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Pinnacle Life launches instant funeral cover

Pinnacle Life launches instant funeral cover

Press release to Scoop 25 July 2008

Pinnacle Life today launched a $15,000 funeral cover policy which complements its life cover and mortgage cover products.

“The policy is applied for and issued immediately online in the same way that existing products are delivered” says Pinnacle Life partner Steve de Jong. The buying process from application to policy issue is fully automated, with consumers receiving their policies via email which they can off as and when required. Whilst the product is designed essentially for the 50 plus consumer, it is available online to anyone aged 30 to 69. Being a ‘guaranteed issue’ product, it can be purchased by anyone regardless of health and lifestyle.

“Applicants purchasing the funeral cover policy are led through a few simple questions including height and weight which are taken into account in calculating the premiums. Level premiums are paid only until age 85, after which cover continues free of charge through to age 100. The policy is straightforward and consumers should have no problems understanding it. The entire process can be completed in a matter of minutes, at the end of which the applicant will have their policy and they will be covered”, says de Jong.

Today’s ‘instant funeral cover’ follows the launch of instant life cover and instant mortgage cover by Pinnacle Life just over a year ago.


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