How Compare Funerals keeps your money safe
With a funeral plan purpose trust, your funds are protected to safeguard your money until it is needed
Planning ahead for your final wishes is a deeply personal decision, and more people are choosing to do so for the peace of mind it offers. Among the most straightforward and affordable options now gaining popularity in Spain is the Direct Cremation Plan, available from just €2,250.
Compare Funerals offers this and other tailored plans to suit a wide range of preferences and needs. But an equally important consideration is how your money is protected once you’ve made that decision. Here’s how Compare Funerals ensures your funds remain safe, secure and accessible when needed.
How the trust works
At the heart of Compare Funerals’ financial security is the Compare Funerals Purpose Trust, a separate and independent legal structure created solely to safeguard clients’ funeral plan payments.
Independent and secure
The trust is legally distinct from Compare Funerals itself. This separation ensures that even in the unlikely event the company ceases trading, your money remains protected and untouched.
Managed with care
Once you make a payment, the funds are deposited directly into the trust. They cannot be accessed casually or for any other purpose than the one agreed upon, covering the cost of your funeral services.
When and how funds are released
Funds can only be released under two circumstances:
- Upon death: Once a death certificate and invoice from the funeral home (‘tanatorio’ in Spanish) are submitted, the funds are paid directly to the funeral director
- Upon cancellation: Should a client choose to cancel in writing, the money will be refunded (minus any applicable fees)
What happens if the business closes
Because the trust is fully independent, you don’t lose your money in the unlikely event that Compare Funerals were to close. You can either transfer your plan to another provider or request a refund to make your own arrangements.
Lasting peace of mind
The trust exists to guarantee that your money will always be available when your family needs it most. It’s a structure built for transparency, security and reassurance.
The value of a funeral plan over insurance
While both funeral insurance and prepaid funeral plans can offer peace of mind, Compare Funerals believes that a plan offers more predictability and care.
- Fixed pricing: Funeral plans lock in today’s prices, protecting you from inflation and unexpected costs in the future.
- Complete support: From the moment the plan is taken out, Compare Funerals manages the entire process on your behalf, organising the funeral, speaking with providers and ensuring your specific wishes are respected.
- No surprises, no hidden clauses: There are no legal loopholes or small print. What’s agreed is what’s delivered, and the company prides itself on direct, human communication without automated systems.
- Emotional relief for families: Perhaps most importantly, funeral plans reduce stress and responsibility for grieving family members, allowing them to focus on healing rather than logistics.
Questions to ask when comparing funeral plans
Compare Funerals encourages clients to thoroughly assess different providers. When comparing plans, consider asking:
Is IVA/VAT included in the quoted price?
Is the price fixed, or could it increase with inflation?
Are your payments placed in a secure trust?
What interest is charged if paying in instalments?
Does the plan cover you if you die elsewhere in Spain or abroad?
Is there English-speaking support at all times?
The growing popularity of the Direct Cremation Plan
One of the most cost-effective and increasingly popular options is the Direct Cremation Plan, which starts from just €2,250. It offers a simple, dignified service without ceremony, perfect for those who prefer a minimalist approach or want to leave room for a private family memorial later.
To explore whether this plan, or any other, suits your circumstances, visit the Compare Funerals website or contact the team directly. Their advisers are ready to help you select a plan that meets both your needs and your budget.
By offering transparent pricing, English-speaking support and a legally protected trust structure, Compare Funerals gives you confidence that your final wishes will be honoured, and your money will be there when it matters most.
