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LifestyleFuneral Insurance
Help your family when it matters most with a quick cash payment of up to $15,000 to cover your funeral costs and other final expenses
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Seniors Funeral Insurance
Australian Seniors guaranteed acceptance funeral cover provides a quick payout of up to $15,000 for any sudden expenses that come up should you pass away. It’s a simple way to look out for yourself and the people you love, giving you total peace of mind for the future.
The money can go towards funeral costs, outstanding debts, or just to help loved ones through a hard time. Whatever it’s for, we usually pay within one business day of receiving your completed claim, so you and your family are always prepared for life’s financial worries.
DARE magazine
As a valued Australian Seniors customer, when you take out Seniors Funeral Insurance, you’ll receive ongoing complimentary issues of DARE magazine. Learn more and view the applicable T&Cs.
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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 $15,000 upon your death.
Guaranteed acceptance
If you’re an Australian resident aged 40 to 79, you’re guaranteed acceptance. No medical screening, complicated paperwork or blood tests required.
A 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.
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.
Guaranteed cash payout
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.
Things you should know
- 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 is 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.
Compare Funeral Insurance Products
The following table shows you how Seniors Funeral Insurance compares against similar products available from other insurers.
| Benefits | Seniors Funeral Insurance | Insurer A | Insurer B | Insurer C |
|---|---|---|---|---|
| Accidental Death only period | 12 months | 12 months | 12 months | 12 months |
| Extra Cover for Accidental Death | Yes Triple benefit, Standard |
Yes Optional additional cover up to $50k | Yes Optional additional cover up to $50k | Yes Optional additional cover up to $50k |
| Premiums Cease | Yes From your 85th Birthday. Cover for Death and Terminal Illness still continues | No | No | No |
| Early payout on diagnosis of Terminal Illness | Yes | No | No | No |
| Bonus Cover | Yes25% extra at age 85, at no additional cost | Yes10% extra on 5th policy anniversary, at no additional cost | Yes10% extra on 5th policy anniversary, at no additional cost | Yes10% extra on 5th policy anniversary, at no additional cost |
| Cash Out Option from age 85 | Yes | Yes | Yes | Yes |
| Accidental Serious Injury Cover for defined significant life-changing events caused by an accident, up until the age of 75 | Yes at no additional cost | No | No | No |
Read more on comparing funeral insurance products
This information is accurate as at 1 August 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.
Award-winning insurance 10 years in a row
Australian Seniors has been recognised for providing real value for the local over 50s market, winning awards for our products and service for 10 consecutive years.
Australian Seniors has won the Canstar 2023 Most Satisfied Customers Award for Home Insurance.
We’re the proud winners of the Reader’s Digest Quality Service Award in the Funeral Insurance category for 2021, 2022, 2023, 2024 and 2025. We have also been the recipients of the Highly Commended Trusted Brand Award in the Funeral Insurance category for 2015, 2016, 2018, 2020, 2021, 2022 and 2024. In 2023, we were the winning recipient of the Trusted Brand Award in the Funeral Insurance category. We were granted the Feefo Gold Trusted Service Award in 2017, 2018, 2019, 2021, 2022, and the Feefo Platinum Trusted Service Award in 2023 and 2024.
Australian Seniors is also the ProductReview.com.au 2021, 2022 and 2023 Annual Awards Winner in the overall Insurance category, as well as the 2024 Awards Winner in the Funeral, Car and Home & Contents Insurance categories and 2020 Awards Winner in the Funeral, Car, Home & Contents, Travel and Pet Insurance categories.
Essential Funeral Insurance information
Funeral insurance provides your family with a lump-sum payout to help cover your funeral and other expenses when you pass away. It ensures your loved ones can honour your final wishes without the added financial or emotional stress during a difficult time.
The cost of a funeral can vary between $4,000 – $15,000.1 The exact amount will depend on the type of ceremony you choose as well as any other services carried out.
Funeral insurance is a guaranteed product that provides financial assistance to your family when you pass away. The money can be used to pay for your funeral or any other expenses as soon as they arise. By contrast, a pre-paid funeral plan requires you to pay for your funeral upfront before you pass away. A funeral bond is an investment that accrues money over time and can be withdrawn after you pass away, but this may not be enough to cover your funeral if the average costs have risen.
Funeral insurance is an important consideration for those who want to financially protect their family from their funeral and other final expenses.
Seniors Funeral insurance provides guaranteed acceptance for any Australian resident aged between 40 to 79.
Give your family peace of mind. Your loved ones can use the lump sum wherever it’s needed most, so they’re not left to find a large sum of money at a difficult time. If the premiums you’ve paid over the years exceed your set benefit amount, your family will receive the total of all premiums instead; meaning you’ll never have to worry about paying more in than your beneficiaries will get back in return.
DARE to indulge?
Our bi-monthly DARE magazine gives you a wealth of new ideas to take on the world you live in, and have the time of your life along the way.
Did you know the average cost of a funeral is around $9,5001
Use the Funeral Cost Calculator to estimate how much a funeral could cost you – it’s fast, free and based on in-depth research.
Life's Booming Podcast
Hosted by the ABC’s James Valentine, the ‘Life’s Booming’ podcast is available now!
Why Australian Seniors
You and your family need insurance that delivers real value. With Australian Seniors, you get just that and more.
Peace of mind
Enjoy the confidence of knowing that your policy is backed by world-leading underwriters.
Award-winning insurance
We’ve got years of experience, helping you to protect your family and assets with award-winning products and award-winning service.
Dedicated to seniors
We believe insurance should meet your needs, not someone else’s. That’s why we focus on providing the best possible cover for Australians over 50.
Backed by experience
We’ve been doing what we love for years, just like you. Put yourself in good hands with Australian Seniors.
Funeral Insurance FAQsFrequently Asked Questions
How does funeral insurance work?
Funeral insurance is paid in the form of a lump sum benefit your family can use to pay immediate expenses, such as your funeral service or any outstanding debts you may have.
You choose a cover amount to suit you, and pay ongoing premium payments, usually fortnightly or monthly. In the event of a claim, your beneficiary will receive your cover amount.
Learn more about how funeral insurance works.
Is funeral insurance tax-deductible?
In most cases, funeral insurance premiums are not tax deductible. But there’s generally no tax on the benefits that you or your beneficiaries will receive.
However, it’s always possible that tax laws may change in future. What’s more, this may not apply to your specific situation. So, it’s important to seek qualified professional advice about the tax implications of any insurance product.
Can I buy funeral insurance for my parents?
Yes, as long as your parents are Australian residents aged 40 to 79 you’re eligible to apply for Seniors Funeral Insurance.
What is ‘Accidental Death’?
An ‘Accidental Death’ is a death occurring as the direct result of an Accident and where death occurs within 90 days of the Accident.
An ‘Accident’ means an event resulting in bodily injury occurring, where 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.
Information for Youpla members
The Youpla Group, also known as the Aboriginal Community Benefit Fund (ACBF) sold insurance policies to First Nations people and went into liquidation in March 2022.
To help the families of fund members affected by the collapse, the Australian Government is running a support program for those affected.
Youpla Support Program (valid from 1 July 2024)
The Youpla Support Program commenced on 1 July 2024 and will continue until 30 June 2026. Eligible recipients will not need to apply or register, Services Australia will make contact by phone. It may take some time for Services Australia to contact everyone. If a request is urgent, please contact Services Australia or if you think Services Australia may not have your up-to-date contact details you can contact Services Australia and update this information.
Need further assistance?
- For more information about the Youpla Support Program, go to niaa.gov.au/Youpla or call Services Australia on 1800 136 380.
- If you have any questions about your Seniors Funeral Insurance policy and you are a Youpla customer, please contact us (02) 8886 8468.
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Cover the people that matter most today
For total peace of mind for your entire family, call our friendly team now. We’re here between 8am and 8pm Monday to Friday on 1300 078 596. You can also request a call-back at a time that suits you.