Planning ahead can protect your loved ones

Many people have put money aside in ISAs for a rainy day. But it’s an unfortunate fact that this money may not be growing as fast as you would like it to. Funeral costs on the other hand have been rising steadily for the past 15 years. If this trend continues and you were relying on your savings to cover funeral costs there may not be enough money when the time comes.

Money left behind in ISAs may not be accessible straight away. Funds can be frozen and take time to release. If this happens, your loved ones may find themselves facing financial strain while they find an alternative way of paying for funeral costs.

Another method of making provision towards funeral costs is Over 50s Life Insurance. Initially these look very attractive because of the low monthly payments. The disappointing fact is thatmany people will end up paying in more than they will ever get back. Some policies even have a qualifying period to reach ( e. g. 2 years) before they will pay out, if you did pass away in this time there is a chance you will lose your money. The Dignity Prepaid Funeral Plan provides you with protection against rising funeral costs and allows you to make arrangements in advance, an invaluable way to support your loved ones at a difficult time. Freezing the cost of the services in the plan at today’s prices could significantly lower the cost of arranging your funeral in the future. The fixed monthly payments will increase in line with the Retail Price Index ( RPI) to help keep up with rising costs. Unlike a savings account the Dignity Funeral Plan is unaffected by changing inflation and interest rates. And if you pass away before the Plan has been paid for, providing your loved ones promise to pay the outstanding balance after the funeral, Dignity will provide the services as agreed. You are able to go into as much or as little detail as you wish, whether you would like a certain service or reading to the kind of flowers you prefer. Unlike an ISA or life insurance policy a Dignity Nominated Funeral Director will be there to guide your family through the whole process when the time comes. The money paid for a Dignity Funeral Plan is securely held in the National Funeral Trust, and at the time of the funeral the Funeral Director will be paid directly, alleviating the pressure and worry from your family in fact a simple telephone call is all that is needed to put the plan into motion. Call today for your noobligation information guide which contains a simple application form that you can complete from the comfort of your own home. A UK- based Dignity trained advisor is available to take your call 24 hours a day seven days a week and can discuss your needs and a variety of payment options.