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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.

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Whatever your financial goals, we share your ambition. Get in contact with our Partnerships Team today.

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