Debt management could help cover funeral costs
Debt management could help cover funeral costs
- Wednesday, 9 September 2009The cost of dying has risen to over £7,000, a recent report has revealed.
According to Sun Life Direct, the average cost of death has risen by more than 40 per cent over the past five years to £7,098.
In the midst of a recession, factoring in funeral costs can seem a daunting prospect, especially with the price increase.
Professional
debt management advice could help people adequately prepare.
Speaking to the Guardian newspaper, Mark Howes, managing director of Sun Life Direct, said: "As funeral prices are predicted to increase, it's important that people think about putting the right provisions in place.
"Organising a funeral can be extremely stressful and painful, without the added worry of not being able to cover the costs."
In the past twelve months, the cost of a funeral alone has increased by 7.2 per cent to £2,733.
Just over half of people make provisions for their funeral before they die.
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