Funerals cost between $7,000 and $12,000, on average. Choosing cremation or burial will make a big difference in your costs, but the funeral ceremony itself comes with many expenses.
What goes into the cost of a funeral?
It starts with the basic funeral services fee. Every funeral home in the U.S. can charge this fee for the standard services they provide, such as acquiring the necessary documentation and sheltering the remains. A typical funeral service fee will cost around $2,300.
To rent the funeral home for a viewing or the funeral ceremony, you will pay additional fees to cover the price of the venue and staffing. Embalming, cosmetic services and transportation for the remains have individual charges. Many funeral services involve flowers, wreaths, and pamphlets or other printed materials, and those come with a separate cost.
Some of the most expensive costs that come with a funeral are for the casket. If you have a burial, add the cost of a burial plot, vault, and headstone or grave marker.
Do not feel pressured to buy items from the funeral home: you are free to purchase from third-party vendors.
Not everyone has $10,000 saved up for these expenses. If you don’t know how you will pay for your funeral, consider a life insurance policy made specifically for your needs.
Final expense insurance can help you pay for your funeral costs. When you purchase a final expense policy, you can choose between $2,000 and $25,000 in coverage. Your loved ones can use that money to pay for your funeral, and any money left over can be used to pay medical bills and debts, or for anything they desire.
If you need help paying for the cost of your final arrangements, speak with one of our advisors to learn more about final expense coverage.
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