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Funeral Expenses

Although you may not want to think about dying or having to bury a loved one, you should make plans for what is sure to come.

As we all know, death is just as much a part of life as being born and living. Eventually, we will all face death and regardless to how much we try to put it off, it is going to happen sooner or later. This is a fact because death is one of life's most bankable certainties.

There is a misconception that most people don't think about dying. Actually, at one time or another, most people do think about their own death. If this wasn't true, no one would bother about purchasing life insurance policies or getting involved with other burial plans.

Funerals can get very expensive. The Federal Trade Commission (FTC) recently issued a report which stated that most people don't have a clue about funeral expenses and the report also states that a funeral can be the third or fourth most costly expenditure that a person we will ever pay.

It is estimated that the average cost of a funeral runs between $6,000 and $10,000 dollars. Of course, a funeral can cost more, much, much more, and there are those that cost less. Like everything else, the cost of funerals keep going up and if you haven't had to handle funeral arrangements lately, the costs may be somewhat of a shock.

How an individual is laid to rest has a lot to do with planning and thinking ahead. Planning for the eventual death of loved ones, and yourself, should be taken seriously and should not be left to chance. It is difficult to make wise decisions while in a state of grief and not having enough money to bury a loved one is very burdensome.

The worst case scenario is to find that a loved one has died without life insurance or without the necessary funds put aside to pay their own funeral expenses. This causes stress, disbelief, and in many cases, feelings of anger towards the deceased. Having to raise money to pay for a funeral may also cause friction between family members. Some may not have the money, or may not be willing to help. This may cause problems that can last for years.

Most people try to buy and maintain life insurance policies in one form or another or pay for their funeral expenses in advance, especially if they have children. However, if you have a life insurance policy, you should make sure that it is enough to pay for all the costs.

You may have bought your life insurance policy 30 years ago when funerals were much cheaper. At today's prices, the policy you have may not be enough to cover all the basic expenditures.

Also, most funeral homes are legitimate places of business and will help you through your time of grief, but you should understand that their business is to make money. They may try to sell you services that you may not want or need. Some expenses are unavoidable, but you should question all costs and you don't have to buy everything that they try to sell you. Just because there is an insurance policy, you don't have to spend all of it on the funeral unless it is necessary.

This is why planning for what is surely to come is so crucial to all of us, especially in today's economic climate. Nothing is more certain than death, and everyone should make preparations to meet their final obligations. A good plan can make a big difference in the amount of grief your family will have to endure.

The best information about funerals come from people who have recently buried a loved one. Some people may not want to share that information but many will gladly discuss the costs. And most mortuaries and funeral homes will gladly provide you with a list of their prices.

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