In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Frequently asked questions
  • Your reviews
  • Ask a question
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Guardian Funeral Insurance Review

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Guardian Funeral Insurance

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Maximum cover
$15,000
Maximum entry age
79
Minimum sum insured
$3,000

Our verdict

Get up to $15,000 towards the cost of you or your partner’s funeral with Guardian funeral insurance.

  1. Get cover of up to $15,000 - this is in-line with our five quoting partners and should meet the needs of most families.
  2. You can choose between a single plan for yourself or family cover depending on your preferences.
  3. Moneysmart figures show that, for funeral insurance, Guardian's underwriter Hannover had 150.6 disputes per 100k lives insured. This was above the industry average of 56.3.

In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Frequently asked questions
  • Your reviews
  • Ask a question

Details

Key Details

Product Name Guardian Funeral Insurance
Maximum cover $15,000
Minimum sum insured $3,000
Premium discount offered
Premiums capped at certain age 85
Premium won't increase with your age
Terminal illness cover
Cooling-off period 30 days
Underwriter Hannover Life Re of Australasia Ltd

Eligibility

Minimum entry age 40
Maximum entry age 79
Expiry age 100

Add-ons

Early payout option
Maximum sum insured$15,000
Age of entry40 to 79
How do I apply?Online with Guardian

Information last checked on May 2023. Always consult the Product Disclosure Statement (PDS).

This cover might be suitable if:

  • You are unable to get regular life insurance
  • You're after an underwriter with claims performance that meets the industry standard
  • You are between 40 and 79 years of age

Reconsider your need for cover if:

  • You already have enough savings for a funeral
  • You already have an adequate funeral plan
  • You already have life insurance in place with a funeral benefit

Read a more detailed review on:

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Funeral insurance

Key points of Guardian funeral insurance

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 hard enough.

  • Choice of benefit amounts: With Guardian Funeral Insurance you can choose benefits of between $3,000 and $15,000. When selecting a benefit level, bear in mind that the average cost of a funeral is now $4,000 to $15,000. With this plan, if your death is accidental the benefit is doubled. It also comes with an accidental serious injury benefit which is 3 x the funeral benefit amount (this benefit expires after your 75th birthday).
  • Guaranteed acceptance: If you are an Australian resident and you are within the ages of 40 and 79, you can enjoy the peace of mind that acceptance for Guardian Funeral Insurance is guaranteed.
  • Single and joint cover options: You will be able to choose from a range of cover options to suit your needs when you take out Guardian Funeral Insurance. This includes individual single and joint cover options.
  • Cash out option: At age 85, you can cash out 75% of your benefit amount or continue your policy at no further cost and receive an additional 25% in bonus cover.
  • A 30 days day cooling off period: If you take out Guardian Funeral Insurance but you change your mind for any reason, you can benefit from the 30 days day cooling off period, which enables you to get your money back in full and cancel your policy.
  • 100th birthday benefit: Once you reach your 100th birthday, your cover ends and Guardian will pay you your benefit amount and an additional 25% in bonus cover.
  • No medical: When you take out Guardian Funeral Insurance, there is no medical to worry about and no health questions that you need to answer. Your application will be accepted without any problem as long as you fit the criteria with regards to age and residency.
  • Simple application: Applying for Guardian Funeral Insurance couldn't be easier. You can make your application with speed and ease over the phone or online, making it more convenient and quicker to get your funeral cover sorted.

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

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Your application: Key points

Applying for Guardian funeral insurance cover

Generally, applicants can apply for Guardian Funeral Insurance if they meet the following requirements:
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:

  • An Australian resident
  • Aged between 40 and 79 years

More reasons to consider Guardian Funeral Insurance

There are many reasons why you should consider taking out Guardian Funeral Insurance. Some of the main ones include:

  • Peace of mind for you and your loved ones: Having Guardian Funeral Insurance in place means that you can benefit from the peace of mind that your funeral costs will be covered when you are no longer around. Your loved ones will also have the peace of mind that in the event of your death they won't have the added strain of trying to quickly find thousands of dollars to fund funeral costs.
  • Level premiums. Guardian life insurance premiums are structured as level premiums, meaning they will generally not increase over time (unlike stepped premiums) unless you increase your cover or the underwriter (Hannover) changes premium rates to all policyholders.
  • Financial security: It can be difficult for your loved ones to find the money to pay for your funeral from their own pockets. When you have Guardian Funeral Insurance in place, your family will have the financial security of having your funeral costs already covered.
  • Avoiding feuds: The issue of funding a funeral can cause big rifts between surviving family members, particularly when money is tight. When you have funeral cover in place, you can cut the risk of these rifts forming as your family will not have to worry about funeral costs.

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.

What won't the Guardian Funeral Policy Cover?

  • During the first 12 months after you take out a policy, increase your level of cover or have your policy reinstated, a benefit will only be paid if your death results from an accident. Once this 12-month period ends, death by all other causes is then covered.

For the full list of exclusions, read the current PDS on the provider's site.Back to top

Compare more Funeral insurance policies below

Name Product Maximum cover Maximum entry age Average claims acceptance rate Average claim time Sum Insured Expiry age
Suncorp Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,298 million
No expiry age as long as premiums are paid
Get a 5% discount when you add another adult to the same policy + get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Real Funeral Cover
$15,000
79
99.30%
0.8 months
$1,926 million
100th birthday
Get back 10% of premiums you've paid after your 12-month policy anniversary – as part of The Real Reward programme.
Apia Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,366 million
No expiry age as long as premiums are paid
Take out a new Apia Funeral Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Seniors Funeral Insurance
$15,000
79
99.30%
0.8 months
$1,926 million
100th birthday
Get up to $15,000 in funeral cover, including an extra 25% bonus cover when you turn 85.
Insuranceline Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,366 million
No expiry age as long as premiums are paid
Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.
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