The funeral bond is a simple and effective way to put money aside to help meet the future cost of your funeral expenses. With a funeral bond, like Funeral Plan Management’s FuneralPlan Bond, you can decide how you want your money to be used to pay for your funeral.
The FuneralPlan Bond can be used to cover expenses such as:
With a FuneralPlan Bond invested in the capital guaranteed option, your family or nominated funeral director will always receive the amount you have saved in full, plus any interest, to pay for your funeral. Money invested in a FuneralPlan Bond cannot be taken out prior to your passing.
The Funeral Saver Safety Net could assist if you pass away before you have reached your funeral savings goal in the FuneralPlan Bond. If you are an Australian that is experiencing prolonged financial disadvantage, the Funeral Saver Safety Net can provide a top-up payment to your existing funeral bond upon your death so that your funeral expenses up to $5,000 are covered.
Anne is a 55 year old first nations woman who is employed part time as a community worker. She earns $40,000 a year and has been putting away $50 each month into her FuneralPlan Bond for over a year, aiming to save $5,000 to meet the estimated costs of her funeral.
Anne’s funeral bond is valued at $3,000, as Anne has met the regular minimum contribution requirements and her policy is valued at less than $5,000,if Anne suddenly passed away, her family would be eligible for a top-up of $2,000 towards her funeral costs, including costs such as a smoking ceremony and burial at her nominated location.
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Anne contributes
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Year 1
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Year 2
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Year 3
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Year 4
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Year 5
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Funeral
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Total Funeral Bond
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