2020 Market Study Reveals Surprising Truth About UK Cremations And Funerals
| November 2020 | Jack Evans
We plan our careers. We plan our holidays. We try to prepare for many things throughout our life. But there’s one important matter that most of us fail to get ready for.
It’s something that’s certain to come and cannot be avoided…
A recent study from YouGov found out that only 6% of adults set up a prepaid funeral or cremation plan¹.
This creates a problem for their family and loved ones.
Because the time comes and planning is no longer an option, many end up stressed with years of debt because of all the costs on their shoulders.
Bad actors in an unregulated funeral industry have been milking this for decades . Because they know they can charge any rate they want, the prices have risen dramatically over the years.
In fact, the cost of the average funeral in the UK has increased 122% in the last 15 years . In 2018, the total cost of dying was an alarming £9,204 per person⁵.
But all these insanely high costs can be avoided.
By preparing for a funeral or cremation ahead of time using a preset plan. It’s a lot easier than you think and only takes a couple minutes to do.
It may not be a motivating task, but it’s worth it. And by not taking care of this in advance, it may have serious financial consequences and cause unnecessary stress to your loved ones.
Funeral coverage (if shopped properly) provides a preset plan that doesn’t increase over time. With payments as small as 45p* a day, it is one of the smartest ways to save money.