Do you have an Over 50s policy?
Some people choose to take out an Over 50s Life Insurance policy to help cover the cost of their funeral.
Over 50s life cover provides a fixed lump sum on your death, but there is no guarantee that it will cover the full cost of your funeral.
Our research found that over half of the people who intend for their policy to pay for their funeral are unaware that there could be a shortfall.
With the average shortfall for funeral costs being £1,525, this could leave the family left behind with a large amount of money to contribute towards the cost.
We want to do right by families that find themselves in this situation by giving a discount of £300 towards our costs when choosing the Co-op to arrange the funeral. And we’ll increase this discount to £400 if the person arranging the funeral is a Co-op member.