Hey there! Thinking about funeral insurance? Good on you—it’s a smart move to give your loved ones peace of mind (and keep things stress-free when they need it most). One of the most important steps in setting up your policy is nominating a beneficiary—the lucky person who’ll receive the payout when the time comes.

At Dollar Insurance, we keep things simple (because who needs more paperwork?). Here’s your quick guide to picking and nominating the right person to handle things.

What’s a beneficiary anyway?

Great question! A beneficiary is the person that gets the payout from your funeral insurance. They can use the funds to cover your funeral costs, sort out unpaid bills, or just ease some financial pressure.

Tips for picking the right beneficiary

Choosing someone to handle this responsibility can feel big, but here are some tips to make it easier:

1. Keep it in the family (or not): Most people choose a spouse, child, or close family member, but you’re the boss here. It’s all about who you trust to handle things.

2. Have a chat: Let your chosen person know they’re the VIP of your policy. A quick chat can help clear up any questions or expectations.

3. Be crystal clear: Include full details (like their name and relationship to you) to avoid mix-ups.

4. Plan for life’s twists and turns: Got married? Had a baby? Divorced? Life happens! Don’t forget to update your beneficiary as your circumstances change.

How to nominate a beneficiary with Dollar Insurance

We make this process so easy, you’ll wonder why you waited so long. Here’s how it works:

1. When you sign up: During your quick online application (yes, it’s that simple!), you’ll be prompted to fill in your beneficiary’s details. You’ll need their full name, date of birth, and relationship to you.

2. Need a change? No problem: Decided to switch things up? Just give us a call or shoot us an email to update your details—easy as.

3. Keep it accurate: Double-check their contact details are current. It’ll save everyone time down the line.

4. Get confirmation: Once your nomination is set, we’ll confirm it with you, so there’s zero confusion.

Why it’s a big deal

Here’s the thing: if you don’t nominate a beneficiary, the payout might get tied up in legal mumbo jumbo (a.k.a. your estate). That means delays, stress, and extra paperwork for your family—no thanks!

When you nominate a beneficiary, it’s all smooth sailing:

• Funds go straight to the right person.

• No messy delays.

• Your loved ones can focus on what matters.

Wrapping it up

Choosing a beneficiary for your funeral insurance is a small step that makes a big difference. At Dollar Insurance, we’re here to help you sort it out for just $1 a day—because peace of mind doesn’t have to cost the earth.

Ready to tick this off your list? Let’s make it happen today.

Get in Touch

📞 Call: 0800 226 223

📧 Email: hello@dollarinsurance.co.nz

Funeral insurance made simple. Dollar Insurance—because your loved ones deserve it!

 

Disclaimer: The information provided in this article is of a general nature only and does not take into account your personal situation or goals. You should consider whether the information is appropriate to your needs and seek independent financial advice, if required, to ensure an insurance product is suitable for you.

Any product information is correct at the time this article was published. For current product information, please visit the Dollar Insurance website.