Choosi Looks at The Ins and Outs of Funeral Insurance

February 04, 2013 (PRLEAP.COM) Business News
When you're fit and healthy, planning your own funeral isn't exactly a top priority. If you want to protect your family from the burden of unexpected funeral costs, however, it's worth considering a funeral insurance plan. Finding the best policy for your family doesn't have to be a gruelling task take advantage of Choosi's free comparison quotes and helpful information. Plus, for funeral insurance policies available through Choosi, acceptance is guaranteed.

Handy things to know about funeral insurance:

There are no medical tests.
You will not be asked any intrusive health or lifestyle questions when applying for funeral insurance. You also aren't required to undergo a medical or blood test. So it doesn't matter if you're already experiencing a health ailment when you apply as long as you are an Australian resident aged between 18 and 79, you will have guaranteed acceptance.

There are different plan types.
Eligible applicants can take out a single plan to cover their own life or opt for a family plan, which also covers their partner and dependents. Choosi's experienced staff can help you choose a plan that's right for you.

The older you are, the higher your premiums.
The main factor determining the price of your premiums is your age. So while any Australian resident aged between 18 and 79 can obtain funeral insurance coverage, their premium price may differ. Premiums can be fixed or increase year to year. Choosi can help you compare premiums so you get the best cover for your budget.

Your cover won't change.
If you were in great shape when you initially applied for funeral insurance but your health circumstances change, your cover will not be affected, provided your payments are up to date.

Waiting periods may apply.
The only instance where your health can impact your insurance is within the first year of taking out funeral cover. Most providers will pay out a benefit for the insured life if death is due to accident. If the death is due to sickness or suicide within the first 12 months of your policy, however, the benefit will not be paid.

Some funeral insurance policies offer you the option to add accidental serious injury insurance for added peace of mind. Whatever cover you're looking for, Choosi can help you compare and choose the right plan for you.

This is general advice only: Choosi is owned by Hollard Financial Services Pty Ltd (ABN 53 128 692 884), the information on this website does not take into account your personal objectives, financial situation or needs. You should consider the relevant Product Disclosure Statement (PDS) for more information and to ensure the product suits your needs.