Plus Funeral Plan (UK)

The Plus Funeral Plan (UK) price of £4,245 compares to the current average price of an ‘at need’ funeral price should you require a similar funeral today.

At time of sale, Avalon will allocate your plan to a specific Funeral Director(s) and have negotiated a wholesale price for the costs of provision of your funeral. These wholesale costs to Avalon vary, for example, by region and plan type but on average are for this plan are £2,351.59 plus an annual adjustment to account for inflation, based on today’s prices.

Unlike the plan price you pay which is fixed, the at need price today is likely to rise with inflation each year until you need a funeral. These wholesale costs to Avalon are also uplifted for inflation each year.

Instalments within 12 months

If you pay by instalments within 12 months a deposit will be paid at the outset and the remaining balance will be split over the term. The minimum deposit amount will be specified in the specific Terms & Conditions of your plan. The monthly instalments will be paid by Direct Debit or Standing Order and no instalment charges apply.

We will not provide any of the products and services during the 12-month moratorium period unless your death is the direct result of an accidental death.

Should the plan holder’s death occur within the instalment period from any other cause, the plan holder’s family or Nominated Representative must pay the full outstanding balance of your Avalon Funeral Plan to be able to use the plan.

Should your Representative choose not to use your plan under these circumstances they can cancel your plan and receive a refund – see terms and conditions for details. Your Avalon Funeral Plan will provide the products and services detailed on the Plan Certificate once the plan has been paid in full.

Instalments over 2 years or more

If you choose to pay for your plan in instalments over a period of 2 years or more, you will need to pay a deposit when setting up the plan. The minimum deposit amount will be specified in the specific Terms & Conditions of your plan.

The maximum term for our UK plans is 15 years.

You have the option to pay for your Avalon Funeral Plan in instalments over a period of 2 years or more. The duration of your instalments depends on your age, but in all cases, the final instalment must be paid before your 80th birthday. For example, if you are 76 years old, you cannot choose a 5-year term, but you can opt for a 3-year term because all payments will be completed before you turn 80 years old.

An annual instalment charge is applied and included in each monthly instalment throughout the payment term. This charge covers various costs associated with offering you the ability to pay for the plan over time, including inflation protection and early death provision from the time you take out the plan. These costs are divided into three main categories:

• Loss of investment returns due to not receiving the full payment upfront.
• Administration costs related to payment processing and credit control.
• Costs associated with providing accidental and early death protection through the Avalon Promise.

The instalment charge is a fixed annual fee added to the initial balance of your plan. It is calculated as 5.2% of the full price of the plan minus any deposit paid. This amount is then multiplied by the number of years of instalments. The total is added to the retail cost of the plan, minus any deposit paid, and divided by the number of instalments to determine the monthly instalment amount.

For example, your Avalon Funeral Plan costs £4000, and you pay a £500 deposit, leaving £3500 outstanding. The annual fee would be 5.2% of £3500, which is £182. If you choose a 10-year term, you will pay an instalment charge of £1820 on top of the plan price. However, if you opt for a 3-year term, the instalment charge would be £546.

If we or you cancel your plan outside of the moratorium period, we will retain 50% of the instalment charge you have paid in addition to the cancellation fee. See plan cancellation section of your terms and conditions.

Paying off your plan in fewer years is generally cheaper, and you can reduce the term at any time to lower the instalment charge. Please note that the annual instalment charge is calculated based on the anniversary of your plan’s start date and is charged in full years. For example, if you have been paying for 3 years and 1 month of a 10-year plan and wish to pay it off completely, you will be charged for 4 full years of the instalment charge.

During the 12-month moratorium period, we will not provide any products or services unless your death is the direct result of an accident. If the plan holder passes away from any other cause within the moratorium period, the plan holder’s family or Nominated Representative must pay the full outstanding balance to receive the full benefits of the Avalon Funeral Plan. However, if the plan holder’s death occurs after the moratorium period but within the instalment period, Avalon will provide the full benefits of the Avalon Funeral Plan without requiring the family or Representative to pay the outstanding balance.