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The high costs after a fatal accident

When a loved one is killed in a car accident, the last thing on your mind is the financial cost. It's an emotionally trying time, and family members need to be there for one another to get through it.

However, the financial cost cannot be ignored. One woman who worked in the funeral industry pointed out how her job made it more clear than ever how many people die well before old age. Everyone imagines living to 100 and passing peacefully in bed, but the reality is that accidents, diseases and other issues take many lives every day.

These are the cases in which people often have not planned in advance, the woman noted. They often don't have life insurance. They don't have money saved up for a funeral. Even though passing away is an inevitable reality for everyone, she noted that most people have no desire to bring the topic up while they're still alive. She claimed this made a hard situation far more difficult by adding an incredible financial strain.

She said that the average cost of the funeral itself was more than $7,000, per the National Funeral Directors Association. And that's just for the service, without things like a burial space, a headstone, grave opening and closing services and other cemetery expenses. She said the total cost really comes in between $9,000 and $12,000, with many families spending more than $15,000.

If you have lost a loved one in a car accident, how will you deal with these financial issues? It may be wise to look into your rights to compensation.

Source: Personal Capital, "The Cost Of Funerals, Death, and Dying," Holly Johnson, accessed March 02, 2018

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