How funeral plans from Golden Charter can enhance your client offering and help your clients prepare for the future

There are products on the market that can be used to offer provision for funeral costs. Only a funeral plan guarantees to ensure that the money will be available at the time of need and guarantees the cost of the funeral director services included in the plan once the plan is paid for*. A funeral plan helps guard against the rising costs of funerals. The average cost of a funeral is now £4,078**, an increase of 112% since 2004.

The funds from many insurance products may not be available at the time of need which can place undue stress on families at a difficult time.

It only takes one phone call at the time of need to activate a funeral plan. Your clients can choose the funeral they want and fix the cost of the funeral director’s services included in the plan at today’s prices.

Why not offer an underwritten whole of life policy?
An underwritten whole of life policy often has a lengthy application process with health and lifestyle questions including the need for a medical report from a GP and there is no guarantee of acceptance. By contrast, our application process should only take 30 minutes to complete, there are no health or lifestyle questions and acceptance is guaranteed.

Why does your client need a funeral plan if they have other provisions in place?
Your client may have another product in place such as life assurance and this is usually arranged to pay out a lump sum on the death of the policy holder and to possibly repay an outstanding debt. The policy is likely to finish when a mortgage is repaid or when the policy holder reaches retirement age and this may mean that there will be no provision for their funeral costs.

Over 50’s insurance policies usually pay out a fixed sum, but don’t guarantee to cover the funeral director’s costs in the future. Even if your client has savings that will cover the cost of the funeral, it is a possibility that no lump sum will be available outside of probate to cover it and the savings may not keep pace with funeral inflation.

It’s a difficult conversation to have
No one likes to think about their own mortality, meaning it can be a sensitive conversation to approach. It’s worth bearing in mind that you already have many conversations around the subject when you are discussing whole of life or other life cover policies and funeral plans are simply a follow on from this.

Enhance your product range
A Golden Charter Funeral Plan can complement your existing product offering and ensure you are offering your clients a full and comprehensive range of products to suit their needs. The opportunity is there for you to easily help your clients plan ahead in return for attractive commission.

Golden Charter’s easy application process
With a funeral plan we keep everything as easy and straightforward as possible and you’ll receive a £500 introducer’s fee for each funeral plan sold (excluding the Value Plan)***.

Alternatively, if you prefer, you can refer your client via The Right Mortgage referral service and earn £250 for each plan sold.^

For more information, please contact our Sales Support Team on 0800 145 6520 or www.goldencharterintermediaries.co.uk

*Or after 2 years’ consecutive payments, when paying by Fixed Monthly Payments
** SunLife Cost of Dying report, 2017
***Value Plan commission £240
^Value Plan referral commission £100