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Pre-Paid Funeral Plan

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a brief insight into the pre-paid funeral plans available

Published in: Economy & Finance
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Pre-Paid Funeral Plan

  1. 1. provided by Golden Leaves Funeral Planning …. made simple
  2. 2. A thoughtful decision for yourfamily provided by Golden Leaves Pre-paid funeral plans are becoming an integral part of later life financial solutions for people in the 50 + age group. You can specify your wishes in advance. It will help remove some of the stress and worry from your family at what will inevitably be a distressing time. You can pay for your funeral at today’s prices – no more to pay for your funeral director’s services and an allowance built in to help towards the third party costs. You are guaranteed acceptance, there are no medical requirements. Flexible, affordable payment options. Funeral planning... made simple.
  3. 3. The average funeral in 1991 cost £820* The average cost of a funeral in 2000 was £1215** This had risen to £4078 in 2017*** The cost is expected to rise to £6220 by 2022 and to over £11000 by 2031* Funeral costs have soared by 103% over the last 12 years* Funeral planning... made simple. Source: *Mintel 2013 **The University of Bath Institute Cost of Dying Survey 2013 *** Sun Life Cost of dying Report 2017provided by Golden Leaves The rising cost offunerals
  4. 4. The rising cost of funerals provided by Golden Leaves Funeral planning... made simple. Funeral Debt is on the increase Foroneinninefamilies,findingthe moneytopayfortheirlovedones’ funeralcaused them financial problems,* 27% had to borrow money from a friend or relative, 23% had to put the costs onto a credit card and 13% had to get a loan. A further 12% worked out an instalment plan with the funeral director while 12% actually had to sell belongings to cover the cost. The rest took money from their own savings.* Averagecostoffuneral £12,000 £11,000 £10,000 £9,000 £8,000 £7,000 £6,000 £5,000 £4,000 £3,000 £2,000 £1,000 £- £11,196 £6.220 £4,078 £1,920 £1,215 £820 1991 2000 2004 * Sun Life Cost of dying Report 2017 2017 2022 2031
  5. 5. Why choose Golden Leaves? provided by Golden Leaves Funeral planning... made simple. Providing funeral plans for over 30 years Market leading and innovative funeral plan Provider Strong Trust Fund performance with guaranteed growth rates for disbursements Registered with the Funeral Planning Authority – Founder Member Registered with the National Association of Funeral Plan Providers – Founder Member Plans are placed with Funeral Directors and contractually guaranteed at point of administration therefore providing a contractual guarantee for the client Have access to over 4,000 funeral directors
  6. 6. A FuneralPlan provided by Golden Leaves Funeral planning... made simple.
  7. 7. What’s in a funeral plan? provided by Golden Leaves Funeral planning... made simple. Funeral Director Services The collection of the deceased Preparation and care of the deceased Attendance of the family to talk through requirements Funeral arrangements implemented Provision of coffin Provision of hearse Provision of cars (if applicable) Bereavement counselling 3rd Party Disbursements * Officiants’ Fees Cremation and burial costs (Does not include the cost of a burial plot or headstone) Current allowance of £940 is included with Zinc, Silver, Gold and Platinum plans. (Copper £840) The allowance will increase in line with RPI each year (3.00% for FMP product) *These costs may still require an additional payment from the Estate/ Executors at the time of the funeral
  8. 8. Plan Summary From 50 CopperPlan From 50 Zinc Plan From 50 SilverPlan From 50 Gold Plan From 50 PlatinumPlan £1,844 £2,859 £3,204 £3,559 £3,809 Direct to Crematorium Funeral Director’s services for basic funeral with no choice of date, time or funeral director + contribution to 3rd PartyCosts Funeral Director’s services + contribution to 3rd Party Costs Funeral Director’s services + contribution to 3rd Party Costs Funeral Director’s services + contribution to 3rd Party Costs Private Ambulance Yes Yes Yes Yes No No No One Two Basic Basic Basic Standard High Quality £840 £940 £940 £940 £940 Price What’s included Hearse Included Limousine included Coffin Type Contribution towards 3rd party Costs Bronze Plan - £2,394 – As Silver plan, but without Contribution to 3rd Party Costs Funeral planning... made simple.
  9. 9. Flexible Payment Options Instalments with a deposit Fixed Monthly Payment Age 50 - 75 £99 Initial Payment required provided by Golden Leaves Funeral planning... made simple. SinglePayment Full cost of funeral plan paid Immediate Cover Up to 12 months with no additional cost 24 to 60 months instalment payments available Minimum deposit of £250 required Not fully covered until final payment made 50 + Whole of life contract payable to age 90 – Free thereafter Fully covered after 12 payments Overpayment Rebate Benefit Accidental death cover included 120% return of premiums if death occurs in first 12 months Not available on the Copper plan
  10. 10. Environmentally Friendly Funerals Full details available Green Plans Available in 3 set Plans Glade Meadow Woodland provided by Golden Leaves Funeral planning... made simple.
  11. 11. What you will receive from Golden Leaves provided by Golden Leaves Funeral planning... made simple.
  12. 12. Any questions? provided by Golden Leaves Funeral planning... made simple. info@WrayAssociatesLtd.co.uk 01257 754550

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