Funeral plans

A funeral plan is a way of paying for a future funeral today.
Funerals can be expensive, costing perhaps several thousand pounds, and many people worry that when they die, they won't leave enough money for their funeral. With a funeral plan, you arrange and pay for it in advance. You can arrange a funeral plan for your own funeral or for someone elses, as long as the funeral will be held in the UK.

What is a funeral plan?
A funeral plan is a way of paying for a future funeral today.

How does it work?
You pay either a lump sum or instalments to the plan provider, or to a funeral director. Your money is either invested into a trust fund with trustees, or in an insurance policy, which is then used to pay for the funeral whenever that turns out to be. The aim of both methods is to safeguard your money until it's needed, ensuring that it's used to provide the funeral you have paid for. Because of this, plan providers who use these methods do not need to be regulated by us.