Nobody really likes to thing about the death of a loved one, and the topic is uncomfortable. However, the reality is that funerals are very expensive in the US, and when people do not plan for the inevitable, a sad time can be even more stressful. While US funerals average about $8,000, many familes do not have the cash around to pay for one.
There are different ways to plan for burial expenses, and of course the best way is to have the cash handy in an interest bearing acount. If that isn’t possible you may want to look at burial insurance for seniors, which is basically a low face value whole life insurance policy that is designed to be easy for seniors to qualify for. They are also designed to be affordable for most seniors, or for their families. A monthly bill seems easier to handle than one large payment.
If you are curious if a burial plan is right for you, and your families, look at final expense insurance rates. And since these plans are usually based on whole life insurance, you may want to get whole life insurance explained.
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