How to Plan for Funeral Expenses
Losing a loved one is always hard, and the unexpected grief and loss can be extremely difficult to cope with. On top of that, the mounting costs of a funeral can also be surprising, and unfortunately, sometimes with hardship. The average cost of a funeral in the U.S. adds up to a whopping $9,000, with American funeral costs coming to a total of $1.6 billion in 2017 alone. So how do you plan for unexpected funeral costs? Even if you’re not planning on losing a loved one, there are ways to make the costs of a funeral less of a burden. Here are some tips and tricks to consider when planning a funeral to help you keep funeral expenses down: Insurance. Look into insurance options to help you pay for the final cost of the funeral. If the deceased has purchased life insurance with a death benefit, you’ll have a significant amount of money to help you pay for funeral costs. You can also invest in burial insurance, which is designed to help you pay for funeral expenses, however, different...