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Age UK Funeral Plans are provided by Dignity and brought to you by Age UK Enterprises Limited

One of the best ways to pay for a funeral

When you’re looking to put your affairs in order and make arrangements to cover your funeral costs it’s important that you know the difference between a funeral plan and alternative products.

Other ways of paying for a funeral include over 50s life insurance policies or putting money aside into a savings account. Unfortunately neither guarantees to cover your funeral expenses in the future, meaning that you could be leaving behind an unexpected bill for your friends and family.

Taking a risk with over 50s life insurance

 An over 50s life insurance policy usually requires a series of monthly instalments, paid either for the rest of your life or until you reach the age of 90. In return, your family will receive a fixed sum payable on your death.

There are some benefits to over 50s life insurance. The policy promises to pay an exact sum when the time comes - this means that there will be no surprises. Your funds won't be affected by a sudden drop in interest rates and you will always know the exact amount your family will receive. However, the negatives vastly outweigh this.

The amount you receive is normally set when you take out the policy. Therefore, as prices increase over time, the value could reduce. Some policies do contribute annual top-ups to your cover to increase the value of your funds year-on-year, however this may still fall short of covering funeral costs when the time comes.

Also, it is good to remember that, if you cancel the policy or miss a payment you could also lose everything that you’ve already paid in. Remember, you’re likely to be making these payments for another 10-20 years or more, so can you afford to tie yourself into the contract? If you’re lucky enough to enjoy a long life, making monthly payments along the way, you’re likely to pay in more than you get back.


You might not be able to rely on your savings

 Many people think that their funeral costs will be covered by their savings, built up over the years with regular contributions and a small amount of interest.  

Putting money aside into a savings account often feels like the safest way to plan ahead. Firstly, you're unlikely to be punished for missing payments when something unexpected happens. In most cases, you can also access your funds whenever you need to, giving you more personal control.

However a savings account might not be as reliable as you think when it comes to paying for a funeral. The cost of a funeral has continued to increase, but interest rates remain low. This means that by the time you die your savings may not cover the cost of a funeral.

With an Age UK Funeral Plan you can make the most of those savings now. If you’ve been a diligent saver all your life, why not take care of the important costs with a funeral plan?

Age UK Funeral Plan Savings & investments Over 50s life insurance
Freezes funeral costs at today's prices

Yes

No

No

Guarantees to beat the rising cost of funerals

Yes

No

No

Guarantees to cover Funeral Director’s services included in the plan

Yes

No

No

Guarantees to cover cremation and Minister’s fees^ included in the plan for a cremation funeral

Yes

No

No

Provides help and support with funeral arrangements

Yes

No

No

Offers the support of a nationwide network of trusted funeral directors

Yes

No

No

Remains unaffected by drops in interest rates and rising inflation

Yes

No

No

Can only be used for funeral costs

Yes

No

No

Guarantees acceptance for people aged 50 or over, with no upper age limits

Yes

Yes

No

No need for any medical or health questions

Yes

Yes

Yes

You can find out more about the Age UK Funeral Plans here 

All Feefo reviews are gathered anonymously from genuine customers. You can read all of the Feefo reviews here.

† Save £136 with Rowan Plan, £125 with Holly Plan, £100 with Ivy and Basic Plans. Savings are based on the difference between the current plan prices: Basic £2,895, Ivy £3,295, Holly £3,650 and Rowan £3,899 and the new prices Basic £2,995, Ivy £3,395, Holly £3,775 and Rowan £4,035 on 1 December 2017.

^ A Minister of Religion or Officiants fee is covered equal to the amount paid for a standard funeral service at the crematorium or cemetery as listed in the Church of England Table of Parochial Fees.

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