What is Funeral Insurance and how does it work?

What is Funeral Insurance?

It's worth bearing in mind that funerals are particularly costly events that can cause financial strain for your family.

Taking out funeral insurance can help deal with this cost, giving peace of mind.

The cost of funerals these days can run into the thousands of dollars, but as with anything, it depends on the choices you make.

It's not uncommon for funerals to cost in excess of $5,000, making them a financial commitment for your family once you have gone.

One of the main problems they will face is that they will want to create the best send-off possible for you, but are worried about the financial restrictions.

With Funeral Insurance, you pay a regular premium for your funeral insurance policy. When you die your family gets a lump sum, usually paid within 24 hours of receiving the valid claim.

How does our Funeral Insurance work?

It’s simple and straightforward:

  • Work out how much money is needed for your funeral. Get an approximate idea of funeral costs then ring around for quotes
  • Call us on 13 77 86 for a Funeral Insurance quote or fill in the form and one of our friendly staff will call you back. We’ll talk you through your options and help you choose an affordable premium. No medicals, no health questions
  • When the time comes, we work hard to ensure a fast, smooth payout so your family can pay upfront for your funeral expenses
  • We are Australia’s longest standing funeral insurance provider
  • Unlike other insurers, our premiums won’t go up just because you’re getting older‡
  • You’re covered for accidental death from day one of the policy, and after 12 months, for all causes of death
  • After holding the policy for 5 years we add a bonus 25% more cover at no extra cost for being a loyal customer~
  • It is possible if you hold a policy for many years that the premiums paid over time may equal or exceed the amount of your cover. But with Insuranceline’s Value Promise, at the time of claim, you will receive the higher amount whether that’s the insurance cover amount or premiums paid. You will always receive the higher amount.+
  • After the Life Insured’s 85th birthday you can also cash in their benefit for 150% of their average Funeral Insurance cover Amount.#