Time to make a plan.

A Funeral Bond is a specialised investment which enables an individual to accumulate funds to meet future funeral expenses. An investment in a Funeral Bond is similar to a life insurance policy, whereby the benefit becomes payable on death. The benefits must be used to meet an individual’s funeral expenses. A Funeral Bond is an investment towards the cost of a funeral and by itself does not guarantee against rising funeral prices. 

Below is  link to the Bendigo Bank website that may answer some questions.