Planning ahead with funeral bonds in Warrnambool

A funeral bond is a simple and secure way to plan ahead for future funeral expenses. It allows you to set funds aside now, easing the financial burden on your family later and giving you peace of mind knowing everything is in place when it’s needed.

What is a funeral bond?

A funeral bond is a dedicated investment that can only be used for funeral expenses. After the cooling-off period (14–30 days depending on the provider):

  • Funds cannot be accessed until the policyholder has passed away
  • The bond can only be used for funeral-related costs
  • It accumulates interest over time to help offset rising funeral expenses.

Why consider a funeral bond?

Funeral bonds can:

  • Help you prepare and plan ahead
  • Ease financial pressure on your family and loved ones
  • Provide clarity, organisation, and peace of mind.

Centrelink and DVA exemptions

For those eligible for government benefits, funeral bonds are:

  • Exempt from Centrelink and DVA income and assets tests if:
    • You have no more than two funeral bonds in total, and
    • The combined value does not exceed the annual funeral bond limit.

The current bond limit is $15,750 per person (or joint policy) from 1 July 2025*

* This limit may increase each financial year.

Flexibility

You may choose to:

  • Nominate Guyetts Funerals as your preferred funeral director, or
  • Take out a funeral bond independently.

If Guyetts is nominated:

  • We can process the claim at the time of passing
  • We can liaise with the funeral bond provider on your behalf
  • You may transfer your bond to another funeral director if you move or your needs change.

Excess or insufficient funds

  • If your funeral bond has more funds than required, Guyetts Funerals will arrange for the excess to be returned to your estate after the funeral
  • If your bond has insufficient funds, an invoice for the remaining amount will be issued to the estate.

Fees and commissions

  • Funeral directors do not receive commission for setting up funeral bonds
  • There is no cost for appointments held during normal business hours.

Making an appointment

We’re here to guide you through the process at your own pace.

You can:

  • Book an appointment with no obligation
  • Request product disclosure documents via email or post
  • Collect documents from our office at 56-60 Verdon Street, Warrnambool
  • Request a home visit if preferred.

Phone: 03 5562 2622
Email: admin@guyetts.com.au

Ready to learn more or book an appointment?

We’re here to help you plan with clarity, dignity and confidence.

Contact our team today to begin the conversation.