Why a funeral plan?
The death of a loved one can be extremely stressful, both emotionally and financially. Having safeguards in place can give you peace of mind that they will have less to worry about when you pass away. You might have a savings account in place, but this money won’t be passed onto your family immediately following your death. Funeral Plans and over 50’s cover are ways that can help your family manage financially in this circumstance.
Although many people start thinking about taking a funeral plan out around the age of 50, they are available for anyone over the age of 18.
Pay for your funeral in advance
A huge consideration should be how you will pay for your funeral. A plan ensures that your funeral costs are covered. When you die, this money will go directly to the funeral directors to cover the funeral services.
There are a number of different funeral plans to choose from. This could be a standard funeral with a basic plan or something more comprehensive with an inclusive plan. Both have flexible payment options with either a monthly payment plan or a single payment option.
A huge benefit to paying for your funeral now is that you can make the most of today’s prices and avoid the rising cost of funerals.
Taking out life cover
If you haven’t already, then you should also consider taking out a life insurance policy. Life insurance is a type of insurance that will only pay out in the event of your death. This is particularly important to consider if you have people who depend on you as the main income provider or form of childcare.
Here are some of the main reasons why you should consider taking out life insurance.
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Why Clever Mortgages?
At Clever Mortgages we can offer you the support and advice required to ensure you get the right mortgage for your first home. We provide access to a comprehensive range of mortgages from across the market. We are also authorised and regulated by the Financial Conduct Authority (FCA) and adhere to the Treating Customers Fairly (TCF) guidelines, so you can be confident that we will treat you with integrity and only recommend products that meet your needs.