How funeral insurance works

Funeral insurance pays a lump-sum benefit to your estate or your nominated beneficiaries when you pass away. At the time of applying for cover, you can choose a benefit amount of up to $30,000 which can go towards paying for your funeral costs or any other expenses that you leave behind like debts. This can help your family get through a tough time on short notice and also help you avoid the worry of rising funeral costs.

Depending on the policy, you could also be covered for a terminal illness or accidental serious injury. Keep in mind that you need to pay a fortnightly, monthly, or annual premium to be covered. The cost is usually based on your age and the benefit amount you choose. The higher your benefit amount, the higher your premiums will be. 

It’s also important to remember that funeral insurance isn’t a savings plan or a trust. This means that the money you pay isn’t refundable unless you cancel during the cooling-off period (except if you’ve made a claim in that time). But the upside of funeral insurance is that you can be covered for your chosen benefit amount.

How does funeral insurance work?

  1. You apply forfuneral insurance

    • Choose the cover amount that works for you
    • Get a quote
  2. Insurancecompany

    • Assesses application and approves cover
    • Issues funeral insurance policy
    • Covers the life insured under the terms of the policy
  3. Insuranceevent

    • Claim is submitted by the claimant
    • Claim is assessed by insurer
    • Lump-sum payout made to the beneficiary or estate (to you for a terminal illness or accidental serious injury claim if applicable) within 1-2 business days of receiving required paperwork  

What's up with OneChoice Funeral Insurance?

Simply put, it’s funeral insurance designed for Kiwis (that’s you — not the bird!). We’ve tried our best to make it the most irresistible funeral cover on the market, and here’s how it turned out:

Eligibility and cover amount

If you’re a New Zealand resident between 18 and 79 years old, we won’t say “no” when you apply. We think ‘guaranteed acceptance’ has a nice ring to it so you never need to worry about us saying we can’t cover you.

Plus, there’s no age limit on your benefit amount. Anyone eligible for cover can take out from $3,000 up to $30,000 to help pay for the perfect funeral or tangi — not a bad way to celebrate the performance of a lifetime.

Keep in mind that cover is for accidental serious injury and accidental death only in the first 12 months.


Most claims are paid within one business day of receiving the required completed paperwork, so your family won’t need to break open the savings jar when you pass away. This means they can pay for whatever might come up on short notice — whether it’s the perfect funeral or tangi, legal fees, any debts that you may leave behind, or anything else they see fit. 

Additional benefits once you turn 85

  • You’ll get an extra 25% Bonus Cover added to your benefit amount
  • We’ll stop charging you premiums, so you can enjoy the rest of your policy on us! 
  • Or, through our Early Cash Out Option, you can choose to cancel your policy (you won’t be able to make a claim) and you’ll get 75% of your benefit amount paid to you — no hard feelings

Other cool stuff we decided to throw in

  • You’ll get 100% of your benefit amount paid to you in case you’re diagnosed with a terminal illness with only 12 months to live, after the first 12 months of holding your policy
  • If you suffer an accidental death or accidental serious injury, we’ll triple your benefit amount up to $90,000
  • We’ve made your premiums level, so they won’t go up every year1 — you’re welcome


All good things must come to an end. But don’t sweat — we’ll give you a nice parting gift when your policy expires at age 100. When you reach this milestone age, we’ll end your policy and pay you 125% of your benefit amount. You can leave it in your funeral savings jar or use it to throw the best 100th birthday party of the century — you call the shots. 

Payment options 

You can pay your premiums annually, fortnightly or monthly using either a credit card, direct debit, credit union, or building society account.

Choosing your beneficiaries

Your beneficiaries are the people who’ll receive the money when a claim is made on your policy. You can choose up to five different beneficiaries over the phone or using our nomination form. Choose your life partner, kids, a close mate, or anyone else you trust.

If you’re still on the fence, check out the Policy Document for OneChoice Funeral Insurance.  

Frequently Asked Questions

Who can apply for OneChoice Funeral Insurance?

Any New Zealand resident aged from 18 up to 79 can apply for OneChoice Funeral Insurance with guaranteed acceptance. Get started today — it’s that easy.

Are there any exclusions?

Just like any other insurance product, there are some things that our policy won’t cover, so it’s always important to read the Policy Document and Key Fact Sheet (available on our Policy Documents page) before making a decision. Keep in mind that cover is for accidental serious injury and accidental death only in the first 12 months. 

How do I get cover?

It’s easy to get OneChoice Funeral Insurance. Start by requesting a quick quote and one of our team can provide you with an obligation-free quote! 

Do I need to be tested before taking out cover?

No! There’s no blood tests or medicals required to apply for OneChoice Funeral Insurance. 

Get a cool info pack

We can send you a free info pack with even more information on OneChoice. You’ll love it.

  1. The total amount of premiums payable over the life of the policy has the potential to exceed the cover amount.

Make the call

If you’re keen for a chat, call us on 0800 640 004 from 8am to 8pm Monday to Friday. If you’re too busy enjoying life, we can call you instead, or why not request a quote now?