Prepaid Funeral Savings Calculator
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Prepaid Funerals vs Saving Yourself
A prepaid funeral locks in today's prices with a specific funeral director — whatever the funeral costs when the time comes, the price is fixed at today's rate. This protects against future cost inflation.
Advantages of a Prepaid Funeral
- Price certainty — fixed at today's rates regardless of future inflation
- Peace of mind for your family — decisions made in advance
- Can be excluded from Centrelink assets test (specific funeral bonds)
- Reduces burden on grieving family members
Risks to Consider
- If the funeral director closes or is sold, your plan may transfer to another provider
- If you move interstate, your plan may not transfer easily
- Some plans have limited refund options if your wishes change
What to Ask Before Signing
- Where are my funds held? (Should be a trust account — not the funeral director's operating account)
- What happens if this funeral director closes?
- Can I transfer this plan if I move interstate?
- What's the cancellation and refund policy?
Estimates only. Always read the full contract and Product Disclosure Statement before entering a prepaid funeral arrangement. Consider seeking independent financial advice.