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The Rising Cost of Funerals

In the last ten years, the cost of dying has risen by almost 40% to an all-time high of over £9,000. The bulk of this expense is the funeral itself, followed by the professional fees, namely the funeral director, and send-off fees.

According to the Sun Life Cost of Dying Report 2021, the average cost of a basic funeral has risen 130% in the last 15 years, to £5,033 for a burial, £3,885 for cremation and £1,554 for direct cremation.

Furthermore, the price varies dramatically across the country – sometimes by thousands of pounds. London, the South East and East of England are at the most expensive end of the scale, while Northern Ireland and Wales are at the opposite end.

The report states that although 66% of people have made provisions to pay for their funeral with a funeral plan, insurance, or savings, only 66% of these have put aside enough to cover the entire cost.

This leaves their family to foot the bill by borrowing, using credit cards, or dipping into their own savings to pay for the perfect farewell. Crowdfunding is also becoming a popular way to pay for a loved one’s funeral, particularly if the death is in someone of a young age or happens suddenly.

Overspending on a loved one’s funeral is easily done and leaving your family with the financial burden of your funeral can plunge them into funeral poverty, a state of monetary difficulty caused by paying for a loved one’s funeral.

To prevent your family from getting into debt, investing in a pre-paid funeral plan is key. A funeral plan is a simple and practical way of arranging a funeral and there are several plants to suit all budgets.

A funeral plan allows you to organize and pay for your funeral in advance, removing the emotional and financial burden for your family. It gives you peace of mind that your final wishes will be carried out, thus ensuring you get the farewell you want.

There is a lot to consider when planning a funeral – the type of service, the coffin, flowers, transport, the headstone – it is undoubtedly overwhelming. A funeral plan allows you to indicate what you would like to happen on the day, removes the emotional burden on your family, and can help you stick to a budget to keep the costs down.

A funeral plan also allows you to lock in services at today’s prices – including those of the funeral director, accounting for around 30% of the total expense. This protects against future price rises and could represent a significant long-term saving – ensuring you get the funeral you want at a price you can afford. A funeral plan from the Funeral Directors Alliance means that your funeral will be carried out with dignity and care by a local, trusted Funeral Director.

And don’t forget to discuss your final wishes and funeral plan with your loved ones, so they know what you want to happen on the day. Investing in a funeral plan can remove the financial worry and emotional strain on your family at an already distressing time – it could be the last gift you give them.

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