A broad range of benefits
The following is a summary of the benefits of the Bendigo Funeral Bond.
Full details are contained in the Disclosure Document, which you can download from this page or pickup at any Bendigo Bank branch.
Peace of mind
A Bendigo Funeral Bond removes the financial concerns for family and friends and gives them the time to concentrate on supporting each other, rather than worrying about funeral expenses.
The protection of a capital guarantee
Your original and subsequent net investments – plus declared bonuses – are guaranteed upon your death.
Travel Protection Plan
The Travel Protection Plan is an optional benefit to the Bendigo Funeral Bond, that covers the transportation costs in the event of your death in Australia 70 km or further from your residential address. For a once-only payment of $150, you will be covered for the cost of transportation of your remains from the place of death to the funeral home of your chosen funeral director, up to a maximum of $3,000. The funeral director must operate within 70 km of your residential address. Issued by AIA Australia Limited (“AIA Australia”) ABN 79004 837 861 AFSL 230043
Financial planning advantages
There may be significant financial planning advantages associated with investing in the Bendigo Funeral Bond, including important taxation and pension considerations. Investments of up to $12,750 (current threshold for the 2017-18 financial year) are currently exempt from Centrelink and the Department of Veterans’ Affairs and assets test. We recommend that you consult your financial planner prior to investing in the Bendigo Funeral Bond.
Flexible ownership and contribution options
You can choose between individual or joint ownership of a Bendigo Funeral Bond. You can start a Bendigo Funeral Bond with an initial contribution of just $500 (plus a 2% contribution fee) and make additional contributions of at least $500 (plus a 2% contribution fee) whenever you wish. Alternatively, you can choose to invest via the regular savings plan from just $42 per month (plus a 2% contribution fee) until you have reached your desired investment amount.