Reputable Funeral Insurance Companies In Australia
Planning for your final farewell can be a daunting task, especially when you want to ensure that your loved ones are not burdened with the costs of your funeral. That’s why many Australians choose to take out funeral insurance. Funeral insurance can help cover the expenses of your funeral service, burial or cremation, as well as any outstanding debts or bills you may leave behind.
But how do you find a reputable funeral insurance company in Australia? There are many factors to consider, such as the premiums, benefits, exclusions, claims process and customer reviews of each insurer. To help you compare your options, we have compiled a list of some of the best funeral insurance companies in Australia, based on their value and features. If you are interested in funeral insurance alternative, check prepaid funeral plans.
List of Reputable Funeral Insurance in Australia
1300 Ezicover Funeral Insurance
1300 Funeral Insurance offers Australian family’s peace of mind by providing coverage for funeral costs up to $15,000. You can purchase this insurance online starting at just $2.20 per week. With claims being processed within 24 hours of receiving the necessary documents, the policy ensures a lump sum payment to cover funeral expenses, including burial, ceremony, and other related costs. Ezicover Funeral Insurance
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This is an interesting read: Why Funeral Insurance Matters
Apia Funeral Insurance
Apia offers funeral cover ranging from $3,000 to $15,000. The payout is provided as a lump sum and is typically tax-free. The payment is processed within 24 hours, and there’s an additional 10% bonus cover after 5 years. You can customize the policy to fit your budget and specific needs. The cover starts from as low as $2.95 per week. Apia Funeral Insurance in Australia
Australian Seniors Funeral
Seniors Funeral Insurance offers a lump sum payout ranging from $3,000 to $15,000 to your family upon your demise. Claims are efficiently processed within one business day upon receipt of all necessary documents, ensuring your family receives the financial support they need with ease. Starting at age 85, you won’t have to pay any further premiums, and guaranteed acceptance is provided for Australian residents aged 40 to 79, eliminating the need for medical screenings or complex paperwork. In case of a terminal illness diagnosis, the full benefit is paid out, allowing you to plan your end-of-life wishes without financial concerns. Australian Seniors Funeral
You might want to read Cost of Senior Funeral Insurance
Insuranceline Funeral Insurance
Insuranceline offers financial support in the form of a lump sum payment of up to $15,000, designed to assist with funeral and other unforeseen expenses upon the passing of you or your loved ones. Insuranceline provides affordable cover starting from as little as $2.75 per week. The best part is, when you apply, they won’t require any information about your medical history. Available to Australian residents aged between 25 and 80. It comes with level premiums, an Early Payout Option, 10% Bonus Cover after 5 years and more. Insuranceline Funeral Insurance
Suncorp Funeral Insurance
Suncorp Funeral Insurance offers coverage for accidental death, extending to all causes of death after the initial 12 months. The policy provides a lump sum payout ranging from $3,000 to $15,000 upon application, with the potential to increase it to $25,000 post-policy establishment. This payout, generally tax-free, aids your family in managing expenses such as funeral costs and debts. The claim approval process is swift, ensuring a payout within 24 hours and featuring no waiting period. Additionally, an early payout choice permits receiving 120% of the benefit after turning 85, though potential tax implications need consideration. Opting for annual premium payment results in an 11-month payment schedule. Suncorp Funeral Insurance.
Zurich Ezicover Funeral Insurance
You have the option to select coverage ranging from $5,000 to $15,000. Zurich offers insurance coverage to individuals who are Australian citizens or Permanent Residents, and are between the ages of 35 and 70. Zurich Ezicover Funeral Insurance. You may also be interested in knowing the various types of funeral insurance in Australia
Guardian Funeral Insurance
Choose a flexible cover amount ranging from $3,000 to $15,000 to align with your family’s funeral expectations, all without the hassle of medical exams or health checks. You can swiftly set up your coverage, dedicating just a few minutes, and continue with your daily routine. The policy covers terminal illness diagnoses, granting the full benefit amount if you’re diagnosed with a terminal illness after a year of holding the policy. In the event of accidental death, the payout triples, providing extra funds for unforeseen expenses. As you age, options remain flexible; at 85, you can retain the policy at no added cost until age 100 or conclude the coverage and receive 75% of the benefit. Joint policies are available, ensuring both partners are covered. If you’re an Australian resident aged 40 to 79, guaranteed acceptance is assured. Payouts are prompt, generally within a business day after completing a claim. Upon turning 100, you’re guaranteed the benefit amount, and a 30-day money-back guarantee exists if you change your mind within a month of purchasing the policy with no claims made. Guardian Funeral Insurance. It might interest you to read Tips For Finding Cheap Funeral Insurance Australia In 2023
Funeral Insurance Companies In Australia FAQs
How do I compare funeral insurance companies in Australia?
You can compare funeral insurance companies in Australia by looking at:
- The amount of cover they offer and how it increases over time
- The premiums they charge and how they change over time
- The features and benefits they provide, such as accidental death cover, terminal illness benefit, or premium caps
- The exclusions and limitations they apply, such as waiting periods, age limits, or cancellation fees
- The customer reviews and ratings they receive from other policyholders
You can use comparison websites like Finder or Canstar to compare different funeral insurance policies and providers.
What are the best funeral insurance companies in Australia?
There is no definitive answer to this question, as the best funeral insurance company for you may depend on your personal needs, preferences, and budget.
How do I cancel my funeral insurance policy in Australia?
If you want to cancel your funeral insurance policy in Australia, you need to contact your provider and inform them of your decision. Depending on your policy terms and conditions, you may have to pay a cancellation fee or forfeit any premiums you have paid. You may also lose any benefits or discounts you have accumulated.
Can I get a refund on my funeral insurance premiums in Australia?
Most funeral insurance policies in Australia do not offer refunds on your premiums if you cancel your policy or outlive your cover. However, some providers may offer premium caps or refunds as an optional feature or benefit.
How do I make a claim on my funeral insurance policy in Australia?
If you need to make a claim on your funeral insurance policy in Australia, you or your beneficiaries need to contact your provider and provide them with the following information:
- Your policy number and personal details
- A certified copy of the death certificate
- A completed claim form
- Any other documents or evidence they may require
Your provider will then assess your claim and pay out the benefit amount if it is approved.