Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

Full Bio →

Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

Full Bio →

Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 30, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page 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 life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Are you considering using Lincoln Heritage Life Insurance? Maybe you’d like to see if this could be the best option for you and your family? While we can’t control when we pass away, we can control the financial implications of that passing.

If you’re uninsured, you may be unaware of your insurance options. Our review of Lincoln Heritage life insurance will allow you to see if this company could be the best option for your life insurance.

Read on to learn everything you need to know about this company’s reputation, policies, and more.

Looking to compare life insurance prices? We can help. Enter your ZIP code to get free quotes from multiple insurers.

The History of Lincoln Heritage

Lincoln Heritage Life Insurance Company has been serving its customers since 1963.

Lincoln Heritage Funeral Advantage

By 1996, Lincoln Heritage had sold more than 250,000 policies, and by the turn of the century, this number skyrocketed.

Based in Phoenix, Lincoln Heritage’s mission is to improve overall standards for loved ones, with prompt service and a range of policies to meet different needs.

Your one-stop online guide for life insurance quotes. Get free quotes now!

secured lock Secured with SHA-256 Encryption

Is Lincoln Heritage Life Insurance Right For You?

Before you purchase any life insurance policy, you need to do your due diligence. That means understanding what the life insurance company will offer you, how their policy works, and how much it will cost.

Here are a few things you should know:

Lincoln Heritage A.M. Best Rating

The company currently has a rating of A- which is excellent. This means that the company is remarkably stable, and can meet all of its ongoing financial obligations.

Lincoln Heritage Life Insurance Company has held this rating for a number of years now, and A- is a very high rating from A.M. Best.

Better Business Bureau

Lincoln Heritage has been a part of the Better Business Bureau since 1981. The BBB conducts a 13-point evaluation of businesses who are part of the company, and Lincoln Heritage has been given an A+ rating based on its services.

This rating is due to the relatively few complaints about Lincoln Heritage that have gone to the BBB.

Lincoln Heritage Funeral Advantage

The main product offered by Lincoln Heritage Life Insurance is the “funeral advantage” which is also known as final expense insurance. This is different from the traditional term or whole policies, and it’s often known as “funeral or burial insurance.”

The Lincoln Heritage Life Insurance Funeral Advantage program has two main areas:

Cash Death Benefit

If you’re between 40 and 85, it doesn’t take much to qualify for the cash death benefit with Lincoln Heritage. You’ll just need to answer a few health questions, and you won’t need to have any examinations. Even if you have a pre-existing health issue, you can often still qualify.

Remember, if any of these answers are inaccurate, your family may be denied a payout.

Based on your answers, you’ll either receive immediate coverage or will be offered a modified plan. The modified plan has a waiting period of 2 years if you’re under 50 years old, or 3 years if you’re older than 50.

Basically, if you pass during this time, your beneficiaries would only receive a limited payout (typically just a return of your premiums plus interest of 10-30%).

If you were diagnosed or treated with any of the below during the past two years, you’ll qualify for the modified plan, and won’t be eligible for immediate coverage:

  • Complications related to diabetes (e.g blindness or amputation)
  • Alzheimer’s
  • Dementia
  • ALS
  • Kidney, liver, or lung disease
  • Cancer
  • Coronary artery disease
  • Heart disease

Family Support Services

Family support services are free with Lincoln Heritage Life Insurance Company. Basically, the company will arrange for a representative from the Funeral Consumer Guardian Society to help your family.

This can be hugely comforting since the company handles the payment the way the family requests. The representative will also provide advice as they navigate this difficult time.


The levels of benefits can reach up to $20,000. The company claims that benefits are paid within as little as 24 hours once they approve your claim. Your family can also receive up to $100,000 in additional benefits if your death is accidental.

As long as you make your payments regularly and on time, your benefits and rates are locked in for life.

Lincoln Heritage also has a few riders and add-ons that you can choose, often at additional cost on your monthly premiums. This optional coverage can give you additional benefits both while you’re still alive, and after you pass away. You will pay increased premiums, but they can be well worth it. Some options include:

  • Auto expense protection
  • Healthcare system assistance
  • Plans for medical bill reduction
  • Protection against identity theft
  • Pharmacy, vision, and dental discount plans
  • Coverage for children
  • Accidental death and dismemberment


According to an industry survey in 2015, the average premium for funeral/burial insurance was $719.

Lincoln Heritage Life Insurance is close to the average if you haven’t had any health problems or you’re middle-aged. However, if you do only qualify for the company’s modified insurance plan, you can expect their prices to be much higher than their closest competitors.

Having coverage for funeral costs is an important consideration, however, Lincoln’s Funeral Advantage is much more expensive for people with health conditions. This is typical for most insurance companies since they’re focused on reducing risk and collecting payments for as many years as possible.

Your one-stop online guide for life insurance quotes. Get free quotes now!

secured lock Secured with SHA-256 Encryption


Lincoln Heritage has a solid reputation, particularly when it comes to customer service. However, since the company only offers a single policy type, and doesn’t offer any other types of life insurance, many people may instead choose an insurance company that can give them more coverage.

However, Lincoln Heritage is also part of a larger group that sells other insurance policies.

Another potential issue is the cost of your policy. If you’re young and healthy, you’ll usually receive a good offer for your premiums. But because this insurance doesn’t require a medical exam, you can expect it to be a little more expensive- particularly for those who are older or who have previous health issues.

Wrapping Up

When it comes to life insurance, we recommend shopping around. Compare a few other companies while you’re looking into your final expense insurance to see if the company’s rates are competitive.

We’re committed to helping you find the best possible insurance plan for your needs.

Ready to Compare Life Insurance Rates?

It’s free, fast and super simple.

Looking to compare life insurance prices? We can help. Enter your ZIP code to get free quotes from multiple insurers.