The Facts

Looming debt crisis

Did you know?

Families are taking on debt to pay for funerals. They often have to resort to credit cards or personal loans to pay the considerable bill for a loved one’s funeral.

With nearly ten million households in the UK having no cash savings, many poorer families could even face the nightmare scenario of having no money to lay their loved one to rest. Planning ahead can be a smart financial move.

By fixing your funeral costs at today’s prices you can potentially save your family thousands of pounds. Making your funeral arrangements in advance will also save your loved ones from the stress of planning your funeral at an already emotional time.

They will know that all your wishes are being met and you are getting the send-off you would have wanted. A 2016 national study highlighted the lack of funeral provision across the UK. With the cost of an average funeral over £4,000, are bereaved families facing a debt crisis?

2016 national study

The key findings of the study.

Only 6% of adults (over 18) in the UK have a pre-paid funeral plan.

This is in contrast to other European nations where end-of-life planning is much more common. In Holland, 70% of people have a funeral plan, whilst 20 million Spaniards have funeral insurance.

The results by marital status were:

2% - Never married
8% - Married/ Civil Partnership
9% - Separated or Divorced
30% - Widowed

Only 2% of adults under the age of 55 have a funeral plan.

The results by age group were:

1% - 18-24
2% - 25-34
2% - 35-44
3% - 45-54
13% -55+

Only 15% of retirees in the UK have a funeral plan.

The average costs.

Source: SunLife - Cost of Dying report

Average Funeral Cost Today

Planning ahead can be a smart financial move. By fixing your funeral costs at today’s prices you can potentially save your family thousands of pounds.

Average Burial Cost Today

Making your funeral arrangements in advance will also save your loved ones from the stress of planning your funeral at an already emotional time.

Average Cremation Cost Today

In addition to standard crematorium fees, there are additional costs such as cremation urn, doctor's fees and cost to bury ashes in a cemetery (if you wish).