Posted on 20 March, 2017 at 1:05

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 to include.

The vast majority of our customers tell us they want $7500 or $10000 cover. Probably around 80% of policies our clients take are for those cover amounts. Some clients select $5000 for a very basic service although we suspect some choose that level of cover as it meets their budget which s also a very important consideration.

The good news with funeral plans in NZ is that the cover amount is paid out as a cash settlement to your nominated beneficiary. So, if you select, say $10000, and the cost of the funeral is less than that extra money can be used by your beneficiary as required.

It is also common for people to take a cover amount more than the likely cost of the funeral in order to have a small amout extra to clear such things as credit card debt or other small loans.It is also common, especially with our Pacific Island customers, to take extra cover to help family members who might want to travel to NZ from overseas or just also where lots of family have to travel from various locations in New Zealand.

Paul Woollams, Funeral Insurance NZ