It’s estimated that at least 6 million global citizens have perished due to Covid. Whether they passed away due to the virus itself or a related cause, none of them were likely prepared for it.
The truth is that no one wants to think about their inevitable passing. If you have loved ones, though, then you need to. That’s because the average cost of a funeral is likely higher than you think.
You don’t want to leave your loved ones unprepared to handle that burden.
Read on to learn more about the cost of funerals in 2022 and how to manage it like a pro.
The Average Cost of a Funeral
Before we get into how funerals get paid for, you likely want to know how much they cost. The cost of a funeral depends on the type that you want.
Traditional funerals involve a casket burial. Usually, there is a viewing before the deceased gets buried. According to the National Funeral Directors Association, a funeral costs about $7,848.
You can always opt for other options, like cremation. The average cost of a funeral cremation is about $6,971.
Recently, there’s also been a new interest in green funeral options. For these options, you need a burial plot. Then, the deceased will get buried in a green casket. This type of funeral costs about $2,000-$3,000.
Who Pays for Funeral Costs?
Now that you know the average price of a funeral, you likely want to know — who will pay for it? Clearly, the deceased won’t be able to pay the funeral costs unless they did so before they passed on.
If arrangements weren’t made, then there are a few ways a funeral will get paid for:
- By the deceased’s estate
- By the deceased’s spouse
- By the deceased’s surviving loved ones
If the deceased had insurance, then it’s also possible that the funeral will get covered by them.
Why Burial Insurance is a Good Option For Most
Burial insurance is a great option for most Americans. By investing in your funeral ahead of time, you’ll provide peace of mind to your family.
When you pass on, the insurance company will provide your loved ones with a check. This check should cover all the costs of your burial.
Make Your End of Life Plans Before the Inevitable
The average cost of a funeral is far higher than you might expect. It’s also a shock to many to even realize they’ll have to pay for their own deaths! No one wants to leave that type of burden on their surviving loved ones.
That’s why many individuals opt to take out burial insurance. Others put money aside to help cover those costs on their own. Many more, though, have no end of life plans at all.
Don’t end up leaving the responsibility of your burial to your loved ones. Make a change now. If you’re ready, then we can help. Request a free quote on our website now to learn more about how to prepare for the inevitable.