Funeral Insurance for Seniors
Take steps towards alleviating the burden of funeral costs and start planning the send-off you really want for you or your loved ones.
Take out a new Insuranceline policy and get $100 off your first year. T&Cs apply.
Take steps towards alleviating the burden of funeral costs and start planning the send-off you really want for you or your loved ones.
Take out a new Insuranceline policy and get $100 off your first year. T&Cs apply.
Funeral Insurance cover provides a lump sum payment of up to $15,000 to pay for funeral expenses and other unexpected costs when you or your loved ones pass away. Our policies are usually paid within 24 hours of claim approval, giving your family one less thing to worry about. With Insuranceline, you could also receive 120% of your average Funeral Insurance cover if you cash in your policy after you turn 85. And when you apply, we won’t ask you any questions about your medical history.
Upfront fast payout
Our policies pay up to $15,000, usually within 24 hours of claim approval. Accidental Death Cover is only covered in the first 12 months of your policy.
Bonus 10% cover1
An extra 10% of your average funeral cover after 5 years, at no extra cost.
Annual discount
Get 12 months’ cover for the price of 11 when you pay annually.
No medical or health questions
Regardless of how many candles you blew out at your last birthday, we offer guaranteed acceptance if you meet age and residency criteria.
Flexible cover
You can choose how much your policy is covered for, between $3,000 and $15,000.
Flexible payment options
Pay fortnightly, monthly, or annually, with a discount for annual payments.
Early Payout option
From the policy anniversary after you turn 85 you may be eligible to 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 amount between 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. We also offer a 70% Value Promise option that can reduce your premium.
Cooling off period
If you cancel your policy within 30 days of the commencement date, and you haven’t made a claim, we’ll refund the premium you’ve paid.
Family discounts
Add another adult to your policy and each person will receive a 5% multi-Life discount. The multi-life discount doesn’t apply to the optional Accidental Death Cover.
Worldwide cover
Have the peace of mind of knowing our Funeral Insurance provides worldwide cover 24 hours a day.
Affordable cover
Our policies starts from as little as $2.75 per week.*
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 more details about what qualifies as 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 have paid so far for funeral insurance. After 12 months have passed from the date your cover commences, you’ll be covered for all causes of death.
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.
Ongoing coverage: You are eligible to take out a Life Insurance policy with Insuranceline at any stage when you are aged 40 to 80 years old. You may continue to hold your policy after your 80th birthday. From the Policy Anniversary after you turn 85, you may be eligible to cash your policy Benefit for an amount equal to 120% of the Life Insured’s average Funeral Insurance Cover Amount.
If you stop paying premiums or cancel your cover before the policy anniversary after the life insured reaches age 85, you will generally not receive any payout or refund.
This is because this is an insurance policy, not a savings policy. However, if you’ve paid an annual premium and cancel your cover before the policy anniversary, you may be refunded part of the annual premium.
At the policy anniversary after the life insured reaches age 85, we will give you the option to cash in your Funeral Benefit for an immediate cash payout under the Early Payout option.
Please see our Combined PDS & FSG for full details on what is and isn’t covered by the policy.
Depending on how long you live, you might hold funeral insurance for a long time. It is important to:
Decide how much cover you’re likely to need. Read about how much a funeral can cost here.
Get an online quick quote by answering some simple age and residency questions.
Answer a couple more questions and confirm your contact details to view your final quote.
Once you’re happy with your quote, you can pay online and get your policy straight away.
Funeral Insurance provides a lump sum payment to your loved ones (nominated beneficiary/ies) when you pass away. As we age, it can provide peace of mind to know that 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.
Your policy simply gives you Funeral Insurance cover—it is not a savings plan.
A refund will be paid to you:
At the policy anniversary after the life insured reaches age 85, we will give you the option to cash in your Funeral Benefit for an immediate cash payout under the Early Payout option.
The cost of Funeral Insurance varies, based on your age when cover starts and the level of cover you take out, along with how much cover you choose to take out. For seniors, policy options can include Funeral Insurance and Accidental Death Cover; depending on which options to take will impact the Policy cost.
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. If you have reached retirement age this may be less of a concern for you, however, as individual circumstances vary, 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.
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Explore our Funeral Insurance articles to learn more about whether funeral cover is right for you.
View all Funeral Insurance articles >
^The '$100 off first year discount' is available to new customers who take out a quote and purchase a new Insuranceline Life Insurance, Income Protection or Funeral Insurance policy between 28 August 2025 and 25 February 2026. The $100 is spread evenly across the first year's premium payments; full benefit requires maintaining the policy for 12 months unless premiums are paid annually. If the policy is cancelled or payment frequency changes during the first year, any unallocated portion of the discount will not be honoured. This discount applies only once per policy and does not continue after the first year. TAL as issuer of the policy reserves the right to change or withdraw this offer for future customers at any time without prior notice.
* 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 PDS for details.
1 Bonus 10% more cover is calculated on the fifth anniversary from the Policy Commencement Date. Each adult life insured will have an extra 10% of the average Funeral Insurance Cover amount held during the previous five years added to their Funeral Insurance benefit. Terms and conditions apply. See the PDS for details.
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Any financial product advice is general in nature only and does not take into account any person’s objectives, financial situation or needs. Before acting on it, the appropriateness of the advice for any person should be considered, having regard to those factors. Persons deciding whether to acquire or continue to hold life insurance issued by Insuranceline should consider the relevant Product Disclosure Statement (PDS). The Target Market Determination (TMD) for the product (where applicable) is also available.
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