Why should I think about getting funeral insurance?
Paying for your funeral may not be one of the first things you think of when considering the impact of your passing on your family. However, funerals can often be expensive. Depending on the type of ceremony you choose, funerals can cost between $4,000 and $15,000 (and more) according to Moneysmart.gov.au.
It can be difficult for families to find the amount of money needed for a funeral at short notice. Funeral insurance eases that burden. It means that your partner, children, or whoever your nominated beneficiary is, has fast access to the money they need, usually within 24 to 48 hours.
Taking out funeral insurance is just one of the things you can do to help ease the stress as your family comes to terms with losing you. Knowing that paying for the funeral is taken care of will help ease their burden – and you can be more relaxed knowing there are plans in place.