Your unexpected death would be a traumatic time for your family, and the last thing you would want is for them to stress about how they'll manage the cost of your funeral. Taking care of your funeral expenses with a Funeral Cover policy is an easy way to make sure your family will not be burdened with the cost of your funeral. It's your way of giving a final gift of love to your family.
This type of policy is also known as funeral insurance, funeral expense cover, funeral plan, 50+ or 50+ insurance or 50 plus insurance.
HOW FUNERAL COVER WORKS
We'll pay the amount of cover you've selected to the beneficiary nominated in your policy if you die from an accident at any time after taking out your policy or from any other cause once the two-year waiting period has passed. You can select levels of cover between $7,500 and $25,000.
This means you're covered for accidental death from day one of your policy. If you die from other causes before waiting period is up, we'll refund the premiums you've paid so far.
Acceptance of your application by Pinnacle Life is guaranteed. This means that both your acceptance and the premiums that you pay are not based on your health. You will however pay higher premiums if you are a smoker.
Your premiums remain the same every year without ever increasing. Once you turn 85, we'll cover you for free - with no more premiums to pay!
When you take out Funeral Cover we give you a 30 day money back guarantee - so if you cancel your policy in the first 30 days, we'll give you a complete refund. After that, there are no refunds. Your policy simply gives you insurance to provide funeral cover - it is not a savings plan.
WHO TYPICALLY BUYS FUNERAL COVER?
Although we don't like to think about it, sooner or later everyone needs a funeral. And if you don't want your loved ones to have the stress of finding the money to pay for it - often at short notice - then funeral insurance is for you. If you don't have life insurance, funeral insurance may be the minimum you need to cover the funeral costs and expenses such as unpaid bills that may be left behind.
FUNERAL COVER DOCUMENTS
Funeral Insurance Highlights
Funeral Cover Policy Sample