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Help with funeral costs

Over 50 life insurance can be used to help with funeral costs, protecting your family from financial worry at a difficult time.

Guaranteed to pay out a fixed cash sum when you die, over 50s life cover gives you the opportunity to relieve some of the financial and emotional burden from your family, from just £3.90 a month.


And if you are looking to help with funeral costs, an Over 50s plan also gives you the option to enhance your cash sum by a further £300, or an additional 10% by choosing the ‘funeral benefit’ option.


Just remember, before choosing the level of cover you require that the cash sum is fixed and therefore the value will be reduced by inflation over time..


Rising funeral costs

The average cost of a funeral has more than doubled since 2004 from £1,920 to £3,897 today according to research by Sun Life; which is probably why so many people are turning to Over 50's life cover as a way to help.

 

What’s more, with funeral costs continuing to rise way above the rate of inflation, this figure could reach over £6,500 by 2017 so now might be a good time to consider Over 50 Life Cover or a Prepaid Funeral Plan.

 

 

 

 

 

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