How to Make Your Funeral Pay for Itself

Published on Fri Mar 7 2025 in Money

Planning for the inevitable is never easy, but ensuring your funeral costs are covered can provide peace of mind for you and your loved ones. While funerals can be expensive, there are ways to make sure your final farewell doesn’t become a financial burden. Here’s how you can make your funeral pay for itself.

1. Consider Funeral Insurance

One of the most straightforward ways to cover funeral costs is through funeral insurance. With Momentum Life’s Funeral Insurance, you can ensure your loved ones receive a lump sum payout to cover funeral expenses and any remaining debts. Unlike traditional life insurance, funeral insurance is designed specifically to provide quick access to funds when they are needed most.

2. Prepay Your Funeral

Many funeral providers allow you to prepay for your funeral, locking in today’s prices and avoiding rising costs. Websites like Funeral Directors Association of New Zealand offer directories of funeral homes that provide prepayment plans.

3. Consider a Green or Low-Cost Funeral

Eco-friendly funerals are becoming increasingly popular. Not only are they better for the environment, but they also tend to be less expensive. Opting for a direct cremation or a natural burial at locations like Natural Burials NZ can help reduce costs.

4. Set Up a Dedicated Savings Account

Another option is to create a dedicated funeral savings account. A high-interest savings account or an investment fund can grow over time and be specifically designated for funeral expenses. Check out Sorted NZ for financial planning tools and advice.

5. Use Crowdfunding or Estate Planning

Some families turn to crowdfunding platforms like Givealittle to raise funds for funeral expenses. Additionally, proper estate planning ensures that assets are allocated efficiently and can help ease financial burdens on family members.

By planning ahead and choosing the right financial protection, you can ensure your funeral costs are covered without leaving loved ones in financial distress. Momentum Life’s Funeral Insurance offers a simple and affordable way to secure peace of mind. Purchase it today and take control of your future.

 

The content provided in this article is for information purposes only. The information is of a general nature and does not constitute financial advice or other professional advice. To the extent that any of the content constitutes financial advice, it is limited to Momentum Life products only and does not consider your specific financial needs or goals. You should consider whether the information is appropriate for you and seek independent professional advice, if required.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.