How a funeral plan works

There’s a common saying that ‘Nothing in life is certain, except death and taxes.’

As we enter our retirement years, paying taxes may become less of a burden. However, the certainty that one day we’ll all need a funeral is still very apparent, even though it’s something none of us really likes to think about.

Planning your own funeral can appear complicated and it may seem difficult to know where to begin. However, making preparations now means that you can make your personal wishes known, as well as taking care of all the financial arrangements, simplifying things for your loved ones when the time comes.

Take a quiet moment to consider your funeral. There’s a lot to think about to ensure you get the send off you really want. Also consider what the costs are likely to be. On the whole, funeral costs are rising quicker than the rate of inflation*.

By taking out a funeral plan, you can relax, knowing you’ve put your arrangements in place.

A funeral plan is, in essence, a promise to deliver a funeral at a date in the future. By purchasing a funeral plan, you fix the cost of the services in your chosen plan at today’s prices.

Between 2011 and 2019, average funeral costs increased from £2,971 to £4,202*. That’s a 41% rise. It’s a trend that’s been going on for a while and if this continues, by 2028** it’s estimated that the average UK funeral could have risen to £6,206.

Some people consider alternative options to pay for their funeral, such as over 50s life insurance, ISAs or other savings accounts. However, these can prove to be unreliable in covering funeral costs. These days, even ‘higher rate’ interest savings accounts often don’t match up to the average rate of inflation, never mind the rate at which funeral costs have been rising.

For total peace of mind, and reassurance for yourself and your loved ones, a funeral plan is one of the most practical choices.

You can also note special requests and wishes for your funeralⱡ, to include a favourite song or reading, specify the flowers you’d like, or give guidance on your chosen location, easing the burden on your loved ones who no longer need to guess at what you would have wanted.

Dignity, one of the UK’s leading providers of funeral plans, offers a choice of four funeral plans, all of which guarantee to cover the funeral director’s fees for arranging and conducting a cremation or burial funeral, no matter how far in the future it may be needed and however much funeral costs may rise in that time.

With a range of flexible payment options, you can choose to pay for your plan in one lump sum, or by monthly instalments between 12 months and 25 years^.

If you choose to pay for your Dignity funeral plan over more than 12 months, and pass away before you’ve finished paying for it, Dignity will cover your outstanding balance. Dignity will not ask your loved ones to pay a penny more than you’ve already paid for all the services included in your plan†. This is a feature called ‘The Dignity Promise’.

And for Silversurfers members, there’s £150 cash back on all Dignity funeral plans. To find out more and request your FREE guide today, call 0800 008 6385 and quote SSU6ND 

*2011 – 2019 Matter Communications independent research
**2019 – 2028: Forecast based on average annual compounded growth rate of 4.43% each year between 2011 and 2019
ⱡSome requests may incur an additional charge and may not be covered by Dignity’s price guarantee. Any costs incurred from these requests will have to be paid for at the time of the funeral or alternatively a contribution can be made towards these costs which will increase each year in line with the Retail Price Index (RPI). Excludes Limited Plan
^Instalment periods over 12 months will incur an additional fee. Instalment periods of up to 25 years are available provided that all payments over any instalment term longer than 12 months are completed by the 85th birthday of the eldest person named on the plan
†For more information on the Dignity Promise, visit

The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.

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