Paying for a Funeral

Members of the NFDA understand that, for some families, planning the funeral of a loved one is the hardest thing they will ever do.   Dealing with the death of a loved one is already a stressful time, and having to think about the possible financial burden of paying funeral costs is going to prove an unwelcome additional worry.    This can be a needless source of stress for families of the deceased where a pre-paid funeral plan is not in place.

How to pay for a funeral:

Bank Accounts:  Money in the bank account of a deceased person may be able to be accessed following the service to pay for the funeral service in full or part.   The bank will need a copy of the funeral account from the funeral director and, in some instances, will want to sight a certified copy of the death certificate before releasing the amount required to pay the funeral account.  Talk to the bank where the account is held about releasing the money to the funeral director in payment of their account.  Your funeral director will be able to help with advise and paperwork required.

Superannuation and Insurance:   When you die, your Superannuation fund is paid to the nominated beneficiary of your fund, along with the death benefits that may be associated with your fund.    A claim against any Life Insurance policies held in the deceased’s name can also be made.  The funds and insurance companies will require a certified copy of the death certificate to be supplied and, in many cases, they may not pay the balance of the fund and benefits of the policy until probate has been granted.   This may take quite a while to pay out to the beneficiaries and, in the meantime, family may have to make payment for the funeral service while waiting for probate of the will.    See Moneysmart for more information on Superannuation payments or contact the Superannuation Fund to obtain more information on making a claim.


Families who require financial assistance may find help in a funeral loan from NOW Finance. By taking out a loan, you can cover the cost of a funeral upfront then repay over a number of years. NOW Finance can even pay your funeral loan direct to the funeral director to save you having to do so.

NOW Finance Funeral Loan Benefits:

  • Borrow $4,000 to $25,000 to cover some or all of the funeral costs
  • Remove money worries when you’re grieving and your mind is elsewhere
  • Repay a NOW Finance funeral loan over 18 – 60 months
  • Fixed, competitive interest rates
  • Flexible repayment options; weekly or fortnightly repayments available
  • Funeral loans can be paid directly to your funeral director
  • Simple and friendly application process


Terms & Conditions:

  • Finance provided by NOW Finance. Australian Credit Licence Number 425142.
  • Speak to NOW Finance for a formal quote based on your circumstances and for the full terms and conditions.
  • A full credit and financial assessment would need to be completed prior to acceptance of any offer or product.


For more information, contact your NFDA member participating in this finance scheme, or talk to NOW Finance.