How to Pay for a Funeral
There’s Help: The Family Support Loan
In times of need, we offer a low-rate Family Support Loan to help cover the financial burdens during a loss. You can use it to finance funeral expenses, including but not limited to: services, burial, casket, urn, cremation, mailings, bereavement event costs, and flowers. Interest rates depend on the term of your loan. Ask us about options that may fit your financial ability.
Typical Funeral Costs
Costs can vary widely, though a typical traditional adult funeral and burial can cost between $7,000 and $10,000, and can often be much more. Funeral cost breakdowns can be found on a number of funeral services websites. Even with minimal requirements and saving in certain areas, the expense can be a burden without available funds or insurance, especially if the death is unexpected.
The range of costs mentioned above includes items like funeral home services, burial in a cemetery (interment), and a headstone. Even if the choice is for cremation, burial may or may not be an added expense, and can include purchase of a burial plot or mausoleum space, headstone, and a one-time maintenance fee. These expenses alone may be anywhere from $4,000-12,000, depending on the choices made. If the family opts not to have an actual burial or cemetery plot, the alternative funeral home expenses will be much less.
Because many people find themselves without any of these sources—without access to the total funds required for a funeral—we have developed the Family Support Loan to help with just these types of expenses.
Before you become overwhelmed with bills or credit card debt, please call us and see how a Family Support Loan can help. We look forward to helping support you and your family in this time of need.
Make an appointment today to inquire about a Family Support Loan.