How it Works
Understand the planning process
How prepaying for a funeral protects your family from rising costs
Funeral costs are rising. But taking control today means your family won’t face that financial pressure down the track.
Over the last two decades, the average price of a funeral in Australia has steadily increased due to inflation, service fees and growing personalisation options. For families who aren’t financially prepared, these rising costs can create unexpected stress at an already emotional time.
A prepaid funeral plan helps safeguard against these expenses by locking in today’s prices – ensuring that no matter how much funeral costs rise, your loved ones won’t have to pay more. With Guardian Plan, you can prepay for your funeral at today’s prices, giving your family financial clarity and peace of mind.
Preventing the sting of rising funeral costs
A funeral in Australia can cost anywhere from $4,000 to $15,000, depending on the type of service, location and inclusions. Funeral costs have increased in recent years and are expected to continue trending upward. By prepaying for your funeral, you may avoid:
- paying significantly more in the future due to inflation
- facing unexpected out-of-pocket expenses
- relying on personal savings, credit or loans to cover funeral costs.
By prepaying for a funeral, you can lock in today’s prices, ensuring that your chosen funeral service is fully covered at the agreed price at any time in the future.
How prepaying for a funeral works
A prepaid funeral plan allows you to plan and pay for your funeral in advance. It gives you full transparency of the costs, and means you can choose what you want.
Here’s how it works:
- Choose your funeral plan
Select the type of service, provider and inclusions that suit your needs.
- Lock in your choice at today’s prices
Your costs are fixed, ensuring you never pay more than agreed*.
- Select a payment method
Pay in full or in instalments that suit your budget^
- Rest assured your funds are secure
Funds are held by the Over Fifty Guardian Friendly Society Limited under APRA regulation.
Once everything is arranged, your family won’t have to make difficult financial decisions during a time of grief. Everything is already taken care of*.
*A Government Levy may be payable upon the time of need depending on your state.
^Any outstanding instalment balance is required to be paid at the time of arranging the funeral.
Key benefits of prepaying for a funeral
Lock in today’s prices
Funeral costs continue to rise, but a prepaid funeral plan protects you from inflation. Pay once and your funeral expenses are covered – no matter how much prices increase.
No unexpected costs for your family
Your loved ones won’t have to scramble to cover expenses. Everything is arranged and paid for in advance, removing financial uncertainty. They may also wish to make additions at their own expense.
Flexible payment options
Not ready to pay everything upfront? Guardian Plan offers flexible instalment options, making it easier to fit prepayment into your budget.
Maximise your pension
Prepaid funeral plans may be considered exempt from pension asset tests, allowing you to secure your financial arrangements without impacting your pension payments*.
*We recommend you check your eligibility for the exemption
Free to move
Unlike many other prepaid funeral plans, Guardian Plan offers nationwide flexibility. If you relocate, your plan can move with you to one of 240+ funeral locations in our network.
Start planning today
Whether you’re ready to start planning or still have questions, we’re here to help. Our team of funeral specialists are available 24/7.
1800 220 888
