Funeral Insurance
Funeral Insurance Explained
What is Funeral Insurance?
Funeral Insurance is an easy, quick and cost effective solution to a problem that unfortunately many Australians face at least once during their lifetime. Death is inevitable for all of us, however while your loved ones are grieving the loss, dealing with Funeral preparations, and finding a way to pay for it, can add an extra level of distress through a very difficult time.
Funerals are expensive and many people don’t realize the costs involved. An average funeral can cost in excess of $8,000 and finding this money quickly can be stressful and even cause family disputes.
Example of Funeral Costs:
| Funeral Director | $900.00 |
| Burial Plot | $3,400.00 |
| Casket | $1,000.00 |
| Flowers | $150.00 |
| Hearse | $500.00 |
| Associated Fees | $900.00 |
| Medical Fees | $200.00 |
| Catering | $1,000.00 |
| Total | $8,050.00 |
Funeral Insurance generally pays out quickly, usually within 48 hrs of a completed claim, which means your family will receive the money quickly and have the peace of mind that paying the bill is one less thing they have to worry about whilst coming to terms with losing a loved one.
How do I get Funeral Insurance?
Applying for insurance can be an arduous task at the best of times; however the application process for Funeral Insurance is simple and easy. There are several reliable and reputable insurance providers that offer this product with similar application processes. You can simply pick up the phone and with a 10 minute conversation you will be supplied with a quote and policy. There are generally no medical questions or costly visits to the doctor as the majority of providers offer guaranteed acceptance between 0 and 80 years. Simply agree on coverage and premium amounts and you can purchase a policy over the phone.
Most policies are extremely flexible in who you can cover, with options for a single policy covering just yourself, family policies covering your spouse/partner and children under 18 at generally no extra charge. You also have options of covering children over 18, parents and other relatives.
What features does a funeral insurance policy offer?
- coverage generally up $15000 directly payable to your nominated beneficiary
- double/triple pay outs for accidental death
- payouts generally within 48 hours of completed claim requirements
- no medical questions or visits to the doctor
- easy and simple application processes
- coverage for multiple family member under the one policy
- flexible cover and premium options to suit your budget