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Funeral Fund Cover

Key Points

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.

Key Facts

Eligible Ages

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

Primary Benefit

  • 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

(Insurance Prices)

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.