Funeral Plans Vs Life Cover

Funerals can cost thousands of pounds, which can be difficult to find without prior planning. It’s important to think about how your funeral will be paid for, so that your loved ones won’t struggle to pay for it at a later date.


Many well-known banks will release funds from a person’s account to pay for a funeral bill if you can provide evidence in the form of a death certificate. But it’s important to make sure that there’s enough money in the account to cover the costs, so having savings in place to cover a funeral is key. Saving beforehand enables you to save at a rate that you’re comfortable with and it can make it a more affordable option, as you’re not tied to a certain amount each month.

Funeral Plan

A pre-paid funeral plan enables you to arrange and pay for your funeral in advance, at today’s prices rather than having to worry about the cost inflating. With funeral costs rising each year, this can be an easy way of keeping the cost of your funeral as affordable as possible. When the time comes, your loved ones will only need to make a phone call and a funeral director will take care of the rest, following the requests of the deceased that they outlined in their plan. It’s important to choose a regulated provider, as non-registered providers may not offer the same level of security and protection.

Life Cover

Life cover provides a cash lump sum to your loved ones in the event of your death, which can be used to pay for your funeral if you pass away. For many people, it’s an affordable way of ensuring that money is put aside each month in advance of their death so that their partner, family or relatives don’t need to find the money themselves. If you think that your loved ones would prefer the flexibility to make decisions, life insurance cover may be a preferable option.