Compare Best Funeral Insurance in New Zealand

Compare Funeral Insurance LifeCovered

Compare best Funeral Insurance in New Zealand with leading funeral cover providers now!

Funeral Insurance with guaranteed acceptance, pays a tax-free lump sum to the policy owner when you pass away and is intended to cover the average $5,000 -$8,000 funeral costs in New Zealand.

Dying can be expensive, and many decisions need to be made: will it be burial or cremation, funeral casket or urn, embalming or ashes?

Should it be a memorial or a funeral? What about headstones or plaques?

The process of grieving involves crying, talking, silence and withdrawal. Bereavement, loss, grief and mourning are all expressed differently.

Eulogies or tributes are expressions of gratitude and celebration of the life lived.

Funeral insurance will not take away the loss.

A funeral cover policy will provide enough money, that the family don’t have to worry about the financial implications of your funeral.

Many insurance companies offer a built-in funeral advancement benefit in the standard life insurance policy.

Check with your broker or contact me about your life insurance.

The Burial and Cremation Act of 1964 regulates burial and cremation of the dead.

Burial and Cremation Act 1964

Compare funeral insurance with life insurance, there is a maximum cover amount, and acceptance is guaranteed without medical underwriting.

When it comes to the burial of the dead, there are basically two ways: a DIY and hire a Funeral Director.

First, let’s look at costs related to funerals, cremations and burials.

About Willi

Willi is a Life Insurance Specialist, who focuses on protecting family and business from financial risk.
Willi has more than five years banking and life insurance experience in Europe and moved to NZ 2014 and has now established himself in Hamilton, where he lives with his Wife, Daniela and two children: Andrew & Laura. He is a founding member of Rotary Rototuna, a community services club.
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How much will a funeral actually cost?

Funeral Cover is to ensure your funeral is paid for and that your loved ones are not burdened with a financial outgoing when you are gone.

A basic cremation costs around $1,700 and a more involved service costs up to $14,000. So prices vary.

Influencing factors include:

  • Whether there are religious, ceremonial or family requirements
  • Whether you are being buried or cremated
  • If buried, the cost of a burial plot, casket, gravestone, transportation etc
  • If cremated, the cost of an urn, flowers, funeral director etc
  • Whether there will be a wake after the funeral
  • Mandatory costs such as newspaper notices, death certificate etc.

Based on various funeral policy features, I will compare best funeral insurance policies in New Zealand by merely giving you an overview of premiums paid, benefits and pitfalls.


Compare Funeral Insurance – what to look for

When deciding which funeral insurance plan is best suitable for you, I think there are a few features, benefits and pitfalls we should compare.

Budget, age and personal preferences probably will guide you in your direction. And I hope this post will empower you to compare funeral insurance in New Zealand.

In this example, I am going to compare funeral insurance from several companies including Cigna, Pinnacle Life & Fidelity Life.

First, all the funeral covers have pretty much standard or similar wording when it comes to

  • Guaranteed Acceptance: no questions asked and automatic acceptance.
  • Accidental Cover during first 2 years:
  • Full Cover after 2 years:

The things I am going to  examine are:

No Medical Exam: – automatic acceptance, no questions asked

Level Premiums: that is, premiums that don’t increase with age

Payable Period: payable for a limited time and covered for life or payable until well and truly retired…

Top Financial Rating: look for companies with a solid credit rating

Funeral Cover For Pensioners NZ

Funerals aren’t cheap.

The average cost of a funeral in New Zealand is around $8,000 – $10,000 according to Citizens Advice Bureau New Zealand (CABNZ).

Death and taxes are those predictable things in life.

And unless you can set aside money to save for your private funeral fund, a funeral insurance policy could be the smarter way to do things.

Because with a funeral insurance policy, your family don’t have to worry about money during the difficult time.

The money is paid out quickly, and most funeral homes will need to be paid within two weeks.

Another thing to keep in mind is if death is accident related, ACC might help with funeral costs.

A cremation costs comparison chart that has published shows cremation costs vary from $1,595 to almost $5,000 across the country.

Compare Funeral Insurance – Premiums:

Different companies, different policies.

That is so true.

To compare funeral insurance premium structures can be confusing and challenging.

Some providers will continue to charge you premiums until you are 90.

And others guaranteed you pay max ten years and stay covered for life.

Have a good look at what fits your life circumstances and budget, because as you can see, there is a significant difference between the policies.

Consider also if premiums increase with age or are guaranteed not to increase.

compare funeral insurance - don't pay for life - stuff article

“Funeral insurance marketing plays on people’s fears about being a burden on their families. But it’s easy to end up paying thousands more in premiums than the insurance policy will pay out.”

Consumer NZ chief executive Sue Chetwin in

Compare Funeral Insurance Cover

All the funeral insurance policies I have seen cover only accidental death the first two years.

After two years, sum insured is paid on the death of the insured person.

On the death of a life insured by a cause other than by accident during the first two years, the benefit payable is return of premiums paid.

In plain English, this means the premiums paid from the time you took out the policy until death, will be paid out.

Fidelity Life does things a bit differently. If death in the second year is other than by accident Fidelity Life will pay one and a half times the premiums paid, unless the premium is paid by single premium, in which case Fidelity Life will pay 1.1 times the premium paid.

Cigna Funeral Cover NZ

Cigna Funeral Cover NZ

AMI Funeral Insurance

Sovereign Funeral Cover

AA Funeral Cover

AA Funeral Cover

State Funeral Cover

State Funeral Cover

Compare Funeral Insurance Providers

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Funeral Cover – Get Online Quote Now

Funeral insurance policies can be purchased through insurance brokers like me or directly with an insurance company.

The advantage to buying through a broker is that it gives you a second source to verify facts about the company and policy. Something to consider is how easy the company to deal with at the time of claim is? What is the reputation in the market? The role of a broker is to support your claim when it is needed.

And this is where a brokers experience can be measured in gold.

Get Funeral Insurance Quote Now

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