Best* Funeral Insurance

Information verified correct on September 29th, 2016

Looking for the best* funeral insurance but don’t know where to start?

Finding the best Funeral Insurance is not simply a matter of comparing a couple of quotes and jumping on the cheapest offer you find. Failing to take the necessary steps to review your own cover requirements could leave you both out of pocket and underinsured. Some key steps include:

  • Finding one with the benefits and features you need
  • Calculating whether the amount you will pay is comparable with the benefit amount you’ll receive
  • Assessing whether the insurer is a reputable company with a solid claims history
  • Understanding the traps that some Funeral Insurance policies contain.

With that in mind, this guide discusses the features to look for, the dangers to avoid and some other possible options for funding your funeral apart from Funeral Insurance. If your ready to receive a quote for cover, simply enter your details in the form below and an adviser will be in touch to discuss different options.

Compare Funeral Insurance Quotes from Australian Insurers

Please enter your full name
Please enter a valid email address
It's important to give us a valid phone number
Date of Birth
The amount you would like your family to receive to cover your funeral expenses. If you are not sure what costs that are involved in a typical funeral arrangement, it is advised to speak to an insurance consultant.
By submitting this form, you agree to the privacy policy
Compare Quotes
Details Features
Ezicover Funeral Advantage
Ezicover Funeral Advantage
Receive up to $15,000 in funeral cover and apply with guarantee acceptance as long as you are an Australian resident aged between 35 and 70 years.
  • Lump sum cover up to $15,000
  • 30 day cooling off period
  • Guaranteed acceptance with no medical
Go to site More info's best* funeral insurance policies

PolicyMaximum funeral benefitFeatures 
AIA Funeral Protection$30,000Free cover for the first three months and guaranteed acceptance.
American Express Ezicover Funeral Advantage Insurance$15,000Guaranteed acceptance with no medical. Premium cap feature is included.
Zurich Ezicover Funeral Advantage$15,000No medical examination required. Premium cap feature is included
Back to top

Features worth considering when choosing Funeral Insurance?

When comparing Funeral Insurance policies, you should look for the benefits offered by most insurers including;

  • A choice of stepped premiums (increase with age) or level premiums (a fixed amount for the life of the policy).
  • A range of cover options from $4,000 to $30,000.
  • No medical underwriting.
  • Guaranteed pay out of the benefit amount or total premiums paid, whichever is greater.
  • Automatic acceptance (usually anyone aged 45 to 75).
  • Capped premiums where your premiums are free and your cover continues for life once your payments equal the benefit amount or you reach a certain age (usually 90).
  • Guaranteed renewability for as long as you continue to pay your premiums.
  • Refund of premium payments if you die from natural causes within the first 12 months.
  • Payment of the full sum insured if you die within the first 12 months as the result of an accident.
  • Early payment of the sum insured if you are diagnosed with a terminal illness (offered by many insurers).

As well as these benefits, you might also look for additional features to help reduce the cost of your premiums such as joint policy discounts (up to 20%) and cash back offers for every 3 years of cover (up to 10%).

Back to top

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.

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).Back to top

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

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 can 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.
Back to top

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.

Back to top

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 – either 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 with the help of an adviser

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.


Typical Claims Process for Life Insurance and Funeral Protection Plans
To ensure your funeral cover claim is successful, follow these few simple steps:

  • Inform the insurance provider to let them know that you or your beneficiaries are making a claim. Any premium payments will be ceased until the claim has been processed.
  • 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.
  • 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).

Looking to Apply for Funeral Insurance?

Now that you are well equipped with all knowledge you may need to secure the best funeral insurance* cover for you and your loved ones, obtaining a quote is very simple. All you need to do is fill your details on the enquiry form below and one of the insurance consultants will give you a call back to discuss your needs and options. They can also answer any questions that you may still have about funeral cover and help you make informed decisions.

Receive a preliminary funeral insurance cover quote

* The offers compared on this page are chosen from a range of products has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question