Clear peace of mind for you and your loved ones
Funerals can be unexpected, and costly. At Prestige we want to unburden you from the stress and worry associated with all aspects related to funeral costs and choices, such as burial or cremation. So loved ones and yourself are better financially prepared, and more able to deal with the death and grieving process. This is, of course, not to be confused with budget funerals where you are compromising on what you want.
Believe it or not, funerals are increasing in price. This is down to the professional fees involved in dealing with a funeral; including crematoria, doctors, etc. Prepaying allows to spread the cost over time and ensure you only pay the amount listed at today's prices.
It may be possible to save for a funeral, and use the lump sum, or, if an ISA can be utilised for this purpose it may also be worth it. Saving a set amount every month could then be used by family members to pay for the funeral.
Downside: With a cash ISA, you won't be able to get the money out until your executors have probate.
Life Insurance may be an option?
If you are under 50 years old, life insurance cover may be a better option. Click below to read the benefits available to you:
Although not traditional, home burials can be an option, if your home meets certain criteria, including informing your local police, local authority and environmental health authority.
Downside: Don't forget that it will probably impact property resale value and desirability also.
Discussion with helpful tips on when you should prepare, creating a financial factsheet, having a will drawn up...[Read More...]
List of things to ensure you have covered when preparing for a funeral... [Read More...]
Q&A on pay monthly funerals, the what, why, how and when answered here. [Read More...]
Choosing whether to engage a funeral director or a 'diy funeral' has it's pros and cons...[Read More...]
The first things you can do when a loved one has died. Bereavement help & more... [Read More...]
Some very viable ideas for more economical (or green) funerals... [Read More...]
* Weekly representation of the Standard Plan paid monthly, prices are a representative based on a
** Source: International Longevity Centre "The Funeral Time Bomb" report published 20th April 2015.
*** Source: BBC News article titled "Funeral time bomb" dated 17th April 2015.
**** Source: Mintel 2014.
***** Source RoyalLondon