Funeral Cover

This policy provides cash to pay for your funeral so when the time comes your family will have one thing less to worry about.

A Funeral Cover policy gives you peace of mind now, knowing that your family won’t have to worry about paying for your funeral expenses if the unexpected does happen. If you have Funeral Cover you, or your nominated beneficiary, will receive a tax free lump-sum if you die.

Here’s the basics:

  • You choose the amount that’s right for you and your family, from $7,500 to $25,000.
  • You have to be aged between 30 and 75 to get a policy, and be a New Zealand citizen, or have a valid NZ residency visa and be living in New Zealand.
  • You’ll automatically get a 10% discount on your payments for the first 2 years
  • You’ll save an additional 20% on your payments if you buy a joint policy. A joint policy covers both you and your partner and pays out on each death.
  • Your payments remain the same each year, without ever increasing (the online discount will drop off after the first two years).
  • You’ll only pay for this policy until aged 85, after which your cover continues free of charge until you die.
  • You can decrease your cover or cancel this policy at any time without penalty.



NZCU Employees insurance is offered through Pinnacle Life. NZCU Employees receive a commission on all insurance sold to members.