3/31/2024 0 Comments Unity funeral plans![]() ![]() Funeral Bond: A funeral bond allows you to pay for your funeral in advance without worrying about the details.In either case, it helps to lessen the burden of planning a funeral during a stressful time for your loved ones. Choosing either option depends on what’s in your best interest and wishes. There are a few key differences between a pre-paid funeral vs a funeral bond. Any money left over after the funerals expenses goes towards your estate. Typically, a funeral bond will have a product disclosure statement that explains how it works. The terms of a funeral bond depend on the management firm. Therefore, the money is untouchable until you die. ![]() These bonds are only accessible when the account holder passes away. To purchase a funeral bond, you’ll need to contact a funeral home or a life insurer.įuneral bonds hold invested funds in your name for the sole purpose of paying for your funeral expenses. Many funeral bonds give you the option of selecting a funeral director or letting your family decide when you die. The funds must be in the funeral bond are only for funeral costs and nothing else. Over time, the value of your money increases as interest accumulates. In this article, we explain what is a funeral bond, funeral bonds vs prepaid funeral plans and the benefits of funeral bonds.Ī funeral bond is a down payment on a funeral with recurring monthly payments over time. Funeral bonds in Australia can help reduce the financial stress a funeral has on your family when you die. One of the most effective solutions to pre-paying for your funeral is with the help of funeral bonds. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |