Golden Leaves funeral plans review
Golden Leaves funeral plans offer the widest choice of prepaid plans. In addition to their traditional plans, they also offer a range of green funeral plans and international plans for expats living in Europe.
Market insight: Golden Leaves plans are competitively priced, although unlike other providers they may charge more in some regions of the country where the average cost of a funeral is higher.
- Registered and regulated by the Funeral Planning Authority (FPA)
- Guarantees cremation and minister’s fees on the Silver, Gold and Platinum plans
- Plans can be put in joint names at no extra cost
- Offer international funeral plans if you are moving abroad
- Fixed monthly payment option comes with Overpayment Rebate Feature
- You are covered for your services after just one year with the fixed monthly payment plan
- Could be confusing as to which each plan offers so you need to be certain on the key features
- Two of the plans offer either a contribution or no allowance at all for third party costs which means there could be more for your family to pay
- There may be a charge if you move and have to change funeral directors
- Instalment options have a minimum deposit of £250
- High cancellation fee of 20% of money paid
- Plans come with a ‘Regional Variation Pricing’ warning which means you could pay more
Golden Leaves Funeral Plan Review - details
Golden Leaves Bronze Plan: £2,394 – Guarantees the funeral directors services but has no provision for the third party costs so these would need to be paid for when the times comes by the family.
Golden Leaves Zinc Plan: £2,859 – Guarantees the funeral directors services & includes a lower contribution of £940 for third party costs. The times of the funeral service are limited and chosen by the funeral director.
Golden Leaves Silver Plan: £3,364 - Guarantees the funeral directors services & includes £1,100 for third party costs. Includes a basic coffin & no limousine.
Golden Leaves Gold Plan: £3,719 - Guarantees the funeral directors services & includes £1,100 for third party costs. Includes a mid-range coffin & one limousine.
Golden Leaves Platinum Plan: £3,969 - Guarantees the funeral directors services & includes £1,100 for third party costs. Includes a quality coffin & two limousines.
In addition Golden Leaves offer a Copper Plan currently priced at £1,644 – This is a direct cremation that has no service or family present. The deceased is taken directly to the crematorium in a van with no one in attendance for cremation. There is also a lower third party costs contribution of £840 so there could be more to pay and additional fees are incurred for the collection of the deceased from home
Golden Leaves payment options
You can pay for Golden Leaves Funeral Plans a number of ways:
In Full / over 12 months – As with most plan providers this payment option is the cheapest way to buy a funeral plan. When spreading your payments over 12 months you won’t incur any additional fees but you do need to pay a £250 minimum deposit up front.
Instalments – Golden Leaves offer instalments over longer periods of between 1 and 5 years all with a minimum deposit of £250
Fixed Monthly Payment Plan – Available for anyone between the ages of 50 and 75. You pay a fixed amount per month which is based on your age and the level of service you require and a £25 deposit. You are covered for your funeral services after just one year, which is sooner than all other funeral plan providers who offer this payment type but you need to pay your premiums either for life or until the anniversary date of your plan prior to your 90th birthday.
How secure is the Golden Leaves plan
Golden Leaves is registered with 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.
For all payment options apart from the fixed monthly payment plan, your money is paid into the Golden Leaves Trust which is a completely separate legal entity to Golden Leaves, so if anything happened your money would be protected.
With the Fixed Monthly Payment option, your money is paid into a life insurance plan which is regulated by the Financial Conduct Authority.
Golden Leaves Company - review
Golden Leaves was launched in 1984 and now offers its funeral plans both nationally and internationally. In addition to their international funeral plan serving expats living in Spain, Portugal or Cyprus, Golden Leaves also offer a Green Funeral Plan for those looking for an eco friendly funeral service.
Our Golden Leaves review verdict
Golden Leaves now fully guarantee the cremation fees on 4 of their plan which is great news however some of the cheaper options do come with limitations meaning your family could possibly have more to pay. For example with the Copper plan, there are no fees for collection if you were to die in hospital but transportation from home or a nursing home comes with an additional cost of £250.
The information also states that although the Golden Leaves funeral plan prices are based on the UK average, funeral costs do vary throughout the UK so certain regions may charge more. The whole point of buying a funeral plan is to avoid these variations in funeral costs which makes this clause all the more troubling.
We recommend the Dignity funeral plan as they guarantee to fix ALL funeral costs listed in the plan which includes the funeral director's services and the cremation & ministers fees, so you can be sure that your family will have nothing more to pay.
You will never have to worry about rising funeral costs as they are guaranteed at the price you pay today - giving you peace of mind that everything is taken care of and when the time comes your family will only have to make one phone call.
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