A Funeral Bond is like a savings plan where money is set aside for the funeral. The money accumulates interest and is usually started with an amount between $1000.00 and $12,000.00. It is also possible to set up a direct debit from your nominated bank account or simply add to the bond occasionally at Morleys Funeral Home. A Funeral Bond on its own has no Contract associated with it that Guarantees Full Payment has been made; it is simply a Savings Plan. When the bond is needed it is claimed and contributes to the Funeral costs. Any funds not used are refunded to the estate of the deceased in due course.