The 5 Best Funeral Insurance in NZ

Best Funeral Insurance in New Zealand

By Amelia Montgomery

Death is uncertain and it can be burdensome for your family to have to pay for your funeral. If you like to prepare ahead of time for things like these, we’ve listed the options for the best funeral insurance in NZ here so you won’t have to worry.

Funeral insurance is different from one insurance company to the next. It’s dependent on each person’s situation, which makes it hard to know which policy you should buy.

But we are here to guide you through that so that you’ll make a smart decision about your insurance.

First, we’ll start discussing how to choose a funeral policy, of course. After that, we’ll jump right in our list of the best funeral insurance in NZ. Let’s start!

How to Choose a Funeral Policy

Put simply, funeral insurance provides your beneficiary with money to use for your funeral expenses when you die.

It’s a ‘risk policy‘ since you don’t know how much you will actually have to pay. Also, the policy will be cancelled if the client has failed to pay the balance on time.

However, to minimise that risk, we’ve enumerated things that you should carefully consider before buying a funeral policy. These are:

1. Cost

This is the cover that you would like your beneficiary to have. It mostly ranges from $5,000 to $30,000 depending on the insurance agency.

Note that according to the Citizens Advice Bureau, funeral expenses are estimated to cost around $8,000 to $10,000 in NZ.

The premium you’ll pay depends on your age and whether you’re a smoker or not. Suppose you are aged 60 and smoke, payments generally cost higher.

2. Application

You can apply for funeral insurance at the office, online, or by phone. A simple application process counts so that you can immediately start using your insurance.

In addition, you don’t want to have lots of paperwork, medical background checks, or confusing jargon thrown at you. Most companies we have here are neither of them.

3. Payouts

You have to check when the payouts of your insurance will be given.

For example, are they going to give you the full cover only if you die accidentally in the first year or will they cover any cause of death in the years after that?

Moreover, it’s important to see until what age you have to pay the premium. You have to be careful, as sometimes you might end up paying more than the covered amount.

4. Discounts

This will get you more value for the policy that you’ve bought. It might be a 10% off on the second year, special discounts when you apply online, or other special promos.

5. Review of T & C’s

Make sure that you completely understand the terms and conditions in your policy before purchasing. You have to be aware of the procedure, risks, payment terms, etc.

That way, you won’t be caught off-guard by something you don’t expect… like hidden and additional fees, or a condition that means you won’t receive the full cover you have been paying for.

6. Alternate Options

Like we said, getting funeral insurance might mean you have to pay more in the long run. Not to mention you have the risk of not being paid if your cause or time of death isn’t covered.

So you might want to consider a prepaid funeral instead. Prepaid funerals let you know the total fees you have to pay and you can plan it in advance with your funeral director.

The Best Funeral Insurance in NZ

Now that you have an idea of how to pick funeral insurance, let’s take a look at the best funeral insurance in NZ:

1)   AA Life Funeral Cover

Best for Accidental Death Payouts

AA Life Funeral Cover's Homepage

Get A Quote Here

AA Life Funeral Cover insures policyholders of ages 50 to 79 for up to $30,000. This can be used to pay for funeral costs and associated expenses for yourself or someone you know.

You get a double payout in the event of accidental death, and immediate cover for non-accidental death and terminal illness after a period of 2 years.

It’s very simple to apply with no medical records needed. Remember though that you have to be a New Zealand citizen, resident, or carry a valid work visa for the next year.

The full payout will be in lump sum, without any deductions and tax. Moreover, you are covered by the insurance regardless of the country you’re in.


  • Up to $30,000 coverage
  • Ages 50 to 79 can apply for AA Life Funeral Cover
  • Double payout in the event of accidental death
  • Very simple to apply
  • Cover wherever you are in the world


  • Higher premium cost as compared with other insurers

2)   Pinnacle Life Funeral Cover

Best Funeral Insurance for Value

Pinnacle Life Funeral Cover's Homepage

Get A Quote Here

With Pinnacle Life Funeral Cover, you can free your family of the burden of having to pay for your funeral fees when you’ve passed.

Their funeral insurance is available for people who are 50 to 75 years old. The policy can range between $10,000 to $25,000, so you choose which amount is right for you.

If you aren’t certain that you’ve picked the right amount, Pinnacle Life offers a 30-day free-look period, in which you can still change your mind.

The great thing about their policy is that you can choose to pay monthly, half-yearly, or annually by direct debit. From the time that you’ve reached 85, this policy will be free of charge.

By applying online, you’ll get 10% less off your payments for the first and second year. And if you have a joint policy in place (funeral cover for you and your partner), you also receive an additional 10% discount.


  • Cheaper premiums
  • Benefit of up to $25,000
  • Available for people who are 50 to 75 years old
  • Get 10% discount for the 1st and 2nd year, if you apply online
  • Outstanding customer service


  • One said that they didn’t provide enough information

Customer Reviews

Most clients said Pinnacle Life’s premiums were cheaper than that of other companies. In addition, they noted their excellent customer service and simple application process.

Check out Liz C.’s feedback below:

“I found the whole process easy, forms were straight forward, cost of premiums are great. Found their customer service department helpful and I didn’t feel rushed.

Would highly recommend company.”

Furthermore, another client, Rowan K., commented:

“Easy and convenient to do online by yourself without having a broker hassle you! follow up call was good!”

3)   Greenwich Funeral Insurance

Best for Premium Payment Stop

Greenwich Funeral Insurance's Homepage

Get A Quote Here

Save by not paying more than what you’re covered for with Greenwich Funeral Insurance. As soon as you’ve paid the full benefit, payment stops, yet you are  covered for life.

Anyone aged 30 to 70 is accepted regardless of medical condition. For the first 2 years, full benefit is given in case you died accidentally, and for the succeeding years, you are covered for any cause of death, no exclusions, no exceptions.

You can select an amount from $5,000 to $20,000 to cover for yourself, your chosen beneficiary, or have it transferred to your estate.

Payment is made by direct debit on your bank account either fortnightly, monthly, quarterly, or yearly. You can buy a policy over the phone or online.

Once you’ve made your purchase, you’ll be sent a policy document within a few days. However, should you decide to cancel, you should do so within 30 days, where you’ll get a 100% refund for the premiums paid.


  • Straightforward policy
  • Payment stops until you’ve paid the full benefit
  • Same premium price throughout
  • Guaranteed acceptance
  • 30-day money-back guarantee


  • Slower payout process than the competition
  • Low cover amount

4)   Cigna Funeral Cover Insurance

Most Affordable Funeral Policy

Cigna Funeral Cover Insurance's Homepage

Get A Quote Here

Lighten the hard times your family could be facing with the loss of a loved one. With Cigna Funeral Cover Insurance, you get affordable premiums for funeral policies.

You can insure your funeral woes for around $5,000 to $30,000. Applicants should be 50 to 80 years old with no restrictions on health and medical history.

Immediate cover is available for accidental death for the starting 24 months. After that, all causes of death will be covered, even those caused by suicide and self-harm.

A period of 30 days is given to you to see if you approve of the terms and conditions of the policy. In this instance, you will be refunded 100% of all the premiums paid.

At the time of payout, the cash will be transferred to the beneficiary’s bank account within 48 hours of the receipt and approval of documentation and claims.


  • Affordable premiums
  • Tax-free payout
  • 100% refund if the policyholder dies of natural causes within the first 24 months
  • Guaranteed acceptance


  • Mediocre customer service

5)   Ease Funeral Insurance Product

Best Overall Funeral Insurance

Ease Funeral Insurance Product's Homepage

Get A Quote Here

Ease Funeral Insurance Product made it to our top picks for the best funeral insurance in NZ for a reason.

First, their policy is offered to people between ages 18 and 70 and cover from $10,000 to $20,000. This range is more than sufficient to pay for the average funeral expenses that are determined by experts.

When the policyholder passes away or is diagnosed with a fatal illness such as cancer, the beneficiary will immediately be able to receive the funeral allowance benefit.

The funds are tax-free and can be used to handle affairs related to your burial or funeral, catering services, merchandise, and family accommodation services.

Check out their website if you’re interested and their insurance brokers will be right with you in a moment.


  • Top-quality product
  • Covers people ages 18 to 70
  • Tax-free payout
  • Talented and helpful insurance brokers
  • Perfect 5-star Google Reviews


  • Cover amount is lower than others

Customer Reviews

Ease Insurance Brokers received stellar reviews on Google. Not only is the team friendly and helpful, but it also responds quickly to enquiries, and helps you through the process as well as your claim to be accepted.

One client, Leo L. wrote:

“First sign up with Ease a few years ago, fantastic experience with the product introduced, go with Ease simply keep your mind at ease.”

Here’s another review from Mike:

“Really good insurance brokers to deal with, nothing is an issue when contacting them with inquiries or updating personal info, and they send out regular newsletters that provides helpful information.”

And that’s all for the best funeral insurance in NZ. Don’t let your family worry about the funeral expenses if the worst happens.

So far, do you have any questions or comments regarding our topic? If you have one, just write a comment below, and we’ll promptly get back to you.

Also, you may want to browse our list of the best Wellington funeral homes. This can help organise matters in case a terminally ill loved one passes away.

Leave a Comment