How will the benefit provided by the Funeral Plan keep up with increases in funeral costs?
The Funeral Plan is reviewed in line with inflation, which is measured by the Retail Prices Index (RPI). We will review your premiums and benefit each year and inform you in writing about any changes to your policy. If cremation funeral prices rise beyond inflation in the future, then Dignity guarantees to cover the increased costs as long as you accept this review. Your premiums will increase by 1.5% for every 1% increase in your benefit. You can choose not to accept this review. In this instance, your premium and benefit will remain fixed at the value at that time and will provide a contribution towards the cost of a funeral. Learn more about what’s included in The Funeral Plan.
The Funeral Plan is reviewed in line with inflation, as measured by the Retail Prices Index (RPI). We will review your premiums and benefit each year and inform you in writing about any changes to your policy. If cremation funeral prices rise beyond inflation in the future, then Dignity guarantees to cover the increased costs as long as you accept the annual reviews. Your premiums will increase by 1.5% for every 1% increase in your benefit. You can choose not to accept this review. In this instance, your premium and benefit will remain fixed at the value at that time and will provide a contribution towards the cost of a funeral. Learn more about what’s included in The Funeral Plan. If RPI exceeds 10% when we review your plan, the most your benefit amount will increase by is 10%. In this case, the premium will not increase by more than 15%. If RPI is 0% or less when your plan is reviewed, there will be no change to your benefit amount or premium until at least the next annual review.
