What is Funeral Insurance?
Dignity Funeral insurance is a type of insurance policy that provides your loved ones with a cash payout of up to $15,0001 when you pass away. It can be used to help with:
- Your funeral costs – so your loved ones don’t shoulder this financial burden alone
- End-of-life expenses, such as outstanding medical bills
With this cover in place, you can have peace of mind that your family will have some financial support during their most challenging times. Leaving you to enjoy life with them right now, with one less worry.
Who should consider taking out funeral insurance in Australia?
Death is a normal part of life and while it's not a pleasant topic, it can be essential to plan for it. Funeral expenses can add up quickly, and for some people in Australia, the burden of covering these costs can be overwhelming. This is where funeral insurance could help.
If you’re an Australian resident aged 50 to 80, you can apply for between $3,000 and $15,000 of cover1 with Dignity Insurance. Here are some examples of who may consider funeral insurance:
People with Specific Funeral Wishes:
If you have specific funeral wishes, funeral insurance can help ensure your final wishes are fulfilled without creating a financial hardship for your family. It also means you can provide some money for your funeral without needing to pay upfront for it.
Individuals with Limited Savings:
If you don't have substantial savings or investments earmarked for funeral expenses, funeral insurance could be a practical choice. It can be a simple way to help protect your family from unexpected financial strain at an already difficult time.
Retirees and Seniors:
As you retire and get older you may be thinking more about how you can help support your loved ones when it comes to funeral costs. Taking out a Funeral Insurance policy can be a way to prepare for any financial strain that may arise for your loved ones after you pass away.
How do I know if I need funeral insurance?
Deciding whether you need funeral insurance involves evaluating your financial situation, family needs, and personal preferences. Here are some things to consider when deciding if you need funeral insurance:
Financial Situation:
Assess your financial standing. Do you have enough savings set aside to help cover the cost of your funeral and end-of-life expenses? If not, funeral insurance can be a simple way of putting a financial plan in place for the future.
Family Needs:
Consider the potential impact on the ones you love. If your death would create a financial burden, especially if your family lack the means to cover funeral costs, funeral insurance could be a practical choice to make. It could help to ease the financial burden during a challenging time.
Specific Wishes:
If you have specific funeral wishes, such as the type of ceremony or burial arrangements, and want to ensure they are honoured, funeral insurance can help provide the necessary funds to do this. This is particularly important if your wishes involve additional costs that your family might find challenging to cover.
Choosing the Right Funeral Insurance Plan
Choosing a policy that’s right for you really depends on what you need the cover to do. At Dignity Insurance, we understand that everyone’s needs are different. We offer insurance policies that are designed to help your family cover funeral expenses.
As well as helping to provide peace of mind that your family will have some financial support during the most challenging of times, here are some of the benefits you can look forward to with Dignity Insurance:
- Terminal Illness cover - 100% early payout for Terminal Illness, helping you plan your final wishes without worrying about financial pressures.2
- Straightforward claims - Our claims process is designed to be simple, and our Australian-based claims specialists are on hand to help your loved ones with cover backed by an independent, Australian-owned insurer.
- Guaranteed acceptance - If you’re an Australian Resident aged 50 to 80, you’re guaranteed to be accepted for cover.
- Trust - Dignity Insurance is part of a group whose brands have been chosen to protect over 500,000 customers worldwide and have ‘Excellent’ Trustpilot ratings.3
- No more premiums after age 90 - From the policy anniversary following your 90th birthday, premiums are no longer payable but your cover will continue for life.4
Why consider Dignity Funeral Insurance?
A Dignity Funeral Insurance policy can be set up in minutes over the phone. There are no medicals or blood tests needed to apply. Acceptance is guaranteed for Australian residents aged 50 to 80.
With a policy in place, you can have some peace of mind that your final wishes can be honoured without leaving your loved ones financially burdened. We understand that talking about death can be uncomfortable, so we keep things simple and straightforward to make it a little easier. Call us today to explore your options.