While no one knows when we or a loved one will pass on, we can take steps now to help ensure that funeral costs and other final expenses will be covered when the time comes and help ensure a legacy of peace and calm.
FINAL EXPENSE COSTS
Funeral Costs Estimates
Professional services, embalming, visitation, etc.: $7,640
Metal casket: $2,500
Burial vault: $1,495
Cemetery Cost Estimates
Cemetery plot: $400-$10,000
Opening and closing of the grave (varies by cemetery): $300-$1,000
Graveside service fee: $220-$1,700
Range Of Estimated Funeral Expenses: $9,995-$24,700*
*AVG expense to cover: 2021 $15,000
Other Possible Final Expenses:
May include immediate household expenses, car loans, and loss of income.
Unlike an inheritance, final expenses are something none of us want to leave behind for a loved one. The goal is to share a gift- or legacy – rather than costs and expenses.
FYI: Social Security only covers a lump sum of $255 for those who qualify for final expense and the Veteran’s Administration final expense benefit only covers from $807 to $1,107 for a non-service-related death (if you qualify).
Final expense insurance is fast and easy and can make a world of difference at a difficult time.