Funeral expenses often come as a shock to grieving families and can compound grief when financial insecurity is added into the mix. Many people don’t have funds readily accessible and may have to dip into retirement savings, 401k funds, or even take out a small funeral loan if they have no assets.
Funerals are an important celebration of life, but they can also be a financial burden to those in charge of arranging them. Most people don’t give much thought to funerals until they have to, like after the death of a loved one. When this happens, they may feel astounded by typical funeral costs. The median funeral cost in the United States starts at $9135. This does not include the cost of the burial lot, which can be as much as $10,000!
A Loving Gesture
The best way to protect your family from financial suffering after your death is to have a plan in place before you die. This can be done very affordably with a Final Expense Whole Life Insurance policy. This will ensure that these costs, and any other remaining expenses, are taken care of.