Final Expense Insurance Covering a Funeral
Determining how much final expense insurance or burial insurance is needed for covering funeral costs will depend on several factors.
Once you have chosen the best final expense insurance company you will need to run an audit on just how much coverage you need.
For example, how much money your funeral will cost will be determined in large part by the method you choose to dispose of your remains. Further, how extravagant and lavish your ceremony, or how simple and prudent, will also determine the price tag for your funeral.
Therefore, the first thing you need to decide is the disposition of your remains. There are various options available.
How much final expense insurance do I need to pay for my funeral?
When deciding how much final expense or burial insurance you need it is important that you have an idea of how you want your remains to disposed of. You may choose one of the methods below or click the source link to find some additional methods of disposing of your remains.
4 Ways to dispose of your remains
Cremation: Cremation is a favorite among many people as the chosen method for disposition of their remains. However, cremation has come under fire as it is not the “greenest” method available—the natural-gas-fueled fire, which reaches temperatures of 1,600 to 1,800 degrees Fahrenheit (871 to 982 degrees Celsius), releases carbon dioxide as well as trace chemicals such as mercury from dental fillings. As a result, resomation (see below) is being sought out by the more environmentally friendly.
The base price for cremation is about $550. However, once you include transportation, handling and other fees the price for cremation runs about $3,000. Source.
You can also have your remains placed into a biodegradable urn that will eventually grow into a tree. The Bios Urn is a fully biodegradable urn designed to convert you into a tree after life. Mainly composed by two parts, the urn contains a seed which will grow to remember your loved one. Bios Urn It probably works for alkaline hydrolysis as well.
Alkaline Hydrolysis: Also known as Resomation, is a water- based chemical resolving process using strong alkali in water at temperatures of up to 180C(350F) under high pressure only to safely and rapidly yet sympathetically reduce the body to ash. Source.
The base price for resomation costs $650. However, once you include transportation, handling and other fees the price for cremation runs about $3,000.
Natural Burial: Green burial, or natural burial, ensure the burial site remains as natural as possible in all respects. Interment of the bodies is done in a bio-degradable casket, shroud, or a favorite blanket. No embalming fluid is used and no concrete vaults are used. Source.
A natural burial will cost around $8,000, with a large amount of the savings due to the lack of an expensive casket. Fees include the grave space, cost to dig the grave, headstone, casket, funeral director fee, hearse, and facility costs. You may have additional costs such as paying for a Pastor or other Clergy to conduct the funeral and/or for flower arrangements, etc…
Traditional Burial: The body is prepared and embalmed. The body is then placed in a casket, often to allow grieving family members to view the body as part of a memorial service.
A traditional burial will cost around $10,000. Fees include the grave space, cost to dig the grave, embalming, headstone, casket, funeral director fee, hearse, and facility costs. Source. You may have additional costs such as paying for a Pastor or other Clergy to conduct the funeral and/or for flower arrangements, etc…
How lavish or simple?
Once you have decided on how you wish your remains to be disposed then you should consider how lavish or simply you wish your memorial service to be. You can go the simple route and have family or friends spread your ashes at a favorite spot, such as a beach or mountain. On the other hand, you could rent out the largest cathedral in town and have a huge memorial service, complete with catering. It really comes down to your preference which you should talk over with the beneficiary of your final expense insurance beforehand.
JustBuryMe is an insurance agency that focuses entirely on burial and final expense insurance, period!
Our primary goal is to help you secure the coverage necessary so that you can get on with your life with the peace of mind knowing your family will not be left with unnecessary financial hardship due to your advanced planning.
Give us a call today to find out the great burial or final expense plans your qualify for. We are here to serve!