Frequently asked questions about Funeral Insurance
We know it’s a difficult topic, but discussing your ideal funeral arrangements with your family, while keeping your budget in mind, will allow you to make an informed decision about funeral insurance.
Yes, you get to nominate who receives the lump sum paid out – otherwise known as the Funeral Benefit – in the event of your death. Whether yours is a single or joint policy, you can nominate one beneficiary.
You can insure up to 2 people on any one policy. Each person insured is also a policy owner.
Yes, you can get a policy on behalf of someone else as the person who pays the premiums does not need to be the same as the person who is insured.
If you’re struggling financially, there are two options for you: the Premium Freeze Benefit (only applicable to Stepped premiums), which will keep your stepped premiums the same each year, or the Premium Pause Benefit, which will pause your premiums for up to 3 months over the life of your policy.
Yes, and exclusions apply for the first 12 months after your policy start date.
Yes, as long as you're aged between 45 and 75 (inclusive), an Australian or New Zealand Citizen or permanent resident, and residing in Australia at the time of applying for the insurance policy.
Funeral Insurance offers you the peace of mind that your loved ones won’t be left with a financial burden when you pass due to expenses from funeral costs.