There is a big push by some funeral companies in Hobart, Tasmania to tout the benefits of the pre-paid plans they sell. They urge consumers 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, 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 Hobart, Tasmania. No matter how attractive the business makes it sound, there are serious drawbacks to prepaid funerals in Hobart 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 in Hobart, 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.


In summary

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.


Clarke Funeral Services 117 Forbes St, Devonport TAS 7310
Foley T M 269- 273 Hobart Rd, Launceston TAS 7250
Gaye’s Funeral Services 1985 Main Rd, Bridport TAS 7262
Graham Family 73 Risdon Rd, New Town TAS 7008
Graham Family Funerals 3426 Huon Hwy, Huonville TAS 7109
H.C. Millington Pty Ltd 25 Electra Pl, Mornington TAS 7018
Harris Funerals 46 Tully St, St Helens TAS 7216
Hinds Valley Funerals 139 Weld St, Beaconsfield TAS 7270
Hooper & Burgess PO Box 291, Kew East VIC 3102
J.A. Dunn Funeral Director Launceston TAS 7250
Lockett W & Sons 36A High St, Campbell Town TAS 7210
Mary Eleanor Natural Funeral Care 28A Cole Street, Sorrell
Meander Valley Funerals 6 Maroneys Rd, Quamby Brook TAS 7304
Michelle Stephens 25 Electra Pl, Mornington TAS 7018
Richardson Tamara 46 Tully St, St Helens TAS 7216
Sincerity Funerals 117 Forbes St, Devonport TAS 7310
State-Wide Transfers. 21 Pedder St, South Launceston TAS 7249
Tasmanian Crematorium Services 269- 273 Hobart Rd, Launceston TAS 7250
Third Place Communities 4 Goulburn St, Hobart TAS 7000
Woodsdale Community Memorial Hall 2310 Main Rd, Woodsdale TAS 7120

*Note: This is not an exhaustive list. Please visit eziFunerals and get multiple quotes before you select a funeral director near you.




About eziFunerals

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. Thet 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