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Prime Funeral and Final Expenses Cover

Prime Funeral and Final Expenses Cover (Prime Cover) is Life Insurance cover designed to help protect your family from the financial burden that could be created by your funeral and other final expenses.

Plus, with Prime Cover you have the option to add cover for Accidental Serious Injury, for your own financial protection and peace of mind.

Funerals can be expensive – often costing up to $15,000 or more and few people can easily find that kind of money when it is needed, often within days of a tragic event occurring. And because we understand how traumatic an unexpected Accidental Death can be for your family, in the event of your Accidental Death your benefit is automatically tripled.

When is the Prime Funeral and Final Expenses Cover payable?

Your Prime Funeral and Final Expenses Cover is payable upon your death. You can choose a sum insured from $6,000 up to a maximum of $15,000, to assist with your funeral costs and any additional final expenses.

Your benefit can be used however needed- To pay for your funeral, settle other household bills that come in or even provide financial assistance for other family members during this difficult time.

If at any time you pass away due to an accident, we triple the benefit amount paid to your family (up to $45,000), because we understand how traumatic this time can be for them.

During the first 12 months of cover, payment is only available for death as a result of an Accident. After this initial 12 months of cover, the covered benefit is paid for death by any cause.

You also have the option to apply for up to $250,000 cover for Accidental Serious Injury.

Who can have this cover?

You can apply for Prime Cover if you are an Australian Resident aged 18-75 years.

Cover can continue for life as long as premiums are paid when due.

Our optional Accidental Serious Injury cover can be taken out up to age 69 with cover continuing through to age 75.

Plus, if you keep your Policy through to age 90, cover is free from the date of your Policy Anniversary after you turn 90, and no further premiums are payable.

Prime Funeral

and Final Expenses Cover

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Download our product information guides here

10 reasons to choose this cover

  • 1 From $6,000 up to $15,000 Life Insurance cover to help protect your family from the financial burden of having to pay for your funeral or other final expenses.
  • 2 Your benefit triples, up to $45,000, in the event of your Accidental Death.
  • 3 Option to apply for up to $250,000 Accidental Serious Injury cover to help safeguard your family’s lifestyle in the event that an Accident leaves you seriously injured.
  • 4 Guaranteed acceptance for all Australian Residents aged 18-75 years with absolutely no medical or blood tests.
  • 5 Cover is completely free after your Policy Anniversary from age 90, with no further premiums payable.
  • 6 Worldwide cover, 24 hours a day, 7 days a week so you are always protected.
  • 7 Automatic cost of living increases – up to 5% p.a. automatic benefit increase to help your cover retain its future value (age limits apply).
  • 8 Easy to obtain cover is available online in just a few simple steps.
  • 9 Enjoy a significant premium discount when you buy through an IA Life Referral Partner.
  • 10 Keep your Funeral and Final Expenses cover for life regardless of any changes to your health, occupation or pastimes.

Summary of Cover

Product FeatureFuneral and Final ExpensesAccidental Serious Injury
Minimum age at entry18 yrs18 yrs
Maximum age at entry75 yrs69 yrs
Benefit expiry datePolicy cancellationPolicy Anniversary following your 75th birthday.
Minimum sum insured$6,000$50,000
Maximum sum insured at Policy Commencement$15,000$250,000
Inflation protection (automatic unless you opt to decline the increase)5% p.a. each Policy Anniversary up to age 805% p.a. each Policy Anniversary up to age 75
Built in benefitsTriple benefit for Accidental Death.

Cover is free from your Policy Anniversary after age 90
   

Prime Funeral

and Final Expenses Cover

Apply NowApply Now

Download our product information guides here

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