How will you cover the cost of your funeral?

Research carried out by Opinium on behalf of the British Senior Insurance Agency, found that one in three Brits don’t know how they will cover the cost of their own funeral.

The study found that almost half (45 percent) have made no financial provision for their funeral. This is particularly true of Liverpudlians who geographically are the least prepared, those in Cardiff are generally the most prepared.

Further to this, across major UK cities, a quarter say they had no choice but to get into debt to pay for a family member’s funeral.

The research indicates that between now and 2027, a sixth will have to use their salary to pay for a loved one’s funeral and others will turn to pay day loans or take on credit card debt to cover the cost of a loved one’s funeral.

Read more about this research here.