What is Funeral Insurance?
Funeral insurance is an insurance policy designed to make sure your loved ones have access to the cash they need to pay for your funeral in the event of your death.
It is paid for in a series of premiums – which you can choose to pay fortnightly, monthly or yearly. You also have control over the amount insured too – you choose how much money you would like to be set aside to cover your funeral and other related expenses, and pay premiums to cover that amount. In the event of your death, your nominated beneficiary will receive a lump sum of money, known as the 'Funeral Benefit'.
Plus, thanks to our Value Promise Guarantee, we promise that you will never pay more in premiums than your loved ones will receive at claim time. We will either pay the sum insured, or the amount you’ve paid in premiums – whatever is greater.