One of the two certainties of being human-…. Is death- we will leave the other certainty for another blog.

On average, Australians can now expect to live longer because of advancements in our health sciences.

While we do our best to live long and happy lives, at some point there comes a time that we have to say goodbye and then there is the inevitable funeral, which can cost up to $15,000 in Australia.

This is where funeral insurance becomes very handy and will alleviate any financial difficulty for your loved ones, during a time of stress.

Eligibility for funeral insurance, depending on the provider, requires you to be an Australian resident aged between 18 and 70 and haven’t been declined life insurance due to health reasons.

When you have a Pre-Paid funeral plan, you are effectively paying in advance for your funeral.

Prepaid funerals can be an alternative to getting funeral insurance because they cover your funeral services regardless of how much they cost at the time.

Here are the different options to finance prepaid funerals:

• Contributory funds

Depending on the arrangements with the funeral home, you can make smaller payment toward a funeral service

• Pre Purchased products

These can include cemetery plots, wall niche, lot in a memorial garden or crematorium.

• PrePaid Funeral Plan

You can generally choose your preferred type of funeral service and pay for it in full or by installments over a fixed period.

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