Burial Insurance is a type of life cover which pays out a lump sum on your death to your nominated beneficiary. Your nominated beneficiary can then use this money to cover the cost of your burial expenses. A recent survey in Australia indicated that it can cost upwards of $8,000 for a basic funeral service so it can be important to make sure that you have cover in place in case the worst was to happen to you when you least expected.

You don’t know when you are going to die, if you did, you could plan for it. How would your family and friends cope financially if you didn’t have any protection in place? With burial insurance you can make regular fortnightly and monthly payments (when you get paid) so if the worst does happen, you will have peace of mind knowing that your family will not have to stress about all the costs.

Funerals can be expensive. Time you consider transportation, flowers, venue hire, wake, casket, burial plot the fees can really add up.

Burial Insurance starts from around a cup of coffee a week but it is dependent on your age. The older you are, the more you will have to pay as the risk of you dying increases.

Burial Insurance is more regularly known as Funeral Insurance in Australia and these policies are offered to any Australian resident aged 18-80.  No medical or blood tests are required. You are guaranteed to get a policy.

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