Book a consultation with a Registered Insurance Broker in your city or town specialising in Funeral Insurance. Funeral Cover is a specialized kind of Life Insurance. The benefit is typically lower than standard life cover, and more expensive, but it is paid soon after the insurer learns of the death of a loved one. This means it can be available to cover the costs of the funeral, where life insurance might pay out too late. Funeral plans also often cover more than one life in a single policy, for example an entire family can be covered with a single premium.