Protect those you love from high funeral costs

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Why Funeral Insurance?

Ultimate peace of mind for your loved ones

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The cost of a funeral in Australia starts at around $4,000 and can go up to $15,000,1 depending on the kind of service you choose. That’s a great deal of money for your family to have to come up with at a time when they’ll be under emotional stress.

Taking out funeral insurance is one way you can help protect them at this difficult time – so they can honour your memory in the way that you choose, without being burdened by high funeral costs.

Take care of unpaid bills

In your last days, you may not be able to completely take care of all your affairs. So it’s possible that – in addition to funeral costs – you could also leave behind unpaid expenses such as credit cards or bills.

Our Seniors Funeral Insurance cover pays a lump sum benefit to your loved ones quickly – they can use this money to take care of any extra costs as they arise. They can choose how to spend the money, so it can be used wherever it’s needed most.

Choose your own cover amount

When you take out Seniors Funeral Insurance, you decide the benefit amount your loved ones will receive – from $3,000 to $15,0002. That way you can choose what’s most appropriate for you and your family, so you can be confident they’ll have the financial support they need.

Understand your Policy

Lots of people have questions about funeral insurance – so before you take out Seniors Funeral Insurance, here are a few things you need to know.

Firstly, the benefit we provide is a lump sum payment only. In other words, we don’t provide any funeral, burial or cremation services. It’s also important to understand that Seniors Funeral Insurance isn’t a savings product. So if you decide to cancel your Policy prior to age 85, no Benefit Amount is payable.

Finally, we offer a 30-day cooling off period, in which you can read the policy documents and decide if its right for you. If it is not and you write to us within the first 30 days, we will cancel your policy and refund you the premiums you have paid, so long as you haven’t lodged a claim in this time. Once this 30 day period is over you won’t get a refund if you decide to cancel your Policy.

Protect yourself against rising premiums

Seniors Funeral Insurance also protects you against rising insurance premiums – in fact, your premiums are guaranteed to reduce over time, unless you choose to change your cover. We reduce your premium by 5% for every five years you hold your Policy, and with our Top Cover we also give you choice. This means when the time comes, your family will receive your covered amount or all of the premiums you’ve paid in for your cover – whichever is greater OR once you turn 85 you can choose to cancel your cover to receive an Early Cash Back payment of 150% of your funeral insurance benefit.

Get a quote

Protecting your family from high funeral costs can cost less than you think.

To find out how little it can cost to protect your family from high funeral costs, talk to our friendly, Australian-based customer service team today. You can get a quote over the phone in minutes – call us on 1300 078 596.

Find out more

If you still have questions, you’ll probably find the answers in our handy list of Frequently Asked Questions. Make sure you also read our Product Disclosure Statement to find out whether this product is right for you.

  1. ASIC, MoneySmart: Paying for your funeral, November 2014.
  2. Benefit paid for Accidental Death only in the first 12 months.