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 dem