Let's face it, one day you will not be here anymore and your loved ones will unfortunately be left with the responsibility of paying any remaining expenses. Final Expense insurance is a type of life insurance that helps cover end-of-life bills such as funeral expenses and healthcare.

Funeral costs can add up quickly. Did you know that the average cost for a funeral with a burial and vault is close to $9,000. The cost for a funeral with cremation averages around $6,000!

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: