The totals above represent the basic needs for final arrangements. Cremation fee (if firm uses a third-party crematory): $368Īdditional final expenses besides the burial, cremation and funeral.Here’s the NFDA’s breakdown of cremation-related costs in 2021 3: Facility rental and staffing for viewing and funeral ceremony: $965Īccording to the NFDA “the national median cost of a funeral with viewing and cremation in 2021 was $6,970.”.Embalming and other preparations of the body (if there is a viewing) $1,050.Removal/transfer of remains to funeral home: $350.Here’s the NFDA’s breakdown of burial-related costs in 2021 3: 3” You may have additional cemetery, monument or marker costs and charges for things like flowers or an obituary. If a vault is included, something that is typically required by a cemetery, the median cost is $9,420. In comparison, a funeral and cremation may be just over $6,000.Īccording to the National Funeral Directors Association ( NDFA), “the national median cost of a funeral with viewing and burial for calendar year 2021 was $7,848. All totaled, a funeral and burial may cost your family more than $10,000. One reason cremation is becoming more popular is that can be less expensive than burial. It’s estimated that by 2035 more than 50 percent of families will choose cremation 2. In 2021, 36.6 percent of families chose burial and a higher percentage of families, 57.5 percent, chose cremation 1. One of the biggest factors can be whether you want a burial or cremation. The amount of your final expenses depends on several things, including where you live in the United States and what kind of final arrangements you want. Although thinking about final expenses can be hard, knowing what they cost and making sure you have a life insurance policy big enough to cover them can help spare your family an expense they might not be able to afford. What will my Beneficiaries need to do when I pass away?Ĭall us with the policy number or as much information on the insured as possible.Final expenses are the expenses your family pays for your burial or cremation, and for other things you might want at that time, like a gathering to celebrate your life.Please call us for your specific policy options. Take a reduced death benefit to have a paid up amount. Have an extended term amount for a certain period of time.What happens if I can’t make my premium payments?ĭepending on the policy you have the following options.Please make sure to put LOAN PAYMENT on any mailed payments. We can set up monthly automatic ACH loan payments, call us for the form.Ĭheck or money orders mailed in. How do I make payments on my policy loan?.Please call us for available loan amount. If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents. How do I change the owner on my policy?įill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf.You have a 30 day grace period to make a premium payment before your policy lapses. What will happen if my premium payment is late?.All other forms of payment need to be called or mailed in. What payment methods are available to make premium payments?Īt this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.ĪCH or bank drafts can be set up for Automatic Monthly draft.
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