The average cost for a funeral is currently around $8,000 - $10,000 but can vary widely.*
Funeral Insurance provides an amount of cash (that you choose when you take out your policy) to pay for your funeral, or anything else your family needs. Once your beneficiary provides us with documentation we’ll pay the funds within 1 working day, so when the time comes your family will have one thing less to worry about.
When you need to claim on your Pinnacle Life policy
For the first two years you’ll only be covered for accidental death, but after that you’ll be covered for any cause of death.
If you die in the first two years, and your death was not accidental but by some other cause, we’ll return all the payments to your chosen beneficiary.
Your claim will be paid in New Zealand Dollars within 24 hours of acceptance, to the beneficiary of your choice, anywhere in the world.
You and your family can organise the goodbye of your choice, we don’t tell you what to do with your payment so anything is possible.
Can I get cover for my parent/partner?
Yes, they simply need to apply. Note that it's the person getting insured who must provide the answers to the health questions on the application form and complete the declaration. When the policy is issued, the insured person will also be the policy owner. If they want to change that, they will need to request an update using the 'change of ownership' form included in the policy.
Do I get money back if I cancel?
No, you don’t. You can cancel this policy at any time; however, your payments are not refundable. The only exception is where you have paid either for six or 12 months in advance; in this case, we’ll refund the amount you have pre-paid. The same as for your typical car, contents and health insurance policies.