What is Funeral Insurance?
Funeral Insurance is a type of Life policy that allows for a very quick payment on the person insured´s death. This enables grieving loved ones to be able to use this money to pay for the huge expenses that can be associated with funerals. Funeral Insurance policies will generally cover somebody up to $15,000 and this money is generally paid out within 48 hours of the claim. We have enough to be concerned about without having the additional stress and burden of the funeral expenses.
Do I need Funeral Insurance?
Answer this question.... If you were to die today, how would your family cope financially? Do you have a few thousand dollars in the bank which they could use to pay for your Funeral expenses? The problem is, we don´t know when we are going to die, if we did, we could plan more thoroughly. Provide you and your family with peace of mind.
Who should have a Funeral Insurance Plan?
The old adage rings true here, there are only two things certain in life, tax and death. Unfortunately the fact of life is, we are not invincible and we will die. The are two schools of thought here, I´ll be dead so why should I have funeral insurance and I want to make sure my family and loved ones don´t have to stress about paying for my funeral. Question is, how will you be remembered?
Can my kids can pay for my funeral?
Yes, they may be able to do so but your children could have their own kids, mortgage and car repayments, life can bring a lot of expenses as we know. Is it fair to leave your funeral expenses to your children?
How much money can I be insured for with a Funeral Insurance Plan?
Typically, cover for funeral insurance starts from a few thousand dollars up to fifteen thousand dollars, in some instances, Funeral Insurance companies will pay out double if you die from an accident, for example a car crash.
How much does a Funeral Insurance Plan cost?
Generally it depends on your age, but premiums can start from as low as a few dollars a week, often less than a cup of coffee. You can choose to pay these premiums fortnightly, monthly or yearly. Sometimes if you can afford to pay yearly, you may receive a discount for doing so.
How much does a Funeral really cost?
Research in 2008 has shown that a basic burial can cost around $8,000! Why do they cost that much money? There can be a lot of things to pay for:
- Burial plot
- Chapel/Reception room
- Food and beverages at the wake
Does the money for my Funeral Insurance Policy have to be used for the Funeral?
No, the Funeral Insurance Policy payout can be used for anything, you could even use it to leave a little nest egg behind for your children. When we die, as it´s unexpected, we might have outstanding bills, like mobile phone bills, car repayments, mortgage repayments etc, so rest assured your loved ones would also be able to use this money to be able to pay anything like that.
Do I have to get a medical or blood test to be accepted?
No, most Funeral Insurance companies will cover you for up to $15,000 with NO medical questions asked, guaranteed acceptance. This means if you do have health issues and have been rejected for other types ofÂ insurance before, that you will be able to get some cover in place for your family.
Who can get a Funeral Insurance Plan?
Funeral Insurance plans can be given to any permanent Australian resident aged between 17-80.
Can I cover my whole family?
Yes, most insurance companies will allow you to cover any of your family members in the event that they should go before you.
How do I get a Funeral Insurance Plan?
Simply fill in the form to the right and we will have a registered Funeral Insurance company call you.
Would you like a FREE quote?
If you would like a free quote you can simply fill in the form and we will have a registered Funeral Insurance company call you so that they can answer any more questions that you may have.