It is only natural for funeral charges to increase in relevance over time. Protecting ourselves in other ways all too often takes priority, leaving little thought for our own mortality in the process.
How our burial and other costs might be met once we are gone isn’t something many of us tend to consider until later in life.
Funeral insurance for the Over 50's offer those approaching their twilight years opportunity to protect their loved ones from the financial burden which inevitably comes with the passing of any individual. Unlike other life insurance policies, they exist to cover funeral costs only.
With standard burial and associated costs now running to thousands of pounds, funeral plans for the Over 50's exist to offer those approaching retirement peace of mind their final wishes will be carried out, come what may.
Unlike Over 50's saving schemes supplied by specific saving or funeral providers, Over 50's funeral plans are taken out with an insurance company to provide a nominated family member with a lump sum payment in the event of death. This sum is available to be used as they so wish, while regular payments must be maintained for the duration of a policy for a subsequent pay out to be guaranteed.
Paying via a monthly premium does make it possible to pay more into a policy than it stands to pay out, should you live longer than expected. Depending on the cover provided, however, Over 50's funeral plans can be more effective than traditional savings plans in meeting any future rises in funeral costs.
Protect Your Family allows you to compare a wide range of Over 50's funeral insurance policies offering a variety of coverage terms suitable for all budgets.