PROS & CONS OF

funeral bonds

Secure investment with funeral bonds

A funeral bond is an investment product that can help you save for funeral expenses.

At Walter Carter Funerals, we work with Funeral Plan Management to provide funeral bonds. Prior to deciding on this investment, please consult your financial advisor as this information is general advice only.

PROS OF FUNERAL BONDS
CONS OF FUNERAL BONDS
The amount you pay for the bond will be exempt from any asset and income means testing when assessing eligibility for the aged pension
If you pay in instalments and die before the bond is paid in full, only the amount paid into the bond up to the date of your death will be payable (as well as any interest earned)
The bond keeps your funeral money separate from other accounts and investments
Investment returns on the bond may not keep up with inflation
As an investment, your savings will generally grow over time. Be sure to read the Product Disclosure Statement carefully before taking out the bond
A bond will not lock in funeral costs at today’s prices
You are not locked into using a particular funeral director
You may not be entitled to a refund if you decide to discontinue with the bond
You can pay for the cost of your bond in a lump sum or by instalments
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Want to explore your options?

The Walter Carter Funerals team is always here to help, no matter where you are in your planning journey. One of our helpful arrangers can talk you through the various options available to make an informed decision that is best suited to your needs.

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