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.
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.
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.