Who will pick up the bill for your funeral?
63%* of us have thought about how our funerals are going to be paid for – have you?
When people do decide to plan ahead, they'll usually pick either a Funeral Plan, a Guaranteed over 50s plan or choose to leave money in their estate to cover the costs. Below we take a look at the pros and cons of each.
Death is difficult to talk about, but then debt is an awkward subject too, so thinking about how your funeral will be paid for is sensible if you don’t want your friends or family to be burdened with either the cost of the funeral or the responsibility of deciding what kind of ceremony you would have wanted when the time does eventually come.
Ways to pay
Pre-paid funeral plan
Paying with the estate
Over 50s life insurance policy
No matter how you choose to pay for your funeral, talk to your family about the type of funeral you would want.
Arranging a funeral is a big responsibility and, in our experience, when arranging a funeral our clients just want to do the right thing for their loved one. When they know what their loved one wanted it can make arranging a funeral so much easier for them at what can be the most difficult time in their lives.
A simple conversation about whether you want a burial or cremation, what music you’d like played and what transport you might like – be it as simple and low-cost as possible or something more unique or elaborate – let them know and give them the reassurance and knowledge so they can do right by you.
Plan ahead with a Co-op Funeral Plan
Co-op funeral plans are fully guaranteed covering all third party costs. And unlike others, our funeral plans come with a unique Co-op Commitment meaning we’ll still cover the cost of your chosen funeral, even if you die before you’ve paid all your instalments.Find out more
Probate support from Co-op Legal Services
If Co-op Legal Services is instructed to deal with Probate on an estate, we can pay all the costs of a Co-op Funeralcare funeral upfront and claim these costs back when the estate assets are sold during Probate*. This is Providing the Estate owns sufficient assets which can be sold in due course to repay our costs.Find out more
Do you have an Over 50s policy?
If you already have an Over 50s Life Insurance policy Co-op will help your family towards the cost of your funeral. By choosing to arrange a funeral with us, we'll give the person arranging the funeral a discount, a saving of £400 if they’re a Co-op Member.Find out more