Funeral Plans in Australia

Most families have to scramble to come up with funeral arrangements after they find out about a loved one’s passing. Not only is this difficult, but it can also be a financial burden that really strains the family for many years to come. If you want to provide your family with everything they need for your passing, funeral plans in Australia are worth looking at. These plans are designed to give your family the financial help they need so they don’t have to foot your funeral bills.

Funeral plans in Australia are available from many different companies. Not all companies offer the same plans or the same benefits. You have to decide which company to go with based on their price structure, benefits, limits, and restrictions. Australians have the option of adding extra options to their funeral plans. For example, the accidental serious injury option will provide coverage if you were to pass away from an accident.

Benefits of Australia Funeral Plans

The biggest benefit and reason why people take out these plans is that they leave families able to pay for funerals without spending their own money. This can make it easier for them to relax during a time when they are grieving. The plan can even cover doctor’s expenses, which are required when the deceased needs a death certificate.

The funeral director can also be paid out of the coverage from the funeral plan. Australia requires that death information is sent to the government offices, which is something that the funeral director has to do. The family won’t have to worry about the director’s charges when they have the proper to cover them.

Cost of Funeral in Australia without Funeral Cover

There are a lot of factors that affect the cost of a funeral in Australia, on average you will be looking at a dollar value of anywhere between $4,000 to $15,000 depending upon your choices of the funeral. Some of the most expensive factors include burial, cremation, flowers, casket, funeral director, doctor, and many others. For more of an in-depth look at the separate costs that are incurred to pay for a funeral, we would suggest visiting the Money Smart Government website on the matter.

What Happens Without a Funeral Plan?

Without a funeral plan, your family would either have to pay for the funeral out of pocket or take out a loan. It’s a common occurrence for family members to take out lines of credit or credit cards as well. The family would also have to make decisions that are based on what they would think you wanted. No plan for a funeral means a lot of financial stress on top of tough decisions about the funeral.

Are there any Australian Laws for Funeral Plans?

  • Only adults over the age of 18 can take out a funeral plan because this is the age of consent.
  • If you stop paying for your insurance or plan before the payments are complete, you would end up having the entire plan canceled.
  • There are different regulations for each of the different plans based on the company that they are purchased from. This is why it’s important to read through the fine print before you purchase.