Independent advice on private healthcare
How do they work?
- Advantages and drawbacks
- How much do they cost?
- What do they normally cover?
- Frequently asked questions
- How much does a funeral cost?
- What is the Funeral Planning Authority?
- Can I get any government assistance with funeral costs?
- Why you may need a funeral plan
- Protecting your money
- Questions to ask the plan provider
- Top tips
- Types of plan
- What is a funeral plan?
- What is not covered?
- Which plan is right for me?
- Who are funeral plans for?
- Who can buy a plan?
- Who can sell funeral plans?
You pay either a lump sum or installments to the plan provider, or to a funeral director. Your money is either invested into a trust fund with trustees, or in an insurance policy, which is then used to pay for the funeral whenever that turns out to be. The aim of both methods is to safeguard your money until it is needed, ensuring that it is used to provide the funeral you have paid for.