Posted on 9 November, 2017 at 9:00

Funeral Insurance is available for anyone aged 30 plus (as a rule). While it is true that funeral covers most commonly are purchased by the 60 plus age group there is no reason why cover is not suitable for the under 50’s as well.

The main reasons someone under 50 would by funeral insurance are;

  • Their health or body mass index (BMI) may not be standard, for example not life threatening but sufficient to make standard life insurance difficult to arrange. Funeral Insurance is guaranteed acceptance with no health questions at all so any previous or current health issues do not need to be disclosed now or anytime in the future.
  • Funeral Cover NZ premiums are fixed for life, so no pesky increases year by year as you get older. While some life insurance policies have fixed premiums you cannot have after age 80 which is when a claim is most likely to occur.
  • Sometimes just a nominal amount of insurance cover to pay funeral expenses is all that is required if you have no debt or dependants.
Paul Woollams, Funeral Insurance NZ