Funeral Bonds vs Savings

Be_Happy

I'd love to get a definitive answer to this as well.

I'd also like to know how the Funeral Plan is treated when it is bought for someone else, which I know is possible. Does it become their capital or your capital.

vanoonoo

I am looking into this at the moment for a relative and would be interested to find out more too your thoughts so far are similar to my own, freshfield, especially if the company goes bust - then what?!

vanoonoo

dzug1 wrote: »

The plan is normally with an insurance company, not directly with a funeral director, so there's no great worries there.

what if that insurance company goes bust though? where does the liability lay?

EdInvestor

Insurance policies are protected up to 90% of their value by the Govt if an insurer goes bust.

https://www.fscs.org.uk