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How Much Does a Funeral Cost and What Will Insurance Actually Cover?

When it comes to planning ahead, one of the biggest questions families have is: "How much does a funeral really cost?" and "Will final expense insurance be enough to cover it?" Let’s break it down.

 

How Much Does a Funeral Cost in the U.S.?

According to recent reports, the average funeral can cost between $7,000 and $12,000. This includes:

• Basic service fees

• Casket or urn

• Viewing and ceremony

• Transportation and burial or cremation fees

These life expenses can add up quickly, especially if you don’t have a plan in place.

 

What Does Final Expense Life Insurance Cover?

Final expense life insurance (also known as burial insurance) is designed specifically to help with end-of-life costs. It typically covers:

• Funeral costs

• Medical bills not paid by Medicare

• Unpaid personal debts

• Outstanding utility or housing bills

Your loved ones can use the death benefits however they see fit, reducing the financial burden during an already difficult time.

 

 

 

What’s the Ideal Coverage Amount?

Policies are often available in coverage amounts ranging from $2,000 to $25,000. A licensed agent can help you determine how much coverage you need based on your budget and family situation.

 

Do I Need to Pay My Premium Monthly?

Yes. You’ll typically choose a monthly premium that fits your budget. As long as you pay your premium, your policy stays active.

 

Can Final Expense Insurance Give Me Peace of Mind?

Absolutely. Knowing that your family won’t be left scrambling to pay for your funeral or your final life costs offers a lasting sense of security—for both you and them.

 

 

 

Disclaimer: This article is for educational purposes only and is not financial or legal advice. For personalized assistance, speak to a licensed life insurance agent.Need help getting started? Contact HackettLegacyInsurance.com or call to speak with a licensed advisor today.