In 2023, average funeral costs range from $7,000 to $12,000 in the United States. This includes expenses like:
Cremations average $6,000-$7,000 including the cremation fee and basic urn. Cemetery plot, headstone, flowers and other add-ons are additional.
Over the decades, funeral prices have steadily risen. Lavish caskets alone can cost thousands. Given today's high price tag, it's wise for consumers to compare costs from different funeral homes and consider lower-priced options.
Pre-planning and budgeting for a funeral can greatly help minimize expenses for yourself and your loved ones. Even basic funeral services can strain finances when unexpected costs arise.
To keep funeral spending in check:
Knowledge is power when it comes to navigating funeral costs. Take time to educate yourself on reasonable pricing and selective choices to ease the financial burden on your family.
Life insurance provides an efficient way to pre-fund funeral and end-of-life expenses so your loved ones aren't burdened.
Final expense life insurance is specifically designed to cover funeral bills, medical debts, and other costs survivors may face. Also called burial insurance, it provides an immediate payout to beneficiaries upon death.
With the average funeral now exceeding $7,000, final expense coverage brings peace of mind. Your family can honor your wishes without worrying about high bills.
When shopping for burial insurance, look for policies with benefit amounts to sufficiently cover potential expenses, quick payouts to your beneficiaries, and pricing within your budget. Compare quotes to maximize value.
By pre-planning with life insurance, you can protect your family from steep funeral costs. Discuss options with an agent to put your mind at ease.