The Funeral Advantage Program is a plan that streamlines the last monetary expenses in a person's life. It provides life insurance benefits as well as family support upon the policy owner's death. Support is provided through funeral arrangements and other tasks necessary following death. Lincoln Heritage Life Insurance Company sponsors this program.
While the average funeral costs between $7,000 and $10,000 as of 2015, the maximum benefit of the Funeral Advantage Program is $35,000. Policy holders can opt in for an additional $100,000 benefit in the case of accidental death. The Funeral Advantage Program is obtained by completing a one-page application that includes a brief survey of the applicant's health. No physical examination is required to apply. The majority of plan applicants are approved. Redemption of the claim is available 24 hours after the claim is made pending its approval.
Some services for the family support portion of the program include comparing the costs of local funeral homes, filing the policy holder's final wishes for family use and answering questions via a free hotline available 24 hours a day, seven days a week. Individuals interested in the program can call Lincoln Heritage Life Insurance Company or visit the business's website to request additional information.