You may need insurance to pay for your burial costs if you don't have enough money saved up.
Today, the average cost of a burial, funeral and other related expenses runs around $8,755.
This total includes such things as a burial plot, headstone, casket, memorial service, transportation, flowers and related costs.
In addition, your insurance can help pay for your end of life medical bills and credit card debt, among other expenses.
Many people choose to purchase a burial life insurance policy to make sure their loved ones won't have the financial stress of trying to find a way to pay for their burial expenses.
Learn about how to buy burial insurance coverage.