What is a Funeral Insurance Plan?

Young woman smiling as she hugs her elderly mother who is sitting on a sofa

A Funeral Insurance Plan is a simple way to help your loved ones cope financially with the costs of your funeral. The British Seniors Funeral Insurance Plan is a life insurance policy designed to provide a lump sum to your loved ones to help with funeral costs and other expenses when the time comes. It is not a pre-paid funeral or a funeral plan. It can help your family to cover funeral costs and give you the send-off that you really want. So, how do you work out which plan is right for you, and what are the benefits of choosing a Funeral Insurance Plan? Let’s have a look…

How does a Funeral Insurance Plan work?

With British Seniors, you can choose from one of our three Funeral Insurance Plans. The amounts you have access to will depend on your age at the time of your application. We’ve broken down our plans so you can get an idea of what they could help your loved ones pay for: 


Offers a benefit of £5,500, from £19.28 per month1

  • Could cover the average cost of a funeral with a burial or a cremation
  • Option of adding up to £4,500 of extra cover depending on your age 
  • Could cover the cost of a superior quality coffin or urn 


Offers a benefit of £4,000, from £14.30 per month1

  • Could cover a large part of the cost of a typical funeral with a burial or a cremation
  • Option of adding up to £6,000 of extra cover depending on your age 
  • Could cover the cost of a high-quality coffin or urn 


Offers a benefit of £2,000, from £7.65 per month1

  • A contribution to the cost of a burial or the full cost of a direct cremation
  • Option of adding up to £8,000 of extra cover depending on your age 
  • Could cover the cost of a good-quality coffin or urn 

Once you have decided what plan you would like and your application is accepted, you’ll pay a monthly premium until you pass away. With our Funeral Insurance Plans, your benefit amount will automatically increase by 3.5% each year to help keep up with inflation and help grow your benefit amount. Your monthly premium will also increase by 5% each year to reflect this. If you don’t want your benefit amount and monthly premiums to increase, you can choose to opt out of these increases in which case your benefit amount and premium will remain fixed for that year. If you opt out of three increases in a row, your benefit and premium will remain permanently fixed for the policy duration.  

Why should I choose a Funeral Insurance Plan?

Unfortunately, according to our Funeral Report 2021, the cost of a funeral has been increasing and shows no signs of slowing down. We found that people paid an average of £5,631 for a funeral from 2016-2021 and depending on what kind of send-off you want the costs could rise to £7,500. If you were to pass away suddenly with no protection in place, your family may struggle to come up with the funds.  

With a Funeral Insurance Plan in place, you can help ensure that this doesn’t happen. We understand that a ‘one-size-fits-all’ approach won’t cut it when it comes to something as important as protecting your family. That’s why with British Seniors, each of our Funeral Insurance Plans are flexible, so you can easily find cover that suits your lifestyle. 

What's covered?

Sadly, we can’t be there for our families when we die. But we can help you to provide financial support when the time comes. The payout from a Funeral Insurance Plan could be used to help cover some of the costs associated with a funeral. As soon as your policy is in place, you’re covered for accidental death in the first 12 months, and after that your cover extends to death by any cause.  If you pass away from a non-accidental death in the first 12 months, we will refund any payments already made. 

If you take out a Funeral Insurance Plan with British Seniors, you’ll also receive a free Will Kit worth £100. This can be used to help you get your affairs in order and set out your wishes for when you die.  

Am I eligible?

As long as you’re aged between 50-80 and you’re a UK resident, you’re guaranteed to be accepted. That means that we won’t ask you to complete a medical or provide us with details of a health check – getting cover is that simple.  If your death is the result of an accident, your family will receive twice your benefit amount.  

You also have the option to apply for a single policy, or a joint policy for you and your spouse or civil partner. If you choose a joint policy, there will be two payouts. One for each death of the lives insured.  

How much will it cost?

How much your cover costs will depend on which plan you choose and how much of a benefit amount you would like. Your age, smoker status, and whether you choose a joint plan or not will also impact the cost of your plan. 

Which plan you decide to go for depends on how much money you would like to leave behind to help cover funeral costs. The good news is that it doesn’t need to break the bank. Our monthly premiums start at just £4.32* a month, depending on the chosen cover. So, you can have some peace of mind that when the time comes your family will have financial support when they need it most.   

Things to consider

  • Consider the benefit amount you choose as inflation may reduce its buying power over time.
  • Depending on how long you live you may pay in more than we payout.
  • If you stop your monthly payments, you will get nothing back

What benefit amount can I secure based on my age?

The size of the benefit amount you can choose will depend on what plan you decide to go with. On top of your benefit amount, you also have an option to include an extra cash sum if you want. How much you can get will also depend on which plan you choose and your age. 

If you decide to include an extra cash sum, your benefit amount and extra cash sum amount cannot exceed the total max benefit amount as set out below, which we’ve referred to as ‘Max Combined Benefit Amount’: 

Age at start date Max Combined Benefit Amount 
50-69 £10,000 
70-74 £9,000 
75-80 £6,000 

Benefit amounts available with each plan: 

Plan Benefit Amount 
Gold £5,500 
Silver £4,000 
Bronze £2,000 

So, for example: If you are a 60-year-old who takes out a Gold Funeral Insurance Plan, you can take out £4,500 of extra cover. This would mean that your total benefit amount is now £10,000.   

How do I apply?​

While it might be uncomfortable to think about your own funeral, the sooner you do, the easier it is to get a suitable plan in place. When a loved one dies, the last thing anyone wants to think about is money. With a Funeral Insurance Plan, you can help to take some of that stress away.  

You can get a quote online in minutes. Our friendly UK-based team are on hand to answer any questions you may have and to help you find the right plan for your needs. Once you’re happy with your chosen cover and premium amount, you can take out your plan right there and then. 

For a 50-year-old non-smoker

2 Source: British Seniors Funeral Report 2021

* For a 50-year-old non-smoker with £1,000 of cover.