Funeral Insurance NZ Helpline

AA Funeral Cover, Cigna Funeral Insurance and Pinnacle Life Funeral Plan plus numerous other  funeral plans NZ are all worthy of consideration. There is no 'best' funeral insurance plan as such as the policies do differ from insurer to insurer and the premiums definitely can vary widely between the different funeral covers NZ. In some instances, for example, the same funeral plan that may be cheapest for a 74 year old male might not be best for a 55 year old female. 

Funeral Insurance is typically taken for the specific purpose of paying for your funeral (although you can take a little more cover if you think you may want to clear any other debt, say a credit card or small loan). For the purpose of paying for your funeral it is common people take either $7500 or $10000 cover. But this can go to as high as $30000 with some insurers to provide for cover for extra expenses.

Funeral cover NZ can be purchased from age 30 but many customers te...

Yes, it is possible in some instances although more often that not the signature of the insured person is required. While this always sounds a bit sinister it is not of course, we often are contacted by family wanting to arrange cover for their parents (usually) who would not be interested at all in having or paying, or because of health reasons.

Other than Power of Attorney situations, typically with any form of insurance the person being insured must sign a declaration, th...

One big point of difference is that each funeral cover NZ insurer has different age entry points and sum insured options. For example with Cigna Funeral Insurance they provide cover for those aged 50 to 85 and sum insureds from $5000 to $30000. Pinnacles funeral plan NZ has cover from $7500 to $25000 and you must be aged 30 to 75 to buy cover. AA Funeral cover is available for those aged 50 to 79 and have covers from $5000 to $30000.

Each insurer has distinctly different pre...

There is no reason at all why you cannot have multiple funeral plans in place at one time. You can have one with every insurer if you really want, your only constraint is how much you can afford. Because of the unique nature of funeral insurance NZ, ie it being so easy to obtain, sometimes people feel having a second policy is good value. In saying this the normal reason we are told for doing this is that they require a funeral cover level over what one insurer might provide. For example for ...

Standard funeral insurance covers in New Zealand are all guaranteed acceptance so have no medical criteria to meet. Generally they all have the same 2 year stand-down period for death by natural causes. Most also have fixed premiums that do not increase as you age.

There is a variation in what eligibility ages apply to each insurer with some requiring a minimum age of 50 while there are exceptions such a age 30 entry point. Different levels of sum insureds are possible betwe...

Yes, no problem. Any person can make the premium payments and in fact we have a lot of family members who help their parents in this way. It is just set up at the time you apply for the insurance. Sometimes the person making the payments is also l the nominated beneficiary of the funeral insurance cover and this is perfectly acceptable also.

Both the payment method and the beneficiary can be altered at any time in the future.

The parent still must be the li...

At the time you apply for your funeral insurance you will nominate who is to be paid when the time comes. This person will typically be your spouse, close family member or trusted friend. They will be the ones who are paid the sum insured so make sure they know about the insurance and have a copy on file.

You can also alter the beneficiary at any time in the future if your circumstances alter.

While it is nothing to do with the insurance we do find that at ...

Yes, most funeral cover plans are guaranteed acceptance with no regard for past or current health at the time of application. The reason for this is that they also have a two year stand-down period for claims for death from natural causes. So, for the insurers it is not so important about the current health.

All the main funeral insurers have the same stand down period. It is simply to ensure that someone who is very unwell and has a potentially short life expectancy cannot ...

There are many funeral insurance providers out there and the majority of them do have their premiums continue until claim time. So, if you live a great long life the total premiums paid can add up. Pinnacle Life, however, are one of the few exceptions as they have a policy benefit where you only pay until age 85 and then cover continues for free after that. AA have the same but at age 90.

This benefit is one of the best going around with funeral insurance. This ensures that ...