Funerals are costly, the average price rising 28% in just 10 years, and they take planning and preparation to ensure families aren’t burdened with financial stress on top of the emotional stress caused by a death in the family. According to the National Funeral Directors Association, the average funeral bears a price tag of around $7,000 or more.
In North America, there are several different expenses factored into the overall cost of the average funeral. According to the National Funeral Directors Association, these costs will include:
The average casket costs around $2,400, but this expense can rise exponentially depending on the type of casket one desires. Some high-end caskets can go into the 5 or 6 figures. The casket is one of the highest expenses, and one of those some may not immediately consider.
If a viewing or visitation is desired, an embalming is a requirement. The cost of embalming in the United States is around $700 on average.
There are several variables associated with choosing a grave site or burial plot. Most plots will start at around $1,000, but this number can go much higher or somewhat lower depending on where a person wishes to be laid to rest.
The memorial service cost includes planning, obtaining permits, obtaining death certificate copies, holding remains, and coordinating with the service location. The memorial service, on average, can cost around $2,000.
In small newspapers, obituaries can cost very little, but if final wishes include publishing an obituary in a larger publication this can cost around $600.
The cost of using a hearse to bring the deceased to a funeral home and burial site will run around $300, but a service car or van is a bit more affordable at just around $130.
If the person wishes to be buried and marked with a gravestone, a flat stone will typically cost a little less than $1,000. However, more elaborate gravestones can cost $10,000 or more depending on the marker chosen.
If flowers are desired, this is a cost that can range widely. On average, funeral flowers can cost anywhere between $200 and $1,000. While flowers aren’t necessary for all funeral or memorial services, they are a common addition.
According to the Cremation Research Council, a direct cremation will cost around $1,100 but may range to $2,000 depending on facility and location.
Preparing For Funeral Costs
Even basic final expenses begin to add up, soon reaching levels that many middle-class families find unaffordable. Final expense insurance helps to protect families from accruing this debt, while still meeting all of the final wishes of a deceased loved one. If you’d like to learn more about final expense insurance, and what this type of insurance can do for you and your family, contact Living Legacy today.