How do Funeral Plans work?

With most funeral plan providers, the money a customer pays for their plan is invested in a ring-fenced trust fund that is run independently and has no links to the Directors of the company.

Through the investment of the trust fund, the monies grow in value over the course of the plan-holder’s lifetime. Then, when the Planholder passes away, monies (+uplift as applicable) are released from the trust fund and paid to a local, reputable Funeral Director who then carries out the funeral in accordance with the instructions contained in the plan.

Comment on this FAQ