Funeral bonds are another way of saving for funeral expenses.
You pay a deposit then make regular payments over time, and your money grows in value with interest. The money can only be used for your funeral. You can’t take it out earlier.
Many funeral bonds let you choose a funeral director. Or, you can let your family choose one at the time of your death.
You can buy a funeral bond from a funeral director, a friendly society or a life insurer. They are not widely advertised, so you will need to ask specifically for a funeral bond.
Make sure you read the Product Disclosure Statement and understand the costs before you sign up.
TIP! Funeral bonds and prepaid funeral plans aren’t part of the Age Pension assets test. See funeral bonds and prepaid funerals on the Services Australia website.
About eziFunerals
eziFunerals supports individuals and families coping with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company. We are not part of any other funeral company.
Our member Funeral Directors operate in Sydney, Melbourne, Brisbane, Perth, Adelaide and Australia wide. They are chosen for their knowledge, quality, service, personalisation and experience. They go above and beyond, and will take the time to support the family.
For more information or to make contact with a trusted Independent funeral director, call eziFunerals on 1300 236 402 or visit www.ezifunerals.com.au.
Peter Erceg
Peter Erceg is the Owner and Founder of eziFunerals. He has had a long history within the funeral industry, and is a published author of ‘What Kind Of Funeral: A self help guide to planning a meaningful funeral’. Prior to eziFunerals, Peter worked in the public sector and health industry for more than 30 years. The views and opinions expressed on posts are those of the author and do not necessarily reflect the opinions of eziFunerals and members.
