Sureplan is a mutual life insurance company that specialises in funeral and burial insurance. As a mutual, Sureplan is owned by its members (like a mutual bank, building society or credit union) and therefore is not liable to pay dividends to third party shareholders. Rather, members directly benefit in the form of lower premiums (funeral insurance) and higher returns (funeral bond). Originally called The Public Service Death Benefit Society of Queensland, Sureplan commenced in 1935 with the launch of our memorial service insurance plan, Sureplan Family Fund.
Today Sureplan Friendly Society Ltd has more than 27,000 members and $120M in assets. It prides itself in being a caring entity for its members' benefit by providing positive and truly beneficial funeral insurance and funeral saving/investment options.
The actions of the Society are regulated by the Australian Prudential Regulation Authority, the Corporations Act 2001 and the Life Insurance Act 1995.
Sureplan Family Fund is still Australia’s best value funeral insurance for the Under 56s and it has unique features;
Members therefore will save thousands in total premiums when compared to other funeral insurance plans. As an example, a 40 year old applicant with Sureplan Family Fund, for a cover of $9,000, will pay a total of $4,290 in premiums ($17.88 per month for 20 years). Compare this to the very best of other funeral insurance plans for which the minimum total premiums payable for a cover of $9,000 is $9,000 i.e. they pledge that customers will not pay more than the amount of cover.
In July 1998 Sureplan introduced Sureplan Gold, specifically for the Over 55s. Sureplan Gold is a conservatively managed funeral bond that is an ideal way to either prepay funeral expenses or use as a funeral saving plan.
With Sureplan Gold there are no entry, contribution or exit fees and members can contribute with a lump sum and/or from as little as $50 per month. Members are free to stop contributing whenever they choose without penalty. The funeral benefit payable is the amount accumulated from their own contributions plus bonuses (fund returns).
We at Sureplan understand that our members provide funds for their funeral expenses to relieve their family of much of the associated financial stress. That is why we guarantee to pay their funeral benefit within 1 working day of receiving independent confirmation of their death. There is no paperwork required for the family – all we require is a phone call.
So if you are under 56 and looking for an extremely cost-effective and fair funeral insurance plan, or over 55 and seeking a secure and flexible funeral saving plan, call us on 1800 817 105 or email on . We will be delighted to assist you wherever possible.