Lincoln Heritage Life Insurance Review & Ratings (2024)

Discover dependable and affordable life insurance solutions with Lincoln Heritage. Safeguard the future of your loved ones with our reliable coverage options tailored to your specific needs. Gain peace of mind knowing that your family will be financially protected in case of any unforeseen circumstances.

UPDATED: Nov 26, 2023Fact Checked

Imani Francies

Insurance and Finance Writer

Imani Francies is a finance and insurance writer who has strong media and communication skills with a bachelor's degree from Georgia State University. She began her writing career freelancing with various blogs and internships while working full-time as an early childhood educator. She has significant experience in both print and online media as a writer, editor, and author. She works efficient...

Insurance and Finance Writer

Kristine Lee

Licensed Insurance Agent

Kristine Lee is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including on The Points Guy.

Licensed Insurance Agent

UPDATED: Nov 26, 2023

Advertiser Disclosure

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.

UPDATED: Nov 26, 2023

Advertiser Disclosure

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.

UPDATED: Nov 26, 2023Fact Checked
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Lincoln Heritage Life Insurance

Average monthly rate for healthy individuals:

N/A

A.M. Best rating:

A+

Complaint level:

Low

Pros

  • Specializes in final expense insurance, providing coverage for end-of-life expenses.
  • Guaranteed acceptance for individuals aged 40-85.
  • Level premiums for the entire policy term.
  • No-risk, 30-day money-back guarantee on all policies.
  • Positive customer reviews and an A+ rating from the Better Business Bureau.

Cons

  • Limited information on A.M. Best Rating and specific complaint levels.
  • Limited information on average annual rates or displayed monthly rates.
  • Limited information on discounts available.
  • Limited information on digital features of the mobile app.

Final Verdict: Review of Lincoln Heritage Life Insurance

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.

What You Should Know About Lincoln Heritage Life Insurance

Welcome to our comprehensive guide on Lincoln Heritage Life Insurance and everything you need to know about securing reliable coverage for you and your loved ones. We will delve into the key topics surrounding Lincoln Heritage Life Insurance, including the benefits of their policies and the peace of mind that comes with knowing your family’s financial security is protected.

We will also highlight the exceptional service provided by Lincoln Heritage, their experienced team, and personalized assistance throughout the entire process. If you’re ready to take the next step in safeguarding your family’s future, enter your zip code below to compare rates from the best insurance providers and find the perfect coverage for you.

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.

Lincoln Heritage Life Insurance Coverage Options

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.

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.

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Lincoln Heritage Life Insurance Rates Breakdown

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.

Lincoln Heritage Life Insurance Discounts Available

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.

Read more: Best Business Insurance for Concierge Services

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.

The Lincoln Heritage Life Insurance Claims Procedure

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

When it comes to filing a claim with Lincoln Heritage Life Insurance, policyholders have multiple convenient options. They can initiate the claims process through various channels, including online, over the phone, or via mobile apps. This flexibility ensures that customers can choose the method that best suits their preferences and circumstances.

Average Claim Processing Time

Lincoln Heritage Life Insurance is committed to providing efficient and timely claim processing services. While specific claim processing times may vary depending on the nature of the claim and individual circumstances, the company strives to expedite the process to provide policyholders with the support they need during difficult times.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a crucial role in assessing the effectiveness of an insurance company’s claims process. Lincoln Heritage Life Insurance has garnered positive customer feedback regarding their claim resolutions and payouts. The company’s dedication to providing financial support to beneficiaries during challenging times is reflected in the satisfaction of their policyholders.

Seamless Solutions: Lincoln Heritage Life Insurance’s Digital and Tech Features

Mobile App Features and Functionality

Lincoln Heritage Life Insurance offers a user-friendly mobile app that provides policyholders with convenient access to their insurance information. The app includes features such as policy management, claims filing, and premium payments, enhancing the overall customer experience by putting essential tools at their fingertips.

Online Account Management Capabilities

Policyholders can easily manage their insurance accounts online through Lincoln Heritage’s digital platform. This online account management system allows customers to view policy details, make updates, and access important documents, empowering them to stay informed and in control of their coverage.

Digital Tools and Resources

Lincoln Heritage Life Insurance offers a range of digital tools and resources to help policyholders make informed decisions about their coverage. These resources may include educational materials, calculators, and guides that provide valuable insights into the world of life insurance, further demonstrating the company’s commitment to customer empowerment through technology.

How Lincoln Heritage Life Insurance Ranks Among Providers

Lincoln Heritage Life Insurance Company positions itself as a reputable provider in the final expense insurance niche. While the article does not explicitly cite industry rankings, it highlights the company’s positive attributes, including an A+ rating from the Better Business Bureau. The A+ rating reflects a high level of customer satisfaction and suggests a commitment to ethical business practices.

Additionally, Lincoln Heritage has garnered positive customer reviews, contributing to its standing among life insurance providers. The company’s focus on affordable and accessible final expense insurance for individuals aged 40-85 further establishes its presence in the industry.

Although specific industry rankings or comparisons with other providers are not outlined in the article, Lincoln Heritage’s positive customer feedback and the Better Business Bureau rating suggest a favorable standing within the market. As with any insurance decision, individuals are encouraged to conduct thorough research and consider personal needs when evaluating providers.

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.

Frequently Asked Questions

What is Lincoln Heritage Life Insurance?

Lincoln Heritage Life Insurance is an insurance company that specializes in final expense life insurance, also known as burial insurance. This type of insurance is designed to cover end-of-life expenses such as funeral costs and other final expenses.

What is final expense life insurance?

Final expense life insurance, also known as burial insurance, is a type of life insurance policy that is designed to cover end-of-life expenses such as funeral costs, medical bills, and other final expenses.

What types of final expense life insurance policies does Lincoln Heritage offer?

Lincoln Heritage offers two types of final expense life insurance policies: level benefit policies and graded benefit policies.

What is a level benefit policy?

A level benefit policy is a type of final expense life insurance policy that provides a fixed death benefit to the policyholder’s beneficiaries. The death benefit is typically determined at the time the policy is purchased and remains the same throughout the life of the policy.

What is a graded benefit policy?

A graded benefit policy is a type of final expense life insurance policy that provides a death benefit to the policyholder’s beneficiaries, but the benefit amount may be limited during the first few years of the policy. This type of policy is typically designed for individuals who may not be eligible for a level benefit policy due to their health or other factors.

How does final expense life insurance differ from traditional life insurance?

Final expense life insurance is designed to cover specific end-of-life expenses, whereas traditional life insurance policies can be used for a variety of purposes, such as income replacement, paying off debts, and leaving a legacy for beneficiaries.

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Imani Francies

Insurance and Finance Writer

Imani Francies is a finance and insurance writer who has strong media and communication skills with a bachelor's degree from Georgia State University. She began her writing career freelancing with various blogs and internships while working full-time as an early childhood educator. She has significant experience in both print and online media as a writer, editor, and author. She works efficient...

Insurance and Finance Writer

Kristine Lee

Licensed Insurance Agent

Kristine Lee is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including on The Points Guy.

Licensed Insurance Agent

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.

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