When you compare funeral insurance with a pre-paid funeral plan and funeral bonds, you may find that funeral insurance offers more benefits and greater peace of mind.

What is funeral insurance?

Funeral insurance gives your loved ones an immediate lump sum benefit when you pass away. You can choose the amount they receive and, rather than having to make a large upfront financial investment, you can simply pay a fortnightly or monthly premium over time.

Read more about funeral insurance.

What is a pre-paid funeral plan?

A pre-paid funeral plan requires you to plan and pay for your funeral upfront before you pass away. Even if your funeral director allows you to pay in instalments, there is likely to be a large, non-refundable deposit required upfront.

A pre-paid funeral plan gives you full control over the details of your funeral service, and the funeral costs are likely to be fixed at current prices, which won’t rise with inflation or market fluctuations.

62% of Australian Seniors plan to be cremated instead of buried when they pass away.1

What is a funeral bond?

Funeral bonds are an investment product that allow you to put money aside for your funeral. In a way these bonds are an enforced savings account, as the funds from the bonds can only be withdrawn once you have passed and are to be used to pay for your funeral.2

Cover the people that matter most

Why choose funeral insurance over a pre-paid funeral plan?

Full cover, whatever you’ve paid

With Seniors Funeral Insurance, you’re immediately covered for your chosen benefit, from $3,000 up to $15,000, no matter how much or how little you’ve paid in premiums.3 This is in contrast to a pre-paid plan, where you may be required to pay upfront and in full.

With the average cost of a funeral in Australia being $4,000 to $15,0002, this can be a welcome relief for your family at a time when they need financial support most.

No decisions to make

Apart from selecting your cover amount and nominating your beneficiaries, there are no major decisions to make when you take out funeral cover. You can leave all the details of your funeral service in your will, without having to finalise arrangements and pay suppliers upfront.

Flexible payout

A funeral insurance payout can be used by your family for whatever is needed at the time. This could include putting your financial affairs in order and settling your outstanding bills or personal debts.

This flexibility is not possible with a pre-paid funeral plan, which locks your money away until you die and cannot be used for any other purpose than your funeral.

Easy application

Organising a pre-paid funeral plan can be complex and time consuming. It requires you to make a number of decisions regarding your funeral service, and to commit to suppliers upfront.

With Seniors Funeral Insurance, on the other hand, the process is easy. Just pick up the phone and you’ll be covered in minutes, if you’re an Australian resident between the ages of 18 and 79, you’re guaranteed cover with no medical or blood tests required.

Funeral Cover from $6.03 a week4

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Everything you need to know about funeral insurance

Freedom of choice

Australian Seniors gives you the freedom to choose, with your choice of cover from $3,000 to $15,000, which is paid in full when you pass away regardless of the premiums you’ve paid.3

Read more about why you should choose funeral insurance over other forms of funeral cover.

How Australian Seniors can help

Seniors Funeral Insurance will pay a lump sum to your loved ones (up to $15,000) when the times comes, to be spent as needed to cover immediate expenses.

Benefits of choosing Seniors Funeral Insurance

Choose a level of cover that suits you

Seniors Funeral Insurance pays a lump sum to your family from $3,000 to $15,000 upon your death, with cover for Accidental Death only in the first 12 months.

A quick payout to your family

Claims are usually paid within 1 business day of all completed documentation being received, so you can be sure your family has the financial help they need with little fuss.

Receive your covered amount, or all of the premiums you’ve paid in

When you make a claim under our Top Cover policy, your family will receive the covered amount or all of the premiums you’ve paid in – whichever is greater*

Getting cover is easy

If you’re an Australian resident aged 18 to 79, you’re guaranteed cover. No medical screening, complicated paperwork or blood tests required.

Costs that go down instead of up

We promise that your premiums will reduce by 5% every five years you hold your policy

More control over your policy

Choose a payment frequency that works for you and your budget and list up to 5 different beneficiaries.

Early cash back option

With our Top Cover, you have the choice to cancel cover when you turn 85 to receive an Early Cash Back payment of 150% of your benefit^

Triple benefit for Accidental Death

From the day your Policy starts, your loved ones will receive triple your benefit amount if your death is the result of an accident – up to $45,000.

Triple benefit for Accidental Serious Injury

Seniors Funeral Insurance includes, at no extra cost, Accidental Serious Injury cover at three times your chosen benefit amount. So you’re covered for defined significant life-changing events caused by an accident, up until the age of 75.

See more benefits

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Everything you need to know about funeral insurance

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1. The Australian Seniors Series: The Circle of Life Survey – Australian Seniors Insurance Agency

2. Paying for your funeral – Australian Securities and Investment Commission

3. Cover for Accidental Death only in the first 12 months

4. Based on a single plan, providing a $3,000 benefit for a person aged 60.


* This is subject to you keeping your policy in force and without changing your level of cover. There is no refund of premiums after the cooling off period. If your policy is cancelled prior to age 85, no benefit is payable.

^ If you choose the Early Cash Back option, you will no longer be eligible to claim and you may receive less than the total premiums you’ve paid into your policy to date

Cover the people that matter most today

For total peace of mind for your entire family, call our friendly team now. We’re here 8am to 8pm Monday to Friday and 9am to 2pm Saturdays on 1300 078 596. You can also request a call-back at a time that suits you.