If there is anything in life that is guaranteed to us, it’s death. It’s not something that is readily spoken about, but when you are planning your finances for your future, it’s something that will be a consideration. Beyond retirement and the freedom that comes with that, it’s good to stay prepared. The trouble is that most people fail to prepare for their futures correctly.

People don’t think about much in relation to death if they can help it, but you should be prepared for the financial cost. The one thing that is very common in the subject of funerals, death and dying, is that it is an expensive business. So how can you ensure that you have saved enough money for your retirement and beyond?


Experiencing losing a close relative and finding out that they haven’t purchased life insurance can make you think twice about the insurance that you have yourself. By preparing your finances and purchasing life insurance, you can ensure that you have covered yourself so that your loved ones don’t have to. The financial security of paying only a few pounds a month to an insurance plan can give you peace of mind for later on.


Believe it or not, a staggering rate of people do not have a pension in place other than the standard government issue. By opening a private pension alongside this, you can ensure an extra income to pad out your autumn years. This won’t just be helpful for day to day living costs, but for costs included in looking after your health. It should be a part of your monthly budget from a young age, and you can read here about them.

Last Will.

It’s a common mistake most make that they have not written a will. It doesn’t have to be an expensive venture, either. There are packs like this that you can buy to then be certified by the appropriate solicitor. It’s also worth learning from relatives about their own last will and testament. If a relative who has passed away is particularly wealthy, there could be issues surrounding their estate, which will call for a need for contentious probate solicitors to mediate and help you all come to an agreement. When there is a sudden death that you are not prepared for, the cost could potentially fall to you to pay for a funeral and a cremation, and there’s a good reason that funerals are a big business; they are not cheap!

Funeral Planning.

Trying to get the funds together to give a relative a respectful burial or cremation is difficult, especially if you live to a budget. Thankfully, there are a lot of programmes out there that can assist with funeral costs. There are some grants you can read about here that are available for those on certain benefits so that they can get some help to pay for the funeral in full. Choosing a cremation instead of a traditional burial can be cost-effective in the long run so find a plan that works for you.

When it comes to your own funeral, the key is to make sure you have the plans in place as early as possible. Open a funeral savings account and start getting the money together bit by bit to leave for relatives to access. You can also buy will kits from local shops and have them signed by a legal representative. Your death doesn’t have to cost your loved ones more than heartache, so make sure you plan for it.