Community Magazine

Ways to Pay for a Funeral Service

By Yourtribute @yourtribute

No one wants to lose a loved one, let alone talk about it. Sadly, it’s something all of us go through at one time or another. Once everything is said and done, the best you can do now is give them a proper funeral in order to pay your respects. However, funerals aren’t free and can actually be quite expensive. Here are ways for you to pay for a loved one’s funeral service without emptying your account or putting on a credit card.

Life Insurance

The first method of paying for a funeral service is using the deceased’s life insurance policy. Life insurance is a coverage that provides people with a lump sum of money after the holder’s unfortunate demise. The people who receive this money are known as the beneficiaries. Keep in mind that the amount of money received depends on how much the holder had paid on it and the type of the policy itself. Whole life insurance typically has a set amount that increases as time goes on. You can use a portion of the money to pay for all the expenses necessary for the funeral.

A Personal Loan

If you’re looking to fund the funeral yourself, but find out you don’t have enough money to cover expenses, a personal loan may be the solution. A personal loan is one of various types of loans you can take out. As the name suggests, this particular loan can be used for personal use, which basically means anything you want or need. In order to get approved, you do need a reasonably high credit score. It doesn’t have to be the best score, although that would most certainly help for the most favorable rates. However, low credit scores usually aren’t accepted. The lower your score, the less likely you are to be approved or you won’t receive as much. Your best course of action is to borrow from a private lender. They’re more likely to offer low APR personal loans. Lower annual percentage rates mean you pay less interest back over the course of the loan.


Most people these days like to associate crowdfunding with starting a business. However, crowdfunding can be used for much more than that. Crowdfunding is simple to understand as it’s when multiple people donate varying sums of money to a cause or an event. Some people may donate small amounts while others may feel inclined to give away as much as $100 or more. It really depends on the person and the cause. If you’re considering crowdfunding, GoFundMe is an excellent platform. If you need to use this type of platform, be honest and only ask for the exact amount you need for funeral preparation.

The Grieving Process

Losing a loved means that you need time to grieve. Give yourself enough time to grieve without having to put on a brave face. If possible, ask a trusted friend or family member to help with the funeral arrangements. If you have small children, you can also ask for some time alone to work through your feelings.


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