Final Expense insurance is a type of life insurance that helps seniors cover end-of-life bills, such as funeral expenses and healthcare.

If you don’t have a final expense life insurance plan in place for the one's that you care for the most, your loved ones will unfortunately be left with the responsibility of paying any remaining expenses. Funeral costs are expensive, and there are probably more costs than you were aware of.

According to the National Funeral Directors Association, the national median cost for a funeral with a burial and vault is close to $9,000. The national median cost for a funeral with cremation is now over $6,000. The benefit you receive from the government when you are on social security is just a small amount of $255.00.

These cost estimates do not include the cemetery plot ($2,000), monument (up to $10,000) or grave marker ($1,000), or miscellaneous items like flowers ($200) or an obituary ($200). If we factor those costs in, the average cost for a funeral with a burial and vault can be more like $15,000.

The funeral estimate obviously doesn’t include other end-of-life costs, such as healthcare and legal expenses. Here’s a list of items your loved ones might be responsible for immediately following death: