When you die, you want to leave happy memories, not unaffordable bills. Funeral Insurance can help protect your family from your funeral expenses and remaining debts.
With pre-paid funeral plans, you choose and pay in advance for your funeral. Normally, the amount you pay covers the arrangements you have made only. They tend to be inflexible – for example if you move interstate or if you change your mind, you can't always change the arrangements.
However, with Guardian Funeral Insurance, you pay monthly or fortnightly premiums for a chosen amount of cover which is paid to your beneficiary after you die. The payout money can then be used towards any final expenses that come up. It means your family can use the money towards any expenses they’re faced with, providing them with important financial support at a tough time.
It’s the one certainty in life, but there’s no knowing when it will happen. Funeral Insurance ensures your loved ones won’t have to do it tough when your time comes.
Whatever suits your needs, from $3,000 to $15,000. Your benefit is paid only in the event of Accidental Death in the first 12 months, after that it’s paid for any cause of death.
If your death is accidental then we will pay five times the insurance benefit – up to a maximum of $75,000. So if you have a $10,000 Funeral Insurance benefit and you die because of an Accident, the benefit payable to your loved ones would be $50,000.
Naturally, if your policy is cancelled and cover ends, you won't be insured and your beneficiary won’t receive a benefit from us if you die. And of course, once the 30 Day cooling off period has ended, no premiums can be refunded.
Find out how manageable this cover can be for you – request a quote now. Funeral Insurance starts from as little as $13.21 a fortnight. That’s based on $5,000 of cover for a person aged 50 on a Single Plan.
If you’re an Australian Resident aged between 18 and 75, we guarantee to accept you for Funeral Insurance cover.
No, and there are no intrusive questions about your health and lifestyle.
During the first year, you’ll only be covered for Accidental Death. After the first year of holding your policy, there are no exclusions on the cover provided, and the benefit is payable on death from any cause, including sickness and Accident.
An “Accident” is an event that results in bodily injury. You’re covered if your policy is active and the injury is directly and solely caused by accidental, violent, external and visible means without any other contributing causes, and where the injury is not self-inflicted.
“Accidental Death” means death occurring as a direct result of an Accident and where death occurs within 90 days of the Accident.
Absolutely. Once your Guardian Funeral Insurance policy is in force, you are covered 24/7, anywhere in the world. However, if you are on a temporary Australian work visa and stop residing in Australia your policy will be cancelled.
Yes, Guardian Funeral Insurance has been designed to be family friendly. You can choose to cover your own life (Single Plan), or cover yourself and your partner (Joint Plan). You can also cover all of your dependent children until they reach age 21.
Your premium is guaranteed never to increase. In fact, with Guardian Funeral Insurance your premiums will reduce by 5% after every 5 years you hold your policy.
Your Platinum Funeral Insurance policy comes with our Platinum Trust Guarantee.
- Your premiums will reduce by 5% every 5 years your policy is in force;
- When you pass away your family will receive your covered amount or all of the premiums you have paid in for your cover – whichever is higher. Or, once you turn 85 you can choose to terminate your cover and receive an Early Cash Payment of 150% of your Funeral Insurance Benefit;
- From age 90, you will no longer have to pay premiums and your cover will continue for free.
Please note, if your policy is cancelled and cover ends, no benefit amount is payable. There is no refund of premiums after the cooling off period. If you change your cover your premiums will be affected. If you choose the Early Cash Payment option, you will no longer be eligible to claim and you may receive less than the total premiums you’ve paid into your policy to date.
In most cases, Funeral Insurance premiums will not be tax deductible. On the upside, it means there won't be any tax payable on any money paid out under your policy. This information assumes the present tax laws (along with our interpretation of them) don't change. Your individual situation might be different and you should get qualified professional advice that’s specific to you.
As long as you pay your premiums on time, we guarantee to renew your Funeral Insurance cover for the rest of your life. What’s more, you’ll be covered anywhere in the world, 24 hours a day – even if your health and circumstances change.
We should point out that if you hold your policy for an extended period of time you may pay more in premiums than the Benefit Amount.
Your Platinum Funeral Insurance policy comes with an Early Cash Payment option as a part of our Platinum Trust Guarantee.
Once you turn 85 you can choose to terminate your cover and receive an Early Cash Payment of 150% of your Funeral Insurance Benefit. This can be done at any time after your 85th birthday by contacting our Customer Service team on 1300 709 560.
If you choose the Early Cash Payment option, you will no longer be eligible to claim and you may receive less than the total premiums you’ve paid into your policy to date.
If you cancel your Guardian Funeral Insurance policy within 30 days of the Commencement Date (the cooling off period) – for any reason whatsoever – you’ll receive a full refund of premiums that have been paid.
As Guardian Funeral Insurance is not a savings plan, if you or we cancel your cover after the 30-day cooling off period, cover stops and there is no refund of premiums or benefit payable.
As the policyowner, you have the right to nominate up to 5 beneficiaries to receive benefits payable under your policy. If you don’t nominate a beneficiary and you die, the Benefit Amount will be paid to the policyowner's legal personal representative, or other person that the insurer is permitted to pay under the Life Insurance Act 1995.
Although this Insurance is designed to help with the cost of your funeral and other final expenses, the money paid out can be used in any way your nominated beneficiary sees fit. The benefit is paid as a lump sum, and doesn’t provide any funeral, burial or cremation services.
You can nominate a beneficiary or beneficiaries by simply downloading a Beneficiary Form, completing and mailing it to:
Guardian Customer Service
PO Box 6728
Baulkham Hills NSW 2153
If a loved one has recently passed away, or your personal situation has changed which requires you to make a claim, please contact one of our experienced Claims Agents, either by emailing claims@guardianinsurance.com.au or calling 1300 308 578. Our Agent will personally run through the process required (step by step) over the phone with you. For more information on making a claim, click here.