Your funeral is the last big expense you’ll incur on this earth. While paying for it after the event won’t bother you, for obvious reasons, it could bother the family member or friend left behind who has to foot the bill. And that’s not what anybody wants, is it?

Making a practical plan to deal with your funeral is the best course of action and the most considerate thing you can do for your family and loved ones. There are different ways of doing this depending on what your circumstances are. You can prepay your funeral costs, save through a funeral bond or take out insurance to cover your funeral costs at a later date. Of course you can do the obvious – save up the cash yourself and keep it tucked away in a special account. However temptation is always there for you. If that’s not an issue for you, great but if it is, perhaps another course of action is better.

If you are 60 or over, funeral insurance may well work for you. Funeral insurance differs from saving up a lump sum to cover your funeral costs. Instead, it is an insurance policy where you pay monthly or fortnightly premiums for a fixed amount of cover to be paid out after death. This type of cover is a good option for those who can’t get life insurance with its inbuilt funeral benefits.

Our report and research into 14 eligible policies will help you make a more informed decision about what’s right for you.


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