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Someone asked me to give her how much a funeral for $10,000 would be 10-20 years down the line, with inflation.
Can someone link something which has those figures, I know I saw it with some companies literature.
I Googled it real quick and got this. Looks pretty good, but I only skimmed over it.
http://eebrokers.com/wp-content/uploads/2015/02/Projected-Funeral-Cost.pdf
I have seen some that are age based that overly inflate the inflation number so the cost of a funeral doubles in 10 years, I personally wouldnt use those.
Someone asked me to give her how much a funeral for $10,000 would be 10-20 years down the line, with inflation.
Can someone link something which has those figures, I know I saw it with some companies literature.
Someone asked me to give her how much a funeral for $10,000 would be 10-20 years down the line, with inflation.
Can someone link something which has those figures, I know I saw it with some companies literature.
Someone asked me to give her how much a funeral for $10,000 would be 10-20 years down the line, with inflation.
Can someone link something which has those figures, I know I saw it with some companies literature.
Just tell them to get the most coverage they can afford... to be safe
There is no way you can predict what anything will cost in the future. You can only guess based on past history.
Tell them based on past history, things double every 15 to 20 years. That's about as close of an answer as they are looking for.
I know when I first came into the business everyone around me said that it doubled about every 10 years. You can find stuff written that says the same thng and many other uplines say it too. It wasn't long before I realized that wasn't true. I think your figures are much closer.