Your funeral is your farewell to life, family and friends so of course you want it to be a special occasion but not a financial burden for loved ones.
Funerals can cost between $4,000 and $15,000 according to Money Smart, Australian Securities & Investments Commission, 2012. But many people do not have that kind of money readily available to pay the funeral expenses.
This is where Funeral Insurance comes in.
With Funeral Insurance
, you pay a regular premium into your funeral policy. When you die your family gets a lump sum, usually paid within 24 hours of receiving the completed claim.
This money can be used to cover:
- The funeral director’s fee
- The casket/coffin
- Fee for the chapel (if you use one) and the venue for the wake
- Cemetery plot and headstone or cremation and urn
- Catering for the wake