral plan, you can consider the services of Empathy UK Prepaid Funeral Plan, which is one of the leading funeral planning company in UK. To know more, you can write to us and we will be glad to address your queries.