Australian Seniors Funeral Insurance

Australian Seniors Funeral Insurance Review

Competitive cover levels and a hassle-free claims process are a couple of reasons to choose Australian Seniors Funeral Insurance.

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Australian Seniors funeral insurance: Our verdict

  • The most you can be insured for is $15,000, which should meet the needs of most Aussies including those who may be planning for larger services.
  • Lump sum payouts are possible within one business day in some circumstances. There's also an early payout option, which isn't the case for every brand we looked at.
  • Policies with the likes of Insuranceline and Apia have no expiry age (as long as premiums continue to be paid). Whereas Australian Seniors offers cover up until a policyholder's 100th birthdayth birthday.

Get a quote for Australian Seniors Funeral Insurance

Name Product Maximum Cover Maximum Entry Age Minimum Sum Insured Premium wont increase with your age Expiry Age
Seniors Funeral Insurance
$15,000
79
$3,000
100th birthday
Get up to $15,000 in funeral cover, including an extra 25% bonus cover when you turn 85.
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Funeral insurance

Key points of Australian Seniors funeral insurance

  • Cover options: Choose cover from $3,000 to $15,000.
  • Premium cease at age 85: You won't need to pay premiums after you turn 85.
  • Level premiums. This means your premiums won't go up every year, unlike under a stepped premiums plan.
  • Guaranteed cash payout. When you reach 100 years old, Australian Seniors will end your policy and pay you 125% of your cover amount.
  • Triple benefit for accidental death. Receive triple your cover amount if your death is the result of an accident.
  • Early cash out option. You can choose to end your policy and receive 75% of your cover amount when you turn 85.

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

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Eligibility

Applying for Australian Seniors funeral insurance cover

  • You need to be an Australian resident to apply.
  • You have to be between 18 and 79 to apply but it's most suitable for 45 to 79 year olds.
  • Medibank funeral insurance may be suitable for you if you expect to have end of life expenses when you die, become seriously ill or injured.
  • You need to be earning an income, have personal savings, a retirement income or some other financial capacity.

Australian Seniors funeral insurance pros and cons

Still wondering if Australian Seniors is right for you? Here are the main pros and cons summarised:

Pros

  • It's good for covering funeral expenses.
  • Premiums are waived after you turn 85.
  • It comes with lots of included benefits.

Cons

  • It might be more cost-effective to get a life insurance policy.
  • You need to be an Australian resident to apply.

How do I make a Australian Seniors funeral insurance claim?

You or your legal representative can make a claim by phone or through writing. A form will be sent to you to complete, sign and return to the insurer. Sometimes, a form will also be sent to your treating doctor or specialist for completion (depending on the claim).

Before a benefit is paid, the insurer will need to substantiate your claim. Tests, examinations and laboratory results, as well as supporting information from a medical practitioner may be required.

In addition, all claims should be made as soon as the event giving rise to the claim occurs. Preferably, claims should be made within 120 days days of the death or accidental injury occurring.

What are some of the key exclusions of Australian Seniors funeral insurance?

By taking up Australian Seniors Funeral Insurance, you are protecting your family and loved ones from the burden of your funeral cost and other funeral-related expenses.

  • It is important to note that if your cover ends, no benefits are payable and you can't get a refund of any premiums made after the 30 days-day cooling-off period.
  • For the first year of the policy, a benefit is only paid if your death is the result of an accident. After this period, a benefit will be paid regardless of the cause of your death.
  • Accidental serious injury benefit covers you for defined accidental serious injuries, but no benefit will be paid for intentional self-inflicted injury, suicide attempts and injuries acquired while engaging in criminal activities or by taking drugs not prescribed by a medical practitioner. The accidental serious injury cover expires on the policy anniversary after your 75th birthday.

The full list of exclusions are listed in their Product Disclosure Statement (PDS).

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12 Responses

    Default Gravatar
    DonnaJuly 24, 2019

    is there a difference to funeral insurance and final expenses insurance

      Default Gravatar
      NikkiJuly 24, 2019

      Hi Donna,

      Thanks for getting in touch! Yes, the difference to funeral insurance and final expenses insurance is that funeral insurance is designed to provide benefits for costs associated with a funeral, cremation or burial expenses and ensure that you are not placing an added financial burden on your family while final expenses insurance or burial insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

    Default Gravatar
    JamesFebruary 10, 2018

    What insurance agency uses Life Debit as their Name

      Default Gravatar
      JoelFebruary 17, 2018

      Hi James,

      Thanks for leaving a question on finder.

      I’m afraid we do not have information about Life Debit as an insurance company. You may however, compare funeral insurance brands. You can either get a quote directly from the insurer by clicking “Get Quote” or compare your options with the help of an insurance consultant by simply filling in your details on the form.

      Cheers,
      Joel

    Default Gravatar
    ianDecember 8, 2016

    who are the actors on australian seniors funeral ad that the wharf scene is shot, please. is one of them fred pulpit of kingswood country fame?

      Avatarfinder Customer Care
      RichardDecember 9, 2016Staff

      Hi Ian,

      Thanks for getting in touch. You will need to contact Australian Seniors directly about this.

      Cheers,
      Richard

    Default Gravatar
    ManuNovember 18, 2016

    I wish to cancel my policy as i have moved permanently to NZ and is a hassle keeping a account open there in Australia plus sending money plus $20 transfer fee so it is better to finalize the policies as of today thank you

      Avatarfinder Customer Care
      RichardNovember 18, 2016Staff

      Hi Manu,

      Thanks for getting in touch. finder.com.au is a comparison service. You will need to contact Australian Seniors Funeral insurance directly either by calling 13 13 43 or by emailing service@seniors.com.au.

      All the best,
      Richard

    Default Gravatar
    DeniseOctober 18, 2016

    We have a policy with you. Do the premiums continue once we have paid the total amount of cover ie., $10,000 each?

      Avatarfinder Customer Care
      MauriceOctober 18, 2016Staff

      Hi Denise,

      Thank you for your comment.

      Unfortunately we can’t give you specific advice about your policy as you’ve to finder.com.au and we are not an insurer. If you would like to get in touch with Australian Seniors Insurance you can reach them on:

      13 13 43

      I hope this helps,

      Maurice

      Default Gravatar
      FionaMay 11, 2017

      Is there any where i can read any info on my pop i was sent a letter today his name is gregory policy number or do i need to contact a lawyer THANK YOU

      Avatarfinder Customer Care
      ZubairMay 11, 2017Staff

      Hi Fiona,

      Thank you for your inquiry.

      You have contacted finder.com.au, a comparison and information service and not actually Australian Seniors Funeral Insurance. You will need to contact them directly about this matter.

      Cheers,
      Zubair

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