Paradigm Protect has announced a new relationship with Golden Charter.

Golden Charter is a funeral plan provider and has been added to Paradigm’s provider panel with immediate effect. Members, following an induction training session, will be able to offer their clients access to their range of funeral plans.

Golden Charter has committed to providing initial face-to-face training for Paradigm members plus a range of ongoing support.

Paradigm members can now add this product to their proposition, offering a funeral plan which has a short application form, no medical question or GP reports requirement, no underwriting and a variety of flexible payment options. Every single client is guaranteed to be accepted.

Mike Allison, head of protection at Paradigm, said: “At Paradigm we are always looking for ways to help our members diversify their client offering whilst increasing their revenue. The simple economic facts show that the average cost of a funeral continues to grow – by 2026 it is estimated that the average funeral could cost over £7,000. Many individuals do not make any financial provision for their funeral costs however with a funeral plan they can ensure that all such arrangements are taken care of.

“Our members, with the support of Golden Charter, can now cover off this potential need with a quality solution. We will be working with Golden Charter to help members unlock this new opportunity for business growth and help clients prepare for the future.”

Mike Jones, senior development manager at Golden Charter, added: “We are delighted to have teamed up with Paradigm to promote Golden Charter Funeral Plans. We are excited to be working with Paradigm and its adviser network and look forward to continue to build a strong relationship with them.

“More than half a million people have taken out a funeral plan with us and we work with over 3,000 independent funeral directors giving  clients the widest choice and a genuinely personal service for their families when it matters most.”