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Compare the cost of a prepaid funeral vs funeral insurance
Compare the cost in 4 easy steps with our simple calculator tool. A prepaid funeral could save you money.
Planning for your future
A prepaid funeral plan from Burkin Svendsens Funerals not only removes the stress and financial burden from loved ones, but it can also save you money. Our online calculator lets you compare the cost of a prepaid funeral plan against a funeral insurance policy in a few easy steps.
Burkin Svendsens Funerals prepaid funerals are provided by Guardian Plan Over 50s Friendly Society, an APRA registered organisation. Visit guardianplan.com.au for more information.
Please note Burkin Svendsens Funerals does not offer financial advice. See a financial planner to help you decide on the best option for you.
Guardian Plan is a funeral bond issued by the Over Fifty Guardian Friendly Society Limited (the Society) ABN 81 087 649 063 AFSL 524353.
Three reasons a prepaid funeral could save you money
- Locking in costs at today's prices - it's a fixed price funeral and you avoid rising costs.
- No ongoing payments - once paid in full there are no other costs.
- Pay in instalments or upfront - you don't need to have the full sum available today.
Contact Us today to find out more
(07) 4054 5400
Disclaimer
The default figure of $7,800 is for comparison purposes only. This value is an estimated average based on estimates from ASIC - average price quoted for a funeral can begin from $4,000 to $15,000 (https://www.moneysmart.gov.au/life-events-and-you/over-55s/paying-for-your-funeral).
As there are a wide range of funeral choices, your Prepaid Funeral Plan may be less or more expensive based on the choices you make. The cost of a prepaid funeral will vary depending on the inclusions within the agreement. Any services required in addition to the original agreement may incur extra costs.
Funeral insurance figures are based on averages of funeral insurance rates across the market, from 9 products through 3 insurers, and averages have been taken across each segment of the market weighted by the market share of each product. The calculator, including the default assumptions adopted, has been prepared by Rice Warner Pty Ltd (Rice Warner). Rice Warner has advised the default assumptions adopted are reasonable as at March 2021.
The default cover amount and funeral insurance results take into account your life expectancy, the effects of inflation, and is an average of funeral insurance rates across the market.
The calculations and results produced by the calculator are for illustration purposes only and are not intended as a substitute for any specific financial advice you may obtain. You should not make any financial decisions based on this calculator without first consulting your licensed financial adviser.
The one off payment figure in the calculator is based on the effects of inflation, given the purchase of a funeral at the time of your death (calculated based on the assumption you die at your life expectancy).