American Express funeral insurance

American Express Life Insurance

Protect those who mean the most to you with life insurance options from American Express.

American Express' range of life insurance policies can help ensure your family's financial wellbeing is secure in the event something happens to you. Issued by Zurich, American Express offers Term Life Insurance and Funeral Insurance cover with a wide range of benefits including no premium for the first month, 10% multi-policy discount (Ezicover Life Insurance only) and generally no medical examinations to apply required to apply.

This review will outline the key benefits of the policies available from American Express and the eligibility requirements to apply.

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Product details Maximum cover Maximum Entry Age Cooling-off
(days)
Term Life Insurance
Term Life Insurance
A simple life insurance product that can offer up to $1,500,000 in a lump sum payment on death or diagnosis of terminal illness. $1,500,000 69 30 Get quoteMore info
Funeral Insurance
Funeral Insurance
Receive up to $15,000 in funeral cover to assist with your funeral bill and other unexpected expenses. $15,000 70 30 Get quoteMore info

What policies are available from American Express?

American Express Ezicover Life Insurance

  • Provides a lump sum benefit when you die or are diagnosed terminally ill
  • Choose from cover amounts between $50,000 and $1.5 million
  • Reduces the financial impact of your death on your loved ones
  • Cash Advance Benefit of $15,000 to help cover funeral costs and other immediate expenses
  • Future Insurability Benefit allows increases to cover without having your personal circumstances reassessed
  • Inflation Protection Benefit ensures that your level of cover is protected against the effect of inflation
  • 24/7 worldwide cover
  • First month of cover provided free
  • Product issued and underwritten by Zurich Australia Limited, part of the Swiss-based Zurich Insurance Group

American Express Ezicover Funeral Advantage

  • Pays a lump sum of up to $15,000 upon your death
  • Benefit can be used by your loved ones to cover funeral costs and other immediate expenses
  • Accidental death-only cover in the first 12 months
  • Premium cap so that you never pay more than the sum insured
  • 30-day cooling-off period
  • 24/7 worldwide cover
  • Policy is guaranteed renewable and cannot be cancelled by American Express long as you meet your obligations
  • Product issued and underwritten by Zurich Australia Limited, part of the Swiss-based Zurich Insurance Group

Some questions you might have about your American Express Insurance

Ezicover is a range of “do-it-yourself” life insurance products, also known as direct life insurance, from Zurich. These products aim to offer cover that is easy to understand and quick and simple to apply for.

The minimum benefit payable under this policy is $5,000. Cover is available in multiples of $1,000 up to $15,000.

Cover begins when Zurich accepts your cover application and issues you a policy document.

Yes. Both American Express Ezicover Term Life Insurance and American Express Ezicover Funeral Advantage Insurance feature a 30-day cooling-off period. This means you have the right to cancel cover within the first 30 days after taking out a policy and receive a full refund.

No. You will not have to undergo any medical examinations or tests when you apply for cover, although additional medical information may be requested in some cases.

If a premium remains unpaid for 30 days following the due date, Zurich may cancel your policy.

Premiums can be paid via credit card or direct debit from your bank account. However, be aware that direct debits may incur an additional fee.

No. Ezicover premium rates are not guaranteed and may change. Any changes that do occur will affect a group of policies, not just one individual policy.


Who is eligible for American Express Policies?

Both American Express life insurance policies allow you to apply for cover online, over the phone or by completing a paper application form. If you want to take out American Express Ezicover Term Life Insurance you will need to meet the following criteria:

  • You must be an Australian citizen or permanent resident;
  • You must be residing in Australia on a permanent basis;
  • You must be between 19 and 69 years of age; and
  • You must receive the PDS in Australia, including if you access the PDS in electronic form.

Although this policy pays a maximum benefit of $1.5 million, the maximum benefit you can apply for is dependent on your age:

  • If you are aged 19 to 45, the maximum benefit payable is $1.5 million
  • If you are aged 46 to 54, the maximum benefit payable is $1 million
  • If you are aged 55 to 59, the maximum benefit payable is $750,000
  • If you are aged 60 to 69, the maximum benefit payable is $500,000

American Express Ezicover Term Life Insurance expires on the policy anniversary following your 99th birthday.

If you want to apply for an American Express Ezicover Funeral Advantage Insurance policy you will need to satisfy the following criteria:

  • You must be an Australian citizen or permanent resident;
  • You must be residing in Australia on a permanent basis;
  • You must be between 35 and 70 years old; and
  • You must receive the PDS in Australia

This policy pays a lump sum benefit of between $5,000 and $15,000, and there is no expiry age.


How do I make a claim for American Express Insurance?

If you need to make a claim on your American Express life insurance policy, you’ll need to contact Zurich, the issuer of both Amex policies. It’s important to contact the insurer as soon as possible after the event giving rise to your claim occurs.

Zurich’s local claims team will be able to guide you through the process from start to finish, ensuring that your claim is paid as quickly and with as little hassle as possible.

Once you contact the claims team, you will be sent a claim form. You will need to complete and sign this form before returning it to Zurich by post, fax or email.

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