We all know that death is inevitable. No other event in our lifetime is both certain, incredibly emotional and stressful for those your leave behind.
There are options to alleviate some of the financial and decision-making stress on your family and friends. Funeral insurance, funeral bonds and prepaid funerals are the major choices.
At Bare, we believe a prepaid funeral is the best option for all. The prepaying should be a simple and affordable aspect of your end-of-life planning, just like writing a will and organising your estate.
Prepaying your funeral can be incredibly empowering and will also provide a great deal of peace of mind. If these aren’t reasons enough to convince you of the value of a prepaid cremation or funeral, here are a few more benefits you should know about to help you decide to move forward with a prepaid funeral:
1. Avoid rising costs
Many of you reading this will have plenty of life left in you yet. It could be years before your passing. If you think funeral prices are a little on the expensive side now, think about what they may be like in 10, 15, or 20 years.
You don’t want your loved ones to be financially burdened just because you’ve slipped from the mortal coil. Prepaying your funeral will ensure you are guaranteed the service you want, without looking at a mountain of debt after the funeral is all said and done.
Those you leave behind can spend the days after your death reminiscing about the good times, celebrating your life and grieving effectively, without the heavy burden of wondering how they are going to pay for your funeral.
2. You can create a memorial to your liking
If you’re going to leave the funeral planning to the living after your death, you may not get the funeral you envisaged.
A barbeque in the garden? Scattering ashes at your favourite location? Live music at your local club? Three hundred of your closest people in a hall? Australian funeral trends are changing, so prepaying your funeral gives you the freedom to choose a really fitting memorial. Every person is unique, and by prepaying, you can lock in exactly what you want.
We all want to go out in style, and a prepaid funeral is a great way to make it happen, your way.
3. You can use installment plans
Most people can’t pay for their funeral in one lump sum, which is why prepaid funerals come with installment plans. You can finance your funeral with installment amounts that are comfortable for your budget and won’t break the bank. Paying your prepaid funeral in installments makes funeral insurance a completely unnecessary product.
4. You can take your time with decisions
It’s challenging to think rationally during times closer to your passing. If a funeral hasn’t been planned, there’s now a whole lot of decisions to be made, and not a lot of time to make them. Rushed decisions usually end up costing more as well because grief makes everyone want to see the deceased get the best of everything.
5. No health checks or rising premiums
Life insurance can be hard to get – let’s say impossible – for someone in their 80s with all the health issues ageing can bring. A prepaid funeral plan doesn’t require extensive health checks or come with an age limit – it’s available to anyone!
Also, funeral insurance premiums typically increase with age, meaning when you need it most, you probably won’t be able to afford it. You can read more in our article Comparing Australian funeral insurance here.
6. Exempt from assets test
A funeral is an unavoidable expense. When you choose to prepay for your funeral, you are taking care of the cost without affecting your pension or retirement income. The amount you pay will not be considered part of your assets. You can read more about the asset test here.
7. You can take your time choosing a quality service
Unfortunately, many funeral homes have business models that are designed to take advantage of grieving families. Planning your funeral while you still can, will give you time to research funeral homes in-depth and do due diligence on those that end up on your shortlist.
Best of all – you can avoid a funeral home altogether and pre-pay your Bare Cremation online today! So with all these benefits in mind, what are you waiting for? Prepay your funeral today and go back to spending your money on living, not dying!
If you have any further questions or to get a quote for a cremation visit the Bare Cremation website or call 1800 870 601.