Lincoln Heritage Life Insurance Review & Ratings (2023)
This Lincoln Heritage Life Insurance Review will cover Lincoln Heritage Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The Lincoln Heritage Life Insurance A.M. Best rating is A-. To compare insurance rates from the best companies in your area, enter your ZIP code below.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
|
Written by
Chris Tepedino |
|
Reviewed by
Laura Walker
|
UPDATED: Feb 22, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
An Overview: Lincoln Heritage Life Insurance Company
When it comes to preparing for the inevitable, it’s important to have the right support system in place to help your loved ones during difficult times.
That’s where Lincoln Heritage Life Insurance comes in. Established in 1963, Lincoln Heritage has a mission to provide peace of mind to families by offering affordable and reliable life insurance coverage.
- Offers guaranteed issue final expense life insurance policies to help cover end-of-life expenses.
- Provides online quotes and applications for its insurance products.
- Offers a unique Funeral Advantage program that includes concierge services to help families plan and pay for funerals.
In this review, we’ll explore the company’s history, products and services, discounts, and customer reviews to help you decide if Lincoln Heritage is the right choice for you.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
History and Mission: Lincoln Heritage Life Insurance
Lincoln Heritage Life Insurance Company was founded in 1963 by Jack Londen, who believed that final expense life insurance should be accessible and affordable for everyone.
Londen saw a need for a more straightforward approach to providing coverage for end-of-life expenses, such as funeral costs, medical bills, and other final expenses.
Over the years, the company has stayed true to Londen’s mission of helping families during one of life’s most difficult times.
Today, Lincoln Heritage is still a family-owned and operated business, and the company’s mission is to provide peace of mind to families by offering affordable and reliable life insurance coverage.
Lincoln Heritage’s commitment to providing affordable coverage to families in need has earned the company a reputation as a trusted and reliable provider of life insurance.
States Where Lincoln Heritage Life Insurance Offers Coverage
Lincoln Heritage Life Insurance Company offers its insurance products in most states in the United States. The states where Lincoln Heritage offers coverage include:
Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin
It’s worth noting that the availability of specific insurance products and coverage options may vary by state, so customers should check with Lincoln Heritage or their licensed insurance agent to determine which products are available in their area.
Coverage Options: Lincoln Heritage Life Insurance
Lincoln Heritage Life Insurance Company specializes in final expense insurance, also known as burial insurance or funeral insurance.
Final expense insurance is a type of life insurance policy that is specifically designed to cover the costs associated with end-of-life expenses, such as funeral expenses, medical bills, and other final expenses.
Lincoln Heritage offers two types of final expense insurance policies:
- Modified benefit policy – This policy is designed for individuals who may not qualify for a standard final expense policy due to health issues. The modified benefit policy has a graded benefit structure, which means that the full death benefit may not be available for a certain period after the policy is issued.
- Level benefit policy – This policy is designed for individuals who are in good health and do not have significant pre-existing medical conditions. The level benefit policy offers a full death benefit from day one of the policy.
Both types of policies are available to individuals aged 40-85 and offer coverage amounts ranging from $1,000 to $20,000.
Lincoln Heritage Life Insurance Company specializes in providing affordable and reliable final expense insurance policies that are specifically designed to help families cover the costs associated with end-of-life expenses.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Cost of Coverage at Lincoln Heritage Life Insurance
The cost of insurance with Lincoln Heritage Life Insurance Company can vary depending on a variety of factors, including the policyholder’s age, health, and the coverage amount they select.
In general, final expense insurance policies tend to be more affordable than other types of life insurance policies, since they typically offer smaller coverage amounts and are designed to cover a specific type of expense.
It’s important to note that Lincoln Heritage offers a no-risk, 30-day money-back guarantee on all of its policies. This allows customers to review their policy and cancel it within 30 days of an issue if they are not satisfied with the coverage or premiums.
Overall, Lincoln Heritage’s final expense insurance policies are designed to be affordable and accessible to individuals who may not qualify for other types of life insurance coverage.
Discounts Available With Lincoln Heritage Life Insurance
Lincoln Heritage Life Insurance Company does not offer traditional discounts like many other insurance companies. However, they do offer several benefits and features that can help policyholders save money and make their coverage more affordable. Some of these benefits and features include:
- Level premiums: Lincoln Heritage’s final expense insurance policies offer level premiums, which means that the monthly premium payment will not increase as the policyholder ages or experiences changes in their health status.
- Guaranteed acceptance: Both the modified benefit and level benefit policies are designed to be accessible to individuals who may not qualify for traditional life insurance coverage due to health issues or other risk factors. This means that there is no medical exam required to qualify for coverage, and the policyholder’s acceptance is guaranteed regardless of their health status.
- No expiration: Once a policy is issued, it will remain in effect for the policyholder’s entire lifetime as long as premiums are paid on time.
- 30-day money-back guarantee: Lincoln Heritage offers a no-risk, 30-day money-back guarantee on all of its policies. This allows customers to review their policy and cancel it within 30 days of the issue if they are not satisfied with the coverage or premiums.
- Funeral advantage program: In addition to the final expense insurance policies, Lincoln Heritage offers a Funeral Advantage program, which provides additional benefits to policyholders and their families, including access to a 24-hour support hotline for assistance with funeral arrangements, a funeral concierge service, and a survivor support benefit.
Overall, while Lincoln Heritage does not offer traditional discounts, its final expense insurance policies and Funeral Advantage program are designed to be affordable and accessible to individuals who may not qualify for other types of life insurance coverage.
Customer Reviews: Lincoln Heritage Life Insurance
Customer reviews of Lincoln Heritage Life Insurance Company are generally positive. The company has an A+ rating from the Better Business Bureau, indicating a high level of customer satisfaction and a commitment to ethical business practices.
Overall, while there are some negative reviews, the majority of customers seem to be satisfied with their experience with Lincoln Heritage Life Insurance Company.
As with any insurance company, it’s important to carefully review the terms and conditions of the policy and ask questions if there is any confusion or uncertainty.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
In Summary: Lincoln Heritage Life Insurance Company
In conclusion, Lincoln Heritage Life Insurance Company is a well-established insurance provider with a focus on final expense insurance.
The company’s policies are designed to provide affordable coverage for end-of-life expenses, with guaranteed acceptance and level premiums that make them accessible to individuals who may not qualify for other types of life insurance coverage.
Lincoln Heritage Life Insurance Company can be a good option for individuals who are looking for affordable final expense insurance coverage.
As with any insurance provider, it’s important to carefully review the policy terms and conditions and ask questions if there is any confusion or uncertainty.