Sun Life Funeral Plans.
Sun Life Funeral Plans are an altogether better option than the Sun Life Over 50 Plan. That doesn’t mean that they are good, just that they are a great deal more fit for the purpose of burying people than Over 50 insurance plans!
Sun Life Funeral Plans used to offer two versions of the Coop Funeral Plan. But the have changed to Golden Charter. In some respects that is an improvement and in others it is not. But at the moment there is no way they are going to be a Best Buy, in our view.
Sun Life also offer their over 50s insurance plan. We don’t like that type of plan at all. Find our why we don’t here.
Sun Life Funeral Plans come in 3 flavours:
The Sun Life Standard Funeral Plan costs £3,625.
It is a basic plan – collection during office hours only, no bereavement advice, no family viewing.
The Sun Life Select Plan costs £3,995.
It adds a posher coffin, one limousine, family viewing, advice about bereavement counselling.
The Sun Life Premier Plan costs £4,540.
Adds a posher coffin and an additional limousine.
Sun Life Funeral plans cover most features of a traditional funeral. They do not include flowers, catering, order of service cards, burial plot or headstone. Unusually a service is NOT INCLUDED before the burial or cremation. Nor any specific requirements at the crematorium, such as an organist or choir. If you would like your funeral director to arrange any other services not already included in your plan, these can be arranged for an extra charge.
There are two different ways to pay for a Sun Life Funeral Plan.
You can pay in one go or you can pay monthly with a life insurance policy.
How is my money protected?
- If you pay in one go – When you take out a Funeral Plan from Golden Charter, you have the reassurance that the money is protected. The money you paid is held in the Golden Charter Trust, which is managed independently. The Trust ensures that the money to meet the cost of your funeral services is secure and that your funeral will be provided when the time comes.
- If you pay monthly with life insurance – You are protected by the Financial Services Compensation Scheme (FSCS) of which AXA Wealth Ltd is a member. This means that if AXA Wealth Ltd cannot pay the cash sum due when you die, your next of kin could claim 100% of the cash sum from FSCS, to pay towards your funeral. If there is a shortfall, any remaining costs will need to be met by your next of kin.