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The Cost Of Dying Reaches £9,500!

The cost of dying reaches £9,500!

According to research by SunLife, the overall cost of dying, including flowers and professional fees, is now £9,493.  

The typical cost of a funeral has risen 3.4% in the last year to £4,417, with large regional increases in burial fees driving a 9% increase in the average cost of a basic funeral. Some of the biggest increases were seen in Wales (up 9.4%), the Midlands (9.6%), and the South East and East of England (9.2%). Basic funeral costs according to Sunlife, included the funeral directors’ fees (£2,687), doctors’ fees (£164), clergy and officiate fees (£169) and the burial or cremation fees. They also report that the average cost of a basic burial had risen 65% in the last 10 years.

We told you back in March 2019 that The Competition and Markets Authority (CMA) is conducting a full inquiry into the sector, concerned that funeral directors found it easy to charge grieving families higher prices, and that those families found it hard to shop around.

Pre-Paid Funeral Plans

At Redwood, we understand the stress that can come from the unexpected costs associated with losing a loved one and that’s why we have partnered with Safe Hands, a pre-paid funeral plan provider, to help our Clients plan for the future. Safe Hands is an approved member of the Funeral Planning Authority – an organisation set up by the industry to regulate UK funeral plan companies and ensure that they are operating in a manner that will result in customers getting the funeral they have paid for when it is needed.

There are many good reasons to take out a Safe Hands pre-paid funeral plan:

Peace of Mind

Choosing a Safe Hands Funeral Plan is an affordable and effective means by which to protect your loved ones from rising funeral costs and spare them the distress of having to make difficult decisions as to what your particular preferences for your funeral might be. And with the ability to spread the cost of the plan over 3, 5 or 10 years, in fixed monthly payments, you can be sure you can find a payment plan that works for you and your budget.

Choice

We offer a range of plans to suit all tastes and budgets. They can also be tailored to meet specific, or unique, needs – from the obvious things, such as whether you want cremation or burial, to finer points, such as your choice of music, readings, flowers, preferred dress code, etc.

Flexibility

Our plans are also transferable from one person to another (meaning a plan taken out in the name of one person can, upon written instruction from that person, be utilised for the funeral of somebody else). We also offer an ‘Either/or’ option that allows one plan to be ‘shared’ between 2 people (meaning a plan that is utilised upon death of either one person or the other)

Security

Safe Hands Funeral Plans is a registered member of (and is regulated by) the Funeral Planning Authority. The money you pay towards your Safe Hands Funeral Plan is held in a secure trust fund (with Pitmans Trustees Limited). Set up in conjunction with specialist trust solicitors, Wrigleys LLP, the trust fund is managed by multinational investment management firm, UBS

Quality Service

As you would expect, we take customer service very seriously indeed and ensure we only partner with providers who do likewise. Safe Hands have been very carefully selected by us and we are confident that they invest heavily in the training and development of, both, their employed staff and independent Funeral Plan Consultants, ensuring that everyone representing Safe Hands Funeral Plans conducts themselves in a manner that is befitting of the sensitive environment in which we operate.

More information

For more information please call The Redwood Team on 01489 877 547.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation. Come along to one of our FREE Public Seminars on Wills, Trusts & Estate Planning. Book online at Book Me A Place!: call us on 01489877 547 or Email info@redwoodfinancial.co.uk.