Although many might think that only the cost of a funeral must be paid for when a loved one dies, this is certainly not the case. The average cost of a funeral in Australia can begin from as little as $2600 for a basic cremation and extend to over $7000 for a complete funeral service. There are several costs associated with death in Australia.
The funeral director will charge fees for the several services they complete for a bereaved family. These services include:
The good news is that the above funeral costs are negotiable. Many funeral directors will work with the family to help them decide which aspects of the funeral process are unneeded.
In addition, there are disbursements. Disbursements are paid on the bereaved family’s behalf by several establishments involved in the funeral process. They include:
How to Get Funeral Costs Covered
There are two ways to pay for funeral costs: ia a life cover and the obtaining of funeral insurance. The dependants are the ones who benefit most from life cover, as a portion of the policy can be allocated to funeral expenses, thus reducing the burden on those left behind.
Funeral insurance may be required in addition to life cover if it is not already a part of the latter. Funeral insurance allows beneficiaries to receive a lump sum, which can be used to cover the expenses of a funeral. This option works well for those who are unable to obtain life cover. The costs for funeral insurance and life cover will depend on the unique needs of the individual, and so thorough examination of all policy details is strongly recommended.
How to Reduce the Cost of a Funeral
Keeping flower arrangements small can greatly reduce their cost, as can how people are notified of the death. Consider calling friends and loved ones to notify them instead of placing a newspaper ad if attendance numbers will be small.
Getting at least 3 quotes for funeral costs can definitely assist with saving money. And check to see whether or not a family plot exists before paying for additional plots.
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