The Rise and Rise of Funeral Costs

Updated: Nov 19


We regularly speak to people who are concerned about how they or their family are going to afford to pay the necessary funeral costs when the eventual time comes. The cost of a funeral has rocketed in the past few years, and many clients may have earmarked money in a building society or bank account for this eventuality they are finding it is woefully inadequate. With the average Building Society currently paying in the region of1.5% per annum, our savings are not growing anywhere near the level we need to keep pace with the rise in funeral costs.

If you live over another 14 years or more your family will end up paying well over £10,000 when the time comes*, with even further increases as time goes by. For many this rate is simply unmanageable; to fight against the rise, many people are choosing a funeral plan, an ideal and cost-effective alternative to pay for your funeral at today’s prices.

A funeral plan is a means by which to protect family against rising funeral costs, and to eliminate any uncertainty regarding what your preferred funeral arrangements should include.


The passing of a loved-one is obviously a very daunting and emotional time for family and friends. For those responsible for arranging and paying for the funeral, money paid into your funeral plan is invested securely in a ring-fenced trust fund and is overseen and managed by an independent panel of qualified Trustees.

Payment of these plans can be spread over a period that suits you with 0% interest free options up to 12 months. You can also decide on the amount of deposit you want to put down and tailor it to fit your budget.


A fully funded plan with a local independent Funeral Director of your choice is available at £3,830.00 including 3rd Party Charges.


We are also able to offer an ‘eco-friendly’ funeral plan which caters for those who may wish to be buried with an environmentally friendly wicker coffin or similar at £4,325.00 including 3rd Party Charges. We have thoroughly researched the funeral plan marketplace and our findings prove that in addition to being involved with one of the industry’s most trusted and recognised funeral plan providers, we are also the most competitively priced.


Need to pay monthly? With just a £250 deposit (or larger if you wish) you can organise for 12 months handling-charge free or up to 10 years where the handling-charge is just 6.25% APR. According to our latest research the average cost of dying is now £9,204 – a 3.35% rise in a year and a rise of more than +50% since we first started tracking the cost of dying ten years ago.


The 2018 Sun Life Cost of Dying Report, shows that the average cost of a basic funeral now stands at £4,271.00. UP nearly 9.5% since the 2016 Sun Life Cost of Dying report, and an increase of over 237% since the 1997 report. Estimates suggest that by 2024 a funeral will cost, on average, between £7,000 and £10,000.



7 views0 comments