After experiencing a death, a person will go through an emotional grieving period. The icing on the cake for the unlucky is being burdened with a hefty funeral bill while trying to work through the emotional turmoil of the loss. Not only will they be required to suffer emotional stress due to grieving, but the financial stress on top of it. The best way to avoid burdening your family with a funeral bill is with funeral insurance.
The Costs Associated With A Funeral
For those who have never had to plan a funeral, the sheer number of costs and factors to consider can be alarming. To break down the cost of the average funeral, some financial considerations should include:
After a loved one passes away, they will need to be embalmed. Embalming will cost a ballpark estimate of around $500.
The casket the body will be placed in will cost an average of $2,300. Caskets can range widely, however, and simpler or more intricate caskets can be much less or much more than that.
The average cost of a burial site is around $1,000.
Funeral director services
Funeral director services will average around $1,500.
Cost of a funeral home for service
For the use of the funeral home for the service itself, one can expect to pay around $500.
Digging of the grave
The digging of a grave will cost around $600. This may be higher if the ground is frozen and requires special equipment during the time of digging.
The cost of a grave liner or burial container will run around $1,000
Cost of headstone
Like caskets, headstone costs can range wildly. For something monumental, the costs can be as high as $10,000 or more, but the average headstone will run around $1,500. A simpler small headstone may be a bit less expensive, around $1,000.
When you tally all of these costs together, the overall cost of the average modest funeral alone is around $8,900, and this figure does not include a wake or memorial luncheon, flowers, or an obituary in the local newspaper.
What Can Funeral Insurance Do For Me And My Family?
With funeral insurance, your family will not have to incur the costs of your funeral, and they won’t need to worry about how they’re going to pay to give you the memorial you deserve. Funeral insurance covers all aspects of the funeral and gets you the money you need right away. Unlike life insurance plans, which often reimburse families months later, funeral insurance ensures your funeral will be able to be paid for up front and in full.
With the average cost of a funeral in 2018 ranging from around $8,000 to $9,000, a $10,000 funeral insurance policy is perfectly sufficient for many. To reach this $10,000 insurance threshold is quite affordable, costing an average of around $30 to $50 per month for an invaluable peace of mind. To learn more about what funeral insurance can do for you, contact Living Legacy today.