Why choose a funeral plan instead of guaranteed-over-50s life cover? Some people choose to take out over 50s life cover to cover the cost of their funeral. Over 50s plans provide a lump sum on death. You may pay more in premiums over your lifetime (up to age 90 in some cases) than you receive back. Your lump sum may not cover all the cost of your funeral when the time comes. All the products and services in your Southern Co-op plan are fully guaranteed. So you’re buying the actual funeral services at today’s prices, no matter when you need those services in the future – when they may be more expensive.
Benefits of a funeral plan vs other ways of paying for your funeral
Pre-paid funeral plans
Over 50s cover
Can I pay monthly?
Does it protect against funeral inflation?
P (will cover all products and services listed in your plan)
Does it guarantee to pay for all the items that you want included in your funeral?
Does it offer support to me and my family from when I buy my plan to the delivery of my funeral?
P (less a cancellation charge see T&Cs)
O (dependent on the insurance provider)
If I cancel, will I get my money back?
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