The loss of a loved one is hard on relatives and friends, but in addition to mourning, there are also considerable funeral costs. But it doesn’t stop there, even a gravestone has to be paid for and costs a lot of money. Statutory health insurance companies no longer provide subsidies.
If the deceased is not already covered by death insurance during his lifetime, the relatives remain at the expense of the funeral. Weak families then have to borrow funeral expenses.
High costs can arise
Anyone who has ever financed a funeral knows what the costs can be. Several thousand USD quickly come together. This can quickly go beyond a financial framework and a loan must be taken out for the funeral expenses. One option is the undertaker.
Here, too, one knows about the financial worries of the bereaved, and that is why many funeral homes work with banks that provide a loan for the funeral expenses. Nevertheless, the surviving dependents should also check the offers of the independent banks, as this can save money.
Prevention is better
In order not to impose this not inconsiderable financial burden on the bereaved, everyone should take out a death benefit insurance if there is no life insurance. Such insurance costs just a few USD a month and covers the costs of a funeral.
The amount of the insurance sum can be chosen freely. The higher this is, the higher the monthly contribution. Death benefit insurance not only offers insurance companies, but also funeral homes.
In individual cases, the social welfare office also steps in for the costs. In this case, however, only the minimum equipment will be paid. It is to be discussed with the responsible clerk whether this money has to be paid back. In order to protect relatives from such difficulties, everyone should really make provisions during their lifetime. This saves borrowing for this purpose. After all, people should mourn the loss of their loved one and not the funeral costs.