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How to Protect Your Family Against Rising Funeral Costs

Protect your family against rising funeral costs with prepaid funeral plans

Believe it or not, a study publicised by The Guardian in 2014 found that the rising cost of funerals was driving some families to bury their loved ones in the back garden. While this may indeed sound a but archaic, the truth of the matter is that the cost of even the most basic of ceremonies has risen by nearly 80 per cent since 2014. To avoid such an unfortunate situation, what are some ways that you can mitigate these costs quickly and easily?

The Prepaid Funeral Plan

We should first make it a point to mention a simple fact. Modern prepaid funeral plans are the best ways to protect your family against rising funeral costs. For a fixed premium or a lump-sum payment, you will be guaranteed that you are financially covered. Even extra expenses such as medical examinations, paperwork, transportation and funeral directors can be included within these policies. Perhaps the most important fact is that these costs will never rise. You will always know how your levels of coverage and UK inflationary figures are taken into account.

Compare and Compare Some More

Much like any insurance policy, no two plans are ever alike. Different companies will offer equally disparate policies and levels of coverage. Should you attempt to discover these nuances on your own, you may very well spend hours and even days only to be left confused at the end. This is the reason that we have gathered all of the most relevant information including the prices offered by the major providers. Making the right choice could not be simpler and at the end, you and your loved ones will be protected.

Choosing the Correct Ceremony

As a whole cremation is cheaper than a standard burial. There are times when the money saved will equate to the thousands of pounds. So, this is a worthwhile process to consider. Expenses such as a burial plot and a headstone are eliminated. Although cremation is not for everyone, those who know that they will be on a budget even after purchasing a burial plan could benefit from this option.

No one wants to think about money during a time of mourning. The best way to protect your family against rising funeral costs is to think ahead with the help of the correct prepaid funeral plan. Whether paid as a lump sum or in monthly installments, such options are much better than simply hoping that the money will be there when you need it the most. As the costs of funerals are expected to skyrocket into the foreseeable future, there is no better time than the present to take all of these factors into account.

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