KeyInvest Funeral Bond
The KeyInvest Funeral Bond is a tax-effective way to ensure funds are available for your loved ones to carry out your funeral wishes.
KeyInvest’s Funeral Bond provides a way to plan and save for future funeral expenses. When the investor passes away, the bond is paid out to cover funeral-related costs, easing the financial burden on loved ones.
Funeral bonds may offer significant social security benefits. Recipients of means-tested government payments may qualify for higher payments due to the exemption that generally applies under the Assets and Income tests. Unlike funeral insurance, there are no age or health restrictions.
It’s more than an investment, it’s a way to ensure wishes are carried out and support family members through a challenging time.
The KeyInvest Funeral Bond has four Investment Options to select from:
- Capital Guaranteed Fund
- Conservative Index Fund
- Balanced Index Fund
- Growth Index Fund
Investors can switch between the Conservative Index, Balanced Index and Growth Index Funds or into the Capital Guaranteed Fund.
If invested in the Capital Guaranteed Fund you are not permitted to switch out into any other Fund under any circumstances.
Funeral bonds provide a way for individuals to plan and save for their funerals in advance, easing the financial burden on their loved ones during a challenging time.
An investor can make contributions over time in lump-sum payments or regular instalments. When the investor passes away, the money in the bond is paid out to cover funeral-related costs, such as caskets, cemetery plots, cremation, and other funeral services.
The funds can be assigned and paid directly to the funeral director, simplifying the process for the family. Unlike funeral insurance, there are no age or health restrictions applicable.
Funeral bonds provide reassurance and make it easier on loved ones to say goodbye and grieve. The unique tax-treatment of Funeral Bonds means they may also provide additional financial benefits depending on the circumstances.
KeyInvest Ltd AFSL 240667 ABN 74 087 649 474 is the product issuer. All the information is general information and factual in nature only, is not intended to be financial product advice, and does not consider the investment objectives, financial situation, or needs of any individual. You should consider whether the information is appropriate, having regard to your objectives, financial situation and needs before acting on the information. You should obtain and consider the Product Disclosure Statement and Target Market Determination for this product (available at https://keyinvest.com.au/forms-resources) before making an investment. You should also seek professional financial advice before making an investment decision. Past performance is not indicative of future performance.
KeyInvest is an independent member-owned mutual friendly society, dually regulated by the Australian Prudential Regulation Authority (APRA) as a life insurer, and the Australian Securities & Investments Commission (ASIC) as a financial product provider.
Founded in 1878 as the Independent Order of Odd Fellows South Australia (IOOFSA), KeyInvest has a long and proud history providing a range of services having operated as a credit union, retirement village developer and operator, and mortgage broker, but funds management has always been at the core.
KeyInvest merged with Australian Friendly Society Ltd in 2022, uniting two prominent friendly societies with strong footholds in the Australian funeral bond market. In 2023, KeyInvest became the first friendly society in Australia to raise additional Tier 1 capital which partially funded a 50% interest in non-bank lender, Keystone Capital Ltd.
KeyInvest is uniquely positioned to offer tax-effective wealth management solutions to support the unique financial needs of members, including Investment Bonds, Funeral Bonds and Wholesale Investments.
Craig has over 25 years in Senior Executive roles within the financial services industry across Australia and the Asia Pacific region, in some of Australia's largest organisations. His vast experience spans retail banking, enterprise lending, credit transformation, share investing, margin lending, private banking, and financial advice.
Dion has over 20 years’ experience in financial services and markets working in senior roles within the ASX and APRA environment and across corporate advisory, capital markets, M&A, funds management, investment management and corporate governance disciplines. Dion is a believer in embracing the lessons that history can teach us as well as the opportunities that emerging technologies can offer.
Gary has a distinguished career spanning over 40 years in the banking industry, with numerous senior roles across Financial Planning, Retail and Commercial Banking, and Small Business Banking. He has a collaborative leadership style, ensuring alignment of people with overall business objectives. Gary is a results-driven professional and adept at fostering cross-functional collaboration, providing strategic guidance to sales teams, and enhancing the customer experience and efficiency.
Andrew has over 30 years’ experience meeting the needs of clients in the financial services sector with senior roles in sales, operations, investments and product development. Andrew is a specialist in the Investment and Funeral Bond industry and is dedicated to delivering positive outcomes and service to the Pre-Paid and Funeral Bond markets.
Tom has over 20 years’ experience in financial services with roles across Advice Management, Product Management, Business Development, Paraplanning and Research. Through his time in Advice, Tom nurtures a passion for helping clients to live their best life, focusing on building client-centric solutions that deliver exceptional, enduring value.
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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