Funeral Payment Options
If you would like to take the next step and pay for your funeral now, there are 3 options available to do this.
In all cases, monies paid by you to Kings Funeral Services are held in trust by a Friendly Society or a Capital Guaranteed Bond.
The funds are never held, nor in the control of Kings Funeral Services or related parties at any time.
Kings Funeral Services complies fully with the Funerals (Pre-Paid Money) Act 1993.
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Option 1
- Your funeral director will guide you through arranging the funeral you want and explain the services and products available, and the costs involved.
- Once the type of service and cost have been agreed you can pay the whole amount in one payment.
- This guarantees that Kings Funeral Services will carry out the funeral as arranged whenever it is required in the years to come.
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Option 2
- Your funeral director will guide you through arranging the funeral you want and explain the services and products available, and the costs involved.
- You may wish to pay for your funeral by instalment. This is done by making an initial deposit and regular monthly instalments over 1, 2 or 3 years.
- Before the final payment is made the funeral is re-calculated to include any increases in costs over the period of payments.
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Option 3
- You can invest in a funeral bond which is a simple and effective way to invest money and accumulate benefits to meet the cost of your funeral expenses in the future. This investment is similar to a life insurance policy in which your benefit becomes payable on death and must be used towards meeting the cost of your funeral expenses.
- Currently $10,250 is the maximum amount allowed for investment in a funeral bond.
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Kings Guarantee that:
- You have the peace of mind in knowing that what you have planned and paid for will be carried out according to your wishes when the time comes. The money you pay for your pre paid funeral plan is held independently, invested and safeguarded until it is required.
- It is a good practice to keep your contract along with other important documents in a safe place, and inform your family or legal representative where they are kept.
- You have the peace of mind in knowing that what you have planned and paid for will be carried out according to your wishes when the time comes.
