No one wants to spend time thinking about their own funeral. For most people, it’s some abstract concept that will happen years and decades into the future.

However, as funeral and burial costs continue to rise, and many families struggle with making ends meet, setting aside some time to think about your final expenses in advance can alleviate many of the financial burdens associated with your funeral.

Rising costs
Funerals and the final expenses associated with these ceremonies are rising fast. According to the National Funeral Directors Association, the median cost of a funeral with viewing and burial was $7,181 in 2014 – a 28.6 percent surge over 2004’s median cost of $5,582. This increase in costs far outpaced the average inflation rate during that same period, and many only expect these expenses to keep rising.

Even after spending a lifetime of saving and pinching pennies, these high costs can be prohibitively expensive for many families. Thankfully, there is an option to help cover this price tag. Final expense life insurance is a type of coverage that provides funds for families members and other relatives that cover the costs associated with one’s funeral. Sometimes referred to as burial or funeral insurance, this coverage usually ranges from $5,000 to $50,000, with premiums averaging around $45 a month.

There are several factors that you should consider when determining whether to purchase insurance for your burial or final expenses.

Helping family members
If you have family members that depend on you for their well-being, then having the funds available to pay for your burial or final expenses could be extremely beneficial. Due to the high costs of the funereal process, putting aside money early on in an insurance policy that covers this expense makes it easier for family members to cope, it also alleviates the heavy burden of having to suddenly scramble and scrounge for this money at such a sensitive and somber time. With these costs already covered by a final expenses policy, family members experience less stress during this tumultuous moment, allowing them more quality time to focus on the grieving process.

Ease of application
Unlike many other types of life insurance, there’s no need for an intrusive or overly elaborate application process. As Life Health Pro noted, agents can easily underwrite final expense insurance policies with no medical exams, blood work or home office specimen. In many cases, there’s not even an application – you just sign up for it and pay your premiums. Since obtaining this policy does not require a significant time or energy commitment for coverage, it makes this an easy option for many time-strapped and busy individuals. Further, many of these policies go into effect within 24 to 48 hours, making them an attractive choice for many people who need immediate coverage.

Enhance the experience
With their solemn moods and near silent environments, funerals are not typically an extravagant affair. However, if you have a final expense policy that provides $10,000, but the basic funeral service only costs $6,000, then the surviving family and friends can go a few extra steps to include additional services. Many families are now memorializing their loved ones with video tributes, musical ensembles, horse-drawn hearses or any number of personalized homages. In addition, the difference between the policy’s payout and the cost of the funeral could also go toward enhancing the comfort of those individuals who showed up to pay their respect by offering food catering or other amenities.