Find the best funeral insurance that will pay for the funeral you want
Comparing funeral insurance quotes can help you find cheap burial insurance so that your loved ones can pay for your final expenses. When reviewing Australian funeral insurances quotes from us, you can easily assess premiums and benefits while choosing the cover amount you want. This is generally between $5,000 and $15,000, depending on the insurer.
How much does it cost for a funeral in Australia?
A funeral in Australia can cost you anywhere from $3,000 to $50,000, but this amount depends on the kind of funeral you want. For example, whether you prefer to be buried or cremated, the kind of urn or coffin you want, and if you want to have a service that includes catering and flowers. These factors will determine the overall cost of your funeral.
What is capped funeral insurance?
Capped funeral insurance premiums mean you’ll never pay more in premiums than the cover amount you chose. This is usually the type of final expenses policy you want because it prevents you from paying more than what your policy will one-day pay-out.
What is level funeral insurance premiums?
Level funeral insurance premiums is a premium type that starts more expensive but does not increase every year because of your age, this excludes yearly inflation and stamp duty. Stepped premiums might seem more attractive because they start off cheaper, but will increase every year as your risk to the insurer increases.
One of the best ways to ensure you find level premiums that are capped is request quotes from a variety of companies and carefully review the products disclosure statements (PDS).
The key is to be as transparent and fully comply with your duty of disclosure. While you are gathering quotes, take the time to inform your current insurer(s) of your plans to take out separate policies. They can then advise you whether this will impact your future claim payouts.
Funeral insurance reviews
Reading funeral insurance reviews from customers will provide you more insight into how these companies treat their clients and how quickly and easily claims are paid. Negative reviews are not the only way to make sure that you get the cheapest and best quality funeral insurance in Australia, you need to compare funeral insurance quotes based on your unique requirements.