That’s the finding of a study commissioned by BARE, a new entrant in the funeral industry that offers more personalised and cheaper funeral options.
Paying for funerals can be a big financial burden at a time of grief and stress with the average funeral costing around $7500. Funeral insurance is not value for money with many people paying far more in premiums than the cost of the actual funeral.
New less expensive services offer pre-payment for cremation, and opportunities to devise an individualised funeral and send off with your family and friends. These don’t require a funeral director, viewing and other traditional services thus cutting costs. A cremation can be held first with an individualised event later. A pre-arranged funeral, however you plan it, takes the stress off your family at a time of intense grief and allows you to devise your own event, whether that’s a service or a more celebratory affair.
Although contemplating death is uncomfortable, it’s never too early to have a conversation with your family and make a plan.
More information:
- Moneysmart: Paying for a Funeral
- BARE: Guide to planning a funeral
- CHOICE: Should you get a pre-paid funeral?
- NSW Fair Trading: Funerals
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Older Women’s Network NSW
The Older Women’s Network in NSW believes in a society rich in social capital, where mutual respect and trust are paramount, where diversity and debate are valued and where people and their networks have a legitimate voice.
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Older Women’s Network NSW
8-10 Victoria Street,
Newtown NSW 2042, Australia.
+61 – 2 – 9519 8044
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We acknowledge the traditional custodians of the land on which we work and live, and we pay our respects to Elders past and present.
We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples.
OWN NSW supports the Uluru Statement from the Heart, the call for a First Nation's Voice enshrined in the Australian Constitution and a Makarrata Commission to oversee agreement-making and truth-telling.