Silver Clouds Funeral Plans Reviewed 2019.
Silver Clouds Funeral Plans have a new range of plans on offer. As such, they have more ability to modernise their plans than some. You may consider that an advantage or a disadvantage! They have a wide range of plans ranging from Direct Cremation up to the Diamond Plan with funeral directors services, viewing if required, hearse, 2 limousines, a posher coffin and 4 bearers (and not just two) and a trolley plus an indexed allowance for third party costs – crematorium/ burial fees, doctor, minister or celebrants fees.
The other Silver Clouds Funeral Plans are:
- The Platinum Plan
This offers the same as the Diamond Plan but with a single limo and a normal coffin.
- The Gold Plan
Comes with two bearers and no following limo.
- The Silver Plan
Is effectively a starter plan for those who either can’t afford a full plan or perhaps are topping up one of the Over 50s Plans. It does NOT include anything towards the third party costs. What it does do is to pay the funeral directors fees. So it is a good start.
- The Bronze Plan is its Direct Cremation Plan.
These plans literally involve the undertaking the deceased away for cremation without any family involvement.
The Silver Clouds Funeral Plans Trust Fund.
The Silver Clouds Trust is totally ring-fenced from Silver Clouds Later Life Planning Ltd and is run by Independent Trustees. The trust company has no financial connection with Silver Clouds Later Life Planning Ltd.
Funds to pay for the funeral can only be released by the Trustees, this means that your money is fully protected under strict professional Trust rules. The purpose of the trust is to protect and grow payments from plan holders. This investment process is regularly reviewed to make sure growth is attained but in a controlled way.
No money is placed in a high-risk investment such as stocks and shares, the Trust mainly invests in Government Bonds and Secure Corporate Bonds which are regulated by the Financial Conduct Authority (FCA). Regular checks are also carried out by Independent Accountants and Actuaries to make sure that the funds are adequate to pay for future funerals.
Whether plans are by instalments or in full, all are paid directly into The Silver Clouds Trust and not to Silver Clouds Later Life Planning Ltd. This protects your investment and makes sure that it is invested in accordance with the long-term investment plan controlled by the independent board of trustees and not the directors of Silver Clouds Later Life Planning Ltd.
Payment for the funeral will only be made to the funeral director when the board of trustees receives the relevant legal documentation from them, a further protection.
Contact us to see if a Silver Clouds Funeral Plan might be right for you.
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