Aussie Funeral Insurance

Information verified correct on October 1st, 2016

Planning for your funeral with Aussie Funeral Cover

You may be of the opinion that your funeral is the last thing you need to worry about – let alone planning for it when you are still living. However, if you’ve ever had to organise a parent or loved one’s funeral, or even if you’re lucky enough to have avoided that so far, just imagine the stress and grief involved in planning such a send off – and then add in the financial stress of paying for the event. So, think about the loved ones you’re leaving behind who will be planning and paying for the funeral - do you want to leave them with the financial burden of preparing for your funeral? Funerals in Australia are often expensive and vary greatly depending on the requirements that you or your family may have. Therefore, planning for your funeral early is essential and this is when you may want to consider Aussie’s funeral insurance plan.

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Features of the policy

Having funeral insurance with Aussie gives you peace of mind that you won’t be leaving your family with a financial burden, and you know they’ll be able to give you the send off you deserve without having to worry about the cost. With Aussie funeral insurance you’ll be getting:

  • A lump sum benefit payout: The benefit payment is made to your family after you die if you death is accidental within the first 12 months of the policy, and for any cause of death after the first 12 months.
  • Single or couples life insurance: You can take out an Aussie funeral plan to cover just your own death, or you can add your partner to the policy so that neither of you have to worry about final expenses. You simply both need to be Australian residents between 18 and 79 to be eligible for Aussie funeral insurance.
  • Children’s cover: You can also add your dependent children to your Aussie funeral insurance plan as long as they too are Australian residents, and they are under 21 years old.
  • Your choice of benefit amount: You can apply for $3,000 to $15,000 of funeral insurance from Aussie. In the event of accidental death, your beneficiaries are entitled to an additional 200% of the benefit. For example, if you choose the $15,000 benefit amount and your death is accidental, the total benefit amount could be $45,000.
  • Premium freeze: Aussie also offers a premium freeze on your funeral insurance, so that your premiums stay the same for the first three years.

Additional benefits on the Aussie Funeral Insurance policy

You also have the option to add accidental serious injury insurance to your Aussie Funeral Insurance plan. You can apply for accidental serious injury insurance if you are an Australian resident between 18 and 69 years old, and this means your funeral cover would also include:

  • Accident benefit: Aussie will pay you a lump sum benefit under your accidental serious injury insurance if you suffer from one of the following as the result of an accident: quadriplegia, paraplegia, hemiplegia, blindness, deafness, or total and permanent loss of two limbs.
  • Equal benefits: The benefit amount of your accidental serious injury insurance will be equal to the benefit amount you have chosen for your funeral insurance with Aussie.
  • Lump sum benefit payment: On an eligible claim, your accident benefit will be paid as a lump sum, so you can use the funds for any purpose. This may include medical bills, daily living expenses you need to cover because you’re unable to work, or to make modifications to your home.
  • Accident coverage for your partner: You can also add your partner to your accidental serious injury insurance with Aussie, so that your entire family is protected.

Tips to manage your funeral cover

Aussie no longer sells funeral insurance to new customers, however, if you are already an Aussie funeral insurance policy holder, your cover remains valid, and your eligible claims will be honoured. To make a claim on an Aussie funeral insurance policy, you or your legal personal representative on your death, must contact Aussie as soon as possible. Aussie will then send a claim form, which must be completed and returned with:

  • A certified copy of evidence of death in relation to a death claim, or evidence of the injury in relation to another insured event.
  • A certified copy of evidence of the insured’s age.
  • A certified copy of proof of the claimant’s identity and relationship to the insured, if making a death claim.
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