Why Funeral Insurance?

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.

You choose a cover amount to suit you, and pay ongoing premium payments, usually fortnightly or monthly. In the event of a claim, your beneficiary will receive your cover amount.

Learn more about how funeral insurance works.

In most cases, funeral insurance premiums are not tax deductible. But there’s generally no tax on the benefits that you or your beneficiaries will receive.

However, it’s always possible that tax laws may change in future. What’s more, this may not apply to your specific situation. So, it’s important to seek qualified professional advice about the tax implications of any insurance product.

Yes, as long as your parents are Australian residents aged 40 to 79 you’re eligible to apply for Seniors Funeral Insurance.

‘Accident’ means an event resulting in bodily injury occurring while the Life Insured is covered under this policy, where the injury is directly caused by an unintentional accidental, violent, external and visible means where the injury is not self-inflicted.

An Accident due to or directly contributed to by the following is excluded:

• intoxication by or being under the influence of any drugs or controlled substance, including but not limited to prescribed medications, marijuana and hashish (as defined in the state where the Accident occurred); unless administered on the advice of a Medical Practitioner and taken as prescribed by such Medical Practitioner.
• for motor vehicle accidents, being under the influence of alcohol or having a blood alcohol level at or above the legal limit at which it is unlawful to operate a motor vehicle or motorised device (as defined in the state where the ‘Accident’ occurred).

‘Accidental Death’ means a Life Insured dies as the direct result of an Accident, where either:

• death occurs within 30 days of the Accident; or
• life support measures are first initiated within 30 days of the Accident, and death occurs within 14 days after those life support measures are ceased;
  and where death occurs while the Life Insured is covered under this policy.

The Youpla Group, also known as the Aboriginal Community Benefit Fund (ACBF) sold insurance policies to First Nations people and went into liquidation in March 2022.

To help the families of fund members affected by the collapse, the Australian Government is running a support program for those affected. 

Youpla Support Program (valid from 1 July 2024) 

The Youpla Support Program commenced on 1 July 2024 and will continue until 30 June 2026. Eligible recipients will not need to apply or register, Services Australia will make contact by phone. It may take some time for Services Australia to contact everyone. If a request is urgent, please contact Services Australia or if you think Services Australia may not have your up-to-date contact details you can contact Services Australia and update this information. 

Need further assistance?

1. For more information about the Youpla Support Program, go to niaa.gov.au/Youpla or call Services Australia on 1800 136 380. 
2. If you have any questions about your Seniors Funeral Insurance policy and you are a Youpla customer, please contact us (02) 8886 8468.