Don & Barry comparing a prepaid funeral to funeral insurance

Don & Barry - Prepaid vs Funeral Insurance

Meet Don & Barry as they compare the cost of a prepaid funeral to funeral insurance.

A prepaid funeral could save you money, and give you other benefits over funeral insurance.

To see what we mean – just look at the story of Don and Barry below.

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Plan and pay for your funeral service today, and your family and friends won't be left behind to deal with the funeral costs or worry about making the right choices for the service.

Call us or request a call back and we walk you through the rest.

1300 556 222        or        Request a call back

There are many great reasons for taking out a prepaid funeral:

  • Pay today's price
  • No ongoing costs
  • Pay in instalments or upfront
  • Simple process
  • Professional guidance
  • Plan the service you want
  • Caring funeral directors
  • No membership fees
  • Member of the AFDA

Barry is a man who likes a good deal. And a man who hates being ripped off. Even when it comes to his funeral.

So, he looked into getting funeral insurance – hey it’s less than the cost of a daily cup of coffee.

But is Barry really happy?

Barry lived much longer than expected – like most of us do. And while he thought he was going to save money by using funeral insurance, it turns out he’s actually paid well over $10,000.

What about Don? He’s had his funeral, is he happy? He’s a man who looks at the details – and hates getting ripped off.

Don chose a prepaid funeral with Simplicity. And he’s got a funeral to exactly the same value as Barry, though Don only paid $6,000.

Thanks to the prepaid funeral plan, Don was given the funeral he’s agreed to, no matter when that happened to be, no matter what the future costs would be.

He got all that, and saved over $4,000 compared to Barry! 

What about you? How much could you save?

Use our simple calculator and find out

Prepay today, nothing to pay tomorrow

5 reasons a prepaid funeral could save you money

1. Pay today's price - beat rising costs and premiums
2. No ongoing costs - the total cost will vary depending on the inclusions, but once paid in full there is no more to pay unless additional inclusions are incurred
3. Pay in instalments or upfront - you don't need to have the full sum ready at once
4. No extensive paperwork, health checks or membership fees needed - it's a simple and quick process
5. Tailor your plan to meet your needs - your funeral service, your way, to suit your budget

Funeral insurance policies require you to keep paying your premiums or they are not going to cover you. With a prepaid funeral you avoid that.

Get started today

Call us or request a call back and we walk you through the rest

1300 556 222       or        Request a call back

Compare prepaid v funeral insurance with our simple calculator tool

Please note: The figure of $6,000* is for comparison purposes only. As there is a wide range of funeral choices, your Prepaid Funeral Plan may be less or more expensive based on the choices you make.

My Details

Enter your age and gender to access your personalised comparison.

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Funeral Scenario

Here you can review the default values we use for our comparison or tailor the scenario to your funeral needs.

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Insurance Policy Details ^

Here you can review the default policy we use for the comparison or enter your own policy details to further personalise your comparison.

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My Results^^^

Your results are based on the choices you have made in the Calculator and compare the cost between a Prepaid Funeral, Funeral Insurance or No Protection.

Funeral Insurance

Premiums to pay over the next # years ***

$13,000

No Protection

One off payment in # years **

$13,000


Extra to pay with a Prepaid Funeral ^^ $0

Extra to pay with Funeral Insurance $0


* The default figure of $6,000 is for comparison purposes only. This value is an estimated average based on the Council on the Ageing estimates (http://www.cotansw.com.au/MediaPDFs/Funerals-Costs-2015.pdf). 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.

^ Funeral insurance figures are based on the assumptions made in the Rice Warner Actuaries Report, April 2015, Pre-Funding Funerals. For a copy of the report please contact our Prepaid Funeral Consultants.

# The guarantee assumes the funeral insurance benefit payout will be the greater of the premiums paid or the sum insured amount. 

***The default cover amount and funeral insurance results take into account your life expectancy, the effects of inflation, and the type of funeral insurance product detailed in the Review/Edit insurance details section. 

^^^ 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.

** This figure 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).

^^ 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.

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