Newspaper article The Journal (Newcastle, England)

Why It Makes Mak Sense to Pay Pa for Funeral Funer Costs in Advance; Great Financial Advice for the Journal Readers the Journal PROMOTIONAL Feature

Newspaper article The Journal (Newcastle, England)

Why It Makes Mak Sense to Pay Pa for Funeral Funer Costs in Advance; Great Financial Advice for the Journal Readers the Journal PROMOTIONAL Feature

Article excerpt

It's It' not surprising that tha the cost of living is a real concern for retiree tiree tir s and to add to these concerns, there ther is one cost that' tha s t's t' rising faster ster st - the cost of a funeral funer. thinking ahead to your funeral may seem a little sombre, but it makes financial sense, especially as it's estimated a funeral will cost almost PS5,000 by 2018 due to costs rising by almost 7% a year. Prot Pr ect against rising funeral costs In 2006 funeral funer s cost PS2,225 on average but by 2013 this figure figur had risen to PS3,594. If funeral costs continue to rise at this rate, they will reach almost PS5,000 by 2018. the good news is there ther is a way to prot pr ect against these rising funeral costs.

RISING FUNERAL COSTS AverAge FUNERAL costs Projected FUNERAL costs PSPS4,931 PS3,594 2,225 2006*2013** 2018*** * Mintel: Funeral neral ner s -uK -january 2007 ** Funeral neral ner costs research arch ar carried out by Matt Ma er Communications *** 2018 forecast based on the average increa incr se of 6.53% each year between 2000 and 2013 a Guarant Guar eed Funeral Plan from fr Dignity, the uK's leading funeral plan prov pr ider, ider allows you to pay in advance, fixing the cost of a traditional crema cr tion funeral at today's prices, ensuring loved ones won't be hit with an unexpected bill. So, however much funeral costs rise in the future, futur you can rest assured sured sur that they will be covered and your family will not have to pay a penny more mor for theservices prov pr ided in the plan.

Pensioners Derek Der and joan thornton, pictured tured tur above, didn't want to leave lea their family mily mil with any money worries in the future, futur so they decided to take tak out funeral plans.

"I took out a plan for myself and paid for it over 12 months, spread spr ing the cost made it much more mor affor affdabl ordabl or e, says Derek Der , 73, from fr Scarborough. arborough. arbor We've now taken tak one out for joan. the scarything is that funeral funer costs are ar going up so much, if we didn't have plans in place, it could be very costly. …

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