The average prices you typically see when looking for a traditional funeral only cover burials, and don’t include several of the other costs — casket, transportation, viewing and embalming, among others. According to the most recent research from finder.com, the national average for a burial site is $6,723.92. However, in New Jersey that shoots up over $400. And there are other costs involved. Average cost of a funeral in New Jersey On average, a burial in New Jersey costs $7,137. That brings the average cost of a traditional funeral in New Jersey to $11,371. Average cost of cremation in New Jersey An average cremation with services in New Jersey runs about $3,979. An urn...
Continue reading...
Sometime between discovering our baby lacked a heartbeat at 35 weeks and delivering her hours later, we were asked by doctors if we wanted an autopsy and genetic testing completed. They would ask me and my husband, Donald, several more times before the night was over, as we lay in shock from our new reality. The only response I could formulate was: How much does it cost? No one seemed to know the answer. Next: “Did you look over our resource booklet? There’s a lot of good information in there.” Then came the indirect, elephant-in-the-room question: “Have you given any thought to what you want to do?” the doctor asked. I looked at her in confusion, then slowly realized we had to bury our...
Continue reading...
Burial Insurance is really a life insurance policy which generally covers people up to the age of 100 years. (If you’re wondering whether there’s a difference between burial insurance and funeral insurance – well, there isn’t, two names one thing – ok?). Burial insurance policies are generally sold as a way to pay for your burial expenses when you die, so that your loved ones aren’t left with the financial burden – funerals don’t come cheap you know? Burial Insurance premiums can be typically collected weekly or monthly, and when you die there will be a pre-determined amount of money available to pay for all of your funeral expenses. Of course...
Continue reading...
One of Lena Arbee 's greatest fears was saddling her relatives with funeral costs - as her daughter did in 1979 when she died as a young mother and the family couldn't afford a headstone. So Arbee bought what many low-income African Americans born, like her, in the South in the early 1900s did: burial insurance. It would take care of all her funeral needs when she died, she told the five grandchildren she raised in San Leandro after their mother died. But when Arbee died in 2007 at 85, her two burial policies didn't cover even half of the $9,000 funeral - even though over the 28 years she had held those policies, Arbee paid more than $7,000 in premiums. If she'd shopped around, consumer...
Continue reading...
What Is Burial Insurance and Why You Need It? It's not cheap to die. Funeral homes, headstones, cremation and all of the things associated with death are often considered morbid. That doesn't make them cheap, though. Burial and cremation can cost more than you think, so that's why considering burial insurance can be a smart way to ease the financial burden after the death of a family member. Just how much burial insurance you need can be tricky to figure out. In 2017, the average funeral costs were between $8,000 and $10,000 but that doesn't include the cost of a burial plot or the digging of a grave. Of course, what you pay can vary by where you leave. To make matter even more complictated...
Continue reading...
This guest post is by Anthony Martin, owner & CEO of Choice Mutual, an independant nationwide agency specializing in final expense and burial insurance. You might not have realized this, but once you turned 50, you began to receive targeted offers for burial insurance. It does not matter where you go or what you do, companies will forever find a way to get their burial insurance ads in front of you. Whether you like it or not, they will do so for the rest of your life. They’ll use the TV, they will send you direct mail pieces that hit your mailbox multiple times per week, and there are thousands of online articles and paid ads that mysteriously follow you around online. Perhaps...
Continue reading...
Can I get insurance for my parents? EFES Online 2017-04-05T15:37:53-06:00 BUYING BURIAL INSURANCE FOR PARENTS Many seniors have the means and the willingness to buy elderly insurance, such as Burial Insurance, and leave no financial liabilities for their dependents and loved ones. However, in some instances, our elders may not be in a position to purchase this insurance themselves. For example, they may be afflicted by a severe disease or simply may not have the financial means to pay insurance premiums. In such instances, you, as a dependent, *may be able to purchase elderly insurance that covers your financial expenses upon the passing of your parents. The passing of a loved one results...
Continue reading...
What is Burial Insurance? Burial insurance is often referred to as “final expense insurance” or “funeral insurance.” You could possibly need burial insurance at the end of your life. Coping with death is very difficult for families. They are forced to make burial decisions at the last minute. Families often find that hidden costs come along with mortuary services. Burial fees may not be included in mortuary services that are purchased upfront. If you have burial insurance, then you will be able to rest assured that your family will be able to pay for the burial services. Burial insurance insures that your family members will be protected from unexpected expenses. When you buy burial...
Continue reading...
When it’s your time to go, imagine getting all your funeral expenses paid up to $35,000. That’s the promise residents in one metro area got in the mail…but the offer apparently isn’t all it’s cracked up to be. Beware of this burial insurance offer According to the Better Business Bureau, St. Louis residents have reported receiving an offer in the mail saying they may ‘qualify for a state-regulated program to pay for your final expenses.’ The mailer goes on to promise that this ‘life insurance benefit…will pay for 100% of all funeral expenses up to $35,000.’ But what isn’t made clear in the solicitation is that info collected...
Continue reading...
Ask the Life Insurance Expert What are some ways other than prepaying for a funeral to make sure the expenses are paid when I die? I don't know that I want a full out life insurance policy. If you don’t want a traditional life insurance policy, consider purchasing burial insurance (also known as final expense insurance). Burial insurance is a life insurance policy with minimal benefits compared to standard life insurance policies. A small, traditional funeral with burial costs can easy run around $10,000. You’ll find burial policies as either term life or whole life. If you want to make sure the policy lasts until your death, choose a whole life product. Unlike most...
Continue reading...