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Find the best funeral insurance

We look at how to find the best funeral insurance for your needs.


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We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Finding the best funeral insurance is going to change person to person. However, there are things you can look for when finding the best cover to suit you. We've looked at funeral insurance that's offered in Australia and found some ways you can find the best policy for you. You can start by looking at the:

  1. Benefits. Find cover with the benefits and features you need.
  2. Value. Calculate whether the amount you will pay is comparable with the benefit amount you’ll receive.
  3. Reputation. Assess whether the insurer is a reputable company with a solid claims history.
  4. Traps. Understand the traps that policies can contain.

Must read: Finding the best funeral insurance

The best funeral insurance policy is the one that meets your needs and circumstances, meaning the best for one person might not be the best for you. To help you find the best funeral insurance, keep reading our guide below the comparison table.

Get a funeral insurance quote from the following direct brands

Name Product Maximum Cover Maximum Entry Age Minimum Sum Insured Premium wont increase with your age Expiry Age
Insuranceline Funeral Insurance
No expiry age as long as premiums are paid
Take out an InsuranceLine Funeral Insurance policy and you could receive a bonus $100 gift card. T&Cs apply. Ends 31 March 2021.
Apia Funeral Insurance
No expiry age as long as premiums are paid
Get up to $15,000 in funeral cover with Apia Funeral Insurance.
Real Guaranteed Funeral Insurance Flexi Plus
No expiry age as long as premiums are paid
Receive up to $15,000 in funeral cover. Premiums reduce by 5% every 5 years you hold your Policy.
Medibank Funeral Insurance
No expiry age as long as premiums are paid
Medibank health members save 10% every year. T&Cs apply.

Compare up to 4 providers

What features are worth considering when choosing the best funeral insurance for you?

When comparing Funeral Insurance policies, it's a good idea to check if the following features are included:

FeatureDetailsHow can this help me?
Premium choiceA choice of stepped premiums (increase with age) or level premiums (a fixed amount for the life of the policy).Choose how affordable your cover is in the short and long term.
Choice of sum insuredA range of cover options from $4,000 to $30,000.Tailor your cover to what you will need.
No medical underwritingNo blood tests, questionnaires or examinations.Less hassle and more convenience.
Payout guaranteesGuaranteed pay out of the benefit amount or total premiums paid, whichever is greater.Provides a value guarantee.
Capped premiumsYour premiums become free and your cover continues for life once your payments equal the benefit amount or you reach a certain age (usually 90)Long term affordability and provides a value guarantee.
Automatic acceptanceAnyone aged 47-75 is usually automatically accepted.Less hassle and more convenience.
Terminal illness benefitEarly payment of the sum insured if you are diagnosed with a terminal illness (offered by many insurers).Extra cover and value.

What will a funeral actually cost me?

The main purpose of Funeral Insurance is to ensure your funeral is paid for and that your loved ones are not saddled with a financial burden once you depart. So the amount of Funeral Insurance you need will depend largely on the type of funeral you want.

The cost of funerals varies greatly, with a basic cremation costing around $4,000 and a more elaborate service costing anything up to $15,000. Factors that might influence the cost of your funeral include;

  • Whether there are religious or family requirements
  • Whether you are being buried or cremated
  • If buried, the cost of a burial plot, casket, gravestone, transportation etc
  • If cremated, the cost of an urn, flowers, funeral director etc
  • Whether there will be a wake after the funeral
  • Mandatory costs such as newspaper notices, death certificate etc.

How does this compare to the cost of insurance?

The cost of funeral insurance will vary depending various factors including:

  • How much you have insured
  • Your age
  • Your sex
  • The state or territory where you reside
  • Any additional features you have on your policy

When will funeral cover typically pay out benefits to my dependents?

Understanding whether or not your dependents will be paid is essential to ensure your policy provides value. Payment typically dependent on two factors:

  1. The circumstances of an insured person's death or terminal illness
  2. How long after cover is issued does the death or terminal illness occur?

Example breakdown of how a funeral insurance policy may pay out

Cause of deathTimelineWhat's paid?
AccidentDuring first 12 months of holding the policyThe sum insured
Sickness and other causesDuring first 12 months of holding the policyPremiums are refunded
Due to natural causes, accidents, sicknesses and other causesAfter 12 Months of holding the policyThe sum insured
Cause of terminal illnessTimelineWhat's paid?
Due to natural causes, accidents, sicknesses and other causesDuring first 12 months of holding the policyNo payment. Policy remains and you become eligible at the 12 month mark.
Due to natural causes, accidents, sicknesses and other causesAfter 12 Months of holding the policyThe sum insured

Make sure you check the product disclosure statement for exact situations where a payout will be made.

What are some traps I need to look out for?

Funeral Insurance can contain traps for the unwary, so make sure you carefully read the terms and conditions of any policy you are considering. Potential pitfalls to avoid include;

  • Paying more over time than a funeral would cost (choosing a policy with capped premiums would help you to avoid this risk).
  • Choosing the cheapest policy (if it doesn’t cover all the basic benefits, you could find yourself underinsured).
  • Falling behind with premium payments and having your policy cancelled (finding a policy with a Premium Pause option could give you the necessary breathing space).
  • Choosing a stepped premium policy when you are on a low fixed income (stepped premiums increase with your age and could become unaffordable later in life).

I'm a do I find the best Funeral Insurance for me?

Funeral Insurance becomes more relevant as you get older and the need to ensure your family don’t incur your funeral costs becomes more important. But as well as ensuring a Funeral Insurance policy contains all the benefits listed above, seniors need to make sure it also has their best interests at heart. Considerations for finding the best insurance for your needs include;

  • Whether it offers a choice of benefit amounts to cater for your budget
  • Whether it has capped premiums after you reach a certain age
  • Whether any age limitations affect your eligibility and how long you can retain cover
  • Whether it offers level premiums if you are on a fixed income
  • Whether it covers you overseas if you plan to travel in your retirement.

Not sure if funeral cover is really the best* option for you?

Funeral Insurance has several advantages over other forms of insurance

including guaranteed acceptance without medical underwriting, fast easy application over the phone and fast pay out, usually within two business days. But life expectancy is also an important consideration, because if you take out a policy when you are younger, you could end up paying much more over the years than your funeral would actually cost.

So if you are considering Funeral Insurance, it’s important to select a benefit amount that will adequately cover your final commitments and to look for a policy where the premiums are fixed or are capped once you reach your benefit amount or a certain age and after which your cover is free.

What other options are available as opposed to Funeral Insurance?

If you don’t feel that Funeral Insurance is right for your situation, there are several other ways you can cover your funeral expenses;

  • Pre-paid funeral. Ether in a lump sum or through payments to a funeral director. You could also put the money aside in a high interest savings account to ensure it is there when needed.
  • Funeral bond. Your money is invested on your behalf by an insurance company or friendly society, so that it holds its value and is exempt from taxation.
  • Super or life insurance. Life insurance inside or outside of super will cover your funeral expenses, although payment from a super fund can take time.

Compare funeral products

Steps to successful funeral insurance claims

Another important element to compare for various funeral policies is the claim process. Funeral arrangements are generally carried out with a sense of urgency when a death has occurred and the expenses incurred may be payable immediately. Therefore, a well documented claims process by your provider is absolutely essential to ensure that when the time comes, your nominated beneficiaries are able to gain access to the benefits easily and quickly.To ensure your funeral cover claim is successful, follow these few simple steps:

  1. Inform the insurance provider. Let them know that you or your beneficiaries are making a claim. Any premium payments will be ceased until the claim has been processed.
  2. Seek assistance. Ask whether you will be assigned to a dedicated claims agent that will take care of your claims and provide guidance if you require assistance through the claims process.
  3. Provide documents. You will need to supply the following documents for your claim:
  • A filled out claim form
  • Certified copies of Death Certificate, Medical Attendant’s Certificate, or other documents showing evidence of death.
  • Certified copies of the deceased’s birth certificate or passport.
  • Certified copies of proof of your identity and your relationship to the deceased.
  • All copies will need to be certified by a Justice of the Peace (JP).

Receive a preliminary funeral insurance cover quote

* The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

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2 Responses

  1. Default Gravatar
    PatersonJuly 10, 2019

    Hi, could we ask about funeral insurance for someone over 80 years, please?

    • Avatarfinder Customer Care
      JoshuaJuly 10, 2019Staff

      Hi Paterson,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      I understand you are asking for more information about getting funeral insurance for a person who is 80 years old and above.

      It is worth noting Paterson, generally speaking, the oldest people who can take out funeral insurance are those who age between 75-79. However, there might still be specialist insurers who will accept older applicants. Regrettably, we currently don’t have a specific list of insurers who provide cover for those who are 80 years old and over.

      As this might be the case, you might still want to explore our table above. You can find a list of funeral insurers conveniently compared on our table. Compare your options based on the maximum cover, expiry age, and more. Once you find an insurer you might feel is the best for you, click on the “Get Quote” button to learn more. It should redirect you to the official website of the insurer. From there, you can directly ask them whether they can provide a policy for someone who is over 80 years old or not.

      Moreover, we do have a page that could help. Please click here. That page is our guide about how to get funeral insurance if you are over 80 years old.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


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