Life insurance is a simple and cost-effective way to make sure your family will have the money to cover the costs of your funeral services and pay any outstanding debts. It will also make it more likely that your funeral plan, if you have one, will be carried out the way you want because the costs and expenses of it will be covered ahead of time when you choose what amount of policy benefits are most appropriate.

Life insurance can be used to leave an inheritance for family and friends as well as help pay funeral expenses. This is why life insurance is important to get.

The average cost of a funeral can vary from $4,000 to $9,000 depending on what geographic area of the United States you live in and the type of funeral. For many families, especially if the passing of a loved one was unexpected, the unplanned cost of a funeral can be a huge financial burden. While there are many ways to finance a funeral or end-of-life plans, including life insurance, funeral insurance, the estate, donations, government benefits, one method families may want to consider is a funeral loan.