Don’t want full life insurance? Funeral Cover may be just what you’re after. As the name suggests, it covers the immediate costs associated with a death – the funeral. At a time of great distress, your loved ones can find some comfort in the knowledge that at least one big bill has been taken care of.
It’s a comfort for you too. You don’t want to think about your own funeral, but once you’ve taken out the policy it’s a case of set and forget.
Funeral Cover has a number of advantages that benefit both you and those you leave behind:
This policy pays out within 48 hours of your claim being accepted – so the money is there when it’s needed.
Acceptance is guaranteed if you’re aged between 16 and 75 years – there’s no need for any medical checks.
If you and your partner take out Funeral Cover at the same time, you’ll both enjoy a 12% discount on your premiums. This discount will apply for as long as you both continue to have Funeral Cover.
As soon as we receive your fully completed acceptance form you’re covered immediately for death caused by an accident.
After two years you’re fully covered. If you die of a natural cause within the first two years of your policy starting, we’ll refund 100% of your premiums.
Premiums will stay fixed and your level of cover will stay the same for the life of the policy.
Deciding how much cover you need is simply a matter of deciding how much money you want available to cover your funeral. The average cost of a funeral in New Zealand is $5,000. Work and Income can provide a funeral grant, though the maximum amount is around $1,700 and this is asset-tested – which means you may not be eligible.
You enjoy a 30-day no-obligation review – if it’s not what you expected or you change your mind we’ll refund your premium.
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