No Life Insurance? Can you Afford to Pay for Final Expenses out of your own Pocket?

Life Insurance

Final expenses can come with a high price tag, and if there is no life insurance to help pay for this, you could be leaving those expenses on your loved ones. Unfortunately, death is a part of life and with that comes the cost of burial or cremation and also a funeral.

According to the website, the average cost of a burial and funeral is approximately $8,000 to $10,000 dollars and on the rise. Let’s take a look at some average prices for this final farewell:

· Casket - $2,300

· Funeral Director base fee - $1,500

· Embalming and body preparation - $600

· Funeral Ceremony and viewing - $1,000

· Miscellaneous - $600

· Grave - $1,000

· Cost to dig grave - $1,000

· Headstone - $2,000

· Grave marker - $1,000

Now that we have looked at a little information regarding traditional burials and funerals, let’s take a look at the average cremation price. Cremation is becoming more popular with individuals due to the cost being less expensive than burials.

Also according to the website, the average cost of cremation is much less expensive than that of a funeral. You can expect to pay between $2,000 to $4,000 if cremated through a funeral home. If being cremated directly through a crematory, you can expect to pay between $1,500 to $3,000. Please keep in mind that these prices do not include any viewing of the body by friends and loved ones. If the cremation occurs after a viewing, the cremation price through a funeral home would then be approximately between $4,000 to $6,000 and if through a crematory,would be approximately between $3,000 to $4,000.

After reviewing some average prices for both a traditional burial and cremation, my question to you is: Do you or your loved ones have funds available to pay for your final expenses? This is just one reason why having life insurance gives your family financial protection we all need.

About the author: Jim Marcinkewicz has been in the life insurance business for over 6 years. He is a big supporter of the American Red Cross and teaches both CPR and First-Aid classes. With two daughters in college, Jim knows the expense it takes to care for your family and enjoys helping others prepare their futures as well. You can reach Jim at 1-800-651-1953 or