Funeral Cover, Increase Your Cover

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Increase your cover

Do you know that if you are an existing member you can apply to increase the benefit of your Sureplan Family Fund until you turn 56? Therefore, if your funeral cover is less than today's average cost of a funeral, you may wish to consider applying to have your benefit increased to ensure sufficient funeral insurance is available when required.

You may recall that, even though funeral cover is provided for life, the fixed premiums for your Sureplan Family Fund funeral insurance are only payable until age 60. This contrasts to the other plans that advertise widely on radio and television for which premiums are payable until age 90 and may increase annually.

Sureplan Family Fund therefore can literally save members thousands in premiums compared to these other funds.

Below is a table that displays examples of premiums for additional benefits for members currently aged 50 to 55. The additional total premiums payable until age 60 is also displayed as this verifies the excellent value of Sureplan Family Fund. You can increase your benefit by any amount up to a total benefit of $15,000.

Current Age(yrs) Extra $1,000 Extra $2,000 Extra $3,000 Extra $4,000
Mthly Prem $ Total Prems $ Mthly Prem $ Total Prems $ Mthly Prem $ Total Prems $ Mthly Prem $ Total Prems $
50 4.66 559 9.30 1,115 13.95 1,694 18.59 2,231
51 5.37 580 10.73 1,158 16.10 1,739 21.10 2,279
52 6.09 584 12.16 1,167 18.24 1,751 24.31 2,234
53 7.15 600 13.95 1,172 20.74 1,742 27.28 2,342
54 8.23 593 16.45 1,184 23.96 1,725 32.89 2,368
55 10.01 600 20.02 1,201 30.03 1,801 39.69 2,382

 

You can also use the calculator on this site to calculate the total premiums for an additional benefit.

Increasing your funeral insurance cover is easy - just fill out the application form and put the additional funeral insurance required in the Amount of Funeral Cover Required field and your Roll Number or Member Number in the Promo Code field . To obtain a hard copy of the application form you can either download the Sureplan Family Fund Disclosure Document or just ring us on 1800 817 105 or email info@sureplan.com.au.

Remember superannuation and standard life insurance play their role, but in many cases their funds 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 to pay for your expenses then someone else will have to pay upfront.