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Guardian Funeral Insurance offers peace of mind and financial protection for your loved ones, providing them with a lump sum payment of up to $15,000 when you pass away. This benefit can be used to pay for the cost of your funeral and manage any other unexpected expenses that arise, while applicants can choose between an age-based premium option and a fixed premium rate option.
Cover levels range from $3,000 to $15,000, Guardian offer a range of incentives such as premium decreases and waivers to help keep policies affordable. Guardian Funeral Insurance also includes Accidental Death Insurance, which will be four times the benefit amount you are eligible to receive under the policy.
Maximum sum insured | $15,000 |
---|---|
Age of entry | 18 to 75 |
How do I apply? | Online with Guardian |
Information last checked on September 2020. Always consult the Product Disclosure Statement (PDS).
Information last checked on September 2020. Always consult the Product Disclosure Statement (PDS).
Note: The following is based on the life insurer Hannover. Hannover is the actual insurer behind brands like Guardian Funeral Insurance and a few others.
Claims data | Hannover | Industry Average |
---|---|---|
Claims acceptance rate | 99.90% | 98.90% |
Average claim time (months) | 0.60 | 0.60 |
We looked at APRA data for claims over 2017-2018. The statistics above reflect 'funeral insurance' claims.
Find out more about funeral protection cover
With Guardian Funeral Insurance, you can ensure that the cost of your funeral is already sorted, which means one less thing for your loved ones to worry about at a time that will already be difficult enough. The prompt payout from this insurance means that your family won't be left hanging around waiting for funding to sort your funeral, which can help to take a lot of pressure off them.
Some of the key benefits that come with Guardian Funeral Insurance include:
There are many reasons why you should consider taking out Guardian Funeral Insurance. Some of the main ones include:
The benefit from your Guardian Funeral Insurance is paid out to your beneficiaries upon your death, and is usually tax free. Depending on how much your loved ones receive from the benefit, they can use the money to cover your funeral expenses and perhaps even pay off small debts and settle other financial affairs.
In order to qualify for a Single Plan on your own life or a Family Plan that includes your spouse, partner or de facto, you (and your partner) must be:
$100,000 life insurance policies can be very affordable. Compare costs and cover here.
Compare $500,000 life insurance policies, costs and cover here.
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