What is a funeral fund?
Investing in a funeral bond or funeral fund means you can set aside an amount of money to cover your funeral expenses and, if you wish, specify how your funeral is to be conducted.
Why plan ahead with funeral funds?
Paying for your funeral in advance gives you the peace of mind that you are not passing on expenses to family or friends, which could place them under financial strain. It makes sense to plan now because the provision for funeral expenses can be an important part of your estate and financial planning portfolios.
Why invest in a funeral fund?
The benefits of investing in a funeral fund include:
- 100% capital guaranteed
- you’re providing for your own funeral, giving your family peace of mind
- by giving funeral instructions now, the investment protects against future cost increases
- there is no limit on age or medical conditions
- your funeral fund is exempt from the aged pension and other entitlement asset and income tests
How to start your funeral fund
State Trustees can facilitate your funeral fund. And for your convenience, we offer a regular savings plan option to assist you in saving for the cost of your funeral.
For additional information and to apply, download the State Trustees Funeral Fund Disclosure Document to apply for your funeral fund (PDF 1.69MB) or phone us on 03 9667 6444 or outside Melbourne call 1300 138 672