Funeral Insurance NZ – Lowest premiums in NZ

Compare 10+ Funeral Insurance NZ Plans for best covers and lowest premiums. 

Funeral Insurance NZ – what’s is all about ? who can get it and what cover can I get?

Funeral 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.

If you 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.

As 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.

The cover 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?

We can 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.

Those heavily influenced by budget tend to look at the lower cover levels, including $5000, or slightly more such as $7500.

Many 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 costs.

For a comprehensive email that includes policy comparisons and premiums please complete our no obligation enquiry form below.

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