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.

Check out the important stuff
  • Important Information


    We wish to advise members that as of the 1st of June 2018 members with Loan Protection Insurance are insured with First Insurance Ltd, a fully owned subsidiary of First Credit Union.  There are some beneficial changes to the covers offered and members already insured have their covers upgraded at no extra cost. 


    FIRST CREDIT UNION LOAN PROTECTION INSURANCE is underwritten by First Insurance Limited. First Insurance Limited has a BB+ (negative) insurer financial strength rating issued by Fitch Ratings in March 2022.

    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 31 December 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 $6,151,856, representing a Solvency Margin of $1,151,856 and a Solvency Ratio of 123%.

    Actual Solvency Capital


    Minimum Solvency Requirement


    Solvency Margin


    Solvency Ratio