Based on a new study, it seems that the cost of dying is rising at a faster rate than the cost of living. SunLife’s 2016 “Cost of Dying” report has found out that the basic cost of a funeral has risen by a staggering 8.3% to £8,802. The costs include probate, headstones, flowers and of course the cost of the funeral.
The average cost of a basic funeral has increased by 5.5% to £3,897, more than twice the funeral cost when SunLife started tracking prices in 2004. The major reason for the increase in funeral cost is cremation or the burial fee which is considered as the 2nd largest expense that grieving families have to pay during a funeral.
The average cost of cremation services in the United Kingdom has increased by 6.5% or £733 while cost of burial is estimated at £2,000, a 7% increase. In many instances, people do not give a care about their funeral and what is supposed to happen when they are no longer alive. However, planning ahead will save the family from worries and additional expense.
A simple way to protect the family from the increasing costs of a funeral service is the pre-paid funeral plan that provides an individual with control over the funeral arrangements. It also has the advantage of knowing what will happen when you are no longer present to take charge. Since the average cost of a funeral is fast rising due to inflation, a pre-paid funeral plan will ensure that the cost of funeral services will be based on today’s prices.
According to SunLife’s report, at least 41% do not even know the preferences of their loved one whether they want to be buried or cremated and what type of coffin to choose. This uncertainly causes undue stress on the family when it is time to decide.
During difficult times, your best option is Funeral Directors in Sydney who will help you carry out the correct choices. You will have the assistance of a funeral director when making difficult decisions to allow you to concentrate on grieving for the lost member of the family.