How funeral costs have risen
Many of our customers take out a Guaranteed Over 50 Plan to help loved ones cover funeral costs. Before choosing a premium and a cash sum for your Plan, you may wish to consider the cost of a funeral and how they have risen over the past few years.
The graph highlights how the average cost of a funeral has risen by £813* between 2004 – 2009. Although we don’t know what will happen to funeral prices in the future, it’s worth bearing this information in mind.
Funeral costs in your area
Funeral costs can vary from region to region. Take a look at the map below to see how much a funeral could cost in your area. This map highlights the cost of burials and cremations in different regions.
The prices you see don’t include special touches your family may wish to add such as flowers or catering, so your loved ones may have to find more money for these.
The funeral is just one expense
Our research on funerals shows that the average cost of a funeral could reach more than £4387† when you include these additional expenses:
- Flowers
- Headstone
- Newspaper Notices
- Reception and Catering
- Venue Hire
- Order of service
- Death Notices
Whatever your Guaranteed Over 50 Plan is used for, you should consider the effect inflation will have on the cash sum. Read more about how inflation has affected the real value of money over the last few years.
Source: *Average of quotes provided by a sample of funeral directors for standard arrangements. Mintel Research Consultancy, Average Funeral Pricing, August 2009.
† Source: Mintel Research Consultancy, Average Cost of Dying, August 2009.
These reports have been commissioned by, and produced exclusively for Sun Life Direct.