Planning ahead with Easy Funerals
Living a good life is something we all aim to do. As you get older, part of living a good life involves having all your ‘life-admin’ in order and planning ahead for your end of life.
Planning ahead brings peace of mind to you and your family and reduces the financial burden when it comes time to arrange your funeral.
Funeral bonds
A funeral bond is a financial investment that is dedicated to saving for your funeral expenses. No aspect of the funeral is pre-selected, you simply make contributions over time so that your family has access to funds to pay for your funeral when the time comes.
Are bonds like funeral insurance?
A funeral bond is NOT like Funeral Insurance. If you stop making payments towards your funeral bond you will not lose your money, unlike funeral insurance.
Funeral Insurance requires monthly premiums, which can increase significantly after you turn 50, and many do not provide refunds if you miss a payment. With funeral bonds, you make installments that suit your budget, weekly, fortnightly, or monthly.
Funeral bonds and Centrelink
One of the favourable advantages of funeral bonds is that $15,000 per individual is exempt from Centrelink means testing. This allows you to reduce your assessable assets for the Services Australia means test and potentially may make you eligible for part or all of the aged care pension. We strongly recommend you seek professional financial advice to clarify your situation and determine if this is the right choice for you.
What if I stop making contributions?
If you stop making payments at any point, any money you have contributed towards your bond remains in the bond and your family will NOT lose access to your funds.
How safe are funeral bonds?
Funds held in the Foresters Funeral Benefit Fund may only be invested in a manner as specified in the Fund Rules and the Life Insurance Act 1995. Foresters Financial is also regulated by the Australian Prudential Regulation Authority (‘APRA’).
Our team is ready to help
Testimonials
“They were so easy to deal with and kept me up to date every step of the way.”
- Illawarra
“The no nonsense factual approach to our problem was enlightening.”
- Goulburn
“I found Easy Funerals extremely caring through a very difficult time of my family’s life. I wish to thank them so very much. Thank you everyone.”
- Illawarra
“I received the best treatment with the greatest respect and follow up and knowing that I was distraught they were so amenable and kind.”
- Shoalhaven
“We wanted simple and minimal expense”
- Shoalhaven