If you’ve started estate planning and preparing your end-of-life plans, you’ll need to know one key fact: how much an average funeral costs. Among other things, it will help you determine whether you need to purchase Final Expense or Preneed Funeral insurance to cover your funeral costs.
The figures below are national median and average funeral expenses in the United States. Prices vary significantly by state and by funeral details you choose.
If you’d like to compare the costs between burial and cremation and adjust the figures below to better fit your location, check out our funeral expenses calculator.
Funeral service details
Photo credit: iStock
Kelly Rayburn, AVP national sales and distribution at Wellabe, and Olga Villaverde, from Lifetime TV’s The Balancing Act, explain the importance of preplanning your funeral. While a difficult subject, advance planning can alleviate financial and emotional burdens for your family members.
More topics at thebalancingact.com
Wellabe offers life and supplemental health insurance plans to help you prepare for good days and bad. We’ll always be here to empower you to be well — well prepared, well protected, and well loved.
Search for grief support resources, such as in-person groups, online forums, and phone hotlines, available in your area.
If you’re weighing senior care options for yourself or a loved one, it’s important to learn what each type offers, which will work best for your situation, and what insurance will cover.
Consider these five things when selecting a senior financial advisor.
This age-by-age breakdown will help you know when to schedule health screenings, how to build up your savings, and prepare to live your best life during retirement.
Financial planning tips for seniors can differ between genders