There is no moratorium period but:
1This section is relevant to any instalment payment funeral plan which requires payments to be made over a period of more than 24 months. This may include a funeral plan contract under which the customer is required to make payments until the covered individual reaches a certain age or on a regular basis until the time of the covered individual’s death.
1The effect of FPCOB 13.2.2R is that the death of the covered individual (other than by reason of an accident) within the moratorium period is treated as a cancellation of the funeral plan contract (unless the customer and firm have agreed for sums outstanding to be paid under FPCOB 13.2.3R). In this case, any instalments paid by the customer must be returned without deduction to the customer or (where the customer is also the covered individual) to their estate.