The death rate in the US stands at 9.3 deaths per 1,000 people.
From COVID-19 to natural causes, unfortunately, this fate awaits us all.
One of the biggest issues families deal with after the death of a loved one is the expenses.
The viewing, burial, service, transportation, cremation, and all other funeral preparations come together to cost somewhere between $5,000 to $25,000.
In most cases the estate may not be able to pay for the services right after death which means your family ends up bearing the brunt of these funeral expenses.
In this article, we will take a closer look at how much a funeral may cost, what your options are to avoid these costs, and take a look at the option of final expense insurance to help pay for these expenses.
Different Costs Involved With Funerals
Preparing for a funeral has a lot of costs in addition to the standard service fee, some of these additional costs are:
- Casket: $2,500
- Cremation casket: $1,300
- Urn: $295
- Basic service fees: $2,300
- Cremation fee: $368
- Embalming: $800
- Body cleaning and other preparatory services: $275
- Facility/staff fees: $550
- Hearse: $325
- Funeral van: $150
- Printed material: $183
- Service food: <$500
- Obituary: $200 - $500
There are different tiers of caskets, coffins, flowers, memorial stones, cemetery plots, and other miscellaneous services that can easily take a $7,000 funeral to $25,000 or more.
You can expect the total cost of your funeral to range between $5,000 - $25,000, depending on the services your family chooses to go with.
Simply put, funerals are expensive and should not be taken lightly.
That being said, if you or a loved one has final expense insurance, that can offset the cost for funeral arrangements.
- A low-cost (bold low-cost) funeral may cost $3,000 to $5,000,
- An average (bold average) funeral may range from $8,000 to $15,000.
- A high-end (bold high-end) funeral may cost you $20,000 to $30,000
Average Funeral Costs By State
The costs of funeral arrangements can vary from state to state and city to city.
The range of funeral costs in the United States is estimated at $5,000 – $25,000
Here are some estimates for basic funeral costs by state:
The Hidden Costs of A Funeral
Most people think of funeral costs as purely financial expenses. This is not always the case.
Emotional distress is another cost associated with a funeral that needs to be considered.
The emotional impact of your death may ultimately cloud the judgment of your loved ones.
Couple the emotional impact of your death with not having prior experience planning a funeral, and your loved ones can often overspend on funeral expenses.
There are two ways you can avoid over paying for hidden funeral costs:
- Hiring experts
- Burial insurance
Hiring an Expert
Hiring an expert to take care of the funeral arrangements is one of the best decisions you or your family can make to make sure they are not overpaying for funeral costs.
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The second way you can avoid over paying for hidden funeral costs is by getting burial insurance!
Burial insurance provides a cash benefit to the beneficiary of your choice and they can use it to pay for your funeral and other expenses. This ensures that your family doesn’t have to come up with the funds on their own.
Burial insurance can cover every cost associated with your funeral and burial. From a basic funeral all the way up to a premium funeral (up to $30,000!)
With rates in many cases as low as $1 per day, the cost for burial insurance is very affordable.
When shopping for burial insurance, it's important to know how much you qualify for, a reputable company such as final expense direct, can help you!
We understand that the rising costs of funerals can be intimidating.
With burial insurance from Final Expense Direct, you will have one less worry and be able to focus on honoring the life of your loved one in the best way possible.
Final Expense Direct has licensed agents available in your state that can answer any questions you may have and help you find coverage at a price that fits both your needs and budget.