Funeral
Life
ASIA Life
Funeral FAQ'S
BONUS ROUND
100

Do premium rates increase / How much will my premium be next year?

  • The premium you pay is a level premium which means they are designed to stay consistent year on year and will not increase each year based on your age. However, the premium rates that apply to the policy are not guaranteed. Your premium is set by the age at commencement but will change if you apply to change your cover, or the insurer adjusts the premium rates to all <product> (or the same group of) Policyowners.
  • We will send written notice of any changes to you (to your last address notified to us) at least 90 days before the effective date of change).
100

What are the 3 life insurance options available to add onto a life cover? 

Total and permanent disability (TPD) 

Childrens insurance

Serious illness

100

Who can apply for seniors' life insurance? 

Australian residents aged between 45 - 79 years. 

100

Can I increase my benefit amount?

  • No, you cannot increase the benefit amount, however you can take out an additional new policy subject to eligibility at time of application for the increased amount so long as the total sum insured across all of the same Funeral Insurance policies (product code) within the same brand do not exceed $15,000 in total per sum insured. All waiting periods will apply on the new cover and premiums will be based on your age at commencement of the new policy and may be different to your existing cover.
100

What are Rita's Dog's names? 

Bubbles and Zoro

200

A customer is wanting to use a third parties banking details to obtain a policy without their name on it, is this allowed?

No, the purchaser must use their banking details only. If they are wanting a third party to pay for cover this person will also need to be the purchaser as well as the payee. 

200

Will I pay tax on any benefit paid to me?/ Is my policy tax deductible? 

Generally, the premium will not be tax deductible and tax will not be payable on any benefit paid under your policy. Your individual situation may differ and you should seek qualified professional advice in relation to your particular circumstances.

200

what are the determining factors of the initial pricing for cover? 

Age

Gender

Smoking Status

200

What happens to my policy when I turn 100?

  • When a Life Insured celebrates their 100th birthday, cover for that Life Insured will end, and we will pay both the Funeral Insurance Benefit Amount (that was in force immediately prior to the Life Insured’s 85th birthday), and the Bonus Cover. For example, if a Life Insured’s Funeral Insurance Benefit was $10,000, at their 100th birthday, the Policyowner will receive $10,000 + 25% = $12,500.  
200

Which Roller recently got a new puppy? Bonus 50 points if you are able to give the name?

Cody, Puppies name is Oakley

300

What is the last bit of verbatim needing to be said before proceeding to collect banking details on a funeral sale?  

Are you happy to continue?

300

Can I take out the Children’s Option for my Foster Child?

Unfortunately, we are unable to add a Foster Child to the policy. For a child to be added to the policy they must be your natural born child, a stepchild, adopted child or you are the legal guardian of the child.


Foster parents are not considered legal parents or legal guardians so they are not able to cover their Foster Children as outlined in PDS. 

300

What is the First question asked in the seniors life UWA?

Have you been hospitalised for COVID-19 in the last 6 months or have you been diagnosed with COVID-19 in the last 7 days?

300

When can I make a claim?

  • You can claim from the date of an insured event, so long as any applicable waiting periods have already been served. i.e.:
    • Accidental death or Accidental Serious Injury – any time from the Policy Acceptance date
    • Death from any cause or Terminal Illness – at least 12 months after the Policy Acceptance Date.
    • Early Cash Out option – any time after the Life Insured’s 85th birthday
300

What is Jaren's Middle Name? 

Thomas

400

What % of all Hannover funeral claims were received between the 1st of July 2020 and the 30th of June 2021?  

98.89%

400

Who gets the benefit when I (life Insured) pass away?

N.B. Only Policy Owner can nominate beneficiaries “As the policy owner, you have the option to nominate a beneficiary or beneficiaries to receive benefits payable under your policy on your death. This enables those who you nominate to claim on this policy and receive the funds directly to their bank account in a timely manner. If you chose not to nominate a beneficiary or beneficiaries, the benefits will be made payable in the form of a cheque to your estate. This cheque will then need to be processed through the settlement of your estate with your financial institutions deceased estate processes.

400

A customer has had a heart attack and been admitted into hospital 5 and a half years ago, Will this customer be approved for cover? 

Yes, if it has been 5 years or more since being admitted into hospital for this condition the client is able to answer no to this question. 

400

Am I able to apply to waive the waiting period if I’m changing from a like by like product?

  • Yes, if you’re cancelling your existing <must be existing GFS brand or other Brand outlined in the Triple P> Funeral product and replacing with the new Funeral product you may not need to resit any waiting period already served, up to the sum insured previously. If the replacement cover exceeds your original cover, all waiting periods will apply to the increased amount. 
400

What does Youssef do for a side hustle outside of working at greenstone? 

Pressure washing/ cleaning

500

according to the governments money smart website how much does a basic funeral cost and how high can a more detailed funeral service range up to? 

4k for a basic cremation up to $15k for a more detailed burial service

500

What Standard and Poor's Financial strength does Hannover hold? 

AA- (Very Strong)

500

What is the Total benefit amount payable for a Seniors Life policy based on an accidental death? 

$600,000 based on the maximum $200,000 life cover. 

500

How does Accidental Serious Injury (ASI) work?

  • This benefit is available when a defined ASI event occurs within 12 months of an accident.
  • An ASI benefit is payable if the insured suffers one of the following conditions.
    • Blindness in Both Eyes (total and permanent, best corrected)
    • Deafness in Both Ears (total and permanent, best corrected) – including requiring cochlear implant.
    • Diplegia (total and permanent), Hemiplegia (total and permanent), Paraplegia (total and permanent), or Quadriplegia (total and permanent) / Tetraplegia (total and permanent)
    • Total and Permanent loss of use of Two specified limbs
  • Only 1 ASI Benefit Amount is payable per life insured.
  • The ASI Benefit expires for a Life Insured on the policy anniversary after that Life Insureds 75th birthday
500

What is the most recent video game Sam has been playing on ps5? 

Spider-man 2

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