Compare Prepaid vs Funeral Insurance

What about funeral insurance? A prepaid funeral can be the cheaper, smarter choice

Funeral insurance products require you to keep paying your premiums or they are no longer going to cover you. With a prepaid funeral you avoid that.

Want to see which choice is right for you?

Compare the cost of an average prepaid funeral with the cost of funeral insurance in a few easy steps with our online tool.

Please note: the figure of $6,000* is for comparison purposes only. As there are a wide range of funeral choices, your Prepaid Funeral Plan may be less or more expensive based on the choices you make.

My Details

Enter your age and gender to access your personalised comparison.


Funeral Scenario

Here you can review the default values we use for our comparison or tailor the scenario to your funeral needs.


Insurance Policy Details ^

Here you can review the default policy we use for the comparison or enter your own policy details to further personalise your comparison.


My Results^^^

Your results are based on the choices you have made in the Calculator and compare the cost between a Prepaid Funeral, Funeral Insurance or No Protection.

Funeral Insurance

Premiums to pay over the next # years ***


No Protection

One off payment in # years **


Extra to pay with a Prepaid Funeral ^^ $0

Extra to pay with Funeral Insurance $0

* The default figure of $6,000 is for comparison purposes only. This value is an estimated average based on estimates from ASIC - average price quoted for a funeral can begin from $4,000 to $14,000 ( As there are a wide range of funeral choices, your Prepaid Funeral Plan may be less or more expensive based on the choices you make.

^ Funeral insurance figures are based on averages of funeral insurance rates across the market, from 33 products through 11 insurers, and averages have been taken across each segment of the market weighted by the market share of each product. The calculator, including the default assumptions adopted, has been prepared by Rice Warner Pty Ltd (Rice Warner). Rice Warner has advised the default assumptions adopted are reasonable as at 18 April 2017.

# The guarantee assumes the funeral insurance benefit payout will be the greater of the premiums paid or the sum insured amount. 

***The default cover amount and funeral insurance results take into account your life expectancy, the effects of inflation, and the type of funeral insurance product detailed in the Review/Edit insurance details section. 

^^^ The calculations and results produced by the calculator are for illustration purposes only and are not intended as a substitute for any specific financial advice you may obtain. You should not make any financial decisions based on this calculator without first consulting your licensed financial adviser.

** This figure is based on the effects of inflation, given the purchase of a funeral at the time of your death (calculated based on the assumption you die at your life expectancy).

^^ The cost of a prepaid funeral will vary depending on the inclusions within the agreement. Any services required in addition to the original agreement may incur extra costs.