We can't avoid the inevitable. Some day each of us will die. Isn't it better to be prepared? We plan ahead for many life events - weddings, parties, vacations, family visits and so on. Many of us even prepare for the possibility of unexpected things by purchasing car, home, or health insurance. Doesn't it make sense to plan ahead for an event for you know will happen? Especially if, by arranging your funeral pre-planning means most of the decisions and information are already recorded, relieving both the financial and emotional burden away from your family and friends at such a difficult time.
Your Funeral Director partners with Funeral Plan Management (FPM) "to provide professional administration and investment information to Australians on all aspects of planning for a funeral in advance."
Your funds are held independently of Your Funeral Director and invested on your behalf. Your funds are secure, and should Your Funeral Director cease to exist, your investment is safe. You can choose to pay in a lump sum, or in fortnightly, monthly or quarterly instalments over a fixed period of time. Your pre-paid funeral plan will not affect your means tested pension. No contribution limit applies, so you can invest as much as you would like to cover your future funeral expenses.
