Latest figures from Age UK Funeral Plans show a staggering 61% sales increase in 2009 with over 180,000 plans sold to date as more people are recognising the need for this product which guarantees their funeral will be paid for.
In recent years, funeral costs have risen faster than inflation due to various factors including increased cremation fees, which many local councils no longer subsidise. Age UK Funeral Plans have addressed this price inflation by enabling people to fix the cost of this purchase, regardless of any future rise in costs.
Sharon Dobson for Age UK says, "Recently more and more people have worried about their finances with particular concern over how they will afford large purchases. Our plan ensures loved ones do not incur the costs involved with the planning of a funeral for a loved one when the time comes. They guarantee to cover the funeral costs included in the plan, no matter how far in the future the plan may be needed."
Life insurance: News update: 20 June 2010