| Store | Discount | |
|---|---|---|
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$100 gift card after your first 4 months with Insuranceline funeral insurance When you get life insurance, income protection or funeral insurance with InsuranceLine. Offer ends 31 March 2024. Last verified |
Deal ends |
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5% discount for more than 1 person covered Cover more than 1 person to receive 5% off funeral insurance premiums per person. T&C's apply. Last verified |
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Get 10% of your first year's premium back after 12 months Receive 10% of premiums you’ve paid in the first 12 months with The Real Reward Cover. Last verified |
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Get 12 months funeral insurance for the price of 11 When you take out a new Apia Funeral policy. T&Cs apply. Last verified |
You pay the same price as buying directly from the life insurer.
We're not owned by an insurer (unlike other comparison sites).
We've done 100+ hours of policy research to help you understand what you're comparing.
No. You should never use price as your sole selection criteria when you’re comparing policies for the following reasons:
Just because a policy is cheap doesn’t mean it contains all the benefits you need such as continuation of cover, global coverage, guaranteed renewability and refund of premiums if you die within the first year.
A cheap premium won't always stay cheap. Cheaper premiums are usually stepped, which means it will rise as you age and what seems like a bargain now could turn out to be unaffordable in a few years time. Remember if you don’t keep up your payments or cancel your policy, all the money you have paid towards your funeral insurance policy is forfeited.
Rather than just price, it's a good idea to consider long-term affordability. Look for a policy that offers fixed premium payments so you can factor them into your budget over the long term.
Fixed premiums are commonly known as levelled premiums, where your premiums remain fixed for the life of the policy. This is opposed to a stepped premium plan, where premiums increase with age.
| Time holding the policy | Stepped premium | Level premium |
|---|---|---|
| 0 - 3 years | $320 | $400 |
| 3 - 6 years | $360 | $400 |
| 6 - 9 years | $410 | $400 |
| 9 - 12 years | $500 | $400 |
These figures are made for illustrative purposes only. The actual cost of your premium will depend on your policy and other factors including your age and sex.
If you don’t want funeral insurance, there are other options available. These include:
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