Frequently asked questions about Funeral Insurance Plans

• What is a Funeral Insurance Plan?

  A British Seniors Funeral Insurance Plan will allow you to leave a lump sum payout to your loved ones when you pass away. This lump sum payout can then be used to help with a funeral and other costs.  

• How does a Funeral Insurance Plan work?

  With a Funeral Insurance Plan, you can select the plan that suits you best. There are three options available to you: Gold, Silver and Bronze. You also have the option of adding additional cover to your chosen plan, depending on your age. Deciding on a plan will depend on what kind of financial support you would like to provide your loved ones with, and what you can afford.

  From there you will pay a monthly premium that will maintain your protection until you pass away. When you pass away, your legal beneficiary will receive this money.

• Are Funeral Insurance Plans the same as Funeral Plans?

  With a standard funeral plan, you pay for your funeral in advance, at today’s prices, with a tied Funeral Director. You can pay the plan provider in either a lump sum or instalments.  
  
  With our Funeral Insurance, we pay out a cash lump sum which can be used as you and your family see fit, typically contributing to a funeral. It’s more flexible so, for example, you could insure yourself for more than your funeral costs to help cover other expenses such as legal fees and final bills or even as a gift to leave behind to family or friends.

• What does it include?

  The payout from a Funeral Insurance Plan can be used to help cover some of the costs associated with a funeral and other expenses. In the last number of years there has been a steady increase in the cost of a funeral in the UK. This means that a funeral could potentially put your loved ones under financial pressure. A Funeral Insurance Plan can provide support and help relieve some of the financial stress associated with funeral planning. You also have immediate cover from day one for accidental death, plus death by any cause after 12 months. 

• What does it not cover?

  For the first 12 months of the policy, a Funeral Insurance Plan only covers death as a result of an accident. After this 12-month period you will be covered for death by any cause. If you pass away from natural causes in the first 12 months of the plan, all premiums paid will be refunded.

• What's the benefit of getting a Funeral Insurance Plan?

  The death of a loved one can be a stressful time for anyone. The last thing that a lot of people would want to think about would be the finances. Getting the finances together for a funeral at short notice can often introduce stress and pressure into an emotional situation. Having a Funeral Insurance Plan in place could potentially relieve this pressure and give you peace of mind that things are taken care of when you pass away.