No-one would want to leave their family in a financial mess would they? That’s why Funeral Expenses Cover provides insurance
that has been designed to help you protect your family from the financial burden of your funeral and other unexpected costs,
if you were to unexpectedly pass away.
No-one knows what
lies around the corner, whether it's an accident or illness - and securing cover early ensures the protection is there if
it's needed.
You can select a cover option that suits your needs and budget, from a $3,000 benefit payout through to a $15,000 benefit
payout.
If death is the result of an accident, then the life insurance benefit is tripled – meaning that three times the life insurance
benefit will be paid out. For example, if you have a $10,000 life insurance benefit, and you die as the result of an accident,
the benefit payable to your loved ones would be $30,000.
To help ensure that your level of insurance cover keeps up with increases in the cost of living your cover level is automatically
increased on each policy anniversary by 5%. We will write to you each year to tell you about this, and you can decline this
increase if you wish.
The automatic increases stop at the policy anniversary after you reach age 85.
You can add
Accidental Serious Injury Insurance to your Funeral Expenses Insurance, which provides a benefit in the event of Quadriplegia,
Paraplegia, Hemiplegia, Blindness, Deafness or Total and Permanent Loss of Use of two limbs.
If you are an Australian
resident aged between 18 and 79 we guarantee to accept you for this insurance.
No, and there
are no intrusive questions about your health and lifestyle.
After the first year of cover there
are no exclusions on the cover provided. During the first year of the Funeral Expenses Cover, a benefit will only be paid
if death is due to an accident, thereafter the benefit is payable on death from any cause, including sickness and accident.
Accident means
an event resulting in bodily injury where the injury is directly and solely caused by violent, external and visible means
without any other contributing causes and where the injury is not self inflicted. Accidental Death means death occurring
as a direct result of an Accident and where death occurs within 90 days of the Accident.
Provided you are an Australian
Citizen or permanent resident living in Australia and have no plans to relocate outside of Australia at the time of application,
once your application is accepted you’re covered anywhere in the world 24/7.
Yes. Funeral Expenses
Cover has been designed to be family friendly. You can choose to cover your life (Single Plan), or cover yourself, your
partner and all children who are dependent on you until they reach age 21 (Family Plan). There is no limit to the number
of dependent children that can be covered under the Family Plan.
Just
get a quote to see how affordable it can be for you. Cover starts at $1.72 per week (premium for Single Plan providing
$5,000 benefit [or $15,000 Accidental Death benefit] up to age 44). That’s less than the cost of a daily newspaper.
The premium is calculated each year on the policy anniversary and is based on your age at that time, the benefit level you
select, and whether you select a Family or Single Plan. For the Family Plan the premium is based on the age of the oldest
member of the family. From age 90, premiums are waived and no further payments are required.
You can never be singled out for an increase – any variation will apply to all Funeral Expenses Cover Policyowners.
In most cases your premium will not be tax deductible and tax will not be payable on any benefit paid under your policy.
This information is based on continuance of present tax laws and the insurer’s interpretation of those laws. Your individual
situation may differ and you may need to seek qualified professional advice in relation to your particular circumstances.
As long as you pay your premiums,
the cover is guaranteed renewable for the rest of your life and you’ll be covered anywhere in the world, 24/7 – even if
your health and circumstances change.
If you cancel
your Funeral Expenses Cover Policy within the first 30 days of commencement – for any reason whatsoever – you’ll receive
a full refund of premiums that have been paid. If you cancel your Policy after 30 days, you will not get anything back as
this Policy is not a savings plan. However, if you have chosen a yearly payment option, we will refund you a pro rata of
the unused portion.
We make all benefit payments to the Policyowner. If the Primary Life Insured dies while owning the Policy, the Insurance
benefit will be paid to the Policyowner’s legal personal representative, or other person that we are permitted to pay under
the Life Insurance Act 1995.
You can nominate up to 5 people as a beneficiaries to receive the benefit when you pass away by simply downloading a
beneficiary form, complete and mail it to Real Insurance, PO Box 6728, Baulkham
Hills, NSW 2153.
Hannover Life Re of Australasia (Hannover), ABN 37 062 395 484, is the issuer of Funeral Expenses Cover. Hannover’s portfolio
of life insurance business has been in force for over 40 years and consists of approximately $500 million dollars of annual
premium. The company is part of the Hannover Re Group which is one of the world’s leading reinsurers. Its worldwide network
consists of more than 100 subsidiaries, branch and representative offices in around 20 countries. Standard & Poor’s have
awarded Hannover Re a very strong insurer financial strength rating.