Why do I need a Funeral Plan?

Covering the cost of a funeral can often be a huge financial problem for your loved ones, and can sometimes come quite unexpected. Not many of us have thousands of pounds to hand to cover the costs involved with a funeral and it can often lead to those left behind having to shoulder a large cost that they cannot afford. By making both practical and financial provision for your funeral before the time comes, you can take comfort knowing everything will be taken care of.

Not sure if you can afford to pay for a funeral plan? Capital Life have a range of plans to cater for all budgets, as well as flexible payment options, making it easier for you to manage the cost. You can choose to pay for your funeral all in one lump sum, or spread the payments over a period of time. Our plans start from as little as £12.52 a month.Click here to look at our plans and different payment options.

Protection from rising costs

Unfortunately, funeral costs in the UK are rising every year. The average funeral back in 2004 cost £1,920, but today it has risen to £3,897 (Sunlife’s cost of dying report 2016). That’s an increase of over 100%, which is well above inflation. Should this rate of increase continue then in just 10 years you could be paying more than £7000 for a funeral. Just putting money aside may not cover even the basic costs, and that is where a funeral plan comes in.

879%Increase over 32 years
£1230
1997
£1965
2005
£3456
2013
£5938
2021
£10203
2029
Sun Life cost of dying report 2013

By choosing a funeral plan now we are securing the cost of the Funeral Directors services at todays prices. It doesn’t matter when you pass away the cost remains the same and will cover everything as laid out in your plan. Choosing a plan is simple and Capital Life have a range of plans to suit everyone and a range of payment options too. Click here to see the range of plans Capital Life has to offer.

The money you put into your plan goes into a trust, so you know your money is safe and will be there for your loved ones when it is needed, giving you peace of mind knowing your family won’t be facing a bill for these costs.

We have 5 comprehensive Funeral Plans to choose from...

The Simple Plan

The Ceremonial Plan

The Traditional Plan

The Royal Plan

The Imperial Plan