A death in the family is an awful situation so many people have faced before. Nothing good comes from it in the short term, and it can be an emotional mess. Unfortunately, there are matters that must be handled quickly. This is, of course, the funeral arrangements. A modern funeral costs anywhere between $7,000 to $10,000 after everything is said and done. The funeral director fee is $1,5000 in itself. Other prices include the $500 embalming fee, the grave digging cost that averages $600, and the headstone itself which reaches in the range of $1,000 to $4,000.
This is big money. In actuality, this is a serious expense that few families have just sitting there waiting to be spent. This is especially damaging considering the death in the family was certainly close and traumatizing, and funeral arrangements are often the last thing a family member wants to deal with in this emotional time.
This is where life insurance comes in. It relieves the financial and emotional burden of planning a funeral. By offering a budget and working with the funeral director, the best insurance will handle the small decisions and leave the big stuff to the surviving loved ones. The family can collaborate as deeply or as distantly as they would like, and the insurance will usually accompany any particular needs.
This is what axa offer in a general insurance situation. They will cover the majority of costs related to the funeral, including the aforementioned director cost and the costs that cannot be avoided. There are costs that go with a funeral that are grossly forgotten about, but they add up none the less. How about the obituary cost? What about the grave space itself? Flowers can add a little to the cost.
At the end of the day, this should not be a major concern. Family should be allowed to focus on respecting their loved one without keeping close tabs on their wallet. This is a gift from an insurance company. The gift is an anxiety and stress free funeral that focuses on what matters and not on the bottom dollar. The insurance ends up being worth every penny.