Compare Funeral Insurance

So you have decided to get Funeral Insurance, but how do you compare and choose one company over the other? In Australia there are only a handful of companies who offer Funeral Insurance.

Companies that offer Funeral Cover are:

Real Life Insurance, InsuranceLine, Zurich, Tower, Aussie and a couple of others.

Each of these companies can provide you with a quote online, but that could be a bit painful going to each website and entering in your details in several times. If you enquire using our enquiry form we will be able to give you indicative pricing of each of these Funeral Companies prices.

A question to ask any of these companies when joining is are my premiums level or stepped? Stepped premiums increase as you get older, so while they are cheaper while you are young, often when you get older, some people may not be able to afford them and are forced to cancel their policies, with the insurance company keeping all of those years worth of premiums.

Level premiums, general you will have to pay more to get an equal amount of cover as Stepped but you have the peace of mind knowing that your policy wont increase. You do need to be mindful though of inflation, this means if you take $5,000 cover today, what will that buy you in 30 years time? Perhaps it may still buy you a funeral but historically it wont, so ask your Funeral Insurance company if they have inflation protection.

If you have any questions, please enquire using the enquiry form.