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David P. McCabe,
WMCP®, ChFC®, CLU®
Financial Planner
Nathaniel D. High,
CFP®, RICP®
Financial Planner
nathaniel@centuriafinancial.com
Nicholas J. Over, CFP®
Financial Planner
nicholas@centuriafinancial.com
Sara E. Martin
Operations Manager
Molly R. Kelsh
Client Service Specialist
Centuria Financial Group
2333 Baltimore Blvd Suite B
Finksburg, MD 21048
Phone: 443-952-7232
May/June 2026
Saving on Funeral Costs and Final Expenses
Like everything else, funeral and burial costs have risen over the years. Even a basic service and burial can become more costly than expected. Pre-planning can help your loved ones avoid difficult decisions about your final wishes and can also lower some expenses.
The Funeral Rule
The Federal Trade Commission (FTC) requires funeral homes to disclose prices for their products and services and provide customers with an itemized list. The funeral rule allows you to compare funeral home prices and choose only the services you want. Knowing the costs helps you make an informed decision without feeling pressured to select more expensive options you might not need.Purchase Burial Insurance
Also called final expense insurance, burial insurance helps pay for funeral arrangements, burial or cremation, medical bills, outstanding debts, and legal issues. When buying a policy, you usually choose the coverage amount and name a beneficiary who will use the proceeds to cover your funeral and other related costs. Coverage is typically available for individuals aged 50 to 85 (75 in some states).Pre-need Insurance
Pre-need insurance is a contract with a specific funeral service provider. You select the products and services you want. The insurance payout goes directly to the funeral service provider instead of to designated beneficiaries. Your insurance professional can explain burial insurance in more detail.Cutting Funeral Costs
There are several ways to reduce funeral expenses.- Cremation costs less because it eliminates the need for embalming, a casket, and a cemetery plot.
- A simple wake and service managed by family members instead of the funeral director can save money.
- Arranging for direct burial eliminates embalming costs and the cost of facilities for a wake and service.
A Different Option
You might consider donating your body to a medical facility or research center. There is no cost to donors, and your donation helps researchers learn more about the body and certain diseases.1071882
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David P. McCabe, Nathaniel D. High, and Nicholas J. Over are Financial Planners with, and offer securities and investment advisory service through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with Centuria Financial Group.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Centuria Financial Group and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.