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Sept. 2018 Data Reveals Surprising Truth About Cremations And Funerals

November 6, 2019

Did you know that the price for the average funeral has risen about 3 times more than inflation since 2004?1 Paying for a funeral or cremation can be a huge source of stress for grieving families. And when families cannot afford a funeral, the number of unclaimed bodies goes up, which happened during the last recession.2

Because we don't know what the future holds, we need to prepare for it the best we're able. This includes being informed about funeral costs in advance, and understanding how to save on those costs.

A September analysis found that the average funeral costs approximately $7,000 to $10,000. This does not include the additional costs involved in purchasing flowers, catering the funeral luncheon, helping visitors attend, and handling estate administration costs. Thus, staying informed about one’s options is very important.

One option is to set up a prepaid funeral plan with a funeral home. However, there are several risks that come with doing this: funeral homes sometimes mismanage their finances, and as a result, what you purchased may not be available at the time of the funeral. In addition, your plan may no longer be valid if you move. Furthermore, prepaid funeral plans aren't regulated to the extent that final expense insurance is.

A better option is to lock in a discounted final expense insured rate ahead of time. This will safeguard your family from pricing they cannot afford, while saving them money. Even if you have life insurance, you'll want final expense insurance for several reasons: most people underestimate the amount of life insurance they need, term life insurance expires, and final expense insurance doesn’t have the same strict health requirements.

Final expense coverage is a type of whole life insurance. This means that large financial institutions secure the coverage amount, and the government enforces the payout. Additionally, there's often no required medical exam, many pre-existing medical conditions are allowed, and coverage doesn't expire.

Final expense insurance is cheap because it’s easy to setup and straightforward. You’re able to lock in a price that works for you—it only costs about a few dollars a month, and it covers about $5,000 to $25,000, depending on the plan that you pick. Final expense plans also come with a 30 day money back guarantee—which you can pick instantly.

What's the next step? Simply search below to get final expense insurance rates from an available company. No more bargain shopping, talking to endless insurance representatives who try to sweet talk you into coverage you don’t need, or wasting money.

Dozens of life insurers provide final expense coverage. Which insurer will give you the best rate?

Step 1) Select your state below.
Step 2) On the next page, complete the 60 second questionnaire.
Step 3) You'll have the opportunity to compare a low rate in your area -- which can add up to hundreds or thousands in savings.

  • Select your state: