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CommunityFuneral Insurance
Tick another item off your bucket list and protect your loved ones with a lump sum payout of up to $30,000 to cover your funeral costs and other final expenses.
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Seniors Funeral Insurance
Seniors Funeral Insurance is one way you can protect your loved ones from your funeral costs.
Your loved ones can use your funeral insurance payout for any final expenses – whether it’s honouring your memory with a funeral service or taking care of your financial affairs, such as credit card debt or bills.
Benefits of choosing Seniors Funeral Insurance
Choose a level of cover that suits you
Seniors Funeral Insurance pays a lump sum to your family from $3,000 up to $30,000 upon your death.
Guaranteed acceptance
If you’re a New Zealand resident aged 18 to 79, you’re guaranteed acceptance. No medical screening, complicated paperwork or blood tests required.
Quick payout to your family
Claims are usually paid within 1 business day of all completed documentation being received, so you can be sure your family has the financial help they need with little fuss.
Bonus Cover at age 85
Once you turn 85, you’ll receive an extra 25% Bonus Cover on top of your cover amount, so you can enjoy even more peace of mind for the years ahead.
No more premiums after your 85th birthday
From age 85, we’ll stop charging you for your cover so there will be no further premiums to pay.
Cover for terminal illness
Get 100% of your benefit paid if you are diagnosed with a terminal illness, helping you plan your final wishes without financial worries.1
Level premiums with no annual increase
With Seniors Funeral Insurance, your premiums won’t go up every year, making it easier to budget for the years ahead.2
Triple benefit for accidental death
From the day your policy starts, your loved ones will receive triple your cover amount if your death is the result of an accident.
More control over your policy
Choose a payment frequency that works for you and your budget and list up to 5 different beneficiaries.
Early Cash Out Option
Once you turn 85, you can choose to end your policy and receive 75% of your cover amount paid to you.3
Guaranteed payment at age 100
When you reach 100 years of age, we’ll end your policy and pay you 125% of your cover amount to spend however you wish.
Compare Funeral Insurance Products
The following table shows you how Seniors Funeral Insurance compares against similar products available from other insurers.
| Benefits | New Zealand Seniors | Insurer A | Insurer B |
|---|---|---|---|
| Age eligibility | 18 – 79 | 40 – 75 | 50 – 79 |
| Medical required on application | No | No | No |
| Accidental death only period | 12 months | 24 months | 24 months |
| Premium refund if death due to any cause other than an accident in the first 12/24 months | No | Yes | Yes |
| Extra cover for accidental death | YesTriple benefit | YesTriple benefit | YesDouble payment |
| Premiums | Level | Level | Level |
| Premium payment | YesUp until age 85; no further cost thereafter | YesUp until age 89; no further cost thereafter | YesUp until age 90; no further cost thereafter |
| Early payout on diagnosis of terminal illness | Yes | No | Yes |
| Increase Cover amount | NoIncrease not available on an existing policy. You can take out an additional policy, up to the maximum amount of cover across all policies. Extra premiums apply. | YesIncrease up to the maximum amount of cover upon request. Premiums adjusted. | NoIncrease not available on an existing policy. You can take out an additional policy, up to the maximum amount of cover across all policies. Extra premiums apply. |
| Early Cash Out OptionYou can choose to cancel your cover to receive an Early Cash Back payment | YesFrom age 85 cash out and receive 75% of your cover | No | No |
| Bonus Cover | YesAdditional 25% added to your policy when you turn 85 at no extra cost | No | No |
| Accidental serious injury coverCover for defined significant life-changing events caused by an accident, up until the age of 74 | YesBenefit amount is tripled at no extra cost | No | No |
This information is accurate as at 31 July 2024. This table compares a sample of policy features, but does not compare all aspects of each policy. There are also other policies available that have not been compared. Each insurer charges different prices for their cover, however, you should also consider the premium structure that is available. Policies which have a lower premium in the first year of cover may not always be cheaper over the long term.
Insurance designed for older Kiwis
We believe insurance should meet your needs, not someone else’s. That’s why we focus on providing the best possible cover for Kiwis over 50.
Award-winning Insurance
Understanding funeral insurance
Make better decisions with information at your fingertips.
Funeral insurance is a financial helping hand you can provide your family in the future to cover any immediate expenses when you pass away, such as a funeral service.
A funeral in New Zealand could cost approximately $10,000 or more.4 Discover potential expenses related to a funeral.
Calculate the average cost of a funeral or tangi in your area – it’s fast, free, and based on in-depth research.
Why New Zealand Seniors
Seniors deserve insurance cover that delivers real value – providing ultimate control and peace of mind. Discover more about New Zealand Seniors.
Peace of mind
Your policy is insured by Pinnacle Life, who have been insuring New Zealanders for over 20 years.
Reliable & knowledgeable
Specialised in insurance for the over 50s.
Simple solutions
Financial protection that’s simple to use and understand.
We care
Helping protect your loved ones with quality products and service.
Frequently asked questions
What is funeral insurance?
Funeral insurance is a financial helping hand you can provide for your family in the future. When you pass away, your family will receive a lump sum benefit payout they can use to cover any immediate expenses, such as a funeral service or any outstanding bills. Learn more about funeral insurance.
Will my premium increase over time?
Your premium is a level premium designed not to increase each year with your age, provided you don’t change your level of cover. After age 85, your cover will continue at no further cost. Keep in mind there’s no refund of premiums after the cooling off period and the total amount of premiums payable over the life of the policy has the potential to exceed the cover amount.
Can I decide who receives my benefit?
Yes, you can nominate someone to receive your insurance benefit by calling us or completing the Nomination of Beneficiaries Form at the back of the Policy Document. You can even choose to split the money between up to five beneficiaries.
If you don’t choose anyone to receive your benefit, it will go to the policy owner. If that’s you, the benefit will be paid to your legal personal representative (usually your Estate) or to another eligible person in accordance with New Zealand law.
How long can I keep my cover?
Seniors Funeral Insurance expires when you reach 100 years of age. When this happens, your policy will end and your entire benefit amount will be paid to you.
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Estate Planning- Cover is for accidental serious injury and accidental death only in the first 12 months. Terminal illness with diagnosis of 12 months or less to live.
- There’s no refund of premiums after the cooling off period. The total amount of premiums payable over the life of the policy has the potential to exceed the cover amount.
- If you choose the Early Cash Out Option, you’ll no longer be eligible to claim as this option will cancel your policy.
- What are some of the normal costs of a funeral? – Citizens Advice Bureau NZ
How can we help?
To find out more about New Zealand Seniors,
speak to one of our friendly insurance specialists now