Funeral Cost Inflation Calculator
Funeral costs rise faster than general inflation. See what today's funeral will cost in the future and why locking in coverage now saves money.
Project Future Costs
Inflation Impact
Today's Cost
$9,000
Cost in 10 Years
$14,660
Cost increase: $5,660
That's a 63% increase over 10 years
Year-by-Year Projection
Today (2026):
$9,000
In 5 years (2031):
$11,487
In 10 years (2036):
$14,660
In 15 years (2041):
$18,710
In 20 years (2046):
$23,880
Why Lock In Coverage Now?
- ✓ Your coverage amount stays the same regardless of inflation
- ✓ Your premium never increases once locked in
- ✓ Younger age = lower rates (save by applying today)
- ✓ Waiting costs more in both premiums and coverage gaps
Recommended Coverage
To stay ahead of inflation, we recommend at least $15,000 in coverage to protect against future funeral cost increases.
Lock In Your Rate Today
Licensed Agent NPN: 20704118
Funeral Cost Inflation: What You Need to Know
While general inflation averages around 2-3% per year, funeral costs have consistently risen at 4-5% annually. This means that a funeral costing $9,000 today could cost over $14,000 in just 10 years.
Historical Funeral Cost Trends
- 2004: Average funeral cost was approximately $6,500
- 2014: Average funeral cost rose to approximately $7,600
- 2024: Average funeral cost now exceeds $8,300
- 2034 (projected): Could exceed $13,000 at current rates
Protect Against Rising Costs
Final expense insurance is one of the best ways to protect against funeral cost inflation because:
- Your death benefit is paid regardless of how much funeral costs have risen
- Premiums are locked in and never increase, even as you age
- The earlier you apply, the lower your monthly premium will be
- Coverage amounts of $10,000-$25,000 provide a buffer against future increases