We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

children accessing money for our funerals

2»

Comments

  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    McKneff wrote: »
    We have just taken out 2 funeral plans with the Coop , basic funerals at a cost od £5,600. Not a fortne but affordable.
    We paid in full out of our savings but you can pay interest free over 12 months
    Or even years with interest.
    And MSE savvy. Become a coop member before we got a discount of £150 each
    That is a huge amount for a funeral. A simple one would cost half that.
  • Robin9
    Robin9 Posts: 12,913 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yorkshireman99 wrote: »
    That is a huge amount for a funeral. A simple one would cost half that.

    Agreed today in 2018 but what will the cost be in 20 years time when a claim is made?


    80+ friends of mine have just paid £4000 each for their plans.
    Never pay on an estimated bill. Always read and understand your bill
  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    Robin9 wrote: »
    Agreed today in 2018 but what will the cost be in 20 years time when a claim is made?


    80+ friends of mine have just paid £4000 each for their plans.
    The wording needs to be scrutinised very closely. If it is any good it should include a clause as to what, if any, inflation is included.
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yorkshireman99 wrote: »
    The wording needs to be scrutinised very closely. If it is any good it should include a clause as to what, if any, inflation is included.

    My parents had funeral plans from AgeUK.

    There were no clauses about inflation because the cost of the plan covered the cost of the funeral in the future - whatever that amounted to.

    Exactly what the plan covered (and didn't cover) was set out quite clearly.

    Other plans I've seen set a maximum limit on each segment of the funeral - worth taking the time to do your homework.
  • buildersdaughter
    buildersdaughter Posts: 482 Forumite
    Fifth Anniversary 100 Posts
    As McKneff wrote 'we', I assumed that was for 2 funerals. Or maybe they didn't want 'basic'!
  • Owain_Moneysaver
    Owain_Moneysaver Posts: 11,393 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    McKneff wrote: »
    And MSE savvy. Become a coop member before we got a discount of £150 each

    And 5% dividend? :money:
    A kind word lasts a minute, a skelped erse is sair for a day.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yorkshireman99 wrote: »
    That is a huge amount for a funeral. A simple one would cost half that.
    That is for 2 funerals. Not one
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    buildersdaughter wrote: »
    As McKneff wrote 'we', I assumed that was for 2 funerals. Or maybe they didn't want 'basic'!
    Yes, 2 funerals
    And no divi/points, the discount each one of £150 instead
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    McKneff wrote: »
    Yes, 2 funerals
    And no divi/points, the discount each one of £150 instead
    Thanks for correcting me. Apologies for getting it wrong.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture