Funeral costs have more than doubled in a decade, now starting at $6,000 and easily reaching $10,000 to $20,000 with cemetery plots and receptions. Medical bills, legal fees, and taxes pile on top, all due within days of death. Final-expense insurance covers what families can't afford when someone dies.
Chapters
Remember the last funeral you attended? Well, according to the Federal Trade Commission, the cost of that funeral was at least $6,000 just for a simple casket, the cemetery vault, and the mortuary service, which is more than double what it was only 10 years ago. But that funeral might have cost as much as $10,000, $15,000, or even $20,000 if you add in the expense of a cemetery plot with a headstone, the the expense of the hearse with a limousine for the family, and the expense of a memorial service with a reception afterward. What's more, in addition to the cost of a funeral, there are other end-of-life expenses, including medical bills, legal fees, and income taxes, that can amount to as much or even more than the funeral expenses. And when each of us reach the end of our lives, most of these expenses must be paid within a few days of our demise. But if sufficient funds are not readily available, many families are forced to max out