Compare your funeral cover options as someone over 60, including life insurance with funeral protection, with Savvy.
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We’ve partnered with Compare Club to bring you a range of life insurance policies to help you compare them side by side.
Hitting the milestone of 60 can prompt reflection on the future and well-being of your loved ones in case you pass away. This is where funeral insurance for those over 60 comes into play. Tailored for individuals beyond middle age, this insurance provides a means to prepare ahead and ensure your family is financially equipped to handle your funeral costs when the time eventually arrives.
While we don't directly compare standalone funeral insurance policies at Savvy, our free comparison service does include life insurance which can include funeral cover. Discover the range of options available to you for funeral planning right here with Savvy.
Funeral insurance for those over 60 provides a financial safety net to cover funeral-related expenses. It involves making regular premium payments, typically on a monthly or fortnightly basis, in exchange for a predetermined lump-sum payout that is paid to a designated beneficiary upon the policyholder's death.
This form of insurance is designed to offer assistance to families who suddenly find themselves responsible for funeral costs. Funeral insurance can cover costs such as:
In most cases, these arrangements are coordinated by a funeral director acting on behalf of the family.
Funeral insurance typically provides a benefit amount ranging from $3,000 to over $15,000, and some insurers even extend coverage up to $25,000. Additional features that might be included in policies are:
Keep in mind there's usually a 12-month waiting period after purchasing such insurance before the full benefit amount becomes payable. During the initial 12 months, the full benefit payout might only be available in case of accidental death, not death from natural causes.
What sets life insurance with death cover apart from funeral insurance?
Standalone funeral insurance:
These differences highlight that while funeral insurance focuses on specific funeral expenses and offers immediate approval, life insurance offers more comprehensive coverage and versatility, with premiums and benefits tailored to individual circumstances.
When looking for alternatives to funeral insurance to cover your funeral expenses, consider these options:
By considering these alternatives, you can choose the option or combination of options that best aligns with your financial situation and preferences for covering your funeral costs.
You can compare life insurance policies through us for free, allowing you to come back and continue comparing at any time.
By considering life insurance policies from insurers you can trust, you can be confident in the quality of the comparison process.
By filling out a simple online quote form, you can compare offers based on their coverage, cost and more before you buy.
Disclaimer:
Savvy is partnered with Compare Club Australia Pty Ltd (AFS representative number 001279036) of Alternative Media Pty Ltd (AFS License number 486326) to provide readers with a variety of life insurance policies to compare. Savvy earns a commission from Compare Club each time a customer buys a life insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via Compare Club.
Savvy does not compare all life insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by Compare Club or how their business works, you can read their Financial Services Guide.
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© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
