Planning for the future often involves thinking about milestones like retirement or travel, but it's also wise to consider our final arrangements. While it might seem like a difficult topic, a little forward planning can make an enormous difference to our loved ones down the track. Taking the time to prearrange and prepay for your funeral can provide peace of mind for you and your family.

The Benefits of a Prearranged Funeral

One of the greatest benefits to a prearranged funeral is the ability to lock in today's prices. Funeral costs, like most things, are subject to inflation. By finalising and paying for your arrangements now, you protect your family from rising costs in the future. This means your loved ones won't be faced with unexpected expenses during an already difficult time.

Beyond the financial aspect, a prearranged funeral removes the emotional burden of decision-making from your family. Grieving loved ones are often left guessing what you would have wanted, which can lead to stress and disagreements. When you prearrange a funeral, you can specify your wishes, from the type of service to the music and readings, ensuring your farewell is a true reflection of your life.

Prepaid Funerals vs. a Funeral Bond

When you're ready to plan ahead, it's important to understand the difference between Prepaid Funerals and a Funeral Bond.

A **Prepaid Funeral** is a contract you enter into with a funeral director for a fixed price. You choose the specific services you want, and the cost is locked in. You can pay in a lump sum or through instalments. This option provides certainty that the funeral you've planned is paid for and your wishes will be carried out.

A **Funeral Bond**, on the other hand, is an investment product that allows you to put money aside to contribute towards your funeral costs. A Funeral Bond is a way of saving for your funeral, but it doesn't lock in the price of the service.

Making the decision to preplan your funeral is a thoughtful and practical step. It's an act of kindness that provides clarity, financial security, and comfort to your family when they need it most.