London, United Kingdom (PressExposure) December 24, 2009 -- Research from Age Concern Funeral Plans reveals that from 1997 to 2008 funeral costs increased by over Â£1,300** and are predicted to rise to Â£3,794 by 2014*.
It is thought that many people put money into a savings account when planning for a funeral rather than taking out a funeral plan. However with interest rates at an historic low of just 0.72%***, and funeral costs on the increase, Age Concern Funeral Plans is urging people to think ahead when it comes to planning for their funeral, to avoid leaving a financial burden on loved ones.
By taking out a Funeral Plan, people could save over Â£1000*** in just 5 years, rather than trying to cover ever-increasing funeral costs using a savings account.
Sharon Dobson from Age Concern Funeral Plans said: âWith current saving rates at an all-time low and the cost of a funeral increasing year on year, it is more important than ever to think about planning ahead. As our research shows, as well as helping to relieve some of the emotional stress for loved ones, you can also help to alleviate their financial burden by taking out a funeral plan.â
In this time of financial uncertainty, funeral costs have been rising faster than inflation due to various factors such as increased cremation fees, the rise in energy costs and local councils no longer subsidising the cost of cremation fees, which they did for many years****.
The Age Concern Guaranteed Funeral Plan is available to anyone aged over 50 years and offers three package plans - Emerald, Ruby and Sapphire - to suit varying wishes and different budgets. By taking out an Age Concern Funeral Plan, you can pay cremation funeral expenses in full at todayâs prices. Thereâs no need to worry about rising funeral costs in the years ahead - your cremation funeral is guaranteed to be coveredâ no matter how far in the future it is needed.
To find out more about Age Concern Funeral Plans, call 0800 022 3245, visit your local Age Concern, or log onto: [http://www.ageconcern.org.uk/funeralplans].
To find out more about Age Concern funeral plans, visit us online at [http://www.ageconcern.org.uk/AgeConcern/funeral_plan.asp]