How To Protect Yourself From Rising Funeral Costs

How To Protect Yourself From Rising Funeral Costs

Most people don’t give much thought to what will happen after they die, aside from some curiosity about what people will say, or what song will be played. But if you stop and give some serious time and thought to just what happens at a funeral, you’ll realize one thing; this can get very expensive. How expensive can it be? There are certain factors to consider such as:

Body Preparation/Embalming


Coffin/Urn Purchase

Limo/Hearse Transport For Body & Family


And many, many other costs. Now, while you may understand conceptually that these things aren’t free, unless you’re a professional in the funeral industry, it’s unlikely you’ve been following pricing in the market. Once, many years ago, an average quality funeral could be financed on about $700. Today, that’s simply not feasible. A funeral does not cost $1000. It doesn’t even cost $5000. An average funeral in the 21st century may run as much as $10000, and, for the most elaborate funerals, the coffin itself may cost $10000 alone. And these costs continue to rise thanks to inflation and other economic factors. 

Additional Concerns 

On top of paying for the funeral itself, there may be other factors towards the end of a life that can also play a big financial role. In the event that someone dies of an illness, the medical costs alone towards the end can be quite significant. If there’s an estate that needs to be maintained and divided, there are legal and administrative costs associated with this. 

You have to remember that once you pass on, these financial considerations may no longer be “your problem,” but they will be dealt with. In most cases that means surviving family members now find themselves suddenly dealing with this surprise debt. If you don’t want to do this to them, and ease their burdens during a traumatic period of loss, what can you do? 

Planning Ahead 

The best thing you can do for yourself and your family’s peace of mind is be willing to plan for the future. Think about what kind of funeral you would like to have. Once you’ve got your general wishes in place, talk to one or more funeral directors about the finances involved in your final wishes, whether that’s burial or cremation. You may find as you see the numbers materialize, you’re making your own changes to your choices. 

When you’ve got the information and the numbers you want, now you can start to think about how to finance this. Savings can help if you’re willing, and to a certain extent, life insurance may also be helpful if you’ve still got an active policy. But the best way to protect yourself and your family from the sudden financial burden of a funeral is through funeral insurance itself. 

Also known as Final Expense insurance, this is a specific type of insurance policy that is designed to help finance funeral expenses. Because of that, it can be a lifetime insurance policy that never expires as long as premiums are paid. It’s also easier to get than life insurance since some factors—such as pre-existing conditions—that might bar a person from qualifying for life insurance are still negotiable with Final Expense insurance. 

We’ll Help You Choose 

If you’re uncertain about what is the best Final Expense insurance policy for you, we can help. Living Legacy is here to listen to your needs. Just contact us, explain what your situation is, and we can assess your financial, medical and funeral situation. Then we match you up with the policies, premiums, and insurance amounts that will provide you and your family with the financial protection you need for funeral expenses. 


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