Thanks to advancements in medical technology, those within the United Kingdom can expect to live longer and healthier lives than ever before. In fact, research has shown that the UK population is expected to top 70 million by 2027. Unfortunately, every silver lining has a cloud. This may be a very real problem for those who are hoping to pay for a funeral. We have already seen such costs soar in recent years and the trend is only expected to continue. Assuming that one will live for decades into the future, how can these rising costs be addressed?
Before looking at a valuable solution, it is wise to appreciate just how much the costs of a funeral have increased. As of 2014, the average cost of a funeral was quoted at a frightening £3,456 pounds. Keep in mind that this was an increase of no less than 80 per cent since 2004. When we combine other mandatory services such as a funeral director, catering and transportation, these expenditures will soar to well over £5,000 pounds. The most effective way to offset this trend is through the use of targeted prepaid funeral plans.
Under 50 Prepaid Funeral Plans – Not just for the Old
One of the myths that has been circulating for some time is that concerns about a funeral can be put off until tomorrow. After all, we are young and healthy. Why dwell upon such a morbid topic? This is actually a very dangerous way to think for a few reasons. Why should those who are younger than 50 years old begin considering such a plan and what benefits can prepaid funeral plans offer down the line? Let’s examine the answers to these questions in much more detail.
The biggest argument for choosing turnkey prepaid funeral plans will obviously centre around the rising costs of these events. We need to keep in mind that the money paid into these plans is guaranteed. It is placed into what is known as a fenced-ring trust fund. In other words, it is a highly stable for of investment. Upon one’s death, these funds are immediately distributed to the next of kin. They can then be used towards the payment of all funeral expenses.
With a standard life insurance policy, the funds will normally take a great deal of time to be distributed to any beneficiaries. This serves little purpose when one is forced to tackle astronomical up-front funeral costs. Prepaid funeral plans for those under 50 years old provide immediate access to the money when it is needed the most. Therefore, much of the stress is taken out of what is certainly a challenging time.
Modern prepaid funeral plans are made to suit the needs of the policyholder. They can provide more or less coverage and the contributions are likewise able to meet even the most stringent of budgets. So, they make a great deal of economical sense and they should be just as important as any standard retirement package and the earlier they are started, then pre paid funeral plans under 50s prove to be affordable.
It is never too early to appreciate the major benefits on offer. In order to enjoy a clear understanding, take a few moments to review the information available about funeral plans for under 50 and then fill out our online request more form. You will receive full details of the best plan options, plan comparisons and detailed information to help you in selecting the best option to suit your needs and budget. When it comes to the well-being of your loved ones, there is simply not time to delay, we never know what life’s journey will bring and planning ahead to provide guaranteed protection for family and loved ones, is crucial in order to have total peace of mind.