With people living longer the instance that a power of attorney is used to commence a funeral bond for an elderly relative is increasing. As when dealing with any financial product, certain protocols need to be followed when this occurs. Sureplan Friendly Society Ltd (Sureplan) will wish to sight a copy of the power of … Read more
When applying for funeral insurance cover it is likely that you will need to disclose any recent pre-existing illnesses and symptoms similar to those experienced by COVID-19 sufferers. Failure to do so, and you be unlucky enough to die from COVID-19, may cause your family problems when completing the claim. Your policy may even be … Read more
When consumers meet with a funeral director to put some plans together for their funeral, many will want to put some money aside to help meet its cost. As funeral directors are unable to hold the money themselves (unless they operate a trust fund) they will suggest that the money is invested in a funeral … Read more
A funeral bond is a managed fund whereby a member’s funeral benefit is the total of their contributions and accumulated bonuses. Therefore, as a funeral bond is simply paying out what has been deposited by the member and any returns earned by the fund, there are no exclusions for any medical conditions, including the COVID-19 … Read more
In many cases consumers make the decision to invest in a funeral bond because of the influence of a life event such as planning for retirement or entering into aged care accommodation. For both these events it can be advantageous for a pensioner to divest assessable assets by investing in a funeral bond. As at … Read more
Using a funeral bond such as Sureplan Gold to put aside funds for your funeral is a simple and easy method of ensuring that funds are available for your family when required. If you are an asset-tested pensioner you can place $13,250 in Sureplan Gold and have it not treated as an asset for pension … Read more
Many of us want to put aside the funds to ensure our family is not up for the expense of our funeral. A good way to do this is with a funeral bond such as Sureplan Gold. Sureplan Gold is secure, flexible and cost effective – you can contribute with a lump sum or regular … Read more
Sureplan Gold is a secure funeral bond fund issued by Sureplan Friendly Society Ltd. Sureplan is a specialist mutual funeral fund manager and has literally helped thousands of Australian families since commencing business in 1935. Subject to a threshold limit set by Centrelink, a pensioner can invest a sum of money in a funeral bond … Read more
Recently the Australian Bureau of Statistics (ABS) released data on the causes of death in Australia for 2017. In total there were 160,909 deaths this year, with 82,858 being males and 78,051 females. The leading cause of death for females in 2017 was Dementia and Alzheimer disease (11%) while for males it was Coronary Heart … Read more
When wishing to provide funds for a funeral expense you have three options; 1. Taking out a funeral insurance policy, 2. Investing in a funeral bond or 3. Entering into a prepaid funeral contract with a funeral business. The following summaries set out the major pros and cons for each. Funeral Insurance As funeral insurance … Read more