Over50Choices Funeral Plan Review
"I don't like to think about dying and leaving my family, but if I plan my funeral now, I won't have to worry about it. With Over50Choices, I don't want to be afraid to talk about it. I also am worried about waiting too long and not being able to pay for my funeral and take some stress away from my family. Pre-planning a funeral does not sound like fun, but I want to help my family later;" this is where Over50Choices comes in...
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"After my father passed without any arrangements, I had to sort everything out, it was difficult. I quickly decided that I didn’t want to leave my kids with that kind of burden. Now, I pay a small monthly amount and it’s such a relief..." - Steve Bailey, Hertfordshire
Questions about Over50sChoices.co.uk
What does the Over50sChoices website actually do?
Funeral planning saves my family money since I pay the cost of my funeral at today’s rates. The premium for this plan is deposited into a trust fund with trustees to safeguard my money. The Funeral Planning Authority (FPA) regulates funeral plans. The Over 50's choices website does not provide funeral plans directly. They do however provide a lot of comprehensive information for the over 50's market to digest so they can make their own informed decision.
Over50choices specialises in personal finance, and they offer a wide choice of companies and plans. I can compare multiple companies to find the best one for me. They compare funeral plans for me and provide me free advice. I appreciate the independent guidance. They will also work through the details with me and answer all my questions. The reviews they have received rates them 4.9 out of 5 based on more than 100 customer reviews.
Many of the companies they work with are members of Funeral Planning Authority (FPA), whose job it is to oversee funeral plan companies while protecting consumers.
How much are pre paid funerals?
There are typically three levels of service to choose from including Standard, Midrange, and Superior. The different plans will vary in prices and offer different quality coffins, transportation for family, and bereavement support. Some basic plans do not include an allowance for third party fees.
The key thing to look out for is the word guaranteed. So when it comes to the cremation or burial (the largest cost by far) those costs are either guaranteed in that they are completely paid for; OR there is a contribution towards those costs; or there is no contribution at all in some cases.
I can pay for a funeral plan in one lump sum, and the plans range from around £2,000 - more than £4,500. I can also pay within 12 months or pay monthly instalments, from 2 to 30 years depending on how low I would like my payment.
What are the benefits of funeral plans?
I can save on the funeral director's cost because I pay today’s rate – freezing any rate increase. There are no health or medical questions, so these plans are different than life insurance plans. Everything will be the way I want it. The biggest benefit is having everything taken care so my family don't have to plan anything themselves.
It is hard to find a lot of information and reviews on funeral planning, so finding a company that specialises in funeral planning with multiple companies is ideal for me. I feel confident I can stick with my budget and find the right plan from the right company.
It seems to be best to pay the premium up front or in a shorter amount of time to avoid stretching out payments in case I live longer. I will be thankful that my family doesn't have to deal with the burden of planning or paying for a funeral.
How much are pre paid funerals?
What funeral plans does Over50choices offer?
What services are included in the cost of a funeral plan?
Royal London found that the average cost of a funeral was £3,702 and that figure does not include several funeral costs such as probate fees, flowers, memorials, and notices. There are fees to pay for the service, funeral director, and casket. What are other funeral expenses? The funeral director might have fees to disperse for clergy, doctors, burial, or cremation fees.
In addition to paying for funeral director costs, I can add “my wishes,” so my family knows what I want at my funeral, putting less strain on them.
What services are NOT included in a funeral plan?
The cemetery plot for a burial and headstone are typically not included in funeral plans. I will look into putting money aside or buying these separately. Other discretionary costs I have found that are not covered by funeral plans include flowers, catering service, service cards, organist, or choir.
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For my Brother's funeral, I was never sure he would have been happy with the difficult decisions we made for him. (...) A funeral plan seemed an interesting alternative. I found FuneralGuide.co.uk refreshingly different compared to the pushy “hard sell” websites..
Ben Griffiths, Brighton
The free call that i got from FuneralGuide helped me to decide that I didn't want to leave my kids with that kind of burden.
Steve Bailey, Hertfordshire