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The plan can be tailored to your wishes, but you might like to consider things like:
There are two options to pay for your funeral in advance with Millingtons.
You can pay in a lump sum, funeral costs you pay up to $15,500 (as of 1 July 2024)
do not count in your assets test for payments from Services Australia.
Or pay by instalments which can be arranged through direct debit or similar.
Yes, anyone is eligible for a Millingtons prepaid funeral
The leftover funds will be returned to the beneficiaries.
The great thing about the funeral bond is its flexibility, allowing you to change your wishes or add funds to your policy at any time.
A pre-paid funeral can be opened in single or joint names. A pre-paid funeral can only be used for one funeral, so if the plan is held in both names, the money can only be used to pay for the expenses of the funeral arrangements of one service. To ensure that both joint applicants are covered for their funeral expenses, it is highly recommended that two pre-paid funeral plans are completed.
Has a death occured or are you organising funeral arrangements ahead of time? Let us assist you.