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The silver plan should cover most of the costs associated with an average funeral cost of $9,500.

Due to State Medicaid laws, the following States have a lower recommended maximum plan amount:


Recommended Plan Maximum
AZ$8,000NE$4,925
CT$5,400NY$0 - N/A
GA$10,000ND$6,000
IN$10,000OK$10,000
IA$11,500SD$10,000
KS$7,000TN$6,000
LA$10,000UT$7,000
MO$9,999VT$10,000​  

The bronze plan should cover most of the costs associated with a cremation.

The gold plan allows the maximum amount of funds to be set aside and should cover all of the costs associated with a funeral while allowing excess funds to be paid out to your estate.

Your funeral expense trust may be set up with any amount of money from $2,500 to $15,000.  However, these plans are the most common:

All plans are issued by a life insurance company and funds are guaranteed by the individual State Insurance Guarantee Associations.

Prepaid Funeral Plans