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Funeral Insurance

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Features

  • World wide cover 24/7
  • Guaranteed acceptance
  • FREE will kit
  • 30 day money back guarantee

Features

Benefits

Final Expenses Insurance Australia
  1. Select a cover amount to suit your needs and budget – from $3,000 up to $15,000. Your chosen benefit is paid in the event of your death. Please note that the benefit is paid only in the event of Accidental Death in the first 12 months, thereafter a benefit is payable on death by any cause.
  2. Your benefit triples in the event of Accidental Death – payout of up to $45,000 from day 1.
  3. Australian residents aged 18 to 79 won’t be turned down for cover – acceptance is guaranteed.
  4. You can be covered over the phone in minutes.
  5. There are no intrusive health questions, no medical exam and no need for a blood test.
  6. Flexible premium structures – choose either fixed or age-based – whatever works for you.
  7. Flexible payment options – choose monthly or fortnightly with deductions on the day of your choice.
  8. Premiums are waived after age 90, yet cover continues for life.
  9. You’re covered worldwide 24/7.
  10. 30 days free look period – review your policy so you can make sure it suits your needs, and if not, get a full refund.

Some things you should know

  • Cover is for Accidental Death only in the first 12 months, then death by any cause thereafter.
  • The Benefit Amount automatically increases by 5% annually up to age 80 with a corresponding increase in premium annually but you can choose to decline this increase.
  • In addition, if you have selected the age-based premium option, your premium rate will increase on each Policy Anniversary if the oldest Life Insured on the Policy is aged between 44 and 80. While the oldest Life Insured on the Policy is younger than 44, or older than 79, your premium rate won’t increase due to age.
  • If cover ends, no benefit is payable and there is no refund of premiums after the cooling off period.
  • Please be aware that if you hold your Policy for an extended period of time, it is possible that you could pay more in premiums than the Benefit Amount.
  • After the Commencement Date on the fixed premium rate option, you are unable to change the premium option you have selected, without cancelling and restarting your cover.

Easy application

Call 1300 132 542 today! Cover can be arranged over the phone in a matter of minutes or you can apply now.

For more information read the Product Disclosure Statement and Financial Services Guide or visit finalexpensesinsurance.com.au.

Why is it important to have a type of funeral insurance in place?

Have you ever considered who would be responsible for your outstanding expenses if you were to pass away?

Final Expenses Insurance Australia

Have you ever considered a form of funeral insurance?

Outstanding bills and funeral costs can run into thousands of dollars…you wouldn’t want to burden your loved ones with added financial stress at a time when they will be grieving and experiencing great sadness and loss.

That’s why planning in advance could be one of the most loving decisions you have to make for your family.

Securing cover early ensures the financial help is there for your loved ones when it’s needed.

The table below provides a sample of some common funeral costs and possible outstanding debt that may need to be paid. Funerals on average can cost between $4,000 and $8,0001 in Australia and add to that existing personal debt, this can place a huge, unexpected stress on your loved ones.

Final expenses your family could be left with
Total $10,500
Funeral Director $1,500
Casket $4,000
Flowers $500
Credit Card $1,000
Personal Loan $3,000
Utility Bills $500

1. Costs are based on market averages and may vary.

Australian Seniors Insurance Agency has designed Final Expenses Insurance that helps to protect your family from the financial burden of your funeral and other unexpected costs in one quick phone call.

Once your Seniors Final Expenses Insurance is in place you can keep it for life and you’ll be covered anywhere in the world, 24 hours a day. Your health and circumstances may change, but as long as you continue to pay your premiums, your Final Expenses Insurance can continue for life. What’s more, from age 90 your cover will continue but no further premiums are payable.

Phone 1300 132 542 for more information or to be covered today!

Why choose us for your Final Expenses Insurance?

Australian Seniors Insurance Agency – the Over 50’s Insurance specialist

Final Expenses Insurance Australia

Australian Seniors Insurance Agency, established in 1998 to provide cost effective insurance solutions, including final expenses insurance for the mature Australian market, a market too often ignored.

Today Australian Seniors offers a comprehensive range of insurance based services designed to help protect and improve the well being of Australians over 50.

Our rigorous selection process ensures we only select insurance providers with substantial financial standing who share our vision and have the ability to deliver a range of products and services tailored to the needs of all Australian Seniors – whether they are working, pensioners, or self funded retirees.

That’s why we have chosen Hollard Financial Services Pty Ltd (HFS) ABN 53 128 692 884, an Australian Financial Services Licencee AFSL 343079, to distribute Australian Seniors Final Expenses Insurance which is underwritten by Hannover Life Re of Australasia Limited (Hannover).

Hannover is a wholly-owned subsidiary of Hannover Re and is part of the Hannover Re Group worldwide. Hannover Re Group is one of the largest life reinsurers in the world and has a Standard and Poor’s Insurer Financial Strength of AA- (Very Strong), and has maintained this rating for a number of years. The life insurance business of Hannover has been operating in the Australian market since 1958, and as at 31 December 2012 had total annual in force premium in excess of AU$750 million.

Australian Seniors Insurance Agency has been an ardent supporter and sponsor of the various state based Seniors Card programs, being the major sponsor for various state directories over the last ten years along with other senior Australian organisations.

The principals of Australian Seniors have over 27 years of experience in the provision of quality insurance and other services to mature Australians.

We welcome any comments or suggestions you may have as to how we may improve our services – please email us at mail@seniors.com.au.

Final Expenses Insurance FAQ

What makes Final Expenses Insurance so important?

No-one would want to leave their family in a financial mess would they? That’s why Australian Seniors Final Expenses Insurance has been designed to help you protect your family from the financial burden of your funeral and other unforeseen costs, if you were to unexpectedly pass away.

I’m healthy why would I need this Insurance?

No-one knows what lies around the corner, whether it’s an accident or illness – and securing cover early ensures the financial assistance is there when needed.

How much insurance cover can I get?

You can select a cover option that suits your needs and budget, from $3,000 through to $15,000 Insurance benefit (in the first 12 months benefit is paid only in the event of Accidental Death, thereafter a benefit is payable on death by any cause).

If death is the result of an Accident, then an additional 2 times the Insurance benefit will be paid, to a maximum of $45,000. This means if you have chosen a $10,000 Insurance benefit, you are also provided with a further $20,000 of Accidental Death Insurance providing a total benefit payable to your loved ones of $30,000.

Please note, if cover ends no benefit is payable and there is no refund of premiums after the cooling off period. Please be aware that if you hold your Policy for an extended period of time, it is possible that you could pay more in premiums than the Benefit Amount.

Are there any optional benefits I can add to my Australian Seniors Final Expenses Insurance?

Yes. You can add Accidental Serious Injury Insurance to your Australian Seniors Final Expenses Insurance, which provides a benefit in the event of Quadriplegia, Paraplegia, Hemiplegia, Blindness, Deafness or Total and Permanent Loss of Use of Two Limbs.

Am I eligible for Australian Seniors Final Expenses Insurance?

If you are an Australian resident aged 18 to 79 you’re guaranteed acceptance for this cover.

Is it necessary to have a medical or blood test?

No, and there are no intrusive questions about your health and lifestyle.

Are there any exclusions?

During the first year of cover under the Australian Seniors Final Expenses Insurance, a benefit will only be paid if death is due to an Accident, thereafter the benefit is payable on death from any cause, including sickness and accident.

What is meant by “Accident” or “Accidental Death”?

Accident means an event resulting in bodily injury where the injury is directly and solely caused by violent, external and visible means without any other contributing causes and where the injury is not self inflicted.

Accidental Death means death occurring as a direct result of an Accident and where death occurs within 90 days of the Accident.

Does cover extend around the world?

Absolutely! Once your Australian Seniors Final Expenses Insurance is in force, you are covered around the clock, anywhere in the world as long as your Policy remains in force. If you are on a temporary Australian work visa and no longer reside in the country, your Policy will be cancelled.

Can I cover my partner and children too?

Yes. The Australian Seniors Final Expenses Insurance has been designed to be family friendly. You can choose to cover your life (single plan), or cover yourself and your partner and all children who are dependent on you until they reach age 21 (family plan), provided they are Australian residents. There is no limit on the number of dependent children that can be covered under the family plan.

Isn’t funeral cover like this expensive?

Just get a quote to see how affordable it can be for you.

Cover starts at $2.84 per week (age-based premium for single plan providing $5,000 benefit [or $15,000 Accidental Death benefit] for a person aged 50).

If you choose the age-based premium option, your premium rate will increase on each Policy Anniversary if the oldest Life Insured on the Policy is aged between 44 and 80. While the oldest Life Insured on the Policy is younger than 44, or older than 79, your premium rate won’t increase due to age.

If you choose the fixed premium rate option, your premium rate will be fixed at the rate you are paying at the commencement of your Policy.

Whichever premium option you select, to help your level of insurance keep pace with the cost of living, your Benefit Amount will automatically increase by 5% each Policy Anniversary with a corresponding increase in premium. You can decline these automatic increases if you wish. Your premium will increase with any Benefit Amount increase that you request or accept.

What is the difference between the aged based and fixed premium options?

We understand that everyone’s needs are different, that’s why we allow you to choose the premium structure that suits you and your budget. There are two options to choose from:

Age-based premium option

If you’re looking for cost-effective cover now, with an automatic increase feature to ensure your cover keeps up with rising costs, then take a look at our age-based premium option. Your premium starts lower than with a fixed option, and is calculated when you take out your Policy and again at each Policy Anniversary.

Like everything else, funeral costs and living expenses are affected by inflation. If you select an age-based premium, your cover is automatically increased by 5% each year on your Policy Anniversary. However, you can choose not to accept this increase. We will write to you at each Policy Anniversary and give you this option.

While the oldest Life Insured on the Policy is younger than 44, or older than 79, your premium rate won’t increase due to age. What’s more, from age 90 you will no longer have to pay premiums, and your cover will still continue, so you can enjoy the benefits without the expense.

Fixed premium rate option

If you want that little bit of extra help managing your budget, along with the peace of mind knowing your premium won’t change based on your age, consider our fixed premium option. Although your premium starts higher than the age-based premium option, each Policy Anniversary your premium will be calculated based on the rate you were charged at the commencement of your Policy – even though you’re getting older!

As funeral costs and living expenses are affected by inflation, your Benefit Amount will automatically increase by 5% each year each Policy Anniversary. Because we consider your age to be fixed, your premiums will only increase in line with any Benefit Amount increases that you accept. We will write to you at each Policy Anniversary and give you the option to decline the increase. With this future knowledge, you’ll have extra help managing your budget.

Plus, from age 90 you will no longer have to pay premiums, and your cover will still continue.

Are there any tax benefits?

In most cases your premium will not be tax deductible and tax will not be payable on any benefit paid under your Policy. This information is based on continuance of present tax laws and is general in nature. Your individual situation may differ and you need to decide if you should seek qualified professional advice in relation to your particular circumstances.

How long can I keep my insurance cover?

As long as you pay your premiums, the cover is guaranteed renewable for the rest of your life and you’ll be covered anywhere in the world, 24 hours a day – even if your health and circumstances change. Premiums are waived after age 90. If you hold your Policy for an extended period of time you may pay more in premiums than the Benefit Amount, depending on the circumstances.

Will I get anything back if I cancel my Australian Seniors Final Expenses Insurance?

If you cancel your Australian Seniors Final Expenses Insurance within the first 30 days of commencement, you’ll receive a full refund of premiums that have been paid, unless you have already lodged a claim. However, if you have chosen a yearly payment option, we’ll refund the unused portion of your premium. If cover ends, no benefit is payable and there is no refund of premiums after the cooling off period.

Can I decide who will receive the benefit?

Yes. You can nominate a person as a beneficiary to receive the benefit on death by simply downloading a Beneficiary Form, complete and mail it to:

Australian Seniors Customer Service
PO Box 6728
Baulkham Hills NSW 2153

If you do not nominate a beneficiary, then we make all payments for claims in the first instance to the Policyowner. For a Joint Plan, this means that payments are made to the surviving Life Insured. If there is no surviving Life Insured, benefits will be paid to the Nominated Beneficiaries. Where there are no Nominated Beneficiaries, we will pay the benefit to the Policyowner’s estate.

Claims will usually be assessed within 2 business days, after the completed claim documents are received with any additional information required. Accepted claims will be paid without any unnecessary delay.

Do you accept payment by credit card?

Yes. You can pay your fortnightly or monthly premiums on the date selected by you – and you can pay either by automatic debit from your bank, credit union or building society account or by charge to your Visa or Mastercard.

Who is the insurer?

Hannover Life Re of Australasia Limited ABN 37 062 395 484 (Hannover) is the issuer of Australian Seniors Final Expenses Insurance. Hannover is a wholly-owned subsidiary of Hannover Re and is part of the Hannover Re Group worldwide. Hannover Re Group is one of the largest life reinsurers in the world and has a Standard and Poor’s Insurer Financial Strength of AA- (Very Strong), and has maintained this rating for a number of years. The life insurance business of Hannover has been operating in the Australian market since 1958, and as at 31 December 2012 had total annual in force premium in excess of AU$750 million.

How can I get cover for my funeral costs?

Call 1300 132 542 and we can give you more information about Australian Seniors Final Expenses Insurance, answer any questions you may have, provide a quote and take your application over the phone – it’s as easy as that and you could be covered immediately.

Call for a quote on 1300 132 542.