The First UK Prepaid Funeral Plan That Includes a Wake Fund Package.
Silver Choices, As a Leading UK Prepaid Funeral Plans Comparison website, has today launched the first exclusive prepaid funeral plan in the UK to include a fund that is paid to the next of kin of a funeral plan holder, to pay for the cost of a celebratory wake, that ensures that the family can properly celebrate the passing of their loved one.
The plan has is known as the PLUS plan and has all the benefits of a normal prepaid funeral plan, but in addition it includes the wake fund package and a full later in life planning review, which assists the plan holder with setting up a Will and a lasting power of attorney.
Funeral Plan PLUS Wake Fund.
The wake fund package has no limitations, it sits within the client prepayment funeral plan and grows in line with inflation. So if the funeral plan is taken out by the over 50’s and they then go on to live a long life, the wake fund, like the funeral plan fund, will have grown inline with the UK RPI and Guarantees to provide sufficient funding to cover the funeral, associated costs (Minus burial plot) and will deliver sufficiently to provide for a proper send off after the funeral. The wake fund has no conditions dictating how the money should be spent, the next of kin are free to choose to celebrate as they see fit. This can be at home with outside caterers, in a restaurant, pub, hotel or anywhere else that they choose. Knowing that the funds will be in place, allows for future planning of a wake and if additional elements like special food or venue are required, the family can choose to add to the fund at the time if they like.
Later In Life Planning Review Included.
In addition, within the prepaid funeral plan PLUS package, the plan holder receives an independent and confidential expert later in Life planning review. This includes guidance that helps with setting up or refreshing of a Will and Setting Up a Lasting Power Of Attorney (LPA) and other aspects that may come to light during the review.
With the majority of people expected to live much longer lives comes additional issues, late onset health conditions like Strokes, Altzeimer’s, Parkinson’s, Dementia and many other mind effecting conditions or diseases, can leave anyone with mental health issues that mean they can no longer make decisions regarding our financial or legal affairs.
Arranging a Lasting Power Of Attorney protects both the plan holder, but also their spouse/partner and family. If a person is judged to no longer be of sound mind, then decision making without an LPA having been set up, will be provided in the UK by the court of protection. This can mean that access to bank accounts, savings accounts, pensions or making decisions on legal matter is taken out of the persons and their loved ones hands.
Establishing a Lasting Power of attorney provides a safety net, giving the nominated person (Usually the next of kin or the plan holders children), the ability to take over their Financial/Legal affairs. This enables loved ones to make the right decisions for that person, based upon understand what the person effected would have wanted. Simple things like withdrawing money to pay for care, can be painful and take weeks or even months, whilst a court decides if it is the right thing to do and this is not always done in the best interest of the person involved.
To find out more about the new and Exclusive Prepaid Funeral Plans PLUS package, simply go to our comparison website by clicking the above link, fill out the form and you will receive an information and UK funeral plans comparison presentation, with a complimentary copy of the UK Later In Life Planning Guide.