Although no one particularly enjoys planning for a funeral, it is a reality that must be faced. With funeral costs in the United States reaching well over $6,000 on average, there are plenty of reasons why you would want to prepare for a funeral in advance.
After all, the last thing you want to do is to leave your loved ones with a burden of debt.
Which is why it is so important to put a plan into place. However, before you decide to purchase the first policy that comes your way, there are a few things you’re going to want to know.
1.) It pays off to shop around
It is common for many people to pick the first funeral home they come across. Whether it is out of convenience or because it’s the place where their family has always used, few people explore their options.
However, this is by far one of the biggest mistakes you can make when it comes to final expense insurance. Comparing prices from providers can save you hundreds if not thou
While funeral home directors may tell you that they have the lowest prices possible, it’s always a wise move to double check. After all, a funeral is no small expense.
2.) Cremations can save you significantly
Did you know that cremations on average cost half of what a traditional funeral costs? In fact, cremation services on average only run about $3,000 with an urn costing as little as $30.
While funeral home directors may try to upsell you on full funeral services, keep in mind there is nothing wrong with opting for a cremation. Saving you and your family potentially thousands, cremations can be an affordable option.
The key takeaway here? If you think a cremation is an option you want to explore, do not hesitate to do so.
3.) You do not have to purchase products directly
Sure, funeral home directors make it convenient to purchase products directly, but that doesn’t mean you should. While you can certainly purchase plenty of high-end (and often overpriced) caskets from funeral homes, you can also purchase from other sources.
For example, did you know that you can save significantly by purchasing items such as urns and caskets online? Not to mention that you can also save by price checking various retailers in your area as well.
Remember, just because it is available through a funeral home does not mean it is the best option.
4.) You do not have to spend a fortune on a casket
Just as you do not have to purchase products directly from a funeral home, you also do not have to spend a fortune on a casket. Contrary to popular belief, it’s not necessary to spend thousands of dollars.
In fact, if you want, you can find a basic casket such as a pine box for as little as $500. Now, if you’re looking for a full-scale mahogany or bronze casket then go for it, just keep in mind that this is a personal decision to matter.
The reality is that there is no right or wrong universal answer here, it is about what is best for you and your loved ones.
5.) Funeral directors are business people first
While countless funeral directors may have honorable intentions, it’s also important to remember that they are also business people first. After all, funeral home directors are not clergy.
While funeral home directors can conduct services, at the end of they are running a business.
This is not to say that funeral home directors have bad intentions but rather to show you just how critical it is to be objective as possible Although it can be an emotional process, by taking a critical comparison of your options you’ll be able to maximize your options.
Have questions when it comes to funeral planning or just final expense insurance in general? If so, be sure to check out Final Expense Insurance Blog for more answers.