Pros: Streamlined application process with no medical exam needed · Claims paid within 24 hours of being approved · Offers assistance with funeral planning and cost comparison of services ; Cons: Only offers final expense policies · Relatively low policy limit of $20,000 · Not a guaranteed issue policy · No online application
Term Life Insurance · Protects your family for a set period of time. ; Group Variable Universal Life · Life insurance plus tax-advantaged investments. ; Group Universal Life Insurance · 1 policy, 2 features: finanical security + saving.
Key takeaways ; According to the National Funeral Directors Association, the average cost of a funeral ranges from $6,280 to $8,300 as of 2023. ; Life insurance could provide your family with financial security and the money needed to pay for your funeral. ; Funeral expenses have increased over time, but recent data shows that average funeral costs are not going up as fast as overall inflation.
Key Takeaways ; Life insurance can help cover funeral costs and other bills associated with your death, preventing a financial burden on your loved ones. ; Life insurance can prevent your cosigner from being burdened with your debts if you pass away. ; Buying life insurance while young can protect loved ones in case of death, especially before major life events, and may secure lower premiums.
Planning for the future · Assisting through life's changes · Supporting you and your loved ones through difficult times
However, these types of policies have different requirements, rules, and focuses than burial or funeral insurance. Term Life Insurance Term life insurance covers you for only a set period...
A whole life insurance agency focused on business owners, families and individuals. Let us insure your future with life insurance.
You can buy life insurance from a: Mortgage broker · Financial adviser · Price comparison site · Life insurance broker · Life insurance company
Funeral Home Solutions · Our goal is to provide unique preneed products, services, and marketing solutions for your business. Learn More ; Our Business is Growing, and So Can Your Income · We’re looking for motivated individuals interested in starting a sales career in helping families prepare for a difficult time. Learn More
Lincoln Heritage Life Insurance Company is the nation's largest final expense insurer. Family owned and operated since 1963, we offer solutions for people looking to protect their loved ones from rising funeral costs and other end of life expenses. Get a free, no obligation quote today!