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Are funeral plans a good idea?

If you've seen adverts about planning ahead and protecting your family from rising funeral costs, you might have been left wondering whether buying a funeral plan is a good idea.

We’ve answered some questions you may have to help make the right decision for you.

How do funeral plans work?

A pre-paid funeral plan allows you to plan and pay for your funeral in advance. Many providers have a range of different plans to suit you, as well as different payment options.

Once you’ve bought your funeral plan, you’ll receive documents with the details of all the services included your plan. It’s a good idea to tell your family members about your funeral plan and where your documents are, or give them copies if there are extras, as this will make it easier for them to start the funeral arrangements.

When the time comes, your family can then go to your chosen funeral director who'll carry out your funeral arrangements.

Is a funeral plan worth it?

Although it may seem like a big upfront cost, many people find comfort in knowing that their funeral has been taken care of. With funeral costs increasing each year, buying a funeral plan at today’s prices will protect your family from future price rises.

Many funeral plan providers offer flexible payment options, allowing you to spread the cost of your funeral plan over months, or even years. This can make having a funeral plan a more affordable option.

Most funeral plan providers will also allow you to record your funeral wishes: this can include a favourite poem you’d like read, or a charity you’d like donations to be given to. As you’ve made these decisions as part of your plan, this makes the funeral planning process easier and less stressful for your loved ones when you die.

Is a funeral plan right for me?

If you want your funeral to be paid for and arranged in advance, with nothing more for your family to pay when you die, a funeral plan could be the right choice for you.

Funeral plans have different levels of cover; some guarantee to cover all costs including those paid to third parties (like church fees and cremation fees) and some provide a contribution towards these.

Some people choose to buy over 50s life cover to help cover funeral costs. Over 50s life insurance provides a cash sum to your family when you die, however, this amount isn’t guaranteed to cover the costs of a funeral.

How would I find the funeral plan that suits me best?

If you know what type of funeral you’d like, this is a good place to start when finding your ideal funeral plan. You should choose a plan that would work best for you and fit your funeral wishes.

Which funeral plan is best for couples?

There’s no specific funeral plan that is better for a couple, but some providers do offer joint plans. This is where both people are named on the plan, but it only covers the funeral of the person who dies first. If you’d prefer for both of your funerals to be covered, you need to take out two individual plans.

Won’t my funeral be paid for through my estate?

When you die with an estate (any property you own), your family will need Probate to be granted to release funds to pay for your funeral. Depending on the complexity of your estate, this could take as long as 9-12 months, meaning your family will have to find the money in the short term to pay for your funeral.

If you choose Co-op Legal Services for Probate, they’ll be able to cover the cost of a funeral with us, providing that there are sufficient assets in the estate that can be sold to cover the funeral afterwards.

Co-op funeral plans

With our award-winning funeral plans, you can protect your family from unexpected funeral costs and uncertainty about your funeral wishes. Find out more about our funeral plans, and why you might want to choose a Co-op funeral plan.

Our range of prepaid funeral plans
Find the right funeral plan for you

A summary of our Simple Plan

Base price £3,225

Pay in full, spread the cost over 6 or 12 months, or pay in monthly instalments over 2 to 25 years

Our lowest cost plan that includes all the essentials for a funeral arrangement

Co-op members save £75

  • Available for burial and cremation
  • Includes a contribution of £850 to help cover defined third party costs

A summary of our Bronze Plan

Base price £3,735

Pay in full, spread the cost over 6 or 12 months, or pay in monthly instalments over 2 to 25 years

Our plan that covers cremation fees, no matter how much prices rise

Co-op members save £125

  • Available for burial and cremation
  • Includes a contribution of £1,000 towards defined third party fees (cremation fees are guaranteed)

A summary of our Silver Plan

Base price £4,150

Pay in full, spread the cost over 6 or 12 months, or pay in monthly instalments over 2 to 25 years

Our fully guaranteed plan that gives flexibility with the funeral arrangements.

Co-op members save £125

  • Available for burial and cremation
  • Fully guaranteed to cover defined third party costs

A summary of our Gold Plan

Base price £4,460

Pay in full, spread the cost over 6 or 12 months, or pay in monthly instalments over 2 to 25 years

Our fully guaranteed plan with 5-star ratings from Fairer Finance and Defaqto 4 years running.

Co-op members save £125

  • Available for burial and cremation
  • Fully guaranteed to cover defined third party costs

Download a brochure

Download a copy of our funeral plan brochure or call our funeral planning team to request a printed version by post.

Download funeral plan brochure
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