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Average Cost of a Funeral

Average Cost of a Funeral

When you die, your family will likely desire to hold a funeral to put you to rest. These events are often quite expensive, therefore you should plan ahead to ensure that the costs are covered. If you are wondering how much the average funeral costs, here are the details.

Average Burial Cost

Funerals have a variety of separate costs that, when combined, can amount to a significant expense. A traditional burial requires purchasing a number of different products, such as caskets, headstones, and other items that will be used in the burial process. Your loved ones may also wish to hold a wake or memorial ceremony for you, which further drives up the costs. According to the National Funeral Directors Association (NFDA), a funeral with a viewing ceremony and burial cost an average of $7,640 in 2019. For individuals who request to be buried in a vault, the cost rises to an average of $9,135.

Average Cremation Cost

Funerals that include a cremation, rather than a burial, often cost less. According to the National Funeral Directors Association, the median cost for a funeral with a viewing and cremation is $5,150. The costs can be lowered if you opt to use a rental casket or alternative cremation container.

Rates of Cremation and Burial

If you are curious about which method is more common in the U.S., the answer is cremation. The NFDA Cremation & Burial Report of 2020 states that 37.5% of people choose burials, while 56% choose cremation. Burials are gradually becoming less and less common, while cremations are growing increasingly more popular.

Paying For Your Funeral

If you don’t prepare for your funeral costs, your loved ones may be caught off guard if you pass away unexpectedly. By investing in life insurance, you can ensure that they have the money they need to pay for your funeral. You can even work with a funeral home to negotiate the details of your funeral before the time comes.

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Get The Life Coverage You Need

If you die unexpectedly, you want your funeral to be paid for. Don’t wait to get life coverage. I can help you get started with the search for a life insurance policy that offers reasonable rates and benefits. To start shopping for life insurance, give me a call at 813-553-3822, ext. 102.