Not surprisingly, people tend to put off funeral planning for as long as they possibly can. But the fact of the matter is that the sooner you do start planning, the more you could save in the long run. That’s because funeral costs are rising fast, by 2021 they are projected to be £5,217*.
Why you should pay your funeral costs in advance?
The thought of our own funeral can sit a little uneasy with some people, but those who take a moment to consider the financial implications on loved ones in later years are reaping the financial rewards. Why? Because funeral costs are rising.
Funeral costs are on the increase
In five years, the average cost of a funeral has increased by an incredible 33%, from £2,971 in 2011 to £3,937 in 2016*. If funeral costs continue to rise at the current rate of 5.79%, by 2021 they’ll reach more than £5,217*.
How to stop your funeral costs from rising
More and more people are choosing to take care of funeral costs years ahead, to stop their loved ones being hit by a large and unexpected funeral bill.
When you buy a Prepaid Funeral Plan from The Nottingham, provided by our partner Dignity, you're effectively freezing the cost of your funeral at today's prices. So, no matter how far into the future your funeral takes place, or however much funeral costs may rise, once paid your Plan guarantees to fully cover the services included.
Why choose a Prepaid Funeral Plan from Dignity?
The Nottingham has partnered with Dignity, the UK's leading provider of funeral plans, because of their professional and trusted reputation in funeral services.
In 1985, Dignity launched the first funeral plan in the UK. Since then, more than 740,000 people have already made provision for their funerals with the help of Dignity†. This experience really has given them a unique understanding of customers’ needs and has enabled them to create one of the most financially secure funeral plans available in the UK today.
- Dignity has a network of over 1,200 owned or approved funeral directors throughout the UK, many of whom have been serving their local communities for generations
- Dignity delivers excellent customer service. In their latest customer survey, more than 98%† of the families they served said that Dignity met or exceeded their expectations
- With Dignity your money is in safe hands. The money you pay for your plan is paid into the National Funeral Trust – an independent Trust Fund. Dignity is the only major funeral plan provider to consistently publish an Annual Report showing the Trust’s performance, which is available on request
A PREPAID FUNERAL PLAN BRINGS:
Peace of mind
that once paid for there will be nothing further to pay for the services included in the plan
that these funeral costs are fixed at today's prices
that your personal wishes have been made known
that your arrangements will be in the hands of an experienced and trusted Funeral Director
*2011-2016: Matter Communications Independent Research. 2021: Forecast based on average annual compounded growth rate of 5.79% each year between 2011 and 2016.
† Dignity plc Annual Reports & Accounts 2016.