Funeral Insurance FAQsFrequently Asked Questions

Funeral insurance is a financial helping hand you can provide for your family in the future. When you pass away, your family will receive a lump sum benefit payout they can use to cover any immediate expenses, such as a funeral service or any outstanding bills. Learn more about funeral insurance.

Life is full of uncertainties, and we can’t predict the future. While there’s no point in dwelling on the worst, it’s good to be prepared.

Taking out funeral insurance is one way to be prepared for whatever life brings. It helps you protect your loved ones from high funeral costs, and other bills or expenses you may leave behind. Learn more about who should consider funeral insurance.

The cost of funeral insurance will depend on your level of cover and other personal factors, so the only way to get an accurate indication is to request a quote from a trusted provider. 

Funeral insurance works much the same way as other insurance policies – where you pay a fortnightly or monthly premium based factors such as on your age and the benefit amount you choose. When you pass away, your family will receive a lump sum benefit payout they can use to cover any immediate expenses, such as a funeral service and any outstanding bills. Learn more about funeral insurance.

How much funeral insurance cover you choose will depend on your personal style and your family’s needs when it comes to covering your final expenses. Learn more about funeral costs.

Buying funeral insurance can be as simple as applying for cover over the phone or online depending on the provider.

Yes, you can buy funeral insurance and pay the premiums for your parent(s) provided you either have a Power of Attorney (POA) or your parents are taken through the sales process and answer any questions. However, unless you have a POA, your parent(s) will be the policy holder(s) and will have complete control over the policy.

You can apply for funeral insurance if you’re a New Zealand resident and within a provider’s eligible age range.

Funeral insurance premiums are not tax deductible, and there is generally no tax on benefits received by you or your beneficiaries. Always seek qualified professional advice about the tax implications of any insurance product as tax laws may change in future.