Prepaid Funeral Plans
A prepaid funeral plan is something to consider when the time comes to make financial provisions for your family.
When thinking about your future plans, it’s important to get the cover which best suits your needs. The price of fixing a funeral plan with an upfront sum can often be costly in several ways.
Firstly, many prepaid funeral plans require a customer to sign up and pay a lump sum upfront, without locking in an agreed price for the funeral. This means that despite our efforts, there is still a chance that the money you allocate will not be enough to cover your funeral.
Secondly, the act of paying a lump sum upfront can often be difficult when trying to meet your everyday costs and this can impact on your cash flow. This means prepaid funeral plans may often be an inconvenient way to plan your own funeral.
Choosing an insurance company and funeral cover plan that is subject to the stringent regulations of the APRA (Australian Prudential Regulation Authority) will ensure your funeral doesn’t cause any undue stress for anyone – yourself, or your family members.
In the event of your death, 1300 Insurance Funeral Cover pays your family a lump sum to help meet the costs associated with their loss.
You may consider 1300 Insurance Funeral Cover to be a far more flexible, affordable and appropriate financial planning device than a prepaid financial plan. Funeral insurance quotes are in your reach.
