They are offering cover from $4000 - $15000 cover for funeral insurance and it's totally free for 1 year. I signed up a year ago and didn't have to pay a thing, my policy just renewed and only now have start to pay for it. You don't even have to carry on with the policy after a year. Just thought I would share this with everyone.
errrr —- its kindds creepy .. :D
Wonder if we can price match?
I think they have a 30-day price beat policy, though I've heard it's pretty tricky trying to claim it.
Certainly match the SPIRIT of Friday the 13th :)
obviously not the nicest thing to think about but we are all going to die sometime….i just felt good knowing that if anything did happen to me its not going to leave my mother short
Rather than paying sh*tloads for funeral insurance why not pay into a prepaid funeral plan. Will save you heaps! Insurance plans get very expensive the older you get and if you live to a ripe old age you could be paying thousands more than what the benefits are. For most prepaid funerals, i believe that the full cost is locked in at todays costs rather than what it costs 10, 20, 30 yrs from now.
well yes you could do that but the whole point of insurance in the first place is because we never no whats around the corner?? It could happen at any time?
As someone who works in insurance and knows a fair bit about the subject, be aware that these policies are poor value for money (when not free). Most of your premium goes to pay commission and expenses. The cheapest policies are the policies sold through your superannuation. These are called group policies. This is because your super company has better buying power and the economies of scale of insuring everyone together. Not only do you not need to underwrite for these polices but the premiums come out of your superannuation fund money (so it does not impact your current cashflow).
If you want more insurance than your super fund is offering (which may only be 2 or 3 times your annual salary), then use an online agent, who rebates you some of their commission, thus reducing your premium. Agents sell policies cheaper than those you can buy directly from insurance companies.
The product is sold by these guys, but underwritten by AIA.
I would suggest getting your one year free and if you still want insurance after that, shop around or make sure you have a good group policy though your superannuation.
The same goes with income protection, if the price is appropriate, bundle it with your super rather than taking out a separate policy (and then claiming the tax back later).
That is some good advise….another thing that I liked about Freedom is that they give you 10% back of what you have paid every 2 years
This will come in handy for many of us after all those Hungry Jack and Krispy Kreme deals ;-)
For the cost of funeral plans like this, its more value if you just get proper life insurance.
The premium for $15k funeral cover will buy you a hell of a lot more in life insurance.
waste of money. by the time you die you might have paid for your funeral many many times over.
Do we have to know the person named on the policy?
I could visit the local hospital's emergency room and take out policies on all the critical patients. Any that live past 1 year, I'll just cancel the policy.
Profit!
There is only a few ways your allowed to die in the first 12 months; in a hospital room isn't one of them. After 12 months however you can have a death of your choosing.
There is only a few ways your allowed to die in the first 12 months; in a hospital room isn't one of them.
Doctor: I'm sorry Mrs Jones, the injuries your husband sustained in the car crash were too extensive and he passed away moments ago.
Mrs Jones: Oh no Doctor, my insurance policy says he's not allowed to die in a hospital within the first 12 months.
Doctor: Sorry, my mistake. Mr Jones, you're free to go.
Mr Jones: Thanks Doc. See you next time. [Walks out].
Ok, so insure everyone you know, or in your street, or town/suburb, hell - everyone in the phone book. Some are bound to cark it according to the rules - and payolla time. Somehow I reckon they have a way to prevent that.
Brill….A deal to die for.