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Lincoln Heritage Funeral Advantage Final Expense Insurance Review


ConsumersAdvocate.org Rating: 4.9 / 5 (Excellent)
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Lincoln Heritage is a family-owned life insurance company based in Phoenix, Arizona, that provides traditional and customized insurance services. The company is rated A- (Excellent) by AM Best and accredited by the BBB with an A+ rating. Lincoln Heritage's Final Expense Insurance requires no health examination and offers easy qualification, customized funerals, and lifetime benefits.
 
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How is Lincoln Heritage Funeral Advantage rated?

Breakdown

5.0/5
Policy Features
5.0/5
Qualifications
4.8/5
Financial Strength
5.0/5
Customer Experience

Overall Rating: 4.9 / 5 (Excellent)

With a good reputation and sound financial rating, Lincoln Heritage is a solid choice for people ages 40 through 85 looking for final expense insurance. Although its maximum coverage is slightly run-of-the-mill, it makes up for it with an especially fast payout period and substantial accidental death coverage. Additionally, the company's generous qualifications make it easy for almost everyone to get the insurance they need with Lincoln Heritage.

Lincoln Heritage Funeral Advantage Policy Features

Policy Features - 5 / 5

Lincoln Heritage final expense insurance policies have a fair coverage maximum of $20,000 and can cover just about any funeral expense given that they have no restrictions on usage. The company's policies are whole-life and their premiums are fixed. Moreover, Lincoln Heritage can add up to $100,000 in accidental death insurance coverage. Approved claims are paid out fast, in as little as 24 hours.

Policy Coverage Maximum

$20000

Expenses Benefits Help Cover

  • Caskets
  • Funeral
  • Flowers
  • Cremation
  • Post-Funeral Reception
  • Newspaper Obituaries
  • Burial Plots
  • Headstone

Types of Insurance Products

  • Whole Life
Types of Premiums
Fixed
Restrictions on Benefit Usage
No
Accidental Death Coverage
Yes
Cash Value Accumulates
Yes
Claim Payout (Days)
1

Lincoln Heritage Funeral Advantage Qualifications

Qualifications - 5 / 5

Lincoln Heritage offers final expense insurance policies to people aged 40 to 85. Getting a quote from the company does not require taking a medical exam. Final approval will depend on the answers to a series of medical questions on a consumer's application. Nonetheless, there are little to no factors that could automatically disqualify consumers from getting insurance with the company other than their age. Almost everyone qualifies for final expense insurance with Lincoln Heritage, even if they have had health issues in the past.
Age Range
40-85
Medical Exam Required
No
Disqualifying Factors
Age

Lincoln Heritage Funeral Advantage Financial Strength

Financial Strength - 4.8 / 5

Lincoln Heritage Life Insurance Co. has not been evaluated by the financial strength raters S&P and Moody's. It does, however, have an A- (Excellent) rating with AM Best. The company has been writing its own insurance policies since 1963.
Year Founded
1963
Company Type
Underwriter
Underwriter
Lincoln Heritage Life Insurance Company
A.M. Best Financial Rating
A-

Lincoln Heritage Funeral Advantage Customer Experience

Customer Experience - 5 / 5

Lincoln Heritage enjoys a largely positive reputation and customer experience feedback. The business currently holds an A+ rating in the BBB and is accredited by the bureau. Although it does not have a page on Trustpilot, reception is mostly positive elsewhere online. Its complaint ratio in the NAIC is a 0.88, which is lower than the national average, as a result of 27 total complaints.
BBB Rating
A+
Number of BBB Positive Reviews
8
Number of BBB Negative Reviews
17
NAIC Complaint Ratio 2018
0.88
NAIC Total Complaints 2017
27
Date Collected
2018-07-26

Company Profile

Full Name
Lincoln Heritage Funeral Advantage Final Expense Insurance
Company Website
https://www.lhlic.com/
Headquarters
4343 E Camelback Rd Ste 400, Phoenix, AZ, 85018

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Customer Comments & Reviews

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K
Kevin
4/28/2022
Great company…I couldn’t afford the funeral coverage at this time, but the salesman was excellent .explained everything in detail. Prompt, courteous, if I ever need any more funeral expense insurance than what I have. I’m going with Lincoln heritage. His name was Phil Vaught. excellent employee, hope he is compensated enough for his exceptional style.

sheilawanzer1
11/15/2021
My mother passed suddenly and unexpectedly. She was an awesome person and loved by family and friends. Planning a funeral for a loved one is difficult but Lincoln Heritage made it much easier. One phone call and they were in touch with the Funeral director. In addition, the customer service representative was kind, caring and fully understood what was happening. The service provided by Lincoln Heritage made everything more bearable. Thank you Lincoln Heritage for your condolences and prayers. Sheila Cato Wanzer

T
Thomas B
11/9/2021
The loss of my wife Karen was a terrible blow to our family. Her sickness was sudden and unexpected but I knew that We had the assurance from our agent Kim Hillyear that her funeral expenses would be covered and the arrangements carried out as we had previously planned. Kim's kindness and sincere attitude during this time was a great relief to us all. Every detail with the arrangements were carried out in a tremendous manner and very professionally as well. Everything was so timely and efficient that my only concern during all this was for my family. I am so happy that Kim came and spoke to us about purchasing this policy when she did and for all of the support everyone at Lincoln Heritage... Read More

J
Joseph C
6/4/2021
I'm writing for my wife. She passed away on 05 May 2021. Your quick and prompt service was greatly appreciated. It help the family move forward in making your arrangements for Darla Jean Wells(4-000311812). The courteous and professional attitude meant a lot to us. Again THANK YOU! Joseph Choya Wells

Lynne C
12/21/2019
Death benefit process was surprisingly simple and quick, as was benefit payment. b Personnel I dealt with were sympathetic and kind during this difficult time.

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