Pre Paid Funeral Plans / Prepaid Funerals NZ / Funeral Funds

 

When we hear the terms ‘pre paid funeral plans’, ‘prepaid funerals’ or ‘funeral funds’ there are usually two variations on what is actually being looking for.

 

  • An insurance type product that will pay a cash lump sum at the time of death to pay for  funeral expenses
  • A savings / investment product that is either paid into regularly or where a one off large sum is invested and held until you pass and then used to pay for funeral expenses

Insurance;

  • Most commonly people would require funeral insurance (also known as funeral cover or a funeral plan)
  • This is a guaranteed acceptance insurance type paid by regular premiums (fixed for life). At the time of death a cash lump sum is then paid out to your nominated beneficiary
  • A benefit of funeral insurance over any saving type initiative is that if an unforeseen event occurs sooner than expected the claim pay out would always exceed the amount you may have otherwise saved to that point.

We can email you more product information and quotes if you care to complete the online enquiry form. For information on savings / investment products please scroll down for more information.

Your Name*
Applicant 1 Name*
Applicant 1 Age*
Applicant 1*
Applicant 1*
Applicant 2 name
Applicant 2 relationship to Appl 1
Applicant 2 age
Applicant 2
Applicant 2
New Insurance or replace life cover?
Questions for Funeral Insurance NZ?

Savings / Investments

  • Sometimes the terms ‘pre paid funeral plans’ or ‘funeral funds’ are referring to you making a one off investment to a credit union / bank / funeral home / trust and then having that accessed when funeral costs have to be paid.
  • Also, it can be that a regular savings plan is what is required. So, you would put aside a sum every fortnight / month to a dedicated account of your own or of a third party. This is an option for people who are not so keen on an insurance product.
  • The main pro of your own savings account is that you have 100% control and can use the money whenever and whenever (ie emergencies). The big downside however is that there is always the possibility that you have not actually saved enough money at the time of your passing (especially if your life expectancy is less than the average).
  • Banks or a Financial Planner are the best people to speak to if you wish to consider a savings / investment option over an insurance plan.
Please complete our enquiry form and we will provide quotes and comparative information by return email shortly.
Your Name*
Applicant 1 Name*
Applicant 1 Age*
Applicant 1*
Applicant 1*
Applicant 2 name
Applicant 2 relationship to Appl 1
Applicant 2 age
Applicant 2
Applicant 2
New Insurance or replace life cover?
Questions for Funeral Insurance NZ?