There is a big push by some funeral companies to tout the benefits of the pre-paid plans in Adelaide, South Australia they sell. They urge customers to pay for their own funeral in advance—in order to spare their loved ones the trouble and expense and lock in current prices.
Although these companies will always tell you about the pros of prepaid funeral plans in Adelaide, there are also lots of cons that you should be aware. But don’t just take our word for it!
The recent Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry (the Royal Commission) raised some serious findings relating to some prepaid finance products.
Choice, Australia’s leading consumer advocacy group, has claimed that some funeral providers are unfairly profiting from Australians who purchase pre-paid plans. “Australians don’t always get the full benefits when it comes to prepaid plans,” Choice’s investigative journalist Saimi Jeong said.
The Australian Securities and Investments Commission’s Moneysmart website also cautions that prepaid funerals can be inflexible and it may not be possible to get your money back once you’ve paid for your funeral, should you change your mind later.
What are the risks of prepaid funerals
The truth is that it is usually not wise to pay ahead in Adelaide, South Australia. No matter how attractive the business makes it sound, there are serious drawbacks to prepaid funerals in Adelaide that companies will not tell you about.
Things you should consider:
- If you cancel, move or change your plan, you may not receive a full refund.
- The money you pay for funeral arrangements now won’t be available for emergencies later.
- Money spent today may not cover future funeral costs, which could result in the use of cheaper products or requests for additional money.
- Family members may not be aware that funeral costs have been paid, and may pay at a different funeral home.
- If you die interstate and your family employs another funeral home there, it may be difficult to get a refund.
- By the time of your death, the funeral home may have a poor reputation, or be out of business entirely.
Are there better options?
There are much safer and better alternatives to prepaid funerals, such as setting up a special bank account, recording your funeral wishes (pre-need planning) and shopping around. These options reduce the risk of losing your money and provide your family with much greater control when the time comes.
Set up a Funeral bank account
According to Moneysmart, the simplest way to pay for your funeral is to save up for it. Set up a term deposit or savings account separate from your everyday bank account. Remember to tell your family and beneficiaries about it so they can use your savings to pay for your funeral. (Don’t nominate a funeral director as a beneficiary).
Record your funeral wishes
With eziFunerals, you can record your funeral wishes in advance by filling out a pre-need planning form. You can then store it in a secure Dashboard. You can also appoint your funeral guardian/s. Most importantly, be sure to tell your family about your plan. Walk them through every detail. Give them copies of your written funeral wishes.
Shop around and get quotes
By comparison shopping, you can make reasonably priced funeral arrangements, without setting aside large sums of money or prepaying anything. eziFunerals helps you get detailed quotes from several multiple homes —and compare prices. You’ll see big price differences for essentially the same goods and services. Visit our list of independent funeral homes, and choose the one you like best.
Your family will have to make choices after you die and you cannot just prepay these choices away.
You and your family will enjoy greater peace of mind, if you just simply plan ahead without the need to pre-pay your funeral up front. By planning your funeral in advance, your family will be more empowered to shop around and make your funeral arrangements much easier. But if you decide to pre-pay your funeral in advance, be very cautious and read the contract.
|FUNERAL DIRECTOR NAME||ADDRESS|
|Affinity Funeral Service||488 Brighton Rd, Brighton SA 5048|
|All Suburbs Funeral Services||Brighton SA 5048|
|Australian Funeral Directors Association||Highbury SA 5089|
|Barossa Funerals||1 Petras St, Tanunda SA 5352|
|Barossa Valley Funerals||4 New Rd, Nuriootpa SA 5355|
|Bassham Helen||49 McIntyre Rd, Para Hills West SA 5096|
|Berry Funeral Directors||200 Magill Rd, Norwood SA 5067|
|Bradtke O E & Sons Pty Ltd||3 Edward St, Loxton SA 5333|
|Butterfield P C & G L||76 Wood Tce, Whyalla SA 5600|
|Carr & Kleemann Funeral Directors||1 Morphett St, Mt Barker SA 5251|
|Carr & Kleemann Funeral Directors||1 Morphett St, Mt Barker SA 5251|
|Ceduna Funerals||51 Poynton St, Ceduna SA 5690|
|Cemetery Payneham||45 Marian Rd, Payneham South SA 5070|
|Chapel of the Holy Family||6 Briar Rd, Felixstow SA 5070|
|Clovercrest Funeral Chapel||395 Montague Rd, Para Vista SA 5093|
|Colin Liebig Funerals||4 New Rd, Nuriootpa SA 5355|
|Dignified Funerals||Ashford SA 5035|
|Durdin & Forgie Family Funeral Directors||15 Scotland St, Balaklava SA 5461|
|Durdin Funeral Directors||16 Scotland St, Balaklava SA 5461|
|Eco Funerals||104 South Rd, West Hindmarsh SA 5007|
|Elberg Damien||280 Grange Rd, Flinders Park SA 5025|
|Elberg Peter Funerals||280 Grange Rd, Flinders Park SA 5025|
|Elizabeth & Smithfield Burial & Cremation Services||Cnr Main North and Womma Rds, Elizabeth North SA 5113|
|Elliott Funeral Services||364 Main North Rd, Blair Athol SA 5084|
|Elliott Jack Funerals||70 South Rd, West Hindmarsh SA 5007|
|F.H Trevelion||348 Brighton Rd, Hove SA 5048|
|F.H. Trevelion & Son Pty Ltd||1 Edwards St, South Brighton SA 5048|
|Feltus Brothers Pty Ltd||Feltus Rd, Poochera SA 5655|
|Forgie Mark & Gizelle||15 Cowan St, Gawler SA 5118|
|Fowler Colleen & Russell||Albert Park SA 5014|
|Franklin Harbour Funerals||4 Warnes St, Cowell SA 5602|
|Fulham Funerals S.A. Pty Ltd||50 Midway Rd, Elizabeth SA 5112|
|Funeral Advice||491 Northeast Rd, Hillcrest SA 5086|
|Gibb Murray Funerals||29 Second St, Orroroo SA 5431|
|Golden Grove Funerals||26 O.g. Rd, Klemzig SA 5087|
|Greg O’Neill Funerals||84 Dauncey St, Kingscote SA 5223|
|Hahndorf Funerals||18 Graeber Rd, Lobethal SA 5241|
|Harrington Funerals||1 Morphett St, Mt Barker SA 5251|
|Harrison Funeral Chapel||63 Golden Grove Rd, Ridgehaven SA 5097|
|Hegelund Julie||49 McIntyre Rd, Para Hills West SA 5096|
|Islander Funerals||Penneshaw SA 5222|
|James Graham M||1 Bartley Ave, Netherby SA 5062|
|Kapunda Funerals||16 Mildred St, Kapunda SA 5373|
|Kleemann Funerals||1 Morphett St, Mt Barker SA 5251|
|Kleemann Funerals||18 Graeber Rd, Lobethal SA 5241|
|Kleemann K J & J A Funeral Directors||18 Graeber Rd, Lobethal SA 5241|
|Kleemann S A||8 Cates Ave, Waikerie SA 5330|
|Knight Funeral Homes||49 McIntyre Rd, Para Hills West SA 5096|
|Knight Robin||49 McIntyre Rd, Para Hills West SA 5096|
|Liebig Colin||4 New Rd, Nuriootpa SA 5355|
|Life Memories||250 Glen Osmond Rd, Fullarton SA 5063|
|Limestone Coast Funerals By Women||17 Short St, Millicent SA 5280|
|Marble Hill Memorial Hall||Lobethal Rd, Ashton SA 5137|
|Mattiske B M||2 Wiltshire St, Salisbury SA 5108|
|Mattiske R.W.||8 Quarry Rd, Para Hills SA 5096|
|Modbury Funeral Services||26 O.g. Rd, Klemzig SA 5087|
|Monte Tony Funeral Services||1 Webb St, Port Adelaide SA 5015|
|Mortlock Funerals||16- 18 Jervois St, Port Augusta SA 5700|
|Mt Barker Funerals||1 Morphett St, Mt Barker SA 5251|
|Mt Gambier Funeral Services||1 White Ave, Mt Gambier SA 5290|
|My Brother’s Keeper||451 Brighton Rd, Brighton SA 5048|
|Nofi Claudia||280 Grange Rd, Flinders Park SA 5025|
|Northern Area Funerals Pty Ltd||Jamestown SA 5491|
|O’Neill Greg Funerals||1 Edwards St, South Brighton SA 5048|
|O’Rielley Funerals||Kensington Park SA 5068|
|On Eagles Wings Funerals||MT GAMBIER SA 5290|
|Peek A||8 Dean Ave, Kidman Park SA 5025|
|Pengelley & Knabe||290 Greenhill Rd, Glenside SA 5065|
|Pensioner Funerals||104-106 South Rd, West Hindmarsh SA 5007|
|SA Multicultural & Ethnic Affair||440 King William St, Adelaide SA 5000|
|Salisbury Funeral Funds||2 Wiltshire St, Salisbury SA 5108|
|Salisbury Funeral Parlors||2 Wiltshire St, Salisbury SA 5108|
|Seeley Funerals||1 Draper St, Kadina SA 5554|
|Sidney Harrison Funerals||63 Golden Grove Rd, Ridgehaven SA 5097|
|Sidney Harrison Pty Ltd||173 Port Rd, Queenstown SA 5014|
|Smithfield & Elizabeth Funeral Directors||Cnr Main Nth and Womma Rds, Elizabeth SA 5112|
|Strathalbyn & District Funeral & Bereavement Service||7 Murray St, Strathalbyn SA 5255|
|The Natural Funeral Company||West Hindmarsh SA 5007|
|Wilkins G H||Hornsdale SA 5490|
|Wonderful Wakes||Daw Park SA 5041|
*Note: This is not an exhaustive list. Please visit eziFunerals and get multiple quotes before you select a funeral director near you
eziFunerals supports individuals and families cope 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.