Financial Advisers can now apply for the KeyInvest Funeral Bond online. This new initiative has been welcomed by advisers as demand for Funeral Bonds reaches an all-time high due to the changes to the Asset test that commence 1 January 2017.

General Manager Financial Services at KeyInvest, Andrew Meinel says “Financial Advisers are looking to product providers to drive efficiencies in their business helping them to lower the cost of delivering advice to clients. The Funeral Bond online application allows them to apply for a Funeral Bond is just 2 minutes without the need to post any paperwork to KeyInvest.”

Under the new Centrelink asset test rules, Funeral Bonds can deliver up to a 7.8% pa return on investment just through the increase to the age pension alone. KeyInvest’s capital guarantee also gives the client peace of mind.

Advisers can access this new initiative through KeyInvest’s Advisers Portal. Meinel explains that “If Advisers don’t have access to our Portal they can apply by completing an Adviser Portal Access Application Form”.

This initiative is the first a number of product and service enhancements being made by KeyInvest.