funeral insurance new zealand - compare funeral cover plans   

An article recently appeared in the media suggesting funeral insurance was not a worthwhile purchase and instead people should just now put a lump sum of money aside in a separate bank account so it can be used at the time to cover your funeral expenses. 

If you have $8000 - $10000 spare cash (or maybe up to $15000 depending on your likely funeral requirements) and you will never miss this money again, ie never want to use it when other money runs tight) then we 100% ag...

The reason funeral insurance is available is so people can receive a cash sum of money to provide immediate help to pay their funeral expenses. So, it stands to reason that the nominated beneficiary is someone trustworthy and close to you. And ideally it should be someone you expect will live longer than you do.

As a general rule for a joint policy the beneficiary is named as the spouse. If one partner passes away then the money can be paid the the spouse which is often the ...

Funeral Insurance is ideal for anyone who knows there will not be quick and easy access to funds of maybe $7500-$15000 to cover the costs of a funeral. This could be funds from yourself, a surviving spouse or dependants. 

In many cases people do have assets such as a house but this in itself will not mean easy and quick access to funds is available. If there is a surviving partner you cannot rely on proceeds of a house sale or taking a loan against the house. If the per...

There are a lot of providers of Funeral Insurance in New Zealand so the ability to easily compare their products and premiums is of significant value to a consumer. A funeral cover comparison quickly allows you to see the difference in cover between one funeral cover and another. 

Funeral Plans, while largely based on the same idea, ie a cash payment to assist with funeral expenses do differ between quite a bit from one insurer to the next. In fact unless you spend a fe...

When we look at the last 100 or so policies we have assist our clients with we see the most common age range is 60-65 for the policy holder. Of course we have people in the 40's, 50's, late  60's and 70's who feel cover is important too. There is really no particular age that is ideal for people to buy.

Buying in the 60's age bracket does tend to make some sense though. Typically that is the sort of age range when people start thinking a bit more seriously about their ...

It is definitely possible that the amount you pay in funeral cover premiums over a period can be more than the sum insured amount. But, the good way to look at this is that if this does occur you must have lived a long life, almost certainly quite a few years more than the average life expectancy. 

Funeral Insurance is not alone in this potentially happening though. For example the writer, at age 55, has had health inusurance for nearly 30 years and I am happy to say ha...

In the course of our work we do speak with many people looking for funeral insurance. There are obviously many specific reasons people may be considering a funeral cover but largely the over-riding thing we hear all the time is that they want to make sure their spouse or children are not lumbered with the significant financial burden of paying for their funeral when the time comes. 

Most older Kiwis are very sensible about their money matters as they have had to work ha...

Only a Funeral Director is qualified to provide advice on the likely cost of funeral, in particular to meet your own personal expectations. However, if you browse various websites you see many organisations comment that somewhere between $8000 and $10000 is likely to cover the cost of most standard funeral services (including a ceremony and cremation). But equally we hear that the cost can be much more or a little less, it very much depends on your location and what you see as being important...

We get many enquiries from family members who want to arrange a funeral cover for their parents (or parent). This is especially so with Maori or Pacific Island families where the cost of a funeral can be significant. We welcome all such enquiries as we are experienced in helping in these cases and understand the difficulties that can arise with arranging such cover.

We find there are two main situations that arise. First, cover is required and the parents are ready, willing ...