How Much Does A Funeral Cost?

November 30, 2012 (PRLEAP.COM) Business News
Funerals are a time when we say goodbye to our loved ones and reminisce on happy memories. But funerals can also be expensive, causing financial stress for those left behind.

The cost of a traditional funeral usually includes the funeral director's fee, as well as the price of a casket, burial plot, flowers and transport. These items can add up to $15,000* as much as - and as the years pass, this amount will continue to rise with inflation.

Although it's not something anyone likes to think about, it makes sense to prepare for your funeral now.

Funeral insurance pays a lump sum benefit to your loved ones when the time comes for your funeral. This makes it easier for them to say goodbye without the added worry of funeral expenses and unpaid bills. Consider it a parting gift for your family.

Benefits of funeral insurance
These are some of the ways funeral insurance protects your family from financial stress:

  • You can choose an age-based or a fixed premium payment option, and keep your premiums within a budget.
  • You can choose a Family Plan, which covers your partner and all dependent children until they reach age 21.
  • Claims are usually paid without delay so your loved ones get financial support when they need it.
  • Optional Accidental Serious Injury insurance is also available, providing added support in the event of a traumatic serious injury.
  • Choose your benefit amount to be paid in the event of your death, starting from $3,000 up to $15,000 (in the first 12 months benefit is paid only in the event of accidental death, thereafter a benefit is payable on death by any cause).

  • Find out more
    To find out more about planning for the costs of your funeral, Receive a Free info pack or receive an instant quote.

    * Costs are based on market averages and may vary.

    Advice on this website is general only and does not consider your individual objectives or financial situation. Please review the relevant PDS and the FSG available at seniorsfuneralplan.com.au to ensure these products are right for you. Terms and conditions apply. Australian Seniors™ Funeral Plan is issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484 and promoted by Australian Seniors Insurance Agency™ Pty Ltd (ABN 48 097 746 391).

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