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Other funeral products 

Funeral insurance

Funeral insurance is usually purchased directly from an insurer. It involves small regular contributions for a specified cash payment on death. However, like most forms of insurance, the money paid over the years cannot be refunded if you decide to cancel the insurance. Age and health restrictions may apply when taking out the policy. The premiums may increase over the years to keep up with inflation or other factors.

Funeral insurance is regulated under the Commonwealth Life Insurance Act 1995. Contact the Australian Securities and Investments Commission (ASIC) Infoline on 1300 300 630 for further advice about funeral insurance.

Funeral bonds

A funeral bond is a form of investment that allows you to set aside your own money for a funeral, which is held as a bond and paid when the funeral is required. It cannot be withdrawn early.

A funeral bond can be in your own name, in joint names (with the benefit paid in full upon the death of the first joint owner) or can be assigned to a funeral director.

Certain funeral bonds are exempt from the assets test. Contact Centrelink on 13 23 00 or go to for details.

Pre-paid products

You may pay in advance for the right to use a grave plot, a wall niche or a place in a memorial garden. This is typically purchased directly from a cemetery or crematorium and may suit people who do not wish to pay for the full delivery of their funeral in advance but want to secure the place they will be interred.

Some funeral directors limit pre-paid schemes to aspects of the funeral they have control over such as their personal services and the coffin, and may not include the burial or cremation. Make sure you understand your rights and obligations and whether it covers some or all of your funeral costs before you sign for a pre-paid funeral arrangement.

If you have any concerns about the conditions of the arrangement, seek independent legal or financial advice.

Pre-paid funerals and pre-purchased cemetery plots are exempt from the assets test for Centrelink payments. Contact Centrelink on 13 23 00 for more details.

Membership benefit schemes

A number of organisations offer a payment upon the death of a member to assist with funeral costs.

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