Pay for the coffin now and collect the life insurance payout when you can.
$499.(pine) - $1395. (Veteran - steel)
http://www.casketsbydesign.com/pine-caskets.html
http://www.bestpricecaskets.com/store/merchant.mvc?Screen=PROD&Store_Code=BPC&Product_Code=3536-veteran-military-casket
Watkins Matthews, Rancher From Bygone Era, Dies at 98
http://www.nytimes.com/1997/04/21/us/watkins-matthews-rancher-from-bygone-era-dies-at-98.html
APRIL 21, 1997
“After the public service, Mr. Matthews, dressed in faded jeans and a Levi’s jacket, a bandanna around his neck and his sweaty Stetson at his side in a plain wooden coffin, was, as he had requested, buried in the family cemetery next to his oldest sister, Annie Caroline Matthews, who died in 1881.”
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As a kid, I fished in the river on his ranch as did my father (91). It’s about 30 miles from where I live. He was deeply loved by all the locals. His family were earliest of settlers. Mine are newcomers, we came in 1889.