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Ways To Pay For a Funeral Plan2026-03-09T17:33:50+00:00

Ways To Pay For a Funeral Plan

We offer a range of payment options for our Funeral Plans allowing you to find the right choice for you.

Planning ahead for your funeral can provide peace of mind for you and your loved ones. One important aspect of this planning is understanding the various payment options available for funeral plans. Here are some common methods:

  • Single Payment: You can pay for your funeral plan in a lump sum upfront. This option offers immediate coverage.
  • Monthly Payments: You can spread the cost of the plan over 5 or 10 years. This can make the financial burden more manageable; however, you may pay more than the value of the funeral depending on how long you live.

When considering payment options, it’s important to factor in your financial situation, preferences, and the specific terms of the funeral plan. Speak to one of our team to help you make an informed decision.

Single Payment in Full

This is a one time payment for the full amount of your chosen plan.
  • Single payment for immediate cover
  • 30-day cancellation period, then a £249 cancellation fee applies
  • If you cancel after 30 days, all money will be returned, less the cancellation fee
  • This is not a savings or investment plan

5 Year Instalments

This is a regular fixed premium paid monthly over 5 years.
  • The monthly payment won’t change
  • Accidental death cover from Plan Start Date
  • Fully covered after 12 months of continuous payments
  • No deposit is required
  • Your Plan is at risk if you do not keep up to date with your payments
  • Depending on how long you live, the amount you pay could exceed the initial Plan Value
  • This is not a savings or investment plan, and if you cancel after 12 months, no money will be returned

10 Year Instalments

This is a regular fixed premium paid monthly over 10 years.
  • The monthly payment won’t change
  • Accidental death cover from Plan Start Date
  • Fully covered after 12 months of continuous payments
  • No deposit is required
  • Your Plan is at risk if you do not keep up to date with your payments
  • Depending on how long you live, the amount you pay could exceed the initial Plan Value
  • This is not a savings or investment plan, and if you cancel after 12 months, no money will be returned

Fosters Funeral Directors is a trading name of Scotmid Coop Life Services Limited , which is authorised and regulated by the Financial Conduct Authority to enter into and carry out funeral plan contracts (FRN 966550). Scotmid Coop Life Services Limited is a wholly owned subsidiary of The Scottish Midland Co-operative Society Ltd (Company No. SP2059RS).

Get Your Free Funeral Plan Guide

If you are interested in finding out more about the Pre-paid Funeral Plans we offer you can contact us to discuss the our available range. One of our professional funeral arranges can guild you through the whole process. Alternatively, you can download our latest funeral plan brochure below.

Download Our Pre-paid Funeral Plan Brochure
free standard will

£1,585

free standard will

£3,999

Direct Cremation Plan

fully guaranteed funeral plan
Our Direct Plan provides a dignified and affordable unattended cremation with ashes scattered in the garden of remembrance, or returned to nearest Fosters.

Timeless Plan

Our Timeless Plan is suitable for both burial and cremation funerals with a service and includes a hearse and one limousine.

free standard will

£3,570

free standard will

£4,370

Simple Cremation Plan

Our Simple Cremation Plan is the most affordable way to have an attended cremation service for those who want a simple farewell without the extras, but it comes with some limitations.

Signature Funeral Plan

fully guaranteed funeral plan
A fully guaranteed pre-paid plan suitable for an attended cremation or burial funeral, which includes a modern hearse and two complimentary limousines.

Compare Our Pre-paid Funeral Plans

FAQs

What If I’m Not In Good Health?2025-11-20T10:53:32+00:00

So long as you meet our age and location requirements, we promise to accept your application regardless of your health.

If you paid in full, then you will be fully covered from the start date.

If you have chosen to pay for your plan by one of our monthly payment options, you will be fully covered after the moratorium period has passed, which is 12 consecutive monthly payments. If you die during the Moratorium Period, and it is the result of an Accident, you are fully covered, and the plan will be provided. However, if it’s not the result of an accident, a full refund will be made to your estate, which can be used towards a funeral.

Can I Take A Payment Holiday?2022-10-18T14:57:33+01:00

You cannot take a payment holiday, however, If You encounter difficulties in making payments during the Payment Term, it’s important You get in touch as early as possible. You can miss up to a maximum 2 consecutive payments without losing the benefits of the Plan.

What Happens If I Miss A Payment?2022-10-18T14:57:05+01:00

Your plan is at risk if you do not keep payments up to date. If you miss a payment you will be given the opportunity to bring your payments up to date. If you miss two consecutive payments we will send you a written statement and give you 10 days to rectify the payment shortfall. If the payment shortfall is not rectified within this time then we will cancel your plan and you may not be entitled to receive any money back.

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Any Questions?

Our dedicated team are available 7 days
a week to help you get started and answer any questions.
Call us FREE on:

0800 121 8090
Any Questions?

Our dedicated team are available 7 days
a week to help you get started and answer any questions.
Call us FREE on:

0800 121 8090

Fosters Funeral Directors is a trading name of Scotmid Coop Life Services Limited, which is authorised and regulated by the Financial Conduct Authority to enter into and carry out funeral plan contracts (FRN 966550). Scotmid Coop Life Services Limited is a wholly owned subsidiary of The Scottish Midland Co-operative Society Ltd (Company No. SP2059RS).

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0800 121 8090
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