Jul
20
2009
How to plan an affordable funeral
Author: Byron UdellLast week I wrote about the importance of having term life insurance to cover pricey funeral expenses, but now I’d like to go over with you how to plan an affordable funeral.
The average cost of a traditional funeral is about $10,000. It’s one of the most expensive consumer purchases. However, there are ways to save your family the burden of paying such steep out of pocket expenses – especially if you didn’t have a life insurance policy or they need to use the money from a claim for other financial obligations. Look at the tips below. They may help your family save thousands of dollars in funeral expenses.
- Plan ahead – By nature, most people don’t like to think about their own funerals. However, by shopping around now you can identify the most affordable funeral expenses, such as funeral homes, caskets, transportation, etc. Talk these expenses over with your family now to ensure they don’t spend more than they need to on the funeral.
- Keep it simple – There are many elaborate options available to you, such as the casket, headstone, urn, etc. However, there are also many affordable options that will not cost your family a fortune. When shopping, make the sure the funeral director is showing you all available options.
- Be aware of funeral industry laws – By law, funeral home directors are required to disclose all pricing information. Keep on top of industry news to ensure your family is not deceived while planning your funeral. One thing that most people don’t realize is you don’t have to buy a casket from the funeral home. By law, they must allow you to bring in your own casket if purchased elsewhere.
Just like I’ve said comparing term life insurance quotes online is the best way to save money on life insurance – I suggest doing the same for funeral expenses to ensure your family doesn’t spend more than they can afford.
Use the Internet to compare life insurance rates and make sure you’re getting the best deal. In a matter of minutes you can have several life insurance quotes from top-rated companies.
