Funeral Plans For The Over Fifties
Most people don’t like to think about their own funerals, but unfortunately this is an important consideration for anyone who does not want to leave their family in the lurch after they pass on.
The great thing about over 50s funeral plan options is that they come in all shapes and sizes, and allow individuals the chance to cover the cost of an event that will already be pretty taxing on the people they love. Still, if you are unsure whether you need a funeral plan, it helps to get to know a bit about the benefits.
Taking Care of the Arrangements
One of the best things about over 50s funeral plan options is that they come with the option of arranging the entire event before you pass on. You get to pick everything from the casket to the flowers, so when the day comes, your family and friends don’t have to worry about a thing. Of course, the amount of detail that you can arrange beforehand will usually depend on what sort of plan you take out, so this is something you need to consider.
Choosing Your Payment Option
Another great benefit of a funeral plan at 50 is that it allows you to choose between making one, large upfront payment, or to opt for monthly instalments. Many companies do not request that you undergo a medical screening before you take out a plan, and there isn’t an age limit you need to adhere to in order to be eligible for the plan.
Since the over 50s funeral plan options cover only the funeral, the monthly instalments tend to be somewhat lower than life insurance. While your family won’t get a large payout upon your death, they will not have the added expense either.
What is Covered
Before you opt for an over 50s funeral plan, you need to be made aware of what is and isn’t covered under the plan. Keep in mind that added extras such as the cremation certificate or the Officiant’s fees might not be covered, so you will want to make sure you consider this beforehand.
You will also want to make sure that you are aware of where you are going to be buried, since different places tend to have higher or lower fees associated with burials, cremations and funerals in general.
Cancelling Your Funeral Plan
Lastly, before signing any documents, you need to be aware of the cancellation terms and conditions of your chosen plan, including the fees. Most plans will have a cooling off period, which allows you to cancel your plan free of charge, but once this period has ended, you will usually be required to pay a fee.
Protection Against Inflation
Since you are paying for your funeral upfront, you don’t have to worry about inflation, or the costs of the event rising unexpectedly.
While you might not like the idea of planning your own funeral, once you have this protection, you can rest easy with the knowledge that your family and friends will get the chance to mourn your passing, without having to worry about the costs of the funeral itself.