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On top of saving for retirement, at some point, you also need to consider the cost of your funeral. By setting aside funds years in advance, you can alleviate the fiscal burden from your loved ones down the road, providing peace of mind for everyone involved. The pressing question is: how much should you save for your future funeral service? Today, our caring team from Abriola Parkview Funeral Home in Trumbull, CT, will explain what you need to know.

funeral serviceIn 2014, the median adult funeral with a burial service in the U.S. cost about $7,181. Among cremation funeral services, the median was about $6,078. On average, cremation services tend to cost less, in part because urns and cremation caskets are more cost-effective compared to burial caskets. However, these costs may vary depending on your unique needs, preferences, and budget. For example, the prices of various hearses, service cars, caskets, and urns can significantly influence your expenditures. 

Due to the nature of the market, funeral costs are expected to rise in the coming years. From 2004 to 2014, the price of traditional funeral services with burials jumped by nearly 30%. Similar trends are expected to follow in the near future. Fortunately, through prepaid funeral plans, you can lock in today’s rate and save thousands of dollars down the road. If you’re on a budget, planning and paying today will ensure your service is taken care of down the road. 

Understandably, funeral planning is a delicate process. If you or your loved ones need support with prepaid funeral plans or help determining how much money to set aside, all of us at Abriola Parkview Funeral Home are here to help you. No matter your budget, we will work hard to commemorate your life with a beautiful service. To learn more about how Abriola Parkview Funeral Home can help you, call (203) 373-1013 or visit us online

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