What I hope my wife would do with my life insurance money - Business Insider

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'It's impossible to predict the future, so I can't suggest a specific dollar amount today my family might need to survive'

, shares that the average cost of a funeral is $6,500 not including burial fees, a plot, or a headstone. All-in, the cost can easily exceed $10,000.

Depending on where you live and what options your family chooses for burial or cremation, the cost could be less or quite a bit more.While preparing to write this article, I asked my wife if she would know what to do with theif I died. Her first response — "Vegas!" — was clearly a joke. But in all seriousness, her focus would be long-tem.

 

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