4 Things to Watch Out for When Buying a Funeral Plan
Two thirds of bereaved adults report feeling stressed about funeral costs, according to research from insurer MetLife.
One way to ease the burden on your family and friends is to pay for your funeral in advance by taking out a plan.
But it’s essential to understand how these plans work, as they don’t cover everything.
Key Considerations
- Understand what is covered by the plan
- Be aware of potential extra costs
- Check the plan's flexibility
- Review the provider's reputation and terms
30% of those who felt stressed said it was because they were unsure whether they could afford the funeral, while 25% said they didn’t know whether a plan was in place outlining their loved one’s wishes.
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Author's summary: Consider key factors before buying a funeral plan.