How Much Do Pre-Paid Funeral Plans Cost?

There isn’t a simple answer to how much pre-paid funeral plans cost. There are various pre-paid funeral plan companies throughout the UK, and each offers different packages.

Funeral plans are a great way to prepare for the unthinkable; the steps you put in place today will be kindly felt by your family.

But, you need to make sure you are getting what you wanted and are paying for. As with everything financial, it isn’t quite as straight forward as most funeral plan companies would like you to believe.

Funeral plans cost vary between provider with the most basic package at £1,500 and the most expensive £6,000 without add-ons included.

Looking for other information on funeral plans? This guide has info on 'Monthly Funeral plan costs explained' We have also written extensively about:

• - Are funeral plans regulated?
• - How do pre-paid funeral plans work?
• - How many funeral plans can you have?
• - How many funeral plans can you have?/a>
• - What happens if I die midway through the plan?
• - Funeral plan - vs - life insurance - what is the difference?

We update all our guides regularly. If you are researching funeral plans and we haven't got an exact guide that helps you, keep coming back as we update daily.

Almost all funeral plan companies offer 2-3 packages, some companies like Age UK and Golden Charter offer four plans, and Golden Leaves have six plans to choose from.

There is no hard and fast rule for each company. Each basic package has differences, and this article is not about the differences each package offers, this is purely the commercial element.

When looking at a funeral plan, three key variables are taken into consideration when pricing up;

• What you are looking to cover
• Your age
• How long you want to pay the cover over

Each of the above will affect either positively or negatively the gross cost of the funeral plan and the monthly instalment value.

We have put together detailed information about the prices available for the pre-paid funeral plan companies that detail the information on their website(s), saves you the hassle of searching for all this information.

Pre-Paid Funeral Pricing Breakdown

We haven't included the monthly payments in the above as there are variables to be considered, so the monthly ranges differ per consumer, and there are various add-ons to each plan.

With everything financial, you must conduct your research and if possible, get financial advice before taking out a plan.

When researching the price of the cover, remember these prices will almost certainly not cover everything you want or desire.

There are lots of bolt-on costs for all plans.

For example, if you decide to go with a burial plan, 99% of the plans available don't include the burial spot (I know, weird). Burial spot costs can vary between £500 - £8,000 depending on where you live in the country.

But they are not included, so you need to get this as an added bolt-on cost.

Also, most basic plans don't include limo/cars for the family which is pretty much essential for all funerals so, again, can be added as an extra bolt-on or you will need to increase your plan to the next package up.

It's always worth remembering; these companies are offering these packages to make money so they are always looking for ways to increase the amount of money they can get from you every month.

Research and discussions are vital. The worst thing is you take a plan out, it doesn't cover everything you had planned, and then your family are left with a bill to cover the outstanding.

Our Conclusion & Summary

Funeral plans are great.  They can take the financial burden away from your family. However, planning and research are vital. You need to make sure you have covered all eventualities and are happy that there might be an additional cost at the end should everything not be covered.

On top of doing your research, it would be a good idea to speak to a financial broker who has direct access to the entire funeral plan market. Brokers can provide you with a quote based on all your requirements.

How Can Money Savings Advice Help You With a Funeral Plan?

Here at Money Savings Advice, we have partnered with some of the UK’s leading Funeral Plan brokers. They have already helped thousands of people get the best Funeral Plan deal and they can do the same for you.

Choosing an independent adviser means they won’t recommend a scheme unless they are sure it is in your best interests. Their advice is also regulated by the FCA, which gives you an additional layer of protection.

If you would like to speak to one of these brokers who can provide you with a ‘whole market quote’ then click on the below and answer the very simple questions.