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PRE-PAID FUNERALS

by Andrew Kennedy

The benefits of pre-planning your funeral service are twofold – you remain in control of your ceremony in a safe and cost-effective manner, while alleviating the emotional and financial strain on your family.

Our goal is to ensure you receive a funeral service that is authentically you, and pre-planning your funeral service allows you to custom design a ceremony that aligns with your vision and expectations.

We offer flexible payment terms to fit your situation. Once paid, your funds are independently held under strict regulations until your wishes are fulfilled or transferred if you decide to use another funeral director.

There are also many financial benefits, with the end cost usually working out less than funeral insurance.

Security and peace of mind

When you arrange a pre-paid funeral with Andrew Kennedy, you have the peace of mind your investment will be held independently under strict regulations until it is needed.

It is a safe and secure investment that allows you to be farewelled
in the way you want to be.

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Financial benefits

Pre-paying for your funeral delivers financial benefits such as securing today’s funeral prices, avoiding fee and tax increases, maximising your pension entitlements and capping spending.

Our pre-paid option often works out to cost less than the cost of funeral insurance, making it a smart investment option.

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Pre-paid vs Funeral Insurance

There is much commentary, myths and misinformation around comparisons between Pre-paid Funerals and Funeral Insurance. Following is a comparison to help you determine the best possible option for you.

Pre-paid Funerals
Funeral Insurance
PREMIUMS
Pre-paid Funerals Provides for the full funeral costs regardless of the date of death
Funeral Insurance More expensive for older people and premiums can often exceed the benefit due
INFLATION
Pre-paid Funerals Locks in the cost of the funeral at today’s prices
Funeral Insurance You must select the sum insured which may or may not be sufficient to cover future funeral costs
CHOICE
Pre-paid Funerals You can choose the type of funeral you want
Funeral Insurance Your family will still have to handle all the funeral arrangements
PAYMENT
Pre-paid Funerals Pay upfront or by instalments
Funeral Insurance No benefits received if payment of premiums cease or are not up to date
BENFITS
Pre-paid Funerals Exempt from Centrelink assets test and deeming rules. May help qualify for age pension or part pension
Funeral Insurance Does not affect pension or social security benefits