The High Cost of Death

“Just the way we teach our children how to compare prices at an auto dealership or to examine credit card interest rates,” says Slocum, “we need to equip them to make end-of-life decisions.” Planning ahead doesn’t mean prepaying a funeral home, however, which Slocum and other consumer advocates...

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Bibliographic Details
Published in:Black enterprise 2010-10, Vol.41 (3), p.30
Main Author: McCrea, Bridget
Format: Magazinearticle
Language:English
Subjects:
Caskets
Consumers
Costs
Employers
Financial planning
Funeral homes
Funerals
Guidelines
Insurance policies
Life insurance companies
Memorial services
Planning
Prices
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Summary:“Just the way we teach our children how to compare prices at an auto dealership or to examine credit card interest rates,” says Slocum, “we need to equip them to make end-of-life decisions.” Planning ahead doesn’t mean prepaying a funeral home, however, which Slocum and other consumer advocates discourage. According to the Casket & Funeral Supply Association of America, wholesale casket prices range from less than $300 to more than $8,000. Ask whether there is a life insurance policy through the employer, who the beneficiary is, and how to file a claim.
ISSN:0006-4165
2691-5510