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 is Funeral Insurance?

  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.

• If I cancel my Funeral Insurance 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.

• Will my Funeral Insurance premiums go up?

  Your premiums may change if you make changes to your policy or if the underlying premium rates are changed by us. If this happens it will impact all policy holders and we will give you at least 30 days’ notice of the change.
  

• 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.
  • Death from any other cause after the first 12 months of your policy. Only accidental death is covered in the first 12 months.  This means that a claim would not be paid for death caused by anything other than an accident 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.

  
  

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

• How much Funeral Insurance cover do I need?

  Depending on the kind of farewell you wish to provide for, the amount you can leave loved ones for your funeral can range from $1,000 up to $15,000 – the amount you choose is up to you. For peace of mind, we provide a bonus 10% more Funeral Insurance cover after 5 years^~ at no extra cost to help cover extra and unforeseen costs.

  You can choose to pay your premiums fortnightly, monthly or annually. If you choose to pay annually, you’ll receive 12 months' cover for the price of 11.

  You can also choose to add extra protection to your policy:

  • Accidental Death Cover – leave your family a higher payout of up to $50,000 if you die as a result of an Accident

  
  
  

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

• Are my Funeral Insurance 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 deal with during a Funeral Insurance claim?

  When the time comes, we make the process as straightforward 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 online now or call 13 77 87 today.

• 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 instalments
  - Buy funeral bonds
  - Take out Funeral Insurance
  
  Read more about different ways to pay for your funeral.

• Can I get Funeral Insurance cover at any age?

  Cover is available for all Australians aged 25 to 80. Depending on the amount of cover you need, up to $15,000 cover is available per Life Insured. Policies can cover more than one person, as long as each person is an Australian Resident and aged between 25 and 80.