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Five reasons that make a Dignity Prepaid Funeral Plan the right choice for you

5 REASONS

Funeral costs are continuing to rise each year, at a much higher rate than inflation. Combine this with the fact people are living longer may mean that, when the time comes, funeral costs could be a lot more than your savings or investments can cover.

Ensure you and your loved ones are protected against rising funeral costs with a Dignity Prepaid funeral Plan.

Here are five reasons why you would benefit:

Get personalised results and find out how much you can save.

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1 People are living longer

MenMen

You thought you'd live until
80
Your actual life expectancy is
120
The actual life expectancy for men is
120

WomenWomen

You thought you'd live until
80
Your actual life expectancy is
90
The actual life expectancy for a woman is
90

That's 7 more birthdays than you thought!

Birthday cake
You're a smoker. Did you know on average, smoking reduces your lifetime by:On average smoking reduces your lifetime by:
8 Years Cigarette Bubble
Cigarette
You have a
1 in 10
chance of living until you are 100
90% of customers who used this tool are predicted to live longer than they thought.

2 Inflation means prices are increasing

A loaf of bread in 1995

You thought it cost
1.00
Actual cost
2.00

A loaf of bread in 2017

Actual cost
1.50

A loaf of bread in 2024

You thought it cost
80
Expected cost
6,106
Loaf of Bread

A loaf of bread is forecast to cost £1.35 in 2024.

That's
11 more
than you thought
78% of customers underestimated the impact of inflation in 2024

Your money is likely to be worth less in the future due to the effects of inflation

£1 today
One pound
=
Will only be worth 83p in 2024
Trail of coins

3 Funeral costs are rising even faster than inflation

The cost of a funeral Today

You thought it cost
80
Actual average cost
£6,106
Today, funerals cost this much more than you thought:
1,737
84% of customers underestimated this cost too!

The cost of a funeral in 2024

You thought it will cost
80
Expected cost
6,106
In 2024, funerals are expected to cost this much more than you thought:
2,106
84% of customers underestimated this cost too!

Predicted rises per year until 2024

Inflation rate
80
Funeral costs
6,106

4 Saving and investments are unlikely to increase enough to cover funeral costs in the future

Stack of coins
The average cost of a funeral today is £3,737[1], but if you invested that money another way, where would you be in 7 years?
If you invest in Stocks and Shares, in 2024 it could have increased to
6,106 short
6,106
In 2024, funerals are expected to cost
6,106
If you put the money in a Current Account, in 2024 it could have increased to
6,106 short
6,106
If you invest in a Cash ISA, in 2024 it could have increased to
6,106 short
6,106

5 Fixing funeral costs at today's prices with a Prepaid Funeral Plan from Dignity saves money

1,664

This is how much you can save over the next 7 years if you fix funeral costs today with a Prepaid Funeral Plan from Dignity.

Just imagine how much you could save in 7 years to come.

Family Family
You could save 1,664 and protect your family from the rising costs of funerals.
By 2024, funeral costs could reach £6,107, so you could save 2,370 on funeral costs with a Prepaid Funeral Plan from Dignity – that’s enough to go on a Caribbean cruise!
92% of customers discovered they could save over £2,000

Dignity has been the leading funeral plan provider in this country since we launched the first plan in the UK in 1985. Today we believe we still provide the best funeral plan in the UK, competitively priced yet with some of the strongest guarantees and benefits available, which is why more people have chosen our plans than any other.

Whenever your plan is needed, you can be sure you and your loved ones will receive a professional and reliable service from Dignity. You can trust us now and in the future to understand your needs, take care of the funeral arrangements in your plan and provide help and guidance to your loved ones at a difficult time.

Now compare our funeral plans

 

What do I need to consider when looking at funeral plans?

It’s important to take your time when looking at funeral plan providers, to make sure you’re getting the right plan for you.

Find out exactly what’s included in the funeral plan and what potential costs are not covered? Does it guarantee to cover funeral director costs and cremation costs? How much does it provide towards burial costs?

And make sure you know who provides the promise to deliver the plan when it’s needed. Are they a safe and secure company that are sure to be around in the years ahead? And find out if the money you pay is held independently of both the funeral director and the provider, so even if the worst was to happen, your money is still safe to provide your funeral plan whenever in the future it is needed.

Why you should choose a Dignity Prepaid Funeral Plan

A Dignity Prepaid Funeral Plan guarantees to cover both funeral director services and cremation costs in every plan. Or you’ll get a contribution towards burial costs, which is  one of the largest available on the market, this amount also increases each year in line with RPI.

Dignity is a financially stable company, with a long reliable history. We have a network of over 1,200 owned or approved funeral directors across the UK and we also have crematoriums in 39 locations, making us the largest single operator of in the UK. This means that we have the stature and capability to stand behind our funeral plan guarantees even if times are difficult, which not all funeral plan providers can promise.

As extra security, with a Prepaid Funeral Plan from Dignity, the money you pay for your plan is paid directly into the independent National Funeral Trust, where it is securely held until it’s needed. The money is only paid to the funeral director at the time of the funeral. This means that your money is safe and should you wish to you can get it back, at any time, with only a small cancellation fee to pay if you change your mind after the cancellation period.

References

 

What is a Prepaid Funeral Plan?

A Prepaid Funeral Plan is one of the best ways to ensure your funeral is taken care of and paid for in advance, at the same time as providing loves ones with all the help and support they will need at a difficult time.

Read more

Why Choose Dignity?

Dignity is the UK’s leading provider of prearranged funerals. Since we introduced the first funeral plan into the UK in 1985, more than 740,000 people have made provision for their funeral costs in advance with Dignity.

Read more

Compare Dignity's Prepaid Funeral Plans

Our Plans let you choose what best suits your needs and allow you to take control of your affairs and give your family peace of mind at a difficult time.

Read more