The Australian Friendly Society is excited to announce the update of its existing Bendigo Funeral Bond and the launch of the Australian Funeral Bond.
We are currently updating our website to incorporate the product update and enhancements and also our online application form and will relaunch the site shortly. You can also access additional information about the Travel Protection Plan and its Disclosure Document here.
Funeral Bonds
Following its formation in 1969 and in the years since, the Australian Friendly Society (AFS) has focussed on endeavouring to achieve strong returns for its members whilst striving for excellence in service.
Taking care of your funeral costs can remove financial concerns for your family and friends at a difficult time. The Australian Funeral Bond and the Bendigo Funeral Bond offered by the Australian Friendly Society are capital-guaranteed savings and investment plans that solely accumulates funds to meet the cost of your funeral expenses.
Pension Changes
On 1 July 2019, the Australian Government implemented changes to the assets test used to calculate pensions.
Investments of up to $13,250 (current threshold for the 2019-20 financial year) in a funeral bond such as either the Australian Funeral Bond or the Bendigo Funeral Bond, are exempt from Centrelink and the Department of Veterans’ Affairs income and assets tests. For more information on the changes to the pension assets test, please contact Centrelink, Department of Veterans Affairs or your Financial Adviser.
Financial Adviser
The Bendigo Funeral Bond has received an ‘Approved’ rating from Lonsec.*An ‘Approved’ rating means the structure provides an adequate means for investors to gain exposure to the underlying investments. Lonsec believes “the Bendigo Funeral Bond has a suitable structure to meet the product objectives”.
Financial Advisers are able to view the report below by registering through the Financial Advisers login and then logging into their account.
*(External research house – Terms and Conditions apply and can only be accessed by Financial Advisers.)
