Funeral Fund Cover
Cover your funeral expenses and help take away some of the stress and worry from those you leave behind.
At a glance
- Pays an immediate lump sum on the death of the insured.
- Ensures most, if not all, funeral expenses will be covered in the event of an unexpected death.
- You can choose to cover your family (that is, two adults and your children) at a discounted premium.
- Premiums are fixed and paid for 10 years.
- Cover remains in place for life.
Why you need it
- Minimise the financial and emotional impact of an unexpected death.
- Funeral expenses have to be paid, usually before estate settlement and insurance payouts.
- Funeral Fund Cover can provide you the peace of mind knowing that you and/or your family's funeral expenses are covered in the event of your/their death.
- A 'no worries' approach to the major immediate post-death expense.
Entry age for an adult is age 16 to age 64. See notes about including children, below.
- Payable fortnightly or monthly by direct debit.
- Premiums are fixed at the rate calculated over the 10 year payable period.
- Single premium rates are available - contact us for a quote.
- Insurance is renewable each year at the option of the policy owner.
- Insurance remains in place for life provided premiums are paid to date.
Level of Cover
(Level of Insurance)
- Cover can be for one or two adults as well as your children.
- $12,000 for each adult life.
- $6,000 for children aged 10 or more at date of death.
- $2,000 for children aged less than 10 years of age at date of death.
Standard Benefits of Funeral Fund Cover
- No medical questions are asked.
- You are covered immediately for accidental death.
- If death in the first year is other than by accident, we make a full refund of the premiums paid.
- If death in the second year is other than by accident we will pay one and a half time the premiums paid
- From year three onwards you will receive full cover.
- You can include your whole family at a discount.
Funeral Fund Cover Rates
The level fortnightly or monthly premium per $12,000. NZD Sum Assured, payable for 10 years.
For a child up to age 20 the additional cost is $4.00 per child per fortnight.
For a second adult life on the same policy, a discount is available of $1.00 per fortnight.
See Funeral Fund Cover policy wording.
How to Apply for the Funeral Plan.