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With today’s average funeral having doubled in the past 15 years, buying funeral insurance Australia has become a wise choice for many.

Taking out funeral insurance plans has become increasingly popular to those who want peace of mind for themselves and their families and a feeling of accomplishment.
With the basic premise of funeral insurance that the proceeds of this policy could be used to cover the cost and final expenses associated with a funeral service, one could not help but take advantage of the benefit of purchasing a funeral insurance plan.

However, to better decide and be at peace and remove doubts about buying funeral insurance, let us first learn some basic facts about funeral insurance in Australia and its benefits.

What is Funeral Insurance Plan?
Funeral insurance plans, also known as Funeral Insurance Cover, is a type of insurance policy that is specifically designed to provide and cover all the fine details and costs of your funeral-- from the cask, the flowers, the service, and every aspect in between. It ensures that all the burial, interment, and other associated items are paid for, without burdening your family members.

What does a Typical Funeral Insurance Policy Cover?
You can select a cover option that suits your needs and budget. It can be a basic burial policy that will cover the basic costs of a funeral such as a casket, the service, flowers, car transportation, celebrant (funeral director), burial plot or cremation fee, and fees associated with a plaque or permanent memorial. Another option is one that covers all the above basic policy coverage as well as other essentials like embalming and labor for all the people in the funeral process as well.
However, be sure to check that it covers transportation costs as well as burial and fees payable to the cemetery as these are an optional extra payment in some other policies.

How much cover can funeral insurance Australia provide?
Depending on the cover option chosen that suits your needs and budget, Australian funeral insurance provides a benefit from $3,000 life insurance benefit to $15,000 life insurance benefit.
In the event of an accidental death  death as the result of an accident  three times the life insurance benefit will be paid or $45,000.

What will funeral insurance typically cost?
A funeral insurance policy pays a premium that reflects the cost of the funeral you choose to have. The premiums are paid at different intervals. Some can be paid monthly, quarterly, twice a year, or annually.
Other facts and benefits of funeral insurance plans
Funeral insurance policies can cover either the purchaser or someone they designate.
In many states, the government will not take taxes on the final benefit.
If the policy is set up correctly, the amount will not need to go through the probate process.
Once final expenses are covered, the rest of the benefit can be used by your beneficiaries for paying other expenses
There is no medical or health questions to answer
Your chosen benefit is paid in the event of your death by natural causes (after the first 12 months) – from $3,000 up to $15,000 or in cases of accidental death, there is a triple benefit paid of up to $45,000 (from day 1)
Guaranteed acceptance for all Australian residents aged 18 to 79
Premiums stop at age 90 and cover can continue for life