Funeral Insurance

At InsuranceLine, we'll answer all 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 Funeral Insurance.

For anything else, call us on 13 77 87 or read our Funeral Insurance Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG).

• What are the different ways I can pay for my funeral?

  There are a number of options when it comes to paying for your funeral. Here are a few examples:
  - Leave money for your family to pay
  - Pre-pay with a lump sum or regular installments
  - Buy funeral bonds
  - Take out Funeral Insurance
  
  Read more about different ways to pay for your funeral.

• What’s covered with InsuranceLine Funeral Insurance and what’s not?

  With our Funeral Insurance, you’re covered for:

  • Accidental death from the minute your application is accepted. In fact, we’ll double the payout for accidental death while you’re still paying Funeral Insurance premiums.
  • Death from any cause after the first 12 months of your policy. If you die from a cause other than an accident within the first 12 months, we won’t pay a benefit, but we’ll refund 100% of the premiums you’ve paid.

  Please see our Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG) for full details on what is and isn’t covered.
  
  

• What is Accidental Death?

  Accidental Death means a death as a result of physical injury caused solely and directly by violent, external and visible means, while Cover is in force. It does not include death arising from:

  • Actual or attempted intentional self-injury or suicide
  • Sickness, medical or surgical treatment
  • The taking of intoxicating liquor or drugs other than those prescribed for the life insured and taken in the correct dosage 

• What are my payment options?

  We’ve made our Funeral Insurance flexible so you can choose a payment option that fits your budget and lifestyle. You can pay fortnightly, monthly or annually – and you have a choice of two payment options – Level or Level Advantage. When you choose to pay your premiums annually, you’ll enjoy 12 months for the price of 11.

  Compare and choose the right payment option for you:

  	Level	Level Advantage
  At what age can I take out cover?	21-80	21-70
  How do my premiums work? Your premiums will be displayed on your Policy Schedule	Level premiums guaranteed for life – unless you make changes to your policy+.	Level premiums guaranteed for life – unless you make changes to your policy+.
  How long will I be paying premiums for my Funeral Insurance?	Until you reach 90 or the amount that you pay in premiums equals twice your cover amount, provided you don’t make changes to your policy+.	Until the amount that you pay in premiums equals your cover amount, provided you don’t make changes to your policy+.
  How do I know which payment option works best for me?	You’re aged 80 or under. You’d like to pay less in premiums knowing that your premiums will be capped at twice the amount of your chosen cover amount.	You’re aged 70 or under. You can afford to pay a little more in premiums ongoing so that you won’t pay more in premiums overall than your chosen cover amount.

   

• Can I get cover at any age?

  If you’re an Australian resident aged 21 to 80, you’re guaranteed acceptance for our Funeral Insurance with no medical tests when you choose our Level payment option. After you turn 90, on the anniversary of your policy, we’ll cover you for free – with no more premiums to pay!

• Will my premiums go up?

  With our Funeral Insurance, your premiums are guaranteed to remain level for life. That means that the premium you pay when you first take out your cover will stay the same throughout the life of your policy, unless you make changes to your cover – for example, if you add Extra benefits or more people to your policy, or increase your cover amount.

• If I cancel my policy, will I get a refund?

  When you take out Funeral Insurance with InsuranceLine, we give you a 30 day money back guarantee - so if you cancel your policy in the first 30 days, we’ll give you a complete refund. After that, there are no refunds. Your policy simply gives you funeral insurance cover - it is not a savings plan.

• What happens if I can’t pay my premiums?

  We understand that today's financial demands on your family can be tough, so if you're having trouble paying a premium, please contact us immediately to talk it over. We may be able to work out an alternative that better  suits your budget that still allows you to leave your loved ones protected.

  Your cover is only valid if your premiums are paid when due, so if you stop paying your premiums, your cover will end.

  However, if you have selected our Lifetime Protection option, once you’ve held a Funeral Insurance policy for 5 years and paid your premiums when due, your family will still be eligible for a partial payout – even if you cancel your cover, or stop paying your premiums.

• Are my premiums tax deductible?

  Based on current tax laws, you can’t usually claim your Funeral Insurance 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 my family be dealing with during a claim?

  When the time comes, we make the process as straightforward as forward as possible. When your family or beneficiary make a claim, a Claims Manager will personally oversee this claim and help your loved ones work through any details or questions, and help them access the financial assistance your cover provides as soon as possible.

  Want to know more about our Funeral Insurance? Get a quick quote and apply online now or call 13 77 87 today.