There is a lot that goes into preparing a funeral. From the ceremony to the burial or cremation, numerous things accumulate to make up the funeral costs. The chart below shows the breakdown of the basic expenses that make up a funeral’s average cost.
Looking at the breakdown can be overwhelming, and even these costs aren’t exact figures and can vary across each state, funeral home, etc.
Your death will be an emotional time for your family, and dealing with the funeral arrangements might overwhelm them. Plus, if you are unable to qualify for a traditional life policy because of your health or medical history, a final expense is definitely worth looking into.
Here is why it’s worth it:
A final expense policy is the most cost-effective way to cover your end-of-life expenses without handing that financial strain over to your loved ones to pay out-of-pocket.