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The Corporate Funeral Fund is a funeral bond that is specially designed and set up for Corporate entities who are Funeral Service Providers (FSPs) i.e. Funeral Directors, and for certain Member Organisations (MOs) e.g. an RSL or similar entity.

This innovative product, unique to Foresters, enables your business to streamline processes, allowing you to spend more time engaging with clients and their families. Importantly, it allows the flexibility of a bond structure without the need for client nomination.

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What is a Corporate Funeral Bond?

  1. 1.

    It is a tax paid investment to set aside money that can only be used to cover the funeral costs of a Life Insured. It also helps to protect families from the financial stress of a funeral.

  2. 2.

    As the corporate member, an organisation may take the bond out in their name as the legal owner of the bond and select multiple persons as the Life Insureds.

  3. 3.

    When a Life Insured dies, the claim is paid but the Bond does not “mature”, it remains open.

  4. 4.

    Important distinction: Customers make payments to Funeral Service Providers (FSP’s). For Member Organisations (MO’s), an individual does not make payments, the MO uses a portion of the “membership fee” they charge to make a savings contribution for the individual that can be accessed for funeral expenses.

Performance | Corporate Funeral Bond Market Linked Options
Net Returns 30 November 2024
Investment Options Inception date FYTD 1 Year
High Growth 30 November 2023 5.08% 12.09%

Past performance is not a reliable indicator of future performance. The value of investments can rise or fall, and investment returns can be positive or negative. The Figures shown are net investment returns, that is, after fees, costs and taxes have been paid over the set periods of time shown and may not reflect the actual returns experienced by investors due to timing of contribution receipts.

 

Benchmark long-term CPI+ investment objectives:

  • CPI + 4% pa for High Growth

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