Pre-paid funeral Plans - from £28.81pm or a one off fee of £2250 inc v.a.t
Compliant with the Financial Services and Markets Act 2000 (regulated activities) order 2001*
Having to think about your own funeral arrangements can be an uncomfortable process, but thoughtful planning can secure not only your own piece of mind but also the comfort and reassurance that your family will be spared the extra burden at such an emotional and distressing time.
Why Pre Pay?
It makes sense to pay now and deal with the financial side of your funeral in advance as it can save your family a considerable amount of money in the long term. The reason for this being that you will pay at today’s price, not tomorrow's or next year's. Funeral costs have risen dramatically in the last few years according to a survey conducted in 2017, showing that 20 years ago Funeral Directors' fees were £1000, 10 years ago they were £2000 and now they average £4-5000 and there is no sign of it slowing down.
In addition to this we are all living longer, with the avarage life expectancy now reaching 90 - so with Funeral Directors' fees effectively doubling every 10 years - how much will YOUR funeral cost when you reach 90?
With the Government also considering introducing probate fees that will cost the average family £4-8k simply to access the estate a pre-paid funeral plan is essential to protect your loved ones from being put into financial hardship when you pass away.
The plan provided by Silver Clouds ensures your money is invested securely in Trust and audited annually by independant actuaries.
You will be appointed a Funeral Director who is local to you and this can be changed if you move
The Silver Clouds plan includes:
- 100% of the Funeral Director’s fees covered for all of their services at your funeral
- Help and advice with all the registration, documentation and certification for your funeral
- 24 hours removal from the place of death to the Funeral Director’s premises within 40 miles
- Complete care of the deceased prior to the funeral
- Provision of your coffin
- Viewing at the chapel of rest
- Attendance of the conductor and four pall bearers on the day of your funeral
- Provision of the hearse tfor transportation of the coffin in the funeral procession to the ceremony
- Return of cremated remains if applicable
- A dedicated on-line memorial page including on-line donations
One off payment of £2250 inc v.a.t
£250 upfront and then 12 months interst free of £166.67
£250 upfront and then 18 months interest free of £111.11
£250 upfromt and then 24 months interest free of £83.33
£250 upfront and then 36 months interest free of £55.56
£250 upfront and then 60 months at £38.33
£250 upfront and then 84 months at £28.81
You don’t have to worry about how old you are because you can apply for a plan at any age, and there are no health or intrusive medical checks to take. You’ll be guaranteed acceptance and be able to have the peace of mind that Silver Clouds plans provide.
We are happy to answer any questions that you may have and are happy to assist you through the whole process to ensure everything is clear and right just for you.
*Exclusion to article 59 of the RAO
Article 60 of the RAO provides an exclusion which relates to the application of the funeral plan contract to either a contract of whole life insurance or on Trust.
Article 60(1) of the RAO states that this exclusion is applicable when the provider either;
a) undertakes to secure that sums paid by the customer under the contract will be applied towards the contract of whole life insurance on the life of the customer, effected and carried out by an authorised person who has permission to effect and carry out such contracts of insurance, for the purpose of providng the funeral; or
b) undertakes to secure that sums paid by the customer under the contract will be held on Trust for the purpose of providing the funeral and that the following requirements are or will be met with respect to the Trust:
(i) the Trust must be established by a written instrument;
(ii) more than half of the Trustees must be unconnected with the provider;
(iii) the trustees must appoint,or have appointed, an independant fund manager who is an authorised person who has permission to carry on an activity of the kind specified in article 37 of the RAO, and who is a person who is unconnected with the provider, to manage the assets of the Trust;
(iv) annual accounts must be prepared, and audited by a person who is eligible for appointment as a statutory auditor under part 42 of the Companies Act 2006, with respect to the assets and liabilities of the Trust; and
(v) the assets and liabilities of the Trust must, at least every three years, be determined, calculated and verified by an actuary who is a Fellow of the Institute of Actuaries or the Faculty of Actuaries
Click here to download a PDF
If you would like to include the complete cost of your funeral or burial including any Doctor's fees and Minister's fees you can either add on this package when you arrange your Silver pre-paid plan or you can upgrade at any time in the future.
Click here to download a PDF