How to plan a funeral on a budget

Lantern It works in pre-bereavement and post-bereavement planning, providing guidance and support for managing life before and after death. For eligible Haven Term policy holders, full premium pre-plan membership and one-on-one post-loss counseling services are available at no cost through the Haven Life Plus upgrade, a suite of bonus services. Find out more here.

Disclaimer: Burials, cremations, and funerals are regulated by state and laws vary. Consult your funeral director or cremation service before making plans.

When a loved one dies, there are many reasons why you may want to avoid spending money. You may not know the state of your loved one’s finances, for example, what kind of inheritance they left behind. (Like whether the person had life insurance or not, and payments that can be used for funeral expenses, along with many other things.) Or you may know your financial situation, and realize that you can’t. spending a lot of money on funerals. Or maybe you don’t want to have an expensive funeral and then regret it when the bills come.

If so, you’re not alone in worrying about money in times of grief—as funeral costs soar in America, families are now spending upwards of $10,000 on funeral expenses.

Saving money for a funeral can be difficult—you want to give your loved one what they deserve, and it can be hard to keep the money down. But that doesn’t mean you have to mortgage the house, either—there are things you can do during funeral planning to ease the strain on your bank account. We asked the end-of-life planning experts at Lantern for their advice. This is what they told us.

In this article:

Know your rights

The Federal Trade Commission requires all funeral homes maintaining the revised price list on file and making it available to the consumer upon request. Many funeral homes make their price lists available online, too. Look carefully at the list, and don’t be disappointed with any purchase. While you may not go with the cheapest option, it’s good to know what funeral homes charge for similar services.

Bring your own

One thing the FTC makes clear is that funeral homes are not allowed to charge you extra for using a casket or urn that you purchased elsewhere. As long as it meets the requirements of your graveyard, you are allowed to use it. Considering the labels on the boxes, this is a good place to save money. For example, Costco sells cassette tapes at the cost of funeral homes. (We know it’s Costco, but resist the urge to buy more.)

If you’re choosing to cremate, your options are vast – any container that can hold cremation will work just fine.

Choose direct burial or cremation

In addition to being more environmentally friendly, direct burial and cremation are also much cheaper than traditional burials and cremations that involve embalming. Note: direct burial is different from opting for simple burial. Direct burial means that the funeral director carries out the burial without the family present.

Don’t be afraid of customization

You may find, when working with a funeral home, that you don’t need all the bells and whistles they provide. One place where it often makes sense to think about saving money is watching.

Stay close to home

Instead of having an expensive funeral service at a restaurant or event space, consider having a reception at home. You’ll save money on food and drinks, especially if you ask guests to bring a plate or bottle of wine to share. If you feel like you’re not asking well, remember—people want to help you, and they’ll often thank you for including them.

Paying for flowers – don’t

Even if you don’t have a funeral at all, or tell people clearly not to send flowers, or text everyone you know a link to the love you love, it’s true that some people just can’t stop themselves from sending. flowers or plants. Use this! If someone wants to send flowers, include them in the funeral arrangements and take them to the grave. There is no need to spend money on things that many people will be willing to give you.

Our maintenance schedule

Haven Life is a consumer life insurance company sponsored by Massachusetts Mutual Life Insurance Company (MassMutual). We hope that decisions about life insurance, your finances and your overall health can be made easier.

Our maintenance schedule

Haven Life is a consumer insurance company sponsored by Massachusetts Mutual Life Insurance Company (MassMutual). We hope that decisions about life insurance, your finances and your overall health can be made easier.

Our content is for educational purposes only. Haven Life does not endorse the companies, products, services or methods described here, but we believe they can make your life easier if they are suitable for your situation.

Haven Life is not authorized to provide tax, legal or financial advice. This information is not intended to provide, and should not be relied upon as, tax, legal, or financial advice. People are encouraged to get advice from their tax or legal advisor.

Our disclosures

Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in some states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and issued through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in some jurisdictions, including NC) issued by CM Life. Insurance Company, Enfield, CT 06082. Policy form numbers and riders may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.

MassMutual is rated by AM Best Company as A++ (Superior; Top 15). The price is as of Aril 1, 2020 and is subject to change. MassMutual has received mixed ratings from other rating agencies.

Haven Life Plus (Plus) is the trade name for Plus passengers, which is included as part of the Haven Term plan and provides access to additional services and benefits at no cost or discount. The rider is not available in any region and may change at any time. Neither Haven Life nor MassMutual is responsible for the benefits and services available under the Plus Rider, which are provided by third party vendors (affiliates). For more information about Haven Life Plus, please visit:

You might like it too

  • Happy friends sharing phone at home
  • A young man taking a break at the office
  • happy family watching TV

Get the stories we read the most, twice a month

  • Best of the internet…I will be recommending THE HAVEN LIFE EXPERIENCE to my friends and family! THANK YOU!

  • Simple. I didn’t have to talk to anyone.

  • I just purchased life insurance with Haven Life. My experience buying and selling with them was very easy, and for me personally, this was the cheapest I could get for the money I was expecting. Highly recommended.

  • I bought a life Insurance policy a week ago. The process was comprehensive but effective, as from start to finish the entire application process took only one month.

  • I just started with Haven Life. A few days ago. But, my interactions with the representatives were very helpful and willing to help. Thank you Haven Life.