Funeral Pre-Payment Plans

A Good Idea? 

If you have a life expectancy of more than a few years, if you have the savings, and if you feel you can tackle the job (or get someone else to), it makes sense to plan and pay for your funeral in advance. It will surely bring peace of mind for you to know that your funeral is all planned and paid for; it will certainly be some relief to the family when the time comes to arrange and pay for your funeral.

You can of course put money aside in an investment or savings account, but unless it’s in Amazon shares, it may be unlikely to keep pace with the rise in funeral costs.

The pre-paid funeral plan we recommend for you to plan and pay for your funeral is:

Pre-payment plans can be bought outright, or paid for by instalments over 12 months. You can take your money out whenever you need it, and change the name on the plan so someone else can benefit.

The Good Funeral Guide Funeral Plan is hosted by Open Prepaid Funerals who are a Funeral Planning Authority registered provider – always good to know. In addition, the plan is recommended by the Good Funeral Guide – for 12 years a fearless advocate of consumer information and sensible advice.

A Good Investment?

So far the Open Prepaid Plan has achieved a 3.74% annual increase via their investments*; they charge a very fair £195 one-off administrative fee (versus other fees of up to £350). Unlike other plan providers, they do not pay us any sales commission so we must think they’re good!

Neither Family Tree Funeral Company nor Open Prepaid Plans are restricted to selling pre-packaged plans at nationally fixed prices. We are free to agree plans and prices with you in exactly the same way as we do for any funeral. Your instructions are held on file by us and by the plan provider; you also hold a copy which can be revised and amended by you at any time.

*Is My Money Safe?

Your payment for the funeral is invested into the Open Prepaid Funerals Trust Fund, administered by an independent board of trustees. This Trust is wholly separate from Open Prepaid Funerals Ltd. Your payment guarantees cover for all future increases in the funeral director’s fees. The amount paid towards “disbursements” (third party fees including doctors, clergy, newspapers, crematoria, etc.) will rise in line with the Retail Price Index; if this does not keep pace, the family will need to make a small top up at the time.



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