What is the Early Payout Benefit with Apia Funeral Insurance?
Once you’re over the age of 85, the Early Payment Benefit lets you either keep your cover and continue to pay premiums for it, or cash it in early to receive an immediate payout of 120% of your average funeral cover excluding Bonus Cover and the optional Accidental Death cover. The Early Payout Option may affect entitlements to the age pension and other government benefits.