What Happens To My Money?
What happens to my money?
When you purchase one of our funeral plans, you can relax, knowing that your money is ring-fenced for your funeral.
The value of your funeral plan (excluding the initial administration fee and any payments to insure the plan if paying by instalments of two or more years) is held in a whole of life assurance policy and used for your funeral when the time comes. The money is made immediately available at the time of need and the funds cannot be used for anything other than your funeral for total peace of mind.
Our arrangement for holding funeral plan funds ensures that if, in the unlikely event, your funeral director ceased to trade, your funeral plan pre-payment would continue to be held by Ecclesiastical.
If we were unable to meet our liabilities, you or the covered individual (or their estate, if the covered individual has died) may be entitled to compensation from the Financial Services Compensation Scheme (FSCS). The FSCS is an independent body which provides protection if we go out of business. You can find further information at www.fscs.org.uk or read more here.
For more information please call us on 0800 055 6503 or speak to your local funeral director.
Terms and conditions apply to funeral plans.