What if the cost of funerals increases?

 

The cost of funerals usually increases each year, but once you have purchased a prepayment plan the funeral services itemized will be provided for you when needed, without any further charge to you or your family. This is one of the most important benefits and why pre-payment pans have become so popular with our clients in recent years.

How do I know the money will be safe?

 

All payments are made directly into Funeral Planning Trust, with HSBC Trust Company (UK) Limited as Custodian Trustee. The accounts of Funeral Planning Trust are monitored annually by independent actuaries Mercer HRC Ltd and Checked by independent auditors Baker Tilly. The payment for the funeral can only be withdrawn from Funeral Planning Trust when the service has been provided or if the pan is cancelled.

Do you pay interest?

 

No. A guaranteed funeral plan is simply a way of paying in advance for the funeral service. As the value of the Funeral Planning Trust increases over the years, so the money available to pay for the funeral director will increase to compensate for the increase in costs.

Can I pay by installments?

Yes, there are a range of options - Please ask for details. It usually costs more to pay for a plan by installments because of the extra administration involved. Please note that if you die before completing all of the installments the funeral will only be part-paid.

Is there an age limit or health restrictions?

 

No - you can purchase a plan at any age and in any state of health, but please see the note on installments above.

What if I die away from home?

 

We recommend that you take out travel insurance when you go on holiday, especially if you travel abroad, which usually covers bringing you home if necessary. Alternatively we can quote for the extra cost involved.

What if I move home?

 

If you move Funeral Planning Services can transfer your plan to a Funeral Director in that area. Funeral Costs do vary from one area to another and you will be advised of any difference in cost at that stage.

Can I buy a plan for someone else?

 

Yes please mention this on you application - we will need the name, address and year of birth of the person to be covered but we will send all correspondence to you.

What if I change my mind later?

 

If you change your mind within the first month of receiving your plan documents you can return them for a full refund - with no questions asked. If you cancel your pan at a later date, your refund will be subject to an administration charge.