No-one would want to leave their family in a financial mess would they? That’s why Australian Seniors Funeral Plan provides insurance that has been designed to help you protect your family from the financial burden of your funeral and other unforseen costs, if you were to unexpectedly pass away.
No-one knows what lies around the corner, whether it’s accident or illness – and securing cover early ensures the protection is there when needed.
You can select a cover option that suits your needs and budget, from $3,000 through to $15,000 insurance benefit. (In the first 12 months benefit is paid only in the event of accidental death, thereafter a benefit is payable on death by any cause)
If death is the result of an accident, then three times the insurance benefit will be paid. This means if you have a $10,000 life insurance benefit, and you die as the result of an accident, the benefit payable to your loved ones would be $30,000.
Yes. You can add Accidental Serious Injury Insurance to your Australian Seniors Funeral Plan, which provides a benefit in the event of Quadriplegia, Paraplegia, Hemiplegia, Blindness, Deafness or Total and Permanent Loss of Use of two limbs.
If you are an Australian resident aged 18 to 79 you’re guaranteed acceptance for this cover.
No, and there are no intrusive questions about your health and lifestyle to apply.
During the first year of cover under the Australian Seniors Funeral Plan, a benefit will only be paid if death is due to an accident, thereafter the benefit is payable on death from any cause, including sickness and accident.
Accident means an event resulting in bodily injury where the injury is directly and solely caused by 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 Australian Seniors Funeral Plan is in force, you are covered around the clock, anywhere in the world.
Yes. The Australian Seniors Funeral Plan has been designed to be family friendly. You can choose to cover your life (Single Plan), or cover yourself and your partner and all children who are dependent on you until they reach age 21 (Family Plan). There is no limit on the number of dependent children that can be covered under the Family Plan.
Just get a quote to see how affordable it can be for you. Cover starts at $2.85 per week (age-based premium for Single Plan providing $5,000 benefit [or $15,000 Accidental Death benefit] for a person aged 50).
We understand that everyone’s needs are different, that’s why we allow you to choose the premium structure that suits you and your budget. There are two options to choose from:
Age-based premium option
Our age-based premium option can provide cost-effective cover with an automatic inflation protection. Your premium starts lower and is calculated when you take out your policy and increases at each policy anniversary. Like everything else funeral costs are also affected by inflation. With age-based premiums your cover is automatically increased by 5% each year.
Fixed premium option
Our fixed premium option can give you that little bit of extra help managing your budget, along with the peace of mind of knowing your premium won’t change just because you get older. Your premium is calculated at the time of application, and although it starts higher than the age-based premium option, it remains the same even as you get older. If you are aged 50 – 79 you can select the fixed premium option.
In most cases your premium will not be tax deductible and tax will not be payable on any benefit paid under your policy.
This information is based on continuance of present tax laws and the insurer’s interpretation of those laws. Your individual situation may differ and you need to decide if you should seek qualified professional advice in relation to your particular circumstances.
As long as you pay your premiums, the cover is guaranteed renewable for the rest of your life and you’ll be covered anywhere in the world, 24 hours a day – even if your health and circumstances change. Premiums are waived after age 90.
If you cancel your Australian Seniors Funeral Plan within the first 30 days of commencement – for any reason whatsoever – you’ll receive a full refund of premiums that have been paid. If you cancel your Policy after 30 days, you will not get anything back as this Policy is not a savings plan.
We make all payments for claims in the first instance to the policyowner. For a Joint Plan, this means that payments are made to the surviving Life Insured. If there is no surviving policyowner, benefits will be paid to the Nominated Beneficiaries. Where there are no Nominated Beneficiaries, we will pay the benefit to the policyowner’s estate.
You can nominate a person as a beneficiary to receive the benefit on death by simply downloading a Beneficiary Form , complete and mail it to Australian Seniors Customer Service, PO Box 6728, Baulkham Hills NSW 2153.
Claims will be assessed as soon as the completed claim documents are received with any additional information required. Accepted claims will be paid without any unnecessary delay.
Yes. You can pay your fortnightly or monthly premiums on the date of your choice – and you can pay either by automatic debit from your bank, credit union or building society account or by charge to your Visa or Mastercard.
Hannover Life Re of Australasia Ltd ABN 37 062 395 484 (Hannover) is the issuer of Australian Seniors Funeral Plan.
Hannover Re is presently the 3rd largest global life reinsurer and has a Standard and Poor’s Insurer Financial Strength of AA- (Very Strong), and A.M. Best rating of A (Excellent), and has maintained these ratings for a number of years. The life insurance business of Hannover has been operating in the Australian market since 1958, and as at 31 December 2010 had total annual in force premium in excess of AU$450 million.
Call 1300 13 2542 and we can give you more information about Australian Seniors Funeral Plan, answer any questions you may have, provide a quote and take your application over the phone – it’s as easy as that and you could be covered immediately.
Call for a quote on 1300 13 2542.