What Is A Prepaid Funeral?


When it comes to organising a funeral for yourself or loved one, it’s never easy or enjoyable. Many of our families are now relieving their family members of this effort and arranging a funeral in advance.

Pre-paid funerals are funeral packages purchased before a death occurs. Unlike writing down your own funeral preferences in a will or other written document, prepaid funeral plans are a legally binding contract which honours what you have paid for regardless of future tax and interest changes.

In a time where finances and budget have become daily worries for families across Australia, prepaid funerals are a welcome initiative to help relieve the stress from remaining family members after the loss of a loved one.

Who Can Purchase Prepaid Funerals?

There are no age or health requirements for individuals wishing to purchase prepaid funerals. Some families choose to invest in a pre-paid package due to terminal illness and other families choose to purchase a pre-paid funeral in order to play an active role in their own life, even after death.

Regardless of who you are, a pre-paid funeral is a great way to relieve financial stress from your loved ones when the time comes.

What Are Some Benefits Of Purchasing Pre Paid Funeral Services?

Taking out a pre-paid funeral will help you;

  • Maximise your pension entitlement since money paid into the plan is not subject to the income or assets test or deemed earnings rule (according to current legislation)
  • Ensure that your exact wishes are made known and are carried out
  • Protect your family from the distress of making difficult decisions at an emotional time
  • Relieve your family from any financial burden
  • Gain peace of mind for you and your family

Who Offers The Best Prepaid Funeral Plans?

Throughout Australia there are just a few well-known and trusted funeral homes that bring with them the level of compassion and understanding that is offered by Karen and the ladies at Lady Anne Funerals.

Whether you want a religious, spiritual, or secular ceremony, the funeral directors and celebrants at Lady Anne Funerals are equipped to meet all of your needs and provide a moving funeral that will pay proper respect to your departed loved ones.

How Can I Pay For A Prepaid Funeral?

Usually, there are two ways to make payments for a Pre-Paid Funeral Plan:

  • You may pay for your pre-paid funeral in a lump sum
  • Or you may pay for your prep-paid funeral in instalments. This can be arranged through a direct debit or booklet payment system.

At Lady Anne Funerals, we will sit with you to create an arrangement that works best for you, no matter your requests.

Prepaid Funerals

Where Does My Money Go?

When you purchase a pre-paid funeral, you do not need to worry about the security of your purchase because the money you pay for your Pre-Paid Funeral Plan is held secure by an independent entity such as a friendly society or trustee company. This means every dollar is properly invested and safeguarded until a time when the funeral services are required. Only then will the funds be released to the ladies at Lady Anne Funerals.

Is it possible to withdraw money or cancel my prepaid funeral package?

Due to the nature of the pre-paid funeral contract, it is not possible to withdraw funds either in part or whole before the death has occurred.

However, if you are not happy with your pre-paid funeral package, you have the right to cancel your investment and your money will be refunded in full within 14 days of receipt of your investment confirmation.

Where Can I Find Out More?

To read some more information about pre-paid funerals Sydney, you can of course call or email the ladies at Lady Anne Funerals. If you are looking for some independent information, then you can head on over to the Australian Funeral Directors Association homepage.

If you would like to start planning a pre-paid funeral for yourself or another family member, regardless of age or health, then give the ladies at Lady Anne Funerals a call today or use the form on the right to get in touch.