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Life insurance is one of the most important safety nets that you could ever purchase for your loved ones, but you may be at a stage in your life where you no longer need a large insurance plan worth millions of dollars. If you’ve reached that stage, a burial insurance policy is an excellent option to still have insurance coverage without paying the massive premiums of a large life insurance plan.
When you’re shopping for burial insurance coverage, there are thousands of companies that you can choose from. Burial insurance policies have reached a high point of popularity, and there are more and more companies that are offering these plans. It’s important that you find the best plan to meet your needs.
One of the popular options for a final expense plan is Lincoln Heritage, but just because they are an attractive option doesn’t mean that it’s the best choice for you. This article is going to review Lincoln heritage and their burial insurance plans.
Lincoln Heritage Burial Insurance – What You Need To Know
We know that you don’t have time to spend hours and hours researching different companies and calling dozens of agents to get quotes, and that’s why we are here to give you all the information that you need to make an education decision about your life insurance needs. We are going to give you all of the essential facts about Lincoln Heritage Burial Insurance quick.
Lincoln Heritage is an established company that has year and years of experience in the insurance community. They are one of the biggest providers of burial insurance plans, and they have excellent financial standings with all of the third-companies.
But, to cut to the chase, there is almost no situation in which Lincoln Heritage is going to be the best option for your final expense insurance policy. They have several options for insurance coverage, but all of them are going to be significantly more expensive than other options on the market. In fact, you’ll be able to find dozens of other companies that offer the same coverage, but for a lot less every month.
Lincoln Heritage Background
Lincoln Heritage was established in 1963, which means that they are not the new kids on the block. They have decades of experience in selling final expense plans to 49 states. As a company, they hold an A- from A.M. Best and an A+ rating from the BBB. These ratings reflect their excellent financial stability and show that they have very little risk of suddenly falling into bankruptcy.
Since their beginnings in 1963, they have grown to be one of the largest providers of burial expense insurance plans across the United States, but they are also one of the most expensive, so what makes them so popular? It’s easy, burial insurance is one of the few insurance products that they sell. Unlike most insurance companies that offer a variety of different products that include burial insurance, Lincoln Heritage focuses on these smaller plans, and that’s about all the thing that they sell.
Even though they don’t offer the cheapest coverage because they spend more money and effort towards selling these plans, they’ve become one of the most popular choices for funeral insurance, but that doesn’t mean that they are going to be the best option.
Is Burial Insurance Best For You?
Before you decide which burial insurance company that you should buy a plan from, it’s important that you decide which kind of insurance plan will meet your needs. Every family is different, and everyone has different insurance needs. Having the wrong type of coverage could leave your family with a massive amount of debts and other final expenses.
We know that finding the perfect insurance plan can be a difficult decision and search process, but we are here to help. It’s our mission to ensure that your family has the insurance protection that they need. There are several different factors that you’ll need to consider when deciding which type of plan that you should buy.
Burial insurance policies are an excellent option for coverage, but they are a specialized option, which means that they are not going to be the perfect fit for every family. Final expense plans will typically only provide around $25,000 worth of insurance protection, which won’t be enough coverage for most families, but that doesn’t mean that you should eliminate them from your insurance coverage. Instead, look at these areas to decide if these plans are perfect for you and your family.
The first factor that you should review is your debts and other final expenses that your family would be left with, like your mortgage and burial fees. The primary goal of your insurance policy is to give your family the money that they need to pay off your debts and bills. Without your insurance policy, your family would be responsible for a massive amount of debts and other expenses. If you’re at a stage of life where you no longer hold a massive amount of debt, then a final expense insurance policy could be an excellent option for you. On the other hand, if you still have a lot of unpaid expenses, you’ll need to apply for a traditional insurance plan.
Another financial factor that you should consider is your paycheck. The secondary purpose of your life insurance plan is to give your family the money that they need to replace your annual income. If you’re the primary income-earner in your home, then your family would suffer financially if you were to pass away, but that’s where your life insurance policy comes in. It will give them the money that they need to replace your paycheck. If you no longer have several family members that rely on your income every month, then you can purchase a burial insurance policy and save money on premiums.
The next factor that you should consider is your health. You may be looking to buy one of these burial insurance policies because you assume that you can’t be approved for a traditional insurance policy, but that couldn’t be further from the truth. In just about every situation, there is an insurance company that will accept you for coverage. Even if you’ve been declined for life insurance in the past, there are dozens of companies that specialize in working with high-risk applicants and will offer you quality life insurance coverage at an affordable price. It’s important that you get the coverage that your family will need, regardless of your health or any pre-existing conditions that you have.
Working With An Independent Insurance Agent
The best way to ensure that you’re getting a life insurance plan that meets your needs and that you’re getting it at the lowest rates is to work with an independent insurance agent. Unlike a traditional insurance broker, independent agents work with dozens of highly rated companies across the nation, which means they can bring all of the best insurance rates directly to you, without the hassle of calling all of those companies yourself.
Our independent insurance agents have years of experience working with all kinds of applicants across the country, and we know which companies offer the best coverage. Our independent brokers can help save you both time and money on your insurance policy search.
With burial insurance plans, the insurance company gets very little information to base their premiums on, which means that the prices are going to vary drastically depending on which company that you get the quote from. If you want to ensure that you’re getting the best rate, it’s important that you get dozens of quotes before you decide which one is going to work best for you and your family. Don’t waste all of that time doing it yourself, let one of our agents handle that work for you.
Lincoln Heritage Burial Insurance Plans
Insurance coverage is one of the most important purchases that you’ll ever make, but that doesn’t mean that you should buy an expensive plan. It’s important that you buy a policy that will give you the coverage that your family needs at an affordable rate. There is almost no situation where Lincoln Heritage is going to give you the lowest premiums, but don’t worry, we can help you find the cheapest burial insurance coverage for you.
You never know what’s going to happen tomorrow. You can’t predict the future, which means that you shouldn’t wait any longer to get the insurance coverage that your family will need if something tragic were to happen to you. We know that nobody wants to think about his or her death, but not planning for your passing is one of the worst mistakes that you can make for your loved ones. It would leave them with painful decisions and thousands of dollars of debt.
If you have any questions about Lincoln Heritage or any of the other insurance options, please contact one of our agents today. We would be happy to answer those questions and connect you with the best insurance plan to meet your needs. No matter if you’re young or maybe wanting life insurance for seniors, we can help.