Funeral plans for the over 50s
If you’re over 50, it’s likely that you’re thinking about planning for your future, including arranging your pension and thinking about how to provide for your family.
But have you thought about what will happen when you’re gone? Recent studies show that a lot of over 50s haven’t made definite plans for later life.
Research from Unbiased.co.uk showed that over a third of people over 55 years old don’t have a will, and a study from 2017 found that only 13 per cent of over 55s have a funeral plan.*
How over 50s funeral plans can help you
Funeral plans for the over 50s are a popular way to plan ahead and make sure your funeral is taken care of when the time comes.
You can pay for your funeral costs at today’s prices and make important decisions in advance, making everything a little easier for your loved ones.
Unlike over 50s cover, funeral plans are not an insurance product. With over 50s insurance, you might end up paying in more than your family get out, and if you cancel payments you can lose everything you’ve paid in. But with a funeral plan, you’re simply paying for the essential costs in advance at today’s prices.
Find out more about the differences between over 50s insurance and funeral plans.