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What's included in a prepaid funeral plan? Your family will also likely have to pay some burial fees to open the grave. In both cases, youre putting away money so that your family wont have to pay for your funeral out of pocket. Martin Lewis advice on council tax bands as 400,000 pay too much The Independent 16:05 23-Feb-23. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This cookie is set by GDPR Cookie Consent plugin. That's because with Over 50's plans, the amount it pays out is fixed, so the longer you live, the more you pay in. Martin Lewis 'surprised' at angry replies to energy advice amid Martin Lewis - IMDb In fact the majority of our customers pay in less than is paid out when they die, but we do know our customers understand that they may pay more in than they get out, because in research 9 out of 10** of our customers say we explain this well in our literature. However, when my husband died, I took out another Guaranteed Over 50 Plan because I thought if I do that, my family will have less to worry about when I'm gone." In this guide, well take a closer look at Martin Lewis funeral plans advice so that you can make an informed decision about whether this is a good investment for you and your family. A spokesperson for Sainsbury's Bank said: "We offer a range of good quality, competitively priced products designed to give our customers choice. Feb 13 We're off air now until 21st Feb but we'll be back with a 90-minute live special, all about PENSIONS, so send us your Q's to martinlewis@itv.com. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. For more information, speak to a member of the team. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. If you have the funds available and want to protect your family, a funeral plan could be a good idea. your own funeral plan, the following summary will help you learn about some of