Are Funeral Insurance Plans Safe?

Pink funeral flowers sitting within a hearse

With the rising cost of funerals in the UK, Funeral Insurance Plans have become one way to help protect your loved ones from the financial strain that can come with loss. But as much as you may want to support the people you love in their time of need, how can you be sure that you’re choosing a safe plan? Let’s take a look at some of the concerns you may have when choosing a Funeral Insurance Plan. 

What is a Funeral Insurance Plan?

Funeral Insurance Plan is a way to secure an agreed sum of money that will cover some, if not all, of your funeral expenses after you pass away. The weighted average cost of a funeral these days can be as high as £5,600 which can potentially rise to £7,500 depending on personal choice. This kind of cover can help to protect those you leave behind from the burden of final expenses at an already difficult time. 

Who regulates Funeral Insurance Plans?

If you’re concerned about the reliability of a Funeral Insurance Plan, you may have questions about who regulates this type of cover to protect customers like you. It’s always a good idea to check that any insurance plan you might buy has been reviewed and approved by impartial experts with your best interests in mind. British Seniors is regulated by the Financial Conduct Authority, so you can rest assured that our Funeral Insurance Plan, like all of our products, has been held to industry standards. 

Are there any hidden fees?

No, there are no hidden fees. With British Seniors, you pay a monthly premium for your Funeral Insurance Plan and if you need to make changes to your plan, you can apply to do so at any stage, free of charge. When you pass away, your family will receive the benefit amount you’ve chosen once they’ve made a valid claim. 

How much of my Funeral will be paid for?

If you choose a British Seniors Funeral Insurance Plan, you will have a choice of three packages: Bronze, Silver and Gold. Each of these packages is designed to provide a set sum of money toward your funeral and burial. The package you choose will depend on how much you want to pay monthly, what kind of funeral you have in mind, and how much of the final costs you will need to cover. 

  • With a Bronze Plan, you could cover funeral costs of up to £2,000
  • With a Silver Plan, you could cover funeral costs of up to £4,000
  • With a Gold Plan, you could cover funeral costs of up to £5,500

You’ll also have the option to add an additional top-up to your cover, up to a maximum amount for your age.  

  • If you’re aged 50-69, you can top up for a maximum of £10,000 total 
  • If you’re aged 70-74, you can top up for a maximum of £9,000 total 
  • If you’re aged 75-80, you can top up for a maximum of £6,000 total 

Whatever you choose, you’ll be covered for the rest of your life so long as you keep up with your monthly premiums. What’s more, you’ll be protected from day one*, so once your plan is in place you can rest assured that there will be financial support available should your family find themselves planning your funeral. 

What happens to my plan after I die?

After you pass away, your loved ones can make a claim with us, and the person you’ve nominated will receive the funds you’ve set aside to go toward your funeral after a successful claim.  

We know that losing someone is a stressful and difficult time for any family, so we will do what we can to process the claim as soon as possible. Plus, with our Funeral Pledge, your loved ones can receive up to £10,000 of a valid claim upfront to help alleviate some of the pressure of funeral planning – it can even be paid directly to the Funeral Director, giving your family one less thing to worry about. 

Trust us to be there for your loved ones

With a gold rating for more than three years in a row based on independent customer reviews, we’re proud to be a FEEFO Trusted Platinum Merchant. Over 160,000 British families have chosen us to help protect their loved ones, so you can trust that your family will be in good hands with British Seniors. 

If you’d like to know more about our Funeral Insurance Plans, you can call us for free on 0800 803 0052 and we’ll be happy to talk you through your options or even provide you with a no obligations quote. 

 *Cover for accidental death from day one, with death by other causes covered after 12 months