The death rate in the US is 9.3 deaths per 1,000 people. From COVID-19 to natural causes, death is an inevitable part of life. One of the significant challenges families face after the loss of a loved one is the financial burden of funeral expenses.
Funeral costs include a range of services such as viewing, burial, service, transportation, and cremation, which can total between $5,000 to $25,000. In many cases, the deceased’s estate may not be able to cover these costs immediately, leaving the family to bear the financial responsibility.
This article explores funeral costs, how to manage them, and how final expense insurance can help alleviate these expenses.