September 13, 2021
The emotional cost of losing a loved one can’t be quantified, and knowing how to say goodbye can’t be taught so much as learned. It can be a long and difficult road for many.
Offsetting the financial aspect of that struggle can be done.¹ Not through gimmicks or escapism, but through a real, tangible solution: Final expense plans.
A traditional funeral can cost up to $10,000. If that number seems a bit outrageous, look at how quickly some of the basic items and services can add up:
- Cost of the grave site: $1,000
- Cost to dig the grave: $600
- Cost of a casket: $2,300
- Cost of a grave liner/outer burial container: $1,000
- Cost of a headstone: $1,500
That’s already $6,400… and says nothing of payment of mortician’s services, use of the funeral home, the fee for the funeral director, the cost of flowers, and more details that one never thinks about until they’re in a position where they need to think about it. These costs will vary by geographic location, but one thing you can count on is that the emotional cost you or your loved ones experience later could be compounded with financial cost that could be avoided with a bit of careful preparation now.
In the face of losing someone you love, finances might be the last thing on your mind. With a solid final expense plan, you can keep it that way.
¹ “Funeral Costs: How Much Does an Average Funeral Cost?” Parting, Sep 13, 2020, https://www.parting.com/blog/funeral-costs-how-much-does-an-average-funeral-cost/