Almost 3 years ago, Pinnacle Life launched a policy called ‘Funeral Cover’, an insurance policy that pays up to $20,000 to cover the cost of a funeral.
Whilst the product is designed essentially for people over 50 (some insurers call it ’50 Plus Insurance’) it’s available online to anyone aged 30 to 69.
What continues to surprise us is the proportion of people in their 30’s and 40’s that have purchased Funeral Cover - clearly the product’s hitting the mark with a younger audience than we had initially envisaged.
How does Funeral Cover work?
The entire application process takes around 5 minutes.
Unlike most life insurance products, the premiums for Funeral Cover remain the same every year, without increasing. And once you turn 85, you totally stop paying – and your cover continues free of charge until you, ahem, expire.
Best of all, being a ‘guaranteed issue’ product, Funeral Cover is offered with no health questions asked, and the policy will be emailed to you immediately online.
And the extra bonus?
Your family will say great things about you at your funeral… see this ad on YouTube and you’ll see what I mean!