Compare the Best Funeral Insurance in Australia
Planning ahead is one of the greatest gifts you can give your family. Funeral insurance is one way to cover funeral costs and protect your loved ones from unexpected financial stress.
At eziFunerals, we help Australians compare the best funeral insurance policies so you can make a confident and informed decision — without hidden catches or confusion.
What Is Funeral Insurance?
Funeral insurance is a type of policy where you pay regular premiums (weekly, fortnightly, or monthly) and your nominated beneficiary receives a lump sum payout when you pass away. This payout is designed to help cover:
- Funeral service costs
- Burial or cremation expenses
- Headstones, flowers, and other memorial elements
- Related debts or final expenses
Unlike prepaid funerals or funeral bonds, funeral insurance offers immediate coverage once your policy is active.
Below, you’ll find details on coverage amounts, premiums, and standout features from a range of trusted insurers. All information is accurate as of February 21, 2025, sourced from provider websites, industry insights, and market trends.
Comparison of Funeral Insurance Providers
| Provider | Coverage Amount | Entry Age | Premium Type | Key Features | Weekly Cost (Est.) |
| Australian Seniors | $3,000 – $15,000 | 40 – 79 | Stepped | No premiums after 85, 25% bonus cover at 85, accidental injury benefit | From $3.10 |
| Apia | $3,000 – $25,000 | 45 – 80 | Stepped or Level | 5% multi-life discount, 10% bonus after 5 years, early payout at 85 | From $2.95 |
| Guardian Insurance | $5,000 – $15,000 | 40 – 79 | Stepped | Fast payout, no medicals, partnered with funeral directors | From $3.00 |
| Insuranceline | $5,000 – $15,000 | 40 – 80 | Stepped | No medicals, flexible payout use, quick claims | From $2.75 |
| Real Insurance | $3,000 – $15,000 | 40 – 79 | Stepped | 10% premium refund after 12 months, early cash-out at 85 | From $3.00 |
| Suncorp | $5,000 – $25,000 | 45 – 80 | Stepped or Level | 10% bonus after 5 years, annual payment discount, accidental death cover | From $2.95 |
| Woolworths | $3,000 – $15,000 | 40 – 79 | Level | Level premiums, payout never less than premiums paid, 10% Everyday Rewards discount | From $3.50 |
| Medibank | $3,000 – $15,000 | 45 – 79 | Stepped or Level | 3% discount every 5 years, fast claims, no medicals | From $3.20 |
| Choosi | $3,000 – $15,000 | 40 – 79 | Stepped | Price match guarantee, flexible cover options, no extra cost through Choosi | From $3.00 |
| Zurich Ezicover | $5,000 – $15,000 | 35 – 70 | Stepped | Simple application, accidental death triple payout, global cover | From $3.15 |
Note: Costs are estimates based on minimum coverage for a 50-year-old non-smoker. Premiums vary by age, cover amount, smoker status, and other factors. Visit provider websites for personalized quotes.
Provider Highlights
- Australian Seniors: Best for seniors with no premiums after 85 and a generous bonus cover boost.
- Apia: Flexible premium options and discounts make it ideal for couples or long-term holders.
- Guardian Insurance: Streamlined for quick payouts and ties to funeral directors.
- Insuranceline: Lowest entry cost with flexibility in payout usage.
- Real Insurance: Unique refund perk and early cash-out option for flexibility.
- Suncorp: High coverage ceiling and loyalty bonuses suit comprehensive plans.
- Woolworths: Predictable level premiums and a value guarantee for peace of mind.
- Medibank: Steady discounts over time and reliable claims processing.
- Choosi: Competitive pricing with a price match promise, good for comparison shoppers.
- Zurich Ezicover: Younger entry age and global coverage appeal to travelers or early planners.
Why Use eziFunerals to Find the Best Provider?
Funerals in Australia typically cost between $4,000 and $15,000, yet finding the right insurance can be overwhelming due to scattered information and hidden costs. Here’s why eziFunerals stands out:
- Comprehensive Comparison: We bring together top providers in one place, saving you hours of research across multiple websites.
- Transparent Insights: Our side-by-side table highlights costs, features, and benefits, so you see exactly what you’re paying for—no surprises.
- Tailored Guidance: Filter by your priorities—low premiums, high coverage, or unique perks—to find a policy that fits your life.
- Trusted Expertise: With years in the end-of-life planning space, we understand the market and your needs, offering reliable, up-to-date data.
- Free and Independent: Access our comparisons at no cost, with no obligation to buy—we’re here to empower your decision, not push sales. Whether you’re planning ahead or supporting a loved one, eziFunerals simplifies the process, ensuring you choose wisely with confidence.
Frequently Asked Questions (FAQs)
1. What is funeral insurance, and how does it work?
Funeral insurance is a policy that pays a lump sum to your nominated beneficiary when you pass away, helping cover funeral costs or other expenses. You pay regular premiums (weekly, fortnightly, monthly, or annually), and the payout amount—typically $3,000 to $25,000—depends on your chosen coverage. Unlike savings, it’s not tied to a specific funeral service; beneficiaries can use the funds as needed.
2. How is funeral insurance different from a prepaid funeral plan?
Funeral insurance provides a cash payout with no restriction on how it’s spent, while a prepaid funeral plan locks in specific services (e.g., burial or cremation) at today’s prices with a funeral director. Insurance premiums may increase over time, whereas prepaid plans are fixed once paid.
3. Are there waiting periods or exclusions?
Most policies have a 12-month waiting period for non-accidental death (e.g., illness). During this time, only accidental death is covered—often with a double or triple payout. If you die of natural causes within this period, some providers refund premiums paid, but check the Product Disclosure Statement (PDS).
4. Will my premiums increase over time?
It depends on the premium type:
- Stepped Premiums: Increase with age, starting lower but potentially becoming unaffordable later.
- Level Premiums: Fixed (adjusted only for inflation), offering predictability but higher initial costs. Providers like Woolworths and some Apia/Suncorp plans offer level options.
5. What happens if I stop paying premiums?
If you stop, the policy usually lapses, and you lose all premiums paid with no refund—unlike a savings plan. Some providers (e.g., Real Insurance, Australian Seniors) offer early cash-out options at a certain age (e.g., 85), returning a portion of your benefit.
6. Can I use the payout for anything besides a funeral?
Yes, the lump sum is unrestricted. Beneficiaries can use it for funeral costs, debts, travel, or other expenses, unlike funeral bonds or prepaid plans, which are funeral-specific.
7. Do I need a medical exam to sign up?
No, most funeral insurance providers (e.g., Insuranceline, Guardian, Suncorp) offer guaranteed acceptance without medicals if you meet the age criteria, making it accessible for those with health issues.
8. How much coverage do I need?
It depends on your funeral preferences:
- Basic cremation: ~$4,000-$6,000
- Standard burial: ~$8,000-$15,000
- Elaborate service: $15,000+ Consider burial plots, caskets, or other costs. A $10,000-$15,000 policy covers most standard funerals.
9. Are there alternatives to funeral insurance?
Yes:
- Prepaid Funeral Plans: Pay upfront for specific services.
- Funeral Bonds: Invest funds that grow over time, usable only for funerals.
- Savings or Superannuation: Use personal funds or super payouts (though access may be delayed).
10. How do I choose the best provider for me?
Compare based on:
- Cost: Look at starting premiums and long-term affordability.
- Coverage: Ensure it meets your funeral cost expectations.
- Features: Discounts, bonuses, or early payout options.
- Flexibility: Level vs. stepped premiums and payout usage. Review the PDS and consider your age, budget, and family needs.
Why Compare Funeral Insurance with eziFunerals?
- Unbiased Comparison: We provide transparent comparisons to help you make an informed choice.
- Save Time & Money: Quickly find the best policies at competitive rates.
- Trusted Providers: We partner with Australia’s leading funeral insurance companies.
Get Started Today
Don’t leave your loved ones with unexpected costs. Compare funeral insurance in Australia today and secure peace of mind for the future. Start Comparing Now!
For more information, contact our team at support@ezifunerals.com.au or call us at 1300 236 402.
