The funeral benefit option is where you choose to have the lump sum of your 50 plus plan paid automatically toward the cost of your funeral.
By selecting the funeral benefit option in your 50 Plus application, you can help your family even more by getting up to an extra 10% on top of your amount of cover. So for every £1,000 of your amount of cover that is used towards funeral costs, you could get an extra £100 (up to a maximum of £1,000).
The average cost of a basic funeral in 2013 in the UK was £3,541* and this is estimated to increase to £6587 by 2023*.
However, this doesn't include personal touches like:
* LV= cost of a funeral research - Consensus Agency. September 2013.
**Source: LV= cost of a funeral research – Consensus Research, September 2013 (based upon a sample of 100 UK Funeral Directors)
*** This is a projection based on the rise of funeral costs between 2003 & 2013, using a yearly rate of 6.4%. Please be aware that this is only a projection based on the LV= cost of a funeral research – Consensus Research, September 2013 (therefore this figure could increase or decrease based upon market conditions)
We work with a company called Dignity, they're one of the UK's largest funeral service providers with a network of over 600 funeral directors. Every year, they arrange one in eight of the funerals that take place in the UK.
It's important to make allowances for the increase in the cost of living. Your 50 Plus plan cover is fixed so the lump sum you select now may not be worth as much in the future
Call our friendly UK-based team for more information or a quote:
0800 197 0517
Quoting offer code IELO
Textphone: 18001 0800 197 0517
8am - 8pm Monday to Friday
8am - 4pm on Saturday
We may record and / or monitor calls for training and audit purposes.