You can anticipate about $9,000 in total funeral expenses when you pass. But you should consider other costs, too. Unfortunately, some people die with substantial amounts of unpaid debt, due mortgage or rent payments, utilities, car payments and more. Social Security does offer a payment of $255, but this won’t get you very far.
Final expense insurance is a way to cover your loved ones’ financial areas once you’re no longer around. Plus, it forces you to talk about difficult things like death and funeral planning. If you want your ashes spread in a certain place, your family will be able to carry out your wishes.