HCF
Funeral insurance
Plan ahead and protect your family from the financial stress that comes with the cost of a funeral and other end-of-life expenses.
Why choose hcf funeral insurance?
HCF Funeral Insurance can help ease the financial burden on your loved ones when you pass away.
Provides a cash payment to your beneficiary to help cover end-of-life expenses, and offers financial support to you directly if you're diagnosed with a terminal illness.*
Choose an Insured Benefit of $7,500, $10,000 or $15,000. 12-month waiting period applies.
Available to permanent Australian residents aged 50-79. No medical or blood tests are required on application.
Pay fortnightly, monthly or annually with a debit or credit card, with a discount if you pay annually.
How does HCF Funeral insurance work?
HCF Funeral Insurance pays a lump sum for funeral costs, bills or living expenses—unlike prepaid plans that only cover a set service.
Premium promise
If the total premiums you've paid us exceed the Insured Benefit at the time of a claim, you'll receive the full amount of the premiums paid (does not apply to the Early Cash Out option).
Covers death from any cause
Your beneficiary receives the full Insured Benefit - plus the Premium Promise - no matter the cause of death (after the 12-month waiting period).
If your death is a result of an accident, we will pay your full Insured Benefit plus any applicable Premium Promise (within the 12-month waiting period).
When does the policy end?
Your policy will end on the earliest of the following events:
- Your death
- The payment of the Insured Benefit
- The payment of 75% of the total premiums you have paid, when you exercise the Early Cash Out Option
- The payment of the Insured Benefit when you turn 100
- The date we receive a request to cancel your Policy, or
- If you don't pay your premiums, the date we cancel your Policy.
Early Cash Out Option
When you turn 85, your HCF Funeral Insurance gives you flexibility with the Early Cash Out Option. You can choose to receive 75% of the total premiums you have paid at that time or you can continue your cover. The Premium Promise does not apply if you choose to exercise the Early Cash Out Option.
Terminal illness payout
If you’re diagnosed with a terminal illness* after the waiting period, you’ll receive your full Insured Benefit plus any applicable Premium Promise.
Turning 100
At age 100 we'll pay the full Insured Benefit if your policy is still active plus any applicable Premium Promise, and your policy will end.
Case studies
These case studies are fictional and the premiums used are for illustration purposes only.
Ben took out an HCF Funeral policy when he was 65
He paid $84 per month for an Insured Benefit of $10,000.
Ben passed away 10 years later.
Ben’s Beneficiary is able to claim the Insured Benefit of $10,000 plus a Premium Promise of $80.
Ben paid a total of $10,080 in premiums, which does exceed the Insured Benefit.
The Premium Promise amount is the difference between the total premiums Ben has paid under his Policy and his nominated Insured Benefit amount.
Insured Benefit: $10,000
Total premiums paid: $10,080
Premium Promise: $80
Ben’s Beneficiary receives $10,080 in total.
Holly took out an HCF Funeral policy when she was 65
She paid $84 per month for an Insured Benefit of $10,000.
Holly passed away 3 years later.
Holly’s Beneficiary claims the Insured Benefit of $10,000 but is not eligible for a Premium Promise.
Holly paid a total of $3,024 in premiums, which does not exceed the Insured Benefit.
Insured Benefit: $10,000
Total premiums paid: $3,024
Premium Promise: $0
Holly’s Beneficiary receives $10,000 in total.
Insurance details
How to claim
If you're a beneficiary claiming on an Insured Person's behalf, or an Insured Person who wishes to claim their terminal illness benefit or cash out early, email
help@hcf-funeralinsurance.com.au to receive a claims form and email it back to us.
If you have any questions, reach out to us on
HCF Funeral Insurance is digital-only
All HCF Funeral Insurance communications, including policy documents, updates and claim information, are delivered via email or SMS. Before you buy, please consider whether a fully digital product is right for you and make sure you're comfortable receiving all your information this way.
This applies only to HCF Funeral Insurance and does not affect other HCF, HCF Life, RT Health products and services or branches.
FAQs
How much does funeral insurance cost?
The cost of your HCF Funeral Insurance premium doesn’t depend on your health status. It’s based on a range of factors, including:
- Your age at the cover start date
- The Insured Benefit amount
- Any applicable discounts
- Our costs of capital, our operating expenses and government charges that apply to this insurance, like stamp duty.
HCF Funeral Insurance is a life insurance product and not a prepaid funeral plan. Any benefits paid under this policy are designed to provide a support payment and may not cover all the costs associated with a funeral.
Who can apply for HCF Funeral Insurance?
You can apply for HCF Funeral Insurance if you’re a permanent Australian resident aged 50 to 79. No medical or blood tests are required.
How much should my Insured Benefit be?
With HCF Funeral Insurance, you can choose an Insured Benefit of $7,500, $10,000 or $15,000. This is the amount we pay your beneficiary when you pass away. You can choose how much you want your Insured Benefit to be. $7,500 may help with essential end-of-life expenses, whereas, $15,000 could provide additional support for other costs your loved ones may face.
Are there any exclusions for funeral insurance?
Yes, we don't cover:
- Death due to acts of war, whether declared or not, hostilities, civil commotion, terrorism or insurrection
- Death that happens as a result of being under the influence of alcohol, or taking illicit drugs or taking medication in a way not as directed
- Death that happens as a result of your involvement in an illegal act.
How does HCF Funeral Insurance differ from a prepaid funeral plan?
HCF Funeral Insurance provides a cash payment to help cover funeral costs after you pass away, are diagnosed with a terminal illness* or reach a certain age. This money is paid to you or your beneficiary and they can use it as they choose.
A prepaid funeral plan allows you to arrange and pay for your funeral service in advance.
When does my cover end?
Your cover will end if:
- You die or receive the benefit due to Terminal Illness*
- You choose to take the Early Cash Out Option
- You turn 100
- You cancel your policy
- You don't pay your premiums for the period specified under the policy terms.
Can I get HCF Funeral Insurance for my partner or parents?
No, HCF Funeral Insurance doesn’t cover partners or family members. You can only cover yourself.
Who can I nominate as a beneficiary?
A Beneficiary is a nominated person who will receive the benefit in the event of your death. They’re often your loved ones, and the cash payment can help them manage expenses or other financial matters during a difficult time. You’ll need to nominate one person to receive the benefit. Their name will appear on your Policy Schedule. Once nominated, we’ll treat this as a final decision unless you update it. The beneficiary needs to be over the age of 18.
Important information
HCF Funeral Insurance is issued by HCF Life Insurance Company Pty Ltd ABN 37 001 831 250, AFSL 236 806 (HCF Life), which is wholly owned by The Hospitals Contribution Fund of Australia Limited ABN 68 000 026 746, AFSL 241 414 (HCF). HCF Life does not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement and Target Market Determination. The premiums for HCF Funeral Insurance are paid to HCF Life. HCF receives a commission of 80% of HCF Life’s underwriting profit each year calculated as premium less claims and expenses.
* A Terminal Illness is an illness or condition where your life expectancy is less than 12 months, as confirmed by a medical practitioner who is registered in Australia.
Life insurance code of practice
HCF Life is bound by the Life Insurance Code of Practice which sets out the Australian life insurance industry’s key commitments and obligations to customers. Further information is available at CALI Life Insurance Code of Practice.