As we take time to mourn the passing of a loved one, the last thing we need or want to think about is the funeral cost. We also don't want to deal with the guilt of providing someone with a cheap, low cost funeral because we failed to plan accordingly. These are things one shouldn't have to think about during the bereavement period. That's why final expense insurance makes sense no matter who or how old you are.
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The Average Burial Cost is on the Rise
Like everything in our economy, the average burial cost is on the rise. Finding a low cost funeral is extremely difficult unless you cut major corners (like no casket, no preacher, and no cemetery plot).
A funeral needn't cost so much if you plan accordingly. With basic final expense insurance plans, you know exactly what the burial will cost years before you or a family member ever have to face the day in question.
A Low Cost Funeral Doesn't Make You a Cheapskate.
You can get the works and still have a low cost funeral if you plan right. Even an extravagant funeral can cost very little with the right final expense insurance policy.
Many plans allow you to select all of the details of the funeral well in advance. You lock in special rates and pricing now. So if you pick out a final expense insurance policy in 2005, but you manage to stick around until 2075, you end up paying 2005 prices.
BTW, How Much Should a Funeral Cost?
Although the exact burial cost will vary from person to person, you should budget about $7,000 for a funeral today. This price will certainly go up, so get insurance now. You'll just die if you miss out on an opportunity like this.
About the Author
Austin Brentley is an English teacher currently living and working in Yamaguchi, Japan. His previous experience includes working for a lobbying firm, in his native Washington, DC and for various record and television studios in New York. Austin holds a B.A. in history from Harvard University.
