Final Expenses

No-one wants to leave their family with outstanding bills and other expenses when they pass away.  Not only funeral costs, but utility bills, phone bills, rent and outstanding loans which may have to be sorted out.  Ensuring these costs are taken care of in advance can be your way of helping make sure your family won’t have to struggle to quickly come up with cash .

Benefits at a glance:

  • Up to $30,000 in final expenses cover and a double payout for accidental death – up to $60,000.
  • Express payout of up to $4,000, generally within 24 hours of sending in your completed claim requirements.
  • Accidental death cover for the first 12 months, then cover for any cause of death thereafter.
  • Easy online or over the phone application - no medical tests required, and guaranteed cover for Australians aged 50 to 75
  • Receive a payout of your full benefit when you turn 90, so you can get the most from your later years.
  • FREE easy to use Will Kit that could save your family from unnecessary stress and legal fees.

The Final Expenses Plan pays a lump sum benefit to your family if you die, so they can take care of any expenses you leave behind, including unpaid bills and funeral costs.

Designed especially for the over 50s, the Final Expenses Plan is an easy way to protect your family from financial worries at a distressing time. You choose your own cover amount, up to $30,000. If you die, we’ll pay an immediate benefit of $4,000 to help with urgent costs, like arranging a funeral. We’ll also pay double the amount paid if you die as a result of an accident. And when you reach age 90, you’ll receive your full payout, to help you enjoy your later years in comfort.

Great reasons to take out Final Expenses Insurance from InsuranceLine: 

We’ll help protect your family.

If you die from anything other than an accident, we’ll pay a tax-free benefit up to $30,000. If you die as a result of an accident, we’ll pay double your chosen cover amount, and you’re covered from day one.

We’ll give you choice.

Choose the cover amount, the waiting period (accidental death cover period for the first 12 or 24 months), then choose from a range of flexible payment options.

We’ll make things easy.

If you’re an Australian resident aged 50 to 75, you can take out the plan online or over the phone in minutes, and you’re guaranteed cover with no medical tests. There’s even a 30 day money back guarantee.

We’ll speak in plain English.

We’ll explain everything clearly with no jargon whatsoever, so you’ll know exactly what’s covered and what isn’t.

We’ll be there when they need us most.

If your family ever need to make a claim, we make the process as stress free as we can, with personal attention from an experienced Claims Manager. And as soon as your claim is accepted, we’ll make a $4,000 advance payment to help your family through this difficult time.

Want to know more about a Final Expenses Plan? Read the Final Expenses Plan Product Disclosure Statement, call 13 77 87, get a quote today or apply online.

When you’re over 50, it can be harder to find life insurance. The Final Expenses Plan can help take care of the costs you may leave behind and to leave a little extra for your loved ones.

If you’re between 50 and 75 and don’t have life insurance (or would like a bit more), then the Final Expenses Plan may be for you. Since we can’t pick our time, we may not be able to cover all our expenses, including our funeral, before we go, leaving them to our loved ones to sort out. With the Final Expenses Plan, your family will get the benefit amount you choose (double if you die from an accident), with an immediate payment of $4,000. So you can relax knowing that they won’t be left out of pocket while waiting for your Estate to settle.

To find out more about the Final Expenses Insurance Plan and whether it’s right for you, call us on 13 77 87 or read the Final Expenses Plan Product Disclosure Statement.

You can take out up to $30,000 in cover. How much you choose is up to you, and will depend on the amount you think your family might need. Remember, whatever you choose, we’ll pay double if you die from an accident.

With flexible fortnightly or monthly payments, the Final Expenses Plan is an easy, affordable way to make sure your family’s not caught short if you die. 

Want to know more about a Final Expenses Plan? Call 13 77 87, get a quote today or apply online.

At InsuranceLine, we'll answer all of your questions in plain English, so you know exactly where you stand.

Here you can find answers to the most common questions we get asked about the Final Expenses Plan. For anything else, call us on 13 77 87 or read the Final Expenses Insurance Plan Product Disclosure Statement.

What’s covered and what’s not?
With the Final Expenses Plan, you’re covered for:

  • Double your chosen benefit amount for accidental death from day one.
  • Your chosen benefit amount if you die from causes other than an accident (including terminal illness) after the Accidental Death cover period) has ended. If you die from causes other than an accident during that time, we won’t pay your benefit, but we will refund 100% of the premiums you’ve paid.
  • Your chosen benefit amount if you live to the plan renewal date after you turn 90.

Accidental death is a death caused solely by violent, accidental, external and visible means. It does not include death by natural causes or sickness.

What is the Accidental Death cover period?
With the Final Expenses Plan, you can choose your Accidental Death cover period - either 12 or 24 months. If you die of any cause except accidental death in this time, we’ll refund 100% the premiums you paid.

You are covered for accidental death as soon as your policy starts.

What happens if I leave out information at the time of application?
It's very important to give us all the information we request when you take out the Final Expenses Plan, and to answer all of our questions honestly and completely. If there’s a claim, we’ll need to check your medical records - and if it turns out you didn’t reveal something important, we may have to refuse the claim.

That’s not something we want to do, especially when your family is under stress, so it’s best to be open with us from the start.

Can I get cover at any age?
We’ve designed the Final Expenses Plan to take the hassle out of getting life insurance after age 50. So if you’re an Australian aged 50 to 75, you’re guaranteed cover - with no medical tests required.

You can continue your Final Expenses Plan until the renewal date following your 90th birthday. On that date, we will pay you the full amount you’re covered for, and your policy will end.

Will my premiums go up?
With our Funeral Plan, we give you a choice of premium plans. Depending on the option you choose, your premiums may increase over time.

Stepped premiums

 

 

 

 

 

 

With a stepped premium plan, your premium is linked directly to your age. Stepped plans can help you reduce the cost of your premiums early on, but they will increase as you get older. Choose between a one-year stepped plan, which increases your premium every year, or a five-year stepped plan, with increases every five years.

 

 

 

 

Level premiums

 

 

 

 

 

 

If you prefer to know in advance how much your premiums will be, you can choose a level premium plan. While these premiums are higher up front, you’ll always know how much you need to pay, and your premiums will never go up.

 

 

 

 

Remember, your premiums will go up if you add another person to your policy or increase the cover amount.

If I cancel my policy, will I get a refund?
When you take out a Final Expenses Plan, we give you a 30 day money back guarantee - so if you cancel your final expenses policy in the first 30 days, we’ll give you a complete refund.
After that, there are no refunds. Your policy simply gives you final expenses insurance cover - it is not a savings plan.

But remember, if you keep your policy until the renewal date after your 90th birthday, we’ll pay you the full benefit amount you’re covered for - up to $30,000. No questions asked.

What happens if I can’t pay my premium?
Let us know immediately if you can’t pay a premium so we can help you work out an alternative arrangement. Your final expenses cover will cease if your premiums are more than 30 days overdue and you will lose this valuable benefit.

Remember, if you hold your final expenses insurance until the renewal date after you turn 90, we will pay you the full benefit amount, no questions asked.

Are my premiums tax deductible?
Based on current tax laws, you can’t usually claim your Final Expenses Plan premiums as a tax deduction. However, individual circumstances vary, and you should always consult an accountant or financial advisor for matters relating to tax.

Who will I be dealing with during my claim?
You will be given a dedicated Claims Manager whose details will be on the accompanying cover letter that we’ll send in the event of a claim.  They will personally oversee your case and help you work through the details of your claim.

You can contact your dedicated Claims Manager while you are settling your claim. They will explain anything that is not covered here or talk through any concerns you might have.

Want to know more about a Final Expenses Plan? Call 13 77 87, get a quote today or apply online.


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