Funeral plans, general enquiry

expertlinguist

Hi,

has anyone searched into funeral plans and if you did who did you choose and why.

Biggles

I seem to recall there have been one or two threads on this subject on the 'Over 50s Money Saving' forum.

SailorSam

I was watching a programme on Tv last week where they went into where your money went when you paid for a funeral, then compared to doing a DIY one, starting with buying a coffin online and arranging either a cremation or burial, and the Diy alternative was something like a third of the cost.

Biggles

Just to be clear, Sam, I was just trying to help the OP with their question; I agree with you and would never recommend paying into a 'funeral plan', but I guess they might suit some people's circumstances.

Mojisola

expertlinguist wrote: »

has anyone searched into funeral plans and if you did who did you choose and why.

My parents bought pre-paid funeral plans - a lump sum that was paid off over two years, not an '£x every month until you die' rip-off.

They chose to do this because they were receiving means tested benefits. At the time, they were only allowed £6k in savings and paying for the first funeral would have greatly reduced the savings left for the survivor.

If this hadn't been the case, I don't think they would have bothered.

As it was, they lived a good few years after paying for the funeral and there was a reasonable saving on the difference between what they paid and what we would have had to pay at the time of their deaths.