Some recommend prepayment for a funeral, while others are happy to let their families pay as and when the time arrive. Regardless, funerals may be expensive; therefore, planning for their payment is essential.
Funeral Plan
What is a funeral plan, and how it works? Let’s discuss it in detail in this post. A funeral plan makes it simple to make arrangements and cover the expenses of a funeral in advance. It also gives you a chance to decide how you’d want to be remembered, which may ease the burden of guilt on your loved ones.
Everything you need to know about funeral plans and what features should be included is discussed in this article.
Types Of Funeral Plan
There are normally three kinds of funeral arrangements available from providers:
Basic: A basic plan may only pay for your burial or cremation and may place limits on when and where your loved ones may pay their respects.
Standard: A standard funeral plan may include using a limousine for the funeral procession and a simple casket and burial insurance.
Comprehensive: Vehicles for the funeral ceremony and to carry visitors to the funeral, additional options for seeing the corpse in a chapel of rest, and more.
This illustrates the common components of a funeral plan, whether it be for a traditional burial or a more modern cremation. Be aware that the services offered, and the associated costs will vary from one company to the next.
At Plan With Grace, we have made it simple, stress-free and affordable for you!
Advantages of Having a Funeral Plan
- You may benefit from several deals from a funeral plan provider
- Taking care of the expenses associated with a simple cremation
- Safeguarding current pricing and hedge against inflation.
- The simplest strategy to guarantee your loved ones experience no financial burden.
The most straightforward approach to guaranteeing that your loved ones will have no financial obligations is to acquire a funeral plan.
Simple Funeral Plan Cyprus – Cyprus
This plan is designed for those who just want a simple service.
The Simple funeral plan provides the essential items for a burial, including the removal, care and facility to view the deceased. Family and friends can attend the burial but there is no service. This plan is for burial only. Should you require a cremation then you must choose the Repatriation plan, as Cyprus has no crematorium.
What’s included:
- Administration of the plan
- Attending to all necessary funeral arrangements
- The funeral director’s services
- Removal to the funeral director’s premises (within 40km)
- Care of the deceased
- Hygienic treatment
- 4 days’ mortuary expenses
- A simple wood coffin
- Provision of hearse to cemetery
- Provision of necessary staff to attend funeral service
- Burial third party fees* inclusive of grave purchase, interment fee and grave digger fee
- Wooden cross with name plate (wooden cross added when grave is purchased)
- Advice to executors relating to registration & documentation
- All legal documents necessary for the funeral to take place
- 24-Hour English-speaking emergency helpline
*Burial third party fees limited to €850 (based on current cemetery cost – Contribution)
What is not included:
- Flowers
- Mortuary expenses for more than four days
- Cremation
- Religious or non-religious funeral service
Single payment (i.e. one lump sum) paying in Euros or Sterling – you can cancel within 30 days or within 7 days of us telling you who your funeral director is (if this is later). You’ll get all your money back. If you cancel after this, you’ll get your money back but we’ll keep a €274 / £239 charge for administration.
12 months’ instalments paying in Euros or Sterling – you can cancel at any time in the 12 months and get back everything you’ve paid. After that, you’ll get your money back but we’ll keep a €274 / £239 charge for administration. Payment option not available if you have been advised by a doctor of a condition or illness that will cause death within 12 months of applying for a plan.
12 – 96 months’ instalments paying in Euros – you can cancel at any time in the 12 months and get back everything you’ve paid. After that, you’ll get your money back but we’ll keep a €274 charge for administration. Payment option not available if you have been advised by a doctor of a condition or illness that will cause death within 12 months of applying for a plan.
Credit-financed payment* paying in Sterling – this is a loan and it’s subject to status and personal circumstances so you’re not guaranteed to be accepted. You must keep up payments on this: if you miss payments, your plan may be cancelled. If you select this option you will be provided with pre-contract credit information, adequate explanations and a credit agreement directly by Funeral Safe Limited. You will have a cooling off period which is the longer of 30 days from the date of the call or 7 days from when we tell you who the allocated funeral director is. During this period, you can cancel the purchase of your funeral and receive a full refund of any money you have paid to that date. If you cancel after this point, we’ll pay back the cost of your plan to Funeral Safe but we’ll keep a £239 charge for administration. Payment option not available if you have been advised by a doctor of a condition or illness that will cause death within 12 months of applying for a plan. You must repay your finance to Funeral Safe Limited before your 85th birthday
Guaranteed International Plans. If you move back to the UK your plan will become a financial contribution towards the cost of a funeral in the UK. If you are re-locating back to the UK and you have a Golden Leaves International funeral plan, please call our UK office who will be pleased to help set up a Golden Leaves UK funeral plan.
What happens to the money I paid for my plan? – We help many thousands of customers to plan and fund their funerals. Because of economies of scale, we can sell our plans to our customers at a rate which is usually far more cost effective than it would be for them buying from a funeral director at the time of the funeral itself. As a commercial enterprise, we have costs of doing business and promotional marketing. These costs are met by supply side economies of scale delivered by our ability to purchase funerals in bulk and are consequently absorbed into the price of our plans.
We retain an amount from the price paid by you for your plan (which is currently €274 / £239) to cover our administrative costs of running the business for the life of each plan, which is approximately 11 years. We also retain an amount (which currently ranges between €404 / £350.70 and €834 / £724 dependent on which plan you purchase) to cover marketing, sales fulfilment expenses and to provide the business with an element of profit. The balance is placed in the Trust in order to pay the appointed funeral director and other costs of the agreed funeral (for further information, please see our Commission and Payment Disclosure and refer to our fees and payments breakdown summary table for further details).
