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.

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

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 – and beat rising costs.

2. No ongoing costs – 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 or health checks 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.

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.

The Calculator

Compare the funeral costs of a prepaid funeral plan, funeral insurance and no protection in a few simple steps.

Please note: the figure of $7,800 is for comparison purposes only. 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.

Full disclaimer available below the calculator.

Sorry there is an error with the values entered. Use whole numbers only.


  • Prepaid Funeral Plan

    With a prepaid funeral plan you pay for your future funeral service today, all at once or in easy to manage instalments.

  • Funeral Insurance

    With funeral cover from an insurance provider you pay a monthly premium until you pass away in order to benefit from the insurance pay out.

  • No Insurance or Prepaid Funeral

    This sum is indicative of what your funeral spend selected above would be after inflation at the time of your estimated life expectancy.



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 (

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).



Simplicity Funerals makes planning for a future funeral service easy.

By locking in costs at today's prices, you save money and beat price rises forever.
Send us your details below and a Simplicity prepaid consultant will call you back to discuss a prepaid funeral plan. We're always available for a call on 1300 556 222.

It's that simple.