Plan your funeral arrangements with payment certainty
The PrepaidPlus Funeral Plan is designed for people who want to combine funeral pre‑planning with financial certainty.
It allows you to plan your funeral arrangements in advance and set funds aside to cover those arrangements, reducing both emotional and financial burden for your family.
PrepaidPlus is offered through H Parsons and facilitated by Foresters Financial, a regulated Australian provider.
What is the PrepaidPlus Funeral Plan?
The PrepaidPlus Funeral Plan is a pre‑paid funeral plan that brings together two important steps:
1. Recording your funeral wishes
2. Paying for your selected funeral arrangements in advance
It is a three‑way arrangement between you, your chosen funeral director and Foresters Financial. Your funeral director works with you to record your wishes, and Foresters securely holds the funds until they are needed.
PRE‑PLANNED FUNERALS
How the PrepaidPlus Funeral Plan works
- You meet with your funeral director to discuss and record your funeral wishes
- Your funeral arrangements are finalised in advance
- Funds are set aside through the PrepaidPlus Funeral Plan
- Foresters Financial securely holds those funds
- When the funeral is needed, the funds are released for the arrangements you have planned
This structure helps ensure everything proceeds as intended, without leaving financial decisions to your family.
What does the PrepaidPlus Funeral Plan include?
With PrepaidPlus, you can:
Plan your funeral arrangements in advance
Pay for your funeral ahead of time, either upfront or by instalments
Lock in today’s prices for the funeral you have selected
Funds are securely managed by Foresters Financial in line with regulatory requirements
and are specifically allocated toward your funeral arrangements.
Who the PrepaidPlus Funeral Plan may suit
The PrepaidPlus Funeral Plan may suit people who:
- Want certainty around funeral arrangements and costs
- Have already started funeral pre‑planning
- Want to remove financial decision‑making from their family
- Prefer a structured plan rather than flexible savings
- Keeps your legacy simple and tax‑smart
PrepaidPlus Funeral Plan and Centrelink
Amounts invested in an eligible pre‑paid funeral plan are generally exempt from assets testing for certain government benefits, such as the Age Pension and aged care assessments, up to allowable limits.
As Centrelink rules and individual circumstances vary, independent financial advice should be considered and information confirmed with Services Australia.
PrepaidPlus Funeral Plan vs Funeral Bonds
Both PrepaidPlus and funeral bonds help people plan funeral costs in advance, but they work differently
PrepaidPlus Funeral Plan
Links payment directly to selected funeral services and locks in today’s prices.
Funeral Bonds
Focus on setting funds aside, with flexibility over future funeral arrangements.
Some people begin with a funeral bond and later move to a prepaid funeral plan. Others choose one option based on their preferences and circumstances.
PrepaidPlus Funeral Plan frequently asked questions
It is a pre paid funeral plan that allows you to plan your funeral arrangements in advance and set funds aside to cover those arrangements.
Yes. It builds on funeral pre planning by adding financial provision to recorded wishes.
Yes. Payments can be made upfront or by instalments.
Yes. The plan allows you to lock in today’s prices for the funeral you have selected.
Funds are managed by Foresters Financial in line with regulatory requirements.
Your funeral arrangements are recorded as part of the planning process and can be reviewed if circumstances change.
Speak with our team about the PrepaidPlus Funeral Plan
If you would like to understand how the PrepaidPlus Funeral Plan fits with funeral pre planning, our team can guide you through your options calmly and clearly.
