Funeral costs, like most things in life, have been rising and are expected to continue to rise in the years ahead. What you may not realise is the rate at which they are increasing.
The rising cost of funerals
Between 2011 and 2017 funeral costs increased by an average of 5.45% each year. That’s more than the interest rates on even the best savings accounts. Using this as an estimate for the future, the average funeral cost could reach nearly £5,925 by 2024.
The Dignity Prepaid Funeral Plan freezes funeral costs at today’s prices
With a Dignity Prepaid Funeral Plan there is no need to worry about rising funeral costs, as it fixes the cost of the funeral services included in the Plan at today’s prices. So you'll know exactly how much you have to pay and you won't need to worry about rising funeral costs again.
Other ways of paying or saving for funeral costs do not offer the same guarantees. See how a prepaid funeral plan from Dignity compares against Over 50's insurance policies and savings accounts.
"I was so thankful that mother had the foresight to arrange her funeral in advance"– E.Arnold