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 2023 they are projected to be £6,100*.
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 2007, the average funeral cost was £2,288. By 2015 this cost had risen to £3,737. An increase of 63% and over £1,400. If costs continue to increase at this current rate, they're expected to reach more than £6,100 by 2023*.
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, 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 675,000 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 1,180 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 99%† 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 your funeral costs included in the Plan have been paid for
that your 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
*2007: Mintel: Funerals – UK – January 2007. 2011-2015: Matter Research. 2023 forecast based on annual compounded growth rate of 6.33% each year between 2007 and 2015.
† Dignity plc Annual Reports & Accounts 2014.