Funeral Plan Insurance

Funeral Plan Insurance

Our Funeral Plan 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 18 and 85 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 12 or 24 months, depending on your age when the policy starts

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 Plan 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 FUNERAL PLAN INSURANCE is underwritten by First Insurance Limited. First Insurance Limited has a BB+ (stable) insurer financial strength rating issued by Fitch Ratings in May 2018 and affirmed by Fitch Ratings in December 2018.

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 2018, 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 $6,050,582, representing a Solvency Margin of $1,050,582 and a Solvency Ratio of 121%.

Actual Solvency Capital


Minimum Solvency Requirement


Solvency Margin


Solvency Ratio