What is the cost of dying?
The cost of dying refers to the expenses incurred on funerals, burials and the disposal of one’s body. How much you pay for these expenses is more than likely up to and decided by your survivors. The cost of funerals varies enormously depending on the state where you live and the location of your home in the city. But on an average, the cost of burials lie anywhere between $5,000 and $10,000. However, there is a solace in cremations, which cost considerably less ranging from $2,000 to $5,000. It is the duty of the life insured to make provisions for these funeral costs while determining the amount of life insurance to be purchased. It is ideal to converse with your spouse if you have one or to your parents if they happen to be your survivors, or at least you can talk to your children if they are old enough, about expenses associated with the funeral. The talk may not be easy to begin with, but it is in your own interest to persuade them to listen to you. The advantage in the life insur
