Post Office’s pre-paid funeral plans allow customers to fix the amount they have to pay at today’s costs.
With the average cost of a funeral increasing over recent years, the ability to fix will ensure customers are protected from any further increases to these costs in the future.
Customers can choose between three plans based on the funeral they wish to have. Starting from £3,275, the plan can be paid as one lump sum or over 12 or 24 months which would cost from £145 a month.
Pre-paid funeral plans help to put in place and pay for the essential elements of a funeral, including the costs of the cremation or burial, funeral director, doctor’s fees, minister’s fees, coffin, transportation and a range of other fees and charges.
Paul Havenhand, head of insurance at Post Office said: “Most of us, understandably, would rather avoid thinking about our funerals. Even more than that, though, we want to limit the amount of anxiety facing our families at a time which is likely to be distressing enough as it is.
“With funeral costs rising at an alarming rate we want to give families peaHce of mind at such a difficult time. Our pre-paid funeral plans guarantee that customers will pay today’s price for the funeral they have chosen, even if the average cost continues to increase.”
This launch follows recent news that pre-paid funeral plan sales have hit a new half-year record.
