Age UK: More people investing in their funeral

Age UK Funeral Plans, which covers the cost of funerals, has reported a 61 per cent sales increase in 2009, suggesting that more people are thinking about their after-death finances.

Across the industry there has been a 22 per cent rise in the up-take of funeral plans.

The organisation explained that the rise could be due to the cost of funerals, which is rising above inflation, and because cremation fees are no longer subsidised by councils.

Sharon Dobson, product development manager for Age UK Funeral Plans, commented: "Recently more and more people have worried about their finances with particular concern over how they will afford large purchases.

"As the consumer continues to be mindful of their finances we encourage them to think ahead. Our plan ensures loved ones don't incur the costs involved with the planning of a funeral for a loved one when the time comes."

To cut down on the cost of matters that will only happen in death, people could think about writing a DIY will, which eliminates the need to pay for solicitor's fees.

Posted by Morag Lyall

  • Making a Will News from Lawpack: save legal fees now with the DIY Will specialists.

Published on: June 17, 2010

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