When you die the cost of your funeral will place an immediate financial burden on your family. As Sureplan has been managing funeral insurance since 1935 we understand that the prompt payment of claims eases this financial stress - therefore your nominee will be paid within 24 hours (one working day) of the notification of your death. This means your family will be able to make arrangements with confidence.
Remember superannuation and standard life insurance play their role, but in many cases their claim payout can be delayed for many weeks until a death certificate is issued and probate is granted. Therefore, if you rely on superannuation and standard life insurance, instead of funeral insurance to pay for your expenses then someone else may have to pay upfront.
Sureplan Family Fund is a life insurance and funeral fund product that provides (on your death) a benefit to be applied to the cost of your service. Anyone between the ages of one and 55 can apply for membership.
With the commencement of a Sureplan Family Fund policy you will be immediately covered for a funeral benefit that is payable upon your death. Funeral insurance premiums, preferably made by direct debit, can be paid monthly, quarterly, six-monthly or annually. To see what funeral insurance cover you can obtain, the associated premium payable and the total cost of your policy, use our online calculator.
Full cover - you are insured for accidental death and death from natural causes immediately, however you will not be covered for death by suicide within the first 24 months of membership.
Immediate cover - we will pay your nominee (on behalf of your estate) the benefit you have selected within 24 hours of being advised of your death, even if it is the day your membership is accepted.
Lifetime cover (but pay only to 60) - even though you are only required to pay premiums until age 60 you are covered for the duration of your lifetime.
No premium increases - the amount of your premium payable will not change through the term of the policy. At the time of joining you know exactly how much you will pay and when it will be fully paid.
Funeral benefit cover can increase - bonuses may be added to your selected funeral fund benefit from time to time.
No hidden funeral insurance costs in your policy - there are no entry or exit fees.
Obtaining Sureplan funeral insurance is simple. Just fill out the enquiry form and we will consider your application. If successful, we will forward to you the necessary documents for completion and signing. Our payment methods are convenient for every member as funeral insurance premiums can be made by direct debit or credit card payments; the choice is entirely yours. Whether you wish to pay monthly, quarterly, six-monthly or annually, we provide a service that will suit all your family.
Sureplan Family Fund is administered by Sureplan Friendly Society Ltd and the actions of the Society are regulated by the Australian Prudential Regulation Authority, the Corporations Act 2001 and the Life Insurance Act 1995.
While the original purpose remains valid today, applications to join that Fund is restricted to people between the ages of one and 55 years. Therefore, in July 1998 a new funeral fund product Sureplan Gold was introduced to provide a bond mechanism for people over 55 years of age to provide for their funeral plans.
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 preplanning options.