Dowell Onom
Member
If you're looking for a whole life final expense insurance company that offers a low premium and an A-rated rating, you should consider Lincoln Heritage. They offer up to $20,000 of coverage and sell their policies through captive agents. Here are some pros and cons of this company: Read on to find out more about the company, and decide if it's right for you.
Lincoln Heritage is a whole life final expense insurance company
The Lincoln Heritage life insurance company was founded in 1963. Its founding mission was to provide fast, efficient service for consumers waiting for their cash benefits. Today, the company serves more than a million consumers and has an A (Excellent) rating with the BBB and A.M. Best. It operates in 49 states and has more than 1 million policies in force.
It has a rating of A- (excellent)
Lincoln Heritage Insurance Company has a good reputation for paying out claims quickly. Their marketing materials indicate that claims are processed within 24 hours. However, in reality, it can take a few days before the claim is approved. The company also has a two-year contestability period, so you may have to submit medical records and answer health questions to make sure your claim is approved.
It offers up to $20,000 in coverage
If you're looking for an affordable life insurance policy, you can find one at Lincoln Heritage Insurance Company. This company offers up to $20,000 in coverage and promises to pay claims in as little as 24 hours. Although that's true in marketing materials, you shouldn't expect it to happen so quickly. You'll need to have all of the proper paperwork ready to submit the claim.
It is sold through captive agents
The Lincoln Heritage Insurance Company is a captive agent-based insurer. It offers limited product selections, which makes it competitive in certain markets, but limited in others. This is problematic for some consumers, as Lincoln Heritage's captive status means that it will only sell its own products, such as modified death benefit plans.
It is a legitimate insurance company
Lincoln Heritage is a family-owned insurance company based in Phoenix, Arizona that specializes in senior life insurance. The company offers a Funeral Advantage Program to people aged 40 to 85 who need final expense insurance. It is part of the Londen Insurance Group and was founded in 1963.
It offers a modified benefit plan
If you are looking for an affordable, flexible insurance plan with a two-year waiting period, Lincoln Heritage Insurance Company is a good option. The company offers a simple online application, which you can complete in a few minutes. The process requires certain information about you, such as your age and health history. The company is family-owned and operated, and was founded in 1963 by Jack Londen.
