Funeral insurance is a financial helping hand you can provide for your family. 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 outstanding debts.
Funeral insurance works much the same way as other insurance policies – where you pay a fortnightly or monthly premium based on factors such as your age, smoker status and the level of cover you choose. It can help you ensure your final expenses are covered without any inconvenience to those most important to you.
Every day in New Zealand about 80 funerals and memorial services are held on marae and in churches, temples, mosques, synagogues, funeral home chapels, community halls and suburban gardens.¹
A funeral insurance policy can help your family honour you with a service and celebration of life that suits your style. A funeral in New Zealand costs on average $10,000², which can be a stressful bump in the financial road for loved ones during an already tough time.
By choosing a benefit amount that suits your needs, you and your family can take comfort in knowing they can pay for any immediate expenses that may occur when the time comes.
A funeral insurance policy will usually provide an immediate cash payout when a claim is made, which can be used to cover:
Planning how your funeral is paid for is just as important as planning and saving for other events in your life. Consider the style of funeral you want – can your loved ones afford this? This is where funeral insurance can help cover the costs and other related expenses. Learn more about who should consider funeral insurance.
In most instances, your next of kin (spouse, child, parent, legal partner or sibling) is responsible for arranging and paying for your funeral. You or your family members can take out funeral insurance cover which means there’s one less thing to worry about when the time comes for your family to pay the funeral costs.
When taking out funeral insurance, consider the following when choosing your cover:
A funeral in New Zealand costs on average $10,000.²
Depending on your personal style and your family’s needs, funeral expenses can vary.
We know that things can change over the years which means your insurance should keep up. That’s why Seniors Funeral Insurance helps you adjust if life comes calling and your circumstances change.
Once you turn age 85:
Seniors Funeral Insurance pays a lump sum to your family (up to $30,000) upon your death for them to spend as they require.
Seniors Funeral Insurance pays a lump sum to your family from $3,000 up to $30,000 upon your death.
If you’re a New Zealand resident aged 18 to 79, you’re guaranteed acceptance. No medical screening, complicated paperwork or blood tests required.
Claims are usually paid within 1 business day of all completed documentation being received, so you can be sure your family has the financial help they need with little fuss.
Once you turn 85, you’ll receive an extra 25% Bonus Cover on top of your cover amount, so you can enjoy even more peace of mind for the years ahead.
From age 85, we’ll stop charging you for your cover so there will be no further premiums to pay.
Get 100% of your benefit paid if you are diagnosed with a terminal illness, helping you plan your final wishes without financial worries.4
With Seniors Funeral Insurance, your premiums won’t go up every year, making it easier to budget for the years ahead.5
From the day your policy starts, your loved ones will receive triple your cover amount if your death is the result of an accident.
Choose a payment frequency that works for you and your budget and list up to 5 different beneficiaries.
Once you turn 85, you can choose to end your policy and receive 75% of your cover amount paid to you.3
When you reach 100 years of age, we’ll end your policy and pay you 125% of your cover amount to spend however you wish.
Just answer a few basic questions about yourself to get started. We’ll get you a quote in minutes.
Tailor your policy and choose the level of cover you need.
Enjoy life knowing the people who matter most to you are in safe hands.
from 1,827 reviews
Powered by 
3 Dec 2024
Need to make a funeral insurance claim? Here's a quick guide on the documents you'll need and the steps to...
Read more about What you need to know about making a funeral insurance claim
Estate Planning
2 Oct 2024
In charge of planning a funeral notice for a friend or loved one? Here are all the basics you need to know...
Read more about A how-to guide to funeral notices
Community
18 Sep 2024
Can you take out funeral insurance for your parents? The short answer is yes, but there are stipulations!...
Read more about Funeral insurance for your parents: What you should know
Estate Planning
27 Aug 2024
A comprehensive overview of the New Zealand Pension. Learn about eligibility criteria, benefits, payments,...
Read more about A guide to the New Zealand Pension
Estate Planning
12 Jul 2024
There’s no one right way to manage grief, but one option that could help is to listen to podcasts. Here are...
Read more about Top 5 podcasts for managing grief
Better Living
12 Jul 2024
Heading into retirement and unsure what’s next? Here are five ways to find your purpose, from giving back...
Read more about 5 steps to finding your purpose in retirement
CommunityTo find out more about New Zealand Seniors,
speak to one of our friendly insurance specialists now