Funeral Top-Up

A straightforward plan with fast payout, so your loved ones don’t have to worry

You can supplement your existing prepaid funeral plan with our Payable on Death cash plan. This will ensure loved ones have an inflation-linked cash sum, paid out before probate, to pay towards items and expenses not included within your prepaid funeral plan.

It is this straightforward

  • Select the plan amount
  • Pay by a single payment or by a number of equal monthly instalments
  • The plan earns inflation-linked interest
  • On death the inflation-linked cash sum is paid out before probate, direct to the recipient you have nominated

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Here is a list of items typically not included in a Prepaid Funeral Plan along with their average costs.

Memorial headstones £916
Flowers £149
catering £444
Venue hire £397
Minister fees (depending on plan) £155
Choir £100
Organist £50
Death notice £85
Order of Service sheets £63
Limousines (depending on plan) £319
Doctor’s fees £164
Only a contribution is paid
towards burial or crematorium
fees, some plans pay nothing
Unknown
Special requests Unknown
Repatriation if abroad If required
Embalming If required
Coroner’s fees If required
Total £2,842

Total excludes unknown and if required items.

Source: Some of the data from Money Advice Service

Unique benefits of our plan

  • Pay money in and on death the plan pays out a cash sum direct to the recipient you have named.
  • You never pay in more than is paid out.
  • The plan is paid out within 24 hours of a payout request, before probate as it is outside your estate, so it is there when it’s needed.
  • The plan locks in today’s prices as it is inflation-linked.
  • The recipient does not have any rights to the cash sum until your death.
  • You can change the recipient at anytime.
  • You can cash-in your plan at anytime.

Cost and Payout Comparison

Over 50 Life Insurance v Bequest Direct Inflation-linked Cash Plan

Compare SunLife Bequest Direct
Inflation linked payout
Never pay more than paid out
You can cash your plan in
Paid out direct to recipient

Select a plan amount to cover additional expenses your Prepaid Funeral Plan excludes.

  • £1,000
    • Single payment £1,000
    • Pay monthly from £4.17 a month

    Select this plan to arrange for a £1,000 Inflation-linked cash sum to be paid to a nominated recipient on your death to pay towards additional items and expenses not included in your Prepaid Funeral Plan.

    You nominate the recipient during the sign up process.

    Examples of future payout

    • 10 years £1,240
    • 20 years £1,480
    • 30 years £1,720

    Assuming 2.4% yearly inflation and paid by single payment

  • £1,500
    • Single payment £1,500
    • Pay monthly from £6.25 a month

    Select this plan to arrange for a £1,500 Inflation-linked cash sum to be paid to a nominated recipient on your death to pay towards additional items and expenses not included in your Prepaid Funeral Plan.

    You nominate the recipient during the sign up process.

    Examples of future payout

    • 10 years £1,860
    • 20 years £2,220
    • 30 years £2,580

    Assuming 2.4% yearly inflation and paid by single payment

  • £2,000
    • Single payment £2,000
    • Pay monthly from £8.33 a month

    Select this plan to arrange for a £2,000 Inflation-linked cash sum to be paid to a nominated recipient on your death to pay towards additional items and expenses not included in your Prepaid Funeral Plan.

    You nominate the recipient during the sign up process.

    Examples of future payout

    • 10 years £2,480
    • 20 years £2,960
    • 30 years £3,440

    Assuming 2.4% yearly inflation and paid by single payment

  • £2,500
    • Single payment £2,500
    • Pay monthly from £10.42 a month

    Select this plan to arrange for a £2,500 Inflation-linked cash sum to be paid to a nominated recipient on your death to pay towards additional items and expenses not included in your Prepaid Funeral Plan.

    You nominate the recipient during the sign up process.

    Examples of future payout

    • 10 years £3,100
    • 20 years £3,700
    • 30 years £4,300

    Assuming 2.4% yearly inflation and paid by single payment

To see all our Inflation-linked Payable on Death cash plan amounts click here

Our straightforward Payable on Death Plan has considerable benefits compared to Over 50 life Insurance

Over 50 life insurance premiums are paid monthly for life or at least until 90 years old. The longer you live the more monthly payments you would have to pay but the payout stays the same. In real terms the value reduces as inflation rises. They have no cash in value, so if you stop paying you get nothing back.
Compare SunLife Bequest Direct
Inflation linked payout
Never pay more than paid out
You can cash your plan in
Paid out direct to recipient
Sally is £1,450 better off

Sally, 70 from Leeds

If Sally takes out a plan at 70 and lives to the UK Office for National Statistics official life expectancy age for a 70 year old woman compare what she would pay in and what would be paid out with;
  • SunLife £2,023 Over 50 Life Insurance policy.
  • Bequest Direct £2,000 cash plan.

Illustration assumes a yearly inflation rate of 2.4%.

SunLife

Payment term & amount

£15.00 a month for life

Total paid in

£3,195

Total paid out

£2,023

Bequest Direct

Payment term & amount

£13.88 a month for 12 years

Total paid in

£2,000

Total paid out

£2,278