Funeral Insurance NZ - For NZ's most extensive Funeral Insurance information and quotes
Helpful information about Funeral Insurance NZ
Insurance NZ - what's is all about? who can get it and what cover can I get?
Insurance is designed to provide your nominated beneficiary with a cash lump
sum so your funeral expenses can be met without delay. You can then rest
assured that your family are not left with the financial pressures of the
funeral on top of everything else. Funeral Cover NZ is guaranteed acceptance
with no medical questions asked.
are currently aged between 30 and 85 there is a funeral cover available for
you. You can choose cover amounts between $3000 and $30000. The various
insurers have different age entry points and different sum insured options so
you may need to compare various insurer to get the cover you require.
acceptance is guaranteed it is easy to obtain. It is really as simple as if you
want cover you can have it. You just need to select a cover amount and premium
that you are happy to pay. You can apply online for many of the funeral plans
or else it is a simple 1-2 page paper application form.
amount typically taken varies depending on customer requirements. We find that
about 80% of all policies our customers take are for covers of $7500 - $10000.
As the claim is paid as a cash sum your beneficiary can use for whatever
purpose you have agreed. Some customers take a higher level of cover if they
think they may have to clear extra debt and some use to help family members who
may have to travel from within NZ or overseas.
What sum insured is most commonly applied for when
taking out NZ Funeral Insurance?
only speak for the cover levels our own clients have applied for. Of the last
100 sales we have had 34 choose $10000 and 31 choose $7500 so these are the
most common individual sum insured's by a long way. A further 27 took covers
ranging between $12500 and $25000 and just 8 took $5000 cover.
So, a lot
of people tend to think covers of $7500 or $10000 will cover the bulk of their
expenses. Of course, premiums also are an important factor and clearly the
premiums for these cover levels are more affordable than those once you choose
$12500 or more.
heavily influenced by budget tend to look at the lower cover levels, including
$5000, or slightly more such as $7500.
families with a number of family members overseas, and some Pacific Island
families fall in to this category, choose higher levels of cover so that the
funds can also assist with airfares as well as just the actual funeral
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