You are here: Home - Household Bills - News -

Surge in people buying online funeral plans

0
Written by:
21/03/2016
The number of people buying pre-paid funeral plans online has soared, according to one provider.

Co-op Funeralcare said sales of online plans have increased by 60% in the last 12 months and people making their final wishes online are doing so earlier on.

The average age of putting plans in place online is now five years younger than those who make plans in one of their funeral homes, the Co-op said.

Pre-paid funeral plans help to put in place and pay for the essential elements of a funeral, including the costs of the cremation or burial, funeral director, doctor’s fees, minister’s fees, coffin, transportation and a range of other fees and charges. Costs vary from plan to plan.

David Collingwood, operations director for Co-op Funeralcare said: “Advances in technology coupled with life getting busier means that people can forget to make a funeral plan, potentially leaving loved ones with a legacy of financial worries. Whilst it’s common for people to feel uneasy thinking about their own mortality, taking the time to plan can help to safeguard loved ones financially, against the rising cost of funerals, as well as providing them with peace of mind.”

Are they worth it?

1) Shop around – plans vary considerably, and you don’t want to find that you aren’t covered for basic items.

2) Funeral costs have been increasing, so it can help protect you to some extent.

3) It allows individuals to cover the cost themselves, rather than leaving it to their loved ones.

4) It also allows individuals greater control over the type of burial they receive.

5) Remember, there are other options: you could just save up, you could be buried in your garden (subject to local authority permission), while costs may be covered by life insurance.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week