Funeral Insurance

Upfront fast payout

Up to $15,000, usually within 24 hours of claim approval. Accidental Death Cover only in the first 12 months of your policy.

Bonus 10% cover

An extra 10% of your average funeral cover after 5 years, at no extra cost.

Annual discount

12 months’ cover for the price of 11 when you pay annually.

No medical or health questions

Guaranteed acceptance if you meet age and residency criteria.

Flexible cover

Your choice in how much you’re paid out, from $3,000 up to $15,000.

Flexible payment options

Pay fortnightly, monthly, or annually.

Early Payout option

On your policy anniversary after turning 85, cash out your policy and get 120% of the average cover amount. Applicable to Funeral Cover only and excludes any Bonus Cover or extra Accidental Death Cover.

100% Value Promise

Upon claim, we’ll pay the greater of your cover amount plus any Bonus Cover, or 100% of the premiums you paid. The Value Promise does not apply to the optional Accidental Death Benefit. There is also a 70% Value Promise option available that can reduce your premium.

Family discounts

Add another adult to your policy and each person will receive a 5% discount.

Affordable cover

Starts from as little as $2.75 per week.*

* Based on $3,000 cover for a 40-year old with 70% Value Promise when paying annually (total annual premium of $143.00). Premiums depend on age, cover amount and Value Promise selection at application. Funeral Insurance cover is for Accidental Death only in the first 12 months of cover. Terms and conditions apply to each of these summaries of key product features. See the Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG) for details.

Accidental Death Cover

If you select this optional cover, you can get extra financial support for your family if you pass away as a result of an Accidental Death. See the Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG) for details for more details about what qualifies as an Accidental Death (some exclusions apply).

When your cover starts you are only covered for Accidental Death for the first 12 months. This means that a claim would not be paid for death that is not an Accidental Death in the first 12 months of taking out Insuranceline Funeral Insurance cover (or, following any increase, in respect of the increased portion). If you die from causes other than Accidental Death within the first 12 months, we’ll refund the premiums you paid so far for funeral insurance. You’ll be covered for all causes of death 12 months from the date your cover commenced.

Exclusions on Accidental Death Cover: A claim will not be paid for an Accidental Death that is caused by participating in unlawful activity, acts of war, undertaking a dangerous occupation or dangerous pursuits, self-injury or suicide, injury as a result of any self-inflicted act including attempted suicide, the taking of intoxicating liquor or drugs taken other than as prescribed.

Please see our Combined PDS & FSG for full details on what is and isn’t covered by the policy.

• The Early Payout Option may affect entitlements to the age pension and other government benefits and may have income tax implications. You should consider these impacts and get advice if necessary, before exercising this option.
• If you are replacing another insurance policy, you may lose valuable benefits so you should consider the terms and conditions of each insurance policy before deciding to make the change.
• Funeral insurance is not a savings plan. If you cancel it before an insured passes away or reaches the Early Payout date, you won’t get anything back (unless you cancel during the cooling-off period).
• The product and cover amount you choose may not appropriate for your needs. Always read the PDS, consider alternatives, and think about an appropriate cover amount. Review your cover regularly to make sure it meets your needs.
• Other risks associated with holding this product can be found in the PDS.

Depending on how long you live, you might hold funeral insurance for a long time. It is important to:

• Understand that there is no cap on the premiums you may pay over the term of the policy (although you will have the benefit of the Insuranceline Value Promise); and
• Consider the long-term affordability of the policy, based not only on your current income, but the income you are likely to have in the future.

Funeral Insurance provides a lump sum payment to your loved ones (nominated beneficiary/ies) when you pass away. This money can be used by your loved ones to help pay for your funeral, settle any outstanding debts you may have or even help cover the cost for a family member to travel to your funeral.

The cost is based on your age and the level of cover when cover starts, and how much cover you choose to take out. The premium will change if you make changes to your Policy, such as increasing the Cover Amount, adding optional Benefits or other people to your Policy.

The premium will also change if we change the premium rates for our Funeral Insurance portfolio. We will provide you with at least 30 days’ notice before any change to your premiums.

Based on current Australian tax laws, you can’t generally claim your Funeral Insurance premiums as a tax deduction. However, individual circumstances vary, and you should always consult an accountant or tax agent for matters relating to tax.

Yes. Life Insurance provides your beneficiaries with a lump sum payment when you pass away. There are usually no restrictions on how the money can be spent. Your family can spend the money as they see fit, whether it’s paying off a mortgage, clearing debts or paying for funeral costs.

Funeral cover provides a lump sum payment (with Insuranceline, it’s up to $15,000) to cover funeral-related costs. One advantage of funeral cover over Life Insurance is that eligibility requirements generally aren’t as strict—there is no medical underwriting required, so it’s ideal for those who can’t get Life Insurance or need a payment specifically to cover funeral-related costs and expenses.

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 of any premiums paid. After that, there are no refunds. Your policy simply gives you Funeral Insurance cover—it is not a savings plan.

We're here to help

We understand circumstances can change from when you take out a policy. If you're having trouble paying your premiums, we encourage you to contact us on 13 77 87.

Together, we’ll go through your options and work out the best way for you to manage your premiums and cover.