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What is funeral insurance?

Funeral insurance provides valuable financial assistance to your family to help pay for your funeral, and other unpaid bills, when you pass away. It helps to ensure your final expenses are taken care of, relieving your loved ones during this emotional time.

How funeral insurance works?

Funeral insurance is paid in the form of a lump sum benefit your family can use to pay immediate expenses, such as your funeral service or any outstanding debts you may have.

It works in much the same way as other types of insurance, where you pay a fortnightly or monthly premium calculated according to factors such as your age and the amount of cover you require.

While traditionally burial services were always held in a church, mosque, temple, synagogue, or other religious building, of recent times there has been more of a trend to personalising the service and having the service in parks, by rivers, on beaches, and even at local football ovals.1

What it covers?

A funeral in Australia can cost anywhere between $4,000 to $15,0002, which can be a large sum of money for your family to find at short notice. Having funeral insurance means they can provide you with a fitting send-off that honours you and celebrates your life in a manner that suits your individual style.

By choosing a benefit amount that matches your needs, you and your loved ones can take comfort in the knowledge that whatever immediate expenses may arise at the time of your passing, your funeral insurance will cover them.

A funeral insurance lump sum payout can be used to cover things such as:

  • your funeral service
  • outstanding bills or expenses
  • any immediate financial needs your family may have at the time.

What to consider when purchasing funeral cover?

When deciding whether funeral insurance is right for you, you should consider the style of funeral you would like and then ask yourself whether your family could afford to pay for it at short notice? In most cases, the answer would be ‘no’ and this is where funeral insurance can help to cover the costs and other related expenses.

Who normally pays for your funeral?

In most cases, the responsibility for arranging and paying for your funeral falls on your next of kin (your spouse, child, parent, legal partner or sibling). So, by taking out funeral insurance, you can take comfort in the knowledge that you are giving them one less thing to worry about when the time comes.

You should consider the following when choosing the benefit amount of your funeral insurance cover:

  • the likely cost of your funeral service
  • any bills or small unpaid debts that you may leave behind.

Your family might be eligible for a government bereavement payment, depending on your financial circumstances at the time of your passing3, but when compared with the cost of the average funeral, it may fall considerably short of what would be needed.

Funeral expenses will vary depending on your personal wishes and your family’s needs, but at the very least costs can include:

  • funeral director fees
  • burial fees or cremation fees
  • flowers
  • catering
  • death certificate
  • celebrant
  • newspaper notices
  • casket.

Learn more about how much funerals can cost.

Will I pay more in premiums than the total benefit paid?

With some providers, the answer might be ‘yes’, but with Seniors Funeral Insurance Top Cover you’ll never pay more in premiums than the total benefit paid to your family.

When the time comes, your loved ones will be paid either your cover amount or all of the premiums that you’ve paid in – whichever is greatera.

How can Australian Seniors help?

Upon your death, Seniors Funeral Insurance will pay a lump sum to your loved ones up to $15,000, usually within one business day of receiving completed documents.

The benefits of Seniors Funeral Insurance include:

  • Choose cover that suits your needs from $3,000 up to $15,000
  • With our Top Cover, when you claim, receive your covered amount, or all of the premiums you’ve paid in – whichever is greatera
  • 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 benefitb
  • No forms, medical exams or blood tests required to apply
  • Guaranteed acceptance for Australian residents aged 18–79
  • Premiums that reduce by 5% every 5 years that you hold your policy
  • Triple your benefit amount if your death is due to an accident (up to $45,000)
  • 30 day cooling-off period with money back guarantee.


  1. Where is an appropriate place to hold a funeral? Councils decide as mourners move away from traditionABC News
  2. Paying for your funeralAustralian Securities and Investments Commission
  3. Bereavement PaymentDepartment of Human Services

Things to know

Cover for Accidental Death only in the first 12 months.

  1. 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.
  2. 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.
  3. Based on a single plan, providing a $3,000 benefit for a person aged 60. 

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant Product Disclosure Statement available on this website prior to purchasing.