Co op Funeral Plan Reviews

 
  • Co op Funeralcare are the largest funeral director in the UK
  • Both Cremation and Burial plans are fully guaranteed
  • Funeral Plans start from £2,995

Before buying a plan read our reviews

Co op Funeral Plans Review - Key Points

 Registered and regulated by the Funeral Planning Authority (FPA)

Route to funeral service can be chosen by the family on 3 of the 4 plans

Offer 4 different levels of service

Both Cremation and Burial services are fully guaranteed (Burial plans do not include a burial plot)

The Co op funeral plan is available to anyone over the age of 18

Plans can be placed in joint names at no extra cost

Lack of flexibility with set prepaid funeral plans that cannot be changed or added to

Terms & Conditions refer to your payments being returned in the event of termination minus any ‘winding up costs’ which means the money won’t have kept up with inflation

 

Co op Funeral Plan Review - Details

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Co op Funeral Plan Review - Payment Options

You can pay for the Co operative Funeral Plan a number of ways; here is a summary of the options with prices shown in the table below. 

In Full / over 6 or 12 months – As with most plan providers this is the cheapest option – you can pay in full or over 6 or 12 months and you won’t incur any additional fees. 

Instalments – between 1 and 25 years dependent on age with no deposit. Payments must be complete by the maximum age of 80.  

Fixed Monthly Payment Plan – Available to anyone between the ages of 50 and 80. You pay a fixed amount per month which is based on your age and the level of service you choose. The monthly premiums are payable either for life or until the plan anniversary prior to your 90th birthday, therefore there is a chance you can pay in more than the actual cost of the funeral service. 

You are covered for the services included in the plan after the first two years; if anything were to happen during this initial two year period, you wouldn’t be covered for the funeral service however Co op funeralcare will return 120% of the premiums paid.

Payment Options

Simple Plan

Bronze Plan

Silver Plan

Gold Plan
Normal Price
£2,995
£3,395
£3,750
£3,999
Monthly Payment Options
12 Monthly Payments
£249.58
£282.92
£312.50
£333.25
5 Year payment period
£53.41
60.54
£66.88
£71.32
10 Year payment period
£29.45
£33.38
£36.88
£39.32
20 Year payment period
£17.47
£19.80
£21.88
£23.33

 

How secure is the Co operative Plan  

Co op Funeralcare is registered and regulated by the Funeral Planning Authority so therefore has to comply with their strict rules and code of conduct on the service you receive and most importantly how the money is held. 

When paying in full or by monthly instalments, your money is invested in a whole of life insurance policy that is managed by a reputable financial institution; authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.  

If paying by Fixed Monthly Payments, your money is invested in a whole of life insurance policy with AXA Wealth, which again is regulated by the Financial Conduct Authority (FCA).


coop funeral plans review

Co op Funeralcare - Company Review

Co operative Funeralcare is the largest Funeral Director in the UK with over 1,000 funeral homes throughout the country.

In addition to banking and food, the Co op has been offering its funeral services for over 80 years.

 

coop Funeral Plans - Our Verdict 

The feature that makes Co op funeral plans stand out is that it is one of only two companies that guarantee cremation fees and the only company to guarantee burial costs (you would need to purchase a burial plot for the latter as this is not included in the plan.) The plans therefore are very straightforward.

In addition they come with a wealth of expertise in the funeral industry however there has been some bad press over the years. 

The main points worth considering are that once you have bought a set plan, you cannot add to it or change it. You can upgrade it however this would be at the prices payable at that time.  

Also the clause in the terms and conditions which states that in the event of termination, the money you have paid into the plan is returned minus any winding up fees implies that the most you will get back will be the money you have paid for your plan in the first instance. If funeral costs continue to rise at a similar rate, this could mean that there are insufficient funds available to pay for your funeral service.

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