Can I make the premium payments for the funeral insurance on behalf of my parents?

Posted on 17 December, 2017 at 19:25

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 life insured (person to be insured) and sign the funeral cover plan application in this instance as they must sign off the declaration. But family members can. of course, assist as required.

Paul Woollame, Funeral Insurane Helpline