Funeral Plan Key Points

 

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GoldenLife policy wording
Funeral Plan policy wording
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Cover your funeral expenses and help take away some of the stress and worry from those you leave behind.

At a glance

• Pays an immediate lump sum on the death of the insured.
• Ensures most, if not all, funeral expenses will be covered in the tragedy of an unexpected death.
• You can choose to cover your family (that is, two adults and your children) at a discounted premium.

Why you need it

• Minimise the financial and emotional impact of an unexpected death.
• Funeral expenses have to be paid, usually before estate settlement and insurance payouts.
• Funeral plan can provide you the peace of mind knowing that you and/or your family's funeral expenses are covered in the event of your/their death.
• A 'no worries' approach to the major immediate post-death expense.

Key Facts

Ages
Entry age for an adult is 16 to 64.

Premiums

• Payable fortnightly or monthly by direct debit.
• Premiums are fixed at the rate calculated over the 10 year payable period.
• Single premium rates are available - contact us for a quote. (Link).

Level of Cover

• Cover can be for one or two adults as well as your children.
• $12,000 for each adult life.
• $6,000 for children aged 10 or more at date of death.
• $2,000 for children aged less than 10 years of age at date of death.

Standard Benefits

Main Benefit

• No medical questions are asked.
• You are covered immediately for accidental death.
• If death in the first year is other than by accident, we make a full refund of the premiums paid.
• If death in the second year is other than by accident we will pay one and a half time the premiums paid
• From year three onwards you will receive full cover.
• You can include your whole family at a discount.

Funeral Plan Rates

The level fortnightly or monthly premium per $12,000 Sum Assured, payable for 10 years.

For a child up to age 20 the additional cost is $4.00 per child per fortnight.

For a second adult life on the same policy, a discount is available of $1.00 per fortnight.

See Funeral Plan policy wording.

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