If you check around you will easily find the cost of the average burial. You may be surprised what it costs these days to have even a simple funeral. In our own personal experience, it has been about $10,000. Some numbers claim as high as $15,000, while others say as low as $5000. Either way, the cost is quite absorbent. There are two strong ways to defer these costs. Pre-arrange and pre-pay the bulk of you funeral (many funeral homes offer payment plans), or take out life insurance to cover these burial costs.