What is Funeral Insurance?

Funeral Insurance is a type of Life Insurance. Funeral Insurance can be offered to any person regardless of your own personal medical and health condition. This means you are able to pay a regular premium in order to have an insurance policy which can pay a lump sum on your death to your nominated beneficiary.

What can your nominated beneficiary do with the money?

Essentially the money that gets paid out from your Funeral Insurance policy can be used to pay for all of your final expenses. This includes funeral costs, any outstanding bills or you can leave it to your nominated beneficiary as a little nest egg.

How much cover can I get?

Generally in Australia you can take out up to $15,000. Although the more cover you take out, the more expensive your regular payments will be.

How much is a funeral?

Research in 2008 has shown that a basic funeral can cost in excess of $8,000.

Why are funerals so expensive?

Funerals can be expensive because there are lots of things to pay for, these include caskets, which can vary dramatically in price, caskets come in cardboard right through to solid gold. You will need to be transported to and from your funeral service, depending on how far the hearse needs to travel will depend on the cost. Flowers, most people like to have flowers at their funeral, bouquets and flowers can vary in price depending on seasons. Food and beverages, most families and loved ones will put on a basic spread of food and beverages for people attending the wake. So as you can see, funerals can add up very quickly, especially if there is lots of people in attendance.

If you were to die today, how would your family cope financially? Funeral Insurance can cover you for up to $15,000, generally paid out within 48 hours, for more information use the enquiry form on the right, and an Authorised Representative will contact you to discuss further, or get a free quote by clicking here.