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Funeral Planning

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An easy way to pay for funeral costs in advance

Having to make difficult decisions about what you wanted for your funeral when the time comes will be the last thing your loved ones want to think about when you pass away. Why not help to remove that worry from them by paying towards your funeral arrangements in advance through a prepaid funeral plan.

Not only will taking out a plan give you that all important peace of mind, secure in the knowledge that you have documented your funeral wishes, but it will also help to protect your loved ones from the effects of rising funeral costs.

Saffron has teamed-up with its trusted partner, Dignity, the UK's leading funeral plan provider, to offer The Prepaid Funeral Plan. This enables you to fix the costs of the services in your chosen Plan at today's prices. There’s an option to suit many budgets, you can either pay in a single lump sum or spread the costs over a period of up to five years (other options are available please ask for details). Please note that there’s an extra administration charge for payments by instalments of greater than a twelve month term.

Why it's a good idea to pay in advance

Research undertaken by Dignity shows that the average cost of funerals has more than doubled in the last 15 years. An average funeral cost is estimated to currently be £3,737 based on Matter Research commissioned by Dignity as at August 2015. The Prepaid Funeral Plan may therefore be something you want to consider to help make a provision towards these costs. If this trend continues, by 2023 the average cost of a funeral could reach £6,107. This forecast is based on a compounded growth rate of 6.33% each year between 2007 and 2015. This means that the chances are any savings you have set aside to cover these expenses will not be keeping pace with rising funeral costs.

Deciding which funeral plan is best for you

There are three Plans to choose from, each offers a unique set of benefits so you can select the option that suits you best. The Prepaid Funeral Plan can be used for a cremation funeral service, covering the services specified. A burial option is also available but Dignity cannot guarantee the Plan in the same way, due to the variation in cost throughout the UK, therefore a contribution towards burial and other third party costs is made. Please ask Dignity for further details.

Once the Plan is paid for, neither you nor your loved ones will need to make any further financial contributions towards the services specified in the Plan. This means the family won’t be left with an unexpected bill for these costs when the time comes. The Plan is available to anyone aged 50 or above and you are guaranteed to be accepted without any medical questions. More details about the choice of Plans available can be found in the brochure which is downloadable here.

Help for your loved ones

Most importantly, the Prepaid Funeral Plan means that, when the time comes, your family need only make one phone call to set the Plan in motion, removing the worry of finding a funeral director, deciding on the most appropriate arrangements and dealing with payments for the services in the Plan. Your loved ones will also receive all the support and guidance they need from Dignity’s award winning Client Service Centre^.

^ Dignity has been awarded 'Call centre of the Year' in the 'Top 50 Call Centre Awards' for 2012, 2013 & 2014. Assessment included input from customers who called into the Dignity Client Service Centre and rated performance.

Brought to you with Dignity

The Prepaid Funeral Plan is provided by our trusted partner, Dignity, the UK’s leading funeral plan provider. Dignity is a British company, and specialist in its field with a rich heritage. Their oldest funeral director opened its doors over 200 years ago and they introduced the first funeral plan in the UK in 1985. Since then Dignity has helped over 675,000 people in the UK make provision for their funeral in advance.

Today, Dignity have a network of over 1,180 owned or approved funeral directors nationwide and conducted over 65,000 funerals in 2014. In a recent survey more than 98% of customers surveyed said they would recommend Dignity to family and friends.

What next?

If you would like to find out more about the Prepaid Funeral Plan, either visit your local branch or call us on 0800 072 1100 to speak to one of our Customer Consultants.