|Posted on 2 September, 2017 at 6:45|
Funeral Insurance in New Zealand is one of the more simple insurance plans as it is guaranteed acceptance. Therefore the questions asked are not invasive or extensive like many life insurance or health insurance application forms are. With funeral plans you do not need to disclose any previous or current health issues.
So, the first part of any application is really just to collect basic personal information such as your name, address, contact phone numbers, email address, date of birth, male of female, citizenship / residency status and a question to confirm that you live in New Zealand at the time of the application.
Some insurers seek your height and weight for premium rating purposes but the majority do not. Some applications will also include a security type question that they would then always ask you when you make an enquiry. This is to ensure your privacy is not breached.
Typically the next question is the level of cover sought and who you wish to nominate to be the beneficiary of your claim money. You will be asked for their name, address, date of birth and usually contact details but we know that last part alters from time to time. It is also important to note that you can alter the beneficiary at any time in the future if your circumstances change.
You will then be presented with an online declaration that you need to ‘sign’ which in keeping with online type applications is done via tick the box process, The person being insured must be present to tick the box, it cannot be done by a family member on their behalf as it could prejudice the application as it would amount to a false declaration (ie some signing something they are not legally able to do). Power of Attorney situations are an exception and you need to discuss with us first.
Finally you will be asked to choose a payment method which could be direct debit, credit card or in some instances internet banking / automatic payment. Each online funeral insurance application will present all available payment options to you. In most instances your payment is then sorted online then and there.
After applying online you will then receive a confirmation email (typically) with the policy details and wording. So, really it could not be easier to apply for funeral insurance in NZ.
Paul Woollams, Funeral Insurance NZ