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Pre-paid Funerals

Pre-paying your funeral with Olsens makes good financial sense. Not only will the price you pay today be the final price but you’ll also avoid leaving your loved ones with the financial and emotional burden that might come with planning your farewell.

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What is a pre-paid funeral?

What is a pre-paid funeral?

A funeral plan is a safe and structured way to plan and pay for your funeral in advance to avoid leaving your family with a difficult financial burden. In fact, it can work out to be less costly than funeral insurance.

Your funds are held independently under strict regulation until your wishes have been delivered, or transferred if you decide to use another Funeral Director.

Financial benefits

Financial benefits

Funeral plans are sound financial planning tools that protect your family by fixing the price of your funeral, allowing flexible payment terms, maximising your pension entitlements and setting a cap on the cost of your funeral.

Custom funerals

Custom funerals

Custom funerals give you the unique opportunity to say your own farewell to those you love most. Our dedicated Consultants are there to support you and help you create a fitting farewell. We can assist by bringing clarity to your choices, suggest creative and personalised ideas and guide you, without rush, to ensure your special funeral makes both economic and emotional sense.

Pre-paid vs funeral insurance

Don’t spend your money on funeral insurance before comparing the financial benefits to pre-planning.

Pre-paid Funerals

Funeral Insurance

Premiums

Provides for the full funeral costs regardless of the date of death

More expensive for older people and premiums can often exceed the benefit due

Inflation

Locks in the cost of the funeral at today’s prices

You must select the sum insured which may or may not be sufficient to cover future funeral costs

Choice

You can choose the type of funeral you want

Your family will still have to handle all the funeral arrangements

Payment

Pay upfront or by installments

No benefits received if payment of premiums cease or are not up to date

Benefits

Exempt from Centrelink assets test and deeming rules. May help qualify for age pension or part pension

Does not affect pension or social security benefits

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