lincoln heritage life insurance company funeral advantage program details

The Funeral Advantage Program offered by Lincoln Heritage Life Insurance Company is a type of final expense insurance policy designed to help cover funeral and burial expenses. This program typically aims to relieve the financial burden on family members by providing a death benefit that can be used for funeral services, medical bills, or other final expenses.

Here are the key details about the Funeral Advantage Program:

1. Final Expense Coverage: The policy is primarily designed to cover the costs associated with end-of-life expenses, such as funeral services, caskets, burial, and other related costs.
2. Affordable Premiums: Lincoln Heritage offers affordable monthly premiums that fit the budget of seniors, often with flexible payment options.
3. Guaranteed Acceptance: In many cases, the Funeral Advantage program may offer guaranteed acceptance for seniors aged 50 to 85, with no medical exam required. This makes it accessible for those who may have health concerns.
4. Fast Payout: The death benefit is typically paid out relatively quickly, ensuring that the beneficiaries have the funds needed to arrange funeral services promptly.
5. No Health Questions: Some versions of the program do not ask health questions, which is beneficial for people with serious health issues.
6. Funeral Planning Assistance: In addition to the financial benefits, the program may include services like funeral planning assistance to guide families through the funeral arrangements.
7. Whole Life Insurance: Most Funeral Advantage plans are whole life insurance policies, which means they offer permanent coverage with fixed premiums for the life of the insured.

It’s important to note that specific terms, conditions, and coverage amounts may vary based on the individual policy and state regulations. For more accurate and detailed information, it’s best to contact Lincoln Heritage directly or speak with an authorized agent.