How much does a funeral cost?
Compare life insurance with funeral cover now to give yourself peace of mind.
Last updated: 02/02/2023 | Estimated Reading Time: 4 minutes
A funeral is a cost that one that no one wants to think about, but we can remain fairly sure it will happen to everyone at some point. Funerals are notoriously expensive, and without the proper financial support they can become a real burden at an already difficult time for a family.
Costs will vary but it is important to understand the factors that come into play to make sure that you can plan appropriately and ensure the process is financially manageable.
As with anything, the cost will be dependent on a variety of factors and will essentially boil down to how much time you can afford for planning and how much you are willing to spend. One of the main elements is exactly what type of funeral you want to have. According to life insurance provider SunLife, the average cremation is around £1,000 cheaper than the average burial, which depending on what the deceased requested could make the cost far more manageable. While the manner in which the deceased is handled is of course a large factor in the overall cost, there are other expenses which you will need to consider
Most people will use some money set aside from the deceased person's estate to go towards funeral costs. If someone died of old age or a long term illness, then there is always a strong chance that they would have put some money aside to ensure that their family did not have to bear the brunt of the cost.
In some instances, you can get help from the government in the form of a Funeral Expenses Payment, which will generally be dependent on whether or not you are a benefits claimant. The funeral expenses payment is unlikely to cover the entire cost of the funeral, but may just help to make it more manageable. In the instance that there are no family or friends available to pay for the service, then local authorities will sometimes step in to ensure that the deceased are sent off appropriately.
Life insurance will ensure that for the duration of your policy, if you die then the claimant will receive a lump sum. This means that this money could be used to cover the cost of the funeral without it directly paying out for that purpose
Yes you can, as with almost anything there is a type of cover that will ensure that those close to you will not have to pay out of their own pocket to cover funeral expenses. These will often be available from a funeral directors who can also handle the logistics of the ceremony, potentially taking out a large amount of stress from those who would be organising it.