Funeral Insurance

Funeral Insurance

Our Funeral Insurance offers simple, affordable cover and claims are paid quickly.

The death of a loved one is a very emotional time, but it can also be very stressful. Having a policy in place to provide for funeral costs can help your family cope financially.



  • Acceptance is guaranteed with no medical underwriting, and anyone aged between 16 and 65 can be covered. Cover ceases on 86th birthday
  • Cover options: $5,000, $7,500 or $10,000 as applicable
  • We offer immediate cover for accidental death; otherwise full cover applies after 24 months
  • Benefit payable is either the cover selected or 75% of premiums paid, whichever is highest. 

If this sounds like the kind of cover for you and your family, just complete the application form and email it to A separate application form is required for each person.


Simply contact us if you have any questions, we're here to help.

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Important Information

We wish to advise members that as of the 1st of December 2018 members with Funeral Insurance are insured with First Insurance Ltd, a fully owned subsidiary of First Credit Union. 


FIRST CREDIT UNION FUNERAL INSURANCE is underwritten by First Insurance Limited. First Insurance Limited has a BB+ (stable) insurer financial strength rating reaffirmed by Fitch Ratings in March 2021.

Fitch Ratings Insurer Financial Strength Ratings Scale: AAA:  Exceptionally Strong |  AA:  Very  strong  |  A:  Strong    |  BBB: Good| BB: Moderately weak B: Weak |  CCC:  Very weak  |  CC:  Extremely weak  |   C: Distressed.



As at 30 June 2021, the Minimum Solvency Capital required to be held by First Insurance Limited under the Reserve Bank of New Zealand’s Solvency Standard was $5,000,000. The Actual Solvency Capital held by First Insurance Limited was $6,153,172, representing a Solvency Margin of $1,153,172 and a Solvency Ratio of 123%.

Actual Solvency Capital


Minimum Solvency Requirement


Solvency Margin


Solvency Ratio