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Lincoln Heritage life insurance review 2022

Updated Dec 02, 2022
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Lincoln Heritage may be a good choice for consumers looking for a final expense life insurance policy, as this is the only type of coverage the carrier sells. However, Lincoln Heritage doesn’t offer many online tools and has no local agents to work with policyholders.


  • No medical exams are required
  • Claims are usually paid out quickly
  • Family support services are offered for free


  • Does not offer term or whole life policies
  • Low coverage limits
  • No local agents

Lincoln Heritage is a smaller, family-owned life insurance company that exclusively sells final expense insurance. Its Funeral Advantage offering is the largest final expense insurance program in the United States. Lincoln Heritage, founded in 1963, has sold final expense life insurance policies for nearly 60 years. The company does not sell traditional individual life insurance policies, like term life or whole life policies, but it does sell its Funeral Advantage final expense product in every state except New York. Bankrate’s Lincoln Heritage life insurance review could help you understand if this laser-focused provider is right for your needs.

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Lincoln Heritage life insurance coverage types

If you are in the market for final expense insurance, Lincoln Heritage life insurance may be worth considering. However, this provider does not sell traditional term life insurance or whole life insurance policies. The coverage limits are fairly low and the company does not list any riders on its website. Here is a closer look at what you get with Lincoln Heritage’s signature Funeral Advantage program:

  • Final expense insurance: Final expense insurance is designed to cover funeral expenses, including cremation services, burials and final medical bills. This policy may be considered by older adults who need guaranteed coverage. The Lincoln Heritage Funeral Advantage program includes up to $20,000 in coverage. There is no medical exam This policy has a cash benefit and boasts a 24-hour claim payout for approved claims, plus level premiums for the duration of the policy. You can also purchase accidental death benefit coverage up to $100,000.

Lincoln Heritage life services

When you purchase a policy from Lincoln Heritage, you’ll automatically be eligible for support from the Funeral Consumer Guardian Society (FCGS). When a policyholder passes away, the FCGS can help the beneficiary and other loved ones handle the tasks. The FCGS will compare up to three different funeral homes to help you find a good price, provide checklists of things that need to be done and offer emotional support during a difficult time. Additionally, Lincoln Heritage offers several online resources related to life insurance, including guides to various kinds of funeral arrangements.

Other Lincoln Heritage perks worth considering

While most life insurance companies offer multiple policies, Lincoln Heritage only offers final expense insurance, a form of guaranteed life insurance. It is also called funeral insurance or burial insurance. You cannot purchase any other type of life insurance or property insurance from this provider. All final expense policies are underwritten by Lincoln Heritage Life Insurance Company.

Lincoln Heritage life insurance customer and claims satisfaction

Because Lincoln Heritage is a smaller insurance company with limited offerings, it does not have many third-party reviews from reputable research organizations. However, it does have a lower-than-average number of complaints, per the National Association of Insurance Commissioners (NAIC).

Lincoln Heritage’s NAIC Company Complaint Index score for individual life insurance is 0.88, which is lower than the baseline of 1.00. In 2021, the company had 8 total complaints for individual life insurance.

In terms of accessibility, you cannot get a life insurance quote or file claims with Lincoln Heritage online. And while there are a variety of online resources, the company does not offer a life insurance calculator to help you determine how much coverage you need.

If you are a current Lincoln Heritage policyholder, you can make payments, download policy forms and view your policy details online. However, you will not be able to make any changes directly. You will need to contact an agent directly to file a claim or make changes to your coverage by calling Lincoln Heritage during business hours.

Lincoln Heritage corporate sustainability

Lincoln Heritage does not list much information about its corporate social responsibility initiatives online but does note that it supports a variety of charitable organizations, including the Juvenile Diabetes Research Foundation, Helping Hands for Freedom and United Way.

Not sure if Lincoln Heritage is right for you? Consider these alternatives

If you’re on the hunt for the right life insurance product for your needs, but you aren’t sure if Lincoln Heritage is the right fit, consider these companies:

  • New York Life: You may want a provider that offers more benefits than Lincoln Heritage, and New York Life delivers. In addition to a range of life insurance offerings, the company has estate planning and wealth management services.
  • Gerber Life: If you’re looking for a range of insurance products, including life insurance for children, Gerber Life may be a good option. The company offers term, whole and guaranteed life, as well as a few products geared specifically toward children and young adults.
  • State Farm: If you’re sure you want a final expense plan, State Farm may be a fitting alternative to Lincoln Heritage. However, while the company does have a network of local agents that may appeal to some customers, its final expense insurance only goes up to a $10,000 death benefit.