The benefits of funeral plans are manifold, and offer a simple and convenient way to get all the arrangements in place for when the time comes.
However, with so many different providers in the market, it can sometimes be difficult to know who to pick.
But if you know what features to look out for, you will be able to easily wade your way through the mountain of providers to find the one that offers what you want at the best price.
Here are a few suggestions about how to carry out an effective comparison.
Compare like with like
Cost is inevitably a factor when you are choosing a funeral plan provider but the cheapest quote doesn’t necessarily tell the whole story.
If you are trying to pick the most economical option, simply looking at the price tag could be misleading.
Funeral plans are a great way to reduce the costs for your family; by freezing the prices at today’s value, it leaves more money to protect your loved ones.
However, not all plans include every element
When you’re comparing quotes for funeral plans it’s essential to understand what you are getting for your money. A quote which looks far cheaper than the others may not include all of the same components. The only way to check if you are getting the best value is comparing like with like.
A trusted company
Handing over money to a funeral plan provider isn’t something you should take lightly; it’s vital to know that you can trust them with your hard-earned cash.
It’s an extremely good idea to make sure that the funeral plan provider you are interested in is a fit and proper organisation and offers what it says. The best way to do this is to check to see if they’re a member of the Funeral Planning Authority.
A self-regulating body, the FPA is independent and provides protection for consumers by monitoring their activity and providing a code of conduct by which they must abide. Before granting membership they carry out an assessment to see if they are a legitimate and stable company, and they also have strict criteria for the ring-fencing of customers’ money.
Although membership of the FPA is not compulsory, it’s recommended to use a company which belongs to the body as it provides reassurance over quality.
Use a specialist comparison site
Because funeral plans are rapidly becoming so popular, it’s now possible to get a comparison of providers on mainstream finance sites but there’s a risk that you might not get all the information you need.
There are a number of big players in the industry, but they don’t necessarily always offer the best value, or the best package. Smaller or more specialist providers may not appear in generic comparison sites so it’s better to use a specific funeral plan provider comparison portal.
A comparison site can take all of the hard work out of comparing the different plans, allowing you to see the features and the prices with just a glance. By selecting those you are interested in you can carry out a more detailed comparison side by side, saving you hours trawling the internet looking at individual sites.
Be clear about what you want
There are many funeral plan providers out there offering great deals but having a clear idea about what you want in advance can help you find what’s right for you.
It’s very easy to get side-tracked by competitive offers but if it’s not what you’re looking for, you could end up with a plan that’s good value but doesn’t represent the funeral you really wanted.
Take some time to think about some of the fundamental details in advance; if you know whether you want a cremation or a burial, and whether you prefer a budget or deluxe coffin, it will make it far easier to narrow down your selection.
Having so many funeral plan providers in the market can only be a good thing as it means the consumer ends up with not just greater choice, but also more competition on price. However, it can be easy to get lost in the swathe of offers, bargains and deals available.
By using the above top tips you should find it much easier to select the funeral plan that best suits your needs.