Money Box Live: Saving for Your Send Off
Summary
This episode of Money Box Live delves into the often-overlooked topic of saving for one's own send-off, revealing that while many make provisions, fully covering costs remains a challenge. Experts and callers discuss diverse options like green funerals, body donation, and the role of "coffin clubs" in empowering individuals to plan. The discussion highlights the importance of clear communication with family, understanding funeral plan regulations, and exploring cost-saving strategies to ease the burden on grieving loved ones.Episode description
A lot of us like to save up for special occasions - a holiday, some home improvements - but, as we grow older, more of us think about saving for the costs that come after we die.
In fact, 69% of people make some sort of provision to help with the cost of their funeral, according to the financial services firm Sunlife.
And it's a big bill - more than £9,000 if you want a funeral and a wake or even a party afterwards.
Today on Money Box Live, we'll be talking about what kind of send off you might want from, woodland burials to tradition services as well as how to pay for it.
This week Felicity Hannah is joined by solicitor Gary Rycroft and Julian Ferguson from the Association of Green Funeral Directors.
Presenter: Felicity Hannah Producer: Sarah Rogers Researcher: Eimear Devlin Editor: Jess Quayle
(First broadcast 3pm, Wednesday 11th October, 2023)