We know funerals can be both mentally and financially stressful given the typical traditional funeral costs an average family about $8,000–$12,000. Our burial and final expenses calculator can help you understand why a funeral costs as much as it does.
Our burial and final expenses calculator can help you understand the types of services you’ll need to prepare for, as well as average costs for each.
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The results are hypothetical based on your input. Your results will vary. Any rates used are for illustrative purposes only and does not represent performance of any actual financial vehicle/strategies.Neither New York Life Insurance Company not its agents provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.
Consider burial and final expenses insurance
These policies typically cover most costs relating to a funeral, helping to ease financial and emotional burdens during an incredibly stressful time. They are a prudent way to protect your loved ones.
When funeral insurance isn’t enough.
Your family’s financial concerns will continue long after the funeral. Setting financial goals beyond burial costs can help leave a lasting legacy and provide security for your loved ones. That means making sure you’re protected by life insurance, whether it’s term or whole life.
Protection from rising costs.
Over the past 30 years, funeral expenses have risen over 227.1 percent.1
Protect your heirs with life insurance.
In addition to paying for funeral costs, you can leave your loved ones a real legacy.
More information and resources.
We have the tools and products you need to help you plan your financial future.
Whole life insurance
In addition to a life insurance benefit, whole life also offers a growing cash value for all of life’s needs.
Term life insurance
Term life locks in immediate protection and can be converted to permanent coverage in the future if your life changes.
More details on funerals
Read more about what to expect when planning a funeral.
1 Information sourced from https://www.bls.gov/opub/ted/2017/the-rising-cost-of-dying-1986-2017.htm