How much does a funeral cost? Plus, how has the pandemic effected funeral costs in 2020?
The cost of a funeral can be a surprise to many people, as very often costs more than originally thought.
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What is a pre-paid funeral plan?
There is a genuine concern from many people, that they won’t leave enough money to cover all the costs and additional expenditures of their funeral.
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What does the Funeral Planning Authority do?
Unlike the majority of the UK’s financial market which is regulated by the Financial Conduct Authority (FCA), Pre-paid Funeral Plans are regulated by the Funeral Planning Authority (FPA).
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Disadvantages to Pre-paid Funeral Planning
The main negative of for pre-paid funeral plans is that you must pay upfront and you may need these funds for other things.
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Advantages to Pre-paid Funeral Planning
The death of a loved one is an extremely upsetting and difficult time.
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