The Benefits of Pre-Planning Your Funeral
Having chosen a funeral director, the next step is to record your wishes and other necessary information. Pre-planning you funeral often relieves the burden and grieving family and friends and enables them to mourn their loss without the additional stress of arranging the funeral. So often we hear how grateful a family is when a funeral has been pre-planned.
You can also pre-pay your funeral. This can be done by either investing the full amount of time of the pre-arrangement or by having an agreed amount debited directly from your bank account each month.
What Are The Benefits of Pre-Paying Your Funeral?
- You have peace of mind that your family will not be left with the emotional and financial burden of your funeral.
- Your bond is invested in a funeral bond which is administrered by a secure long standing financial institution. We have a number of fund managers you can choose from.
- Your funeral bond is Centrelink means test free, which could mean the difference between a part and full pension entitlement.
- Once funds are lodged they cannot be redeemed by anyone until the death of the individual named on the policy.
- The bond itself will accrue interest which may offset the inevitable rises in funeral costs. The interest is not deemed to be part of your income.
- At Traditional Funerals, we also guarantee that should the realisation of the bond upon your death result in funds surplus to those required for funeral costs, then these additional funds will be returned to your estate. (This is our policy, but not necessarily the policy of most funeral directors.)
Once a pre-paid funeral bond is taken out, it is assigned to your chosen funeral director. When death does occur, the funeral director has all the arrangement details on file and can attend to all the necessary arrangments, causing no disruption to grieving loved ones.
How to Apply for a Pre-Planned Funeral
Contact us at one of our offices to receive the required documents, or you can print out this .PDF and fill in the form, then get this document to one of our offices.
Alternatively, you can also use our online form.
