Funeral saving plans up as savers lose confidence
With savings account rates currently low and with many investors losing confidence in other types of savings and investments, there is one market which appears to be booming – the funeral plan market.
The Co-operative Funeralcare has recently announced that it has seen a 28 percent increase in like-for-like sales of funeral plans during the first half of 2009.
Experts believe the rise is due to two reasons: the first is because people are losing confidence in their normaly savings and investments and are concerned that they won’t have enough in their savings to pay for their funerals when they die.
