Pre-Planning FAQS


What can a Guardian Plan include?

We encourage you to discuss these options with our specialist to create the plan that suits you.

  • Professional guidance, information and ideas about what is important to you and assistance with any final details, such as newspaper notices.
  • Transfer of the deceased during business hours into the care of your nominated funeral home, within a maximum radius of 70 kilometres.
  • Mortuary care for the deceased prior to the funeral, including preparation for viewings.
  • Provision of coffin or casket.
  • Attendance of experienced funeral director at the funeral ceremony, viewings, crematorium or graveside.
  • All necessary documentation.
  • Provision of hearse and other vehicles.
  • Cremation arrangements.
  • Cemetery fees.
  • Press notices.
  • Floral tributes.
  • Clergy fees.
  • Travel Protection Plan for when you are temporarily away from home.
  • Should you wish to pre-purchase a right of burial (including burial plots, crypts and related monument works) or cremation, your Guardian Plan consultant will assist you to make contact directly with the appropriate cemetery or crematorium.


What happens to the money I pay?

Guardian Plan bears the investment risk associated with your funds, not you. The funds are invested with The Over Fifty Guardian Friendly Society Limited. The Society appoints investment managers with appropriate expertise to manage the investments of the funds, in accordance with guidelines established by the Society.

You can rest assured your money is held safely until the time comes for your funeral to be finalised, and the services will be provided according to the wishes you set out in the contract.


Can I pay by instalments?

Yes. Once you agree the price of your Guardian Plan, you can either:

  • pay in full; or
  • pay an initial 30% contribution, followed by monthly instalments over 36 months.

You may authorise a direct debit against your bank account so the payments happen automatically.

If the Guardian Plan is required before the instalments are fully paid, then provided your payments are up-to-date, Guardian Plan can ensure the payments are put towards the agreed funeral. Any shortfall will be payable to the funeral director at that time.

Can I cancel my Guardian Plan?

Guardian Plan invests your funds with The Over Fifty Guardian Friendly Society Limited on your behalf. You are entitled to cancel the Guardian Plan within 30 days, or such other period as required by legislation, of receiving the Society’s Policy Confirmation Letter.

After the Cooling Off Period you cannot cancel or reduce the services written in the plan, and the money can only be used to pay for funeral expenses.


Will the cost of my Guardian Plan ever increase?

No, you and your family are protected against inflation.

Will my pension be adversely affected?

No, your Guardian Plan is exempt from both the assets test and deeming rules. Entering into a Guardian Plan may help you qualify for the pension or increase your part-pension, if you meet the ATO criteria. Please ensure you read the disclosure document and seek advice prior to making any decisions.

Will prepaying a funeral service affect my personal income tax position?

No, your prepaid funeral plan benefits come free of any personal tax implications.

Is there a waiting period or accidental death restriction?

No, once paid in full, the Guardian Plan will be provided in accordance with your wishes. If the plan is required before it is paid in full and the instalment payments are not in arrears, our policy is to invite the family to finalise payment. This will ensure you receive the full benefits as per your plan.

What if I move?

If you move interstate you can transfer your Guardian Plan to another one of our accredited funeral homes in more than 250 locations across Australia. Find your closest accredited funeral home.

Please note prices cannot necessarily be guaranteed on a transfer, as there are price differences between states. The funds you paid are required to stay in the secure investment you have arranged and can be accessed by the new funeral director at the time of the funeral.

What if repatriation is needed?

Guardian Plan can arrange repatriation from anywhere in Australia to your nominated funeral director so your funeral can take place where you intended. A Travel Protection Plan covers additional funeral-related costs which are incurred when death occurs whilst travelling away from the normal place of residence. (Subject to terms and conditions contained in the Guardian Plan contract.)

Prearranging a memorial

If you have prearranged your funeral, which covers your funeral service needs, it makes sense to consider prearranging your memorial too. All InvoCare Memorial Parks and Gardens offer the option of arranging a burial or cremation memorial ahead of time for yourself or your family. Prearranging a memorial means you secure a permanent memorial type and position in a memorial park cemetery or garden, and pay for it at today's price.

Organising a memorial in advance has a number of financial and emotional benefits. We recommend you speak to the Memorial Park or Memorial Garden you are interested in about which memorials they currently have available.

What’s the difference between Guardian Plan and funeral insurance?

Funeral insurance requires you to keep paying premiums or your cover will lapse, no matter how much you have already paid. Over time, that may cost a lot more than a Guardian Plan. Use our calculator to compare the cost of a Guardian Plan with funeral insurance or leaving your family to pay for your funeral when the time comes.

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).