That’s the finding of a study commissioned by BARE, a new entrant in the funeral industry that offers more personalised and cheaper funeral options.
Paying for funerals can be a big financial burden at a time of grief and stress with the average funeral costing around $7500. Funeral insurance is not value for money with many people paying far more in premiums than the cost of the actual funeral.
New less expensive services offer pre-payment for cremation, and opportunities to devise an individualised funeral and send off with your family and friends. These don’t require a funeral director, viewing and other traditional services thus cutting costs. A cremation can be held first with an individualised event later. A pre-arranged funeral, however you plan it, takes the stress off your family at a time of intense grief and allows you to devise your own event, whether that’s a service or a more celebratory affair.
Although contemplating death is uncomfortable, it’s never too early to have a conversation with your family and make a plan.