You can either download the PDS (in PDF format), or read it in full below.

The Funeral Plan is promoted by InsuranceLine Pty Ltd, and is insured by TOWER Australia Limited.

Who can apply for the Funeral Plan?

If you are a new InsuranceLine customer aged 17 to 80 and a permanent Australian resident, acceptance is guaranteed, without a medical. All it takes is a phone call. A family plan covers you, your partner and all your financially dependant children under 18. Plus there's at least a 10% discount for other relatives aged 80 or under.

What are you covered for?

You're covered worldwide, 24 hours a day, 7 days a week. There is just one simple restriction: For the first 12 or 24 months, depending on your choice, you are covered for Accidental Death only. Accidental Death means a death caused by violent, accidental, external and visible means. After the Accidental Death period, you are covered for all causes of death. If you do die from a cause other than Accidental Death during the Accidental Death period, you won't receive your cover amount, but we will refund 100% of the premiums paid for that person.

What's the cooling off period?

You get 30 days to make sure you are 100% happy with the policy. If not, simply return it for a full refund - there's no risk to you! It is guaranteed.

How much does it cost?

Option 1: Stepped premiums

Your premium rate is calculated each year based on your age at that time:

• Premiums start lower than Level premiums
• Premiums go up each year as you get older

If you want peace of mind knowing that you are always paying a premium that is relevant to your age at that time, this option may suit you.

Option 2: Level premiums

Your premium rate is calculated based on your age at the time of application:

• Premiums start higher than Stepped premiums
• Premiums don't go up each year as you get older

If you want peace of mind knowing that your premiums won't be re-calculated each year just because you get older, this option may suit you.

The weekly costs quoted are for the 12 month Accidental Death period. Fortnightly, monthly and annual payment options are available. A discount applies for annual payments. Family Plan premiums are calculated based on the age of the eldest member of the nominated family. After age 90 cover continues for free. Inflation protection ceases at age 90 for Stepped premiums and age 80 for Level premiums. Minimum fortnightly premium is $5.90 for ages 45-80. Minimum cover amount for ages 17-44 is $5,000.

How much cover can you have?

Cover up to $15,000 is available. For ages 17-44, the minimum cover is $5,000. For those over age 44, the minimum premium is $2.95 per week ($5.90 per fortnight). The maximum benefit payable per life insured (plus any indexation), under all TOWER policies with similar benefits and conditions is $15,000. Plus - if at any time anyone covered by the Funeral Plan dies as the result of an accident, we will double the amount of cover.

If you cancel your policy, do you get anything back?

If you cancel within 30 days of your policy being issued you will get a refund of any premiums paid. The Funeral Plan is not a savings plan and has no residual cash value, so if you cancel after the first 30 days you will not get anything back.

If you increase your cover or add another person to the policy, how does the Accidental Death restriction work?

The 12 or 24 month Accidental Death restriction applies to any new person added to your policy, or to the amount of the increase in cover you've requested (your existing cover is not affected). After the applicable 12 or 24 months, cover is for any cause of death.

What happens if you stop paying your premiums?

The cover provided by the Funeral Plan will cease. We will inform you when your cover has ended.

Will your premiums ever increase?

The underlying premium rates for both stepped and level premium options are not guaranteed but you will never be singled out for a premium rate increase, and any increase will be applied to all policyholders, with 30 days written notice.

• For Stepped premiums inflation protection is automatically included. For Level premiums inflation protection is optional.
• For both premium options, additional premiums are charged if you add additional adult lives to your policy (e.g. such as parents or grandparents) or increase your cover. With inflation protection, your cover will increase each year by the change in CPI or 5%, whichever is greater. As you'd expect, your premiums will also increase.

Will you get a discount if you pay your premiums annually?

Yes, if you pay annually you will be paying the equivalent of 11 months' premiums.

Are your premiums tax deductible?

Generally, the premiums paid will not be tax deductible nor will the benefits be assessable for income tax purposes. The taxation information in this PDS is based on the continuation of present laws and their current interpretation and is a general statement only.

Who do you contact if you have a complaint?

In addition to promoting the Funeral Plan, InsuranceLine is also currently responsible for the day-to-day administration of Funeral Plan policies under an agreement with TOWER to provide administration services for Funeral Plan policies. If at any time you have a dispute or complaint about your policy please contact the InsuranceLine Customer Service Centre in the first instance on 13 77 87 or in writing to Reply Paid 62, Carlton South, VIC 3053. Should you wish to escalate your complaint please ask to speak to the Complaints Officer who will handle your matter personally. InsuranceLine will be acting on behalf of TOWER in addressing any complaint relating to the policy. If you feel your complaint is not resolved within 45 days of reporting it to InsuranceLine, you may refer your complaint to an external dispute resolution service - the Financial Ombudsman Service (FOS) - on 1300 780 808 or in writing to GPO Box 3, Melbourne, VIC 3001. To use this external free service you must have first used the above internal dispute resolution service.

The information in this PDS is general advice only. It does not take into account your individual objectives, financial situation or needs. You should consider the appropriateness of this product having regard to your objectives, financial circumstances and needs.

The Funeral Plan is promoted by InsuranceLine Pty Ltd, Level 3, 4 Martin Place, Sydney, NSW 2000, ABN 39 084 666 017, AFSL No 243260

The Funeral Plan is insured by TOWER Australia Limited, 80 Alfred Street, Milsons Point, NSW 2061, ABN 70 050 109 450, AFSL No 237848

This PDS is issued by TOWER Australia Limited on 1/12/2006. From time to time updates about this product will be published by TOWER on the InsuranceLine web site at www.insuranceline.com.au.

The InsuranceLine Funeral Plan is a trademark of InsuranceLine Pty Ltd.

This summary describes how the direct debit request system works. Upon issue of your policy, you will also receive a full copy of the Direct Debit Request Service Agreement. You should read the Agreement carefully as it explains your rights and obligations relating to your ongoing direct debits.

When you complete your bank details and sign the authority, you are authorising the direct debit of the appropriate premiums from your nominated account. Your authority will be kept confidential at all times.

If your premium cannot be paid (for example there's not enough money in your nominated account) your bank may dishonour that payment, in which case your policy may lapse and all cover cease.

If you have concerns about its operation or you subsequently need to change any aspects of the authority, please notify us.

From time to time updates about our services which are subject to change and which are not materially adverse to you may be found on the InsuranceLine website at www.insuranceline.com.au and if you request a paper copy of any updated information, this will be provided to you without charge.