To cancel a Lincoln Heritage life insurance policy, send Lincoln Heritage Life Insurance Company a signed, dated written request naming your policy number and the date you want coverage to end, then get written confirmation that it has terminated. Most Lincoln Heritage policies are sold as Funeral Advantage, which bundles the coverage with a free membership in the Funeral Consumer Guardian Society, and that membership ends along with the policy.
Lincoln Heritage Life Insurance Company was founded in 1963 and its main product, Funeral Advantage, pairs a final expense whole life policy with a free membership in the Funeral Consumer Guardian Society, a funeral planning and price comparison service.
The funeral planning membership ends when the policy does
Funeral Advantage is not just a death benefit. Every policy comes with a free membership in the Funeral Consumer Guardian Society, an organization that helps a family document funeral wishes, compare prices at local funeral homes, and get guidance from a live representative at the time of a death. That membership is a real benefit, and it is separate from the insurance itself in the sense that it lives at the Society rather than on your premium notice, which is exactly why people forget it is there. Cancel the policy and the membership ends with it. Before you cancel, it is worth finding out what your membership currently offers, since a family that has already done its funeral planning through the Society may value that more than they realize, while a family that never used it may feel differently about giving it up. Either way, know what you are ending, not just what you are stopping paying for.
How to cancel, step by step
- Find your policy number. It is on the policy itself and on any statement. Work from your own documents rather than from a letter you were not expecting.
- Put the request in writing. Sign and date it, name the policy number, and state the exact date you want coverage to end. A phone call alone leaves you nothing to point at later.
- Say if you are inside the free-look window. If the policy is new, your state may entitle you to a full refund. Make that request explicit rather than assuming it is applied.
- Ask for written confirmation. You want the termination date and, if there is cash value, the amount being released. Keep it.
- Stop the payment last, not first. Only once the insurer has confirmed the policy has ended. Stopping the draft first creates a lapse rather than a cancellation, which is messier and can cost you the cash value.
What to check before you send it
These are the things people most often wish they had looked at first. None of them are reasons not to cancel. They are the difference between a decision and a regret.
- What your Funeral Consumer Guardian Society membership includes. Ask what services are currently attached to your membership, such as final wishes planning, secure document storage, or funeral home price comparisons. These end with the policy and rarely show up on a billing statement, so most people never think to check.
- Whether you are still in the free-look window. If the policy is new, your state free-look period may entitle you to a full refund of what you paid. Say so explicitly in your written request if it applies to you.
- The cash value on your policy. Funeral Advantage is whole life coverage, so it can build a modest cash value over time. Your current statement shows the surrender figure, and surrendering ends the coverage permanently.
- Who can service the policy going forward. Lincoln Heritage sells through its own dedicated agents rather than independent brokers. If the agent who originally helped you is no longer reachable, the company itself or another Lincoln Heritage agent can still service the policy directly, which is usually simpler than searching for an outside agent to help.
- Whether the coverage amount still fits the need. Final expense policies are sized to cover funeral and burial costs. If those costs have changed, or if you already have prepaid funeral arrangements elsewhere, it is worth confirming the numbers still line up before you decide either way.
When cancelling is the right answer
Cancelling makes sense when the coverage genuinely duplicates something else you already have, such as a second final expense policy or a prepaid funeral plan that already covers the cost. It also makes sense when the premium has become a real strain on a fixed income and no smaller option is available. A good review says so plainly rather than talking you out of it.
Common questions
How do I cancel a Lincoln Heritage life insurance policy?
Send Lincoln Heritage Life Insurance Company a signed, dated written request that includes your name, policy number, and the date you want coverage to end, and ask for written confirmation that the policy has terminated. Contact details for policy service are printed on your policy documents and statements.
What happens to my Funeral Consumer Guardian Society membership if I cancel?
It ends when the policy does. The membership is included free with a Funeral Advantage policy but is not a separate contract you keep on your own, so cancelling the insurance also cancels the funeral planning benefit. Ask what your membership currently includes before you decide.
Is Funeral Advantage the same thing as my Lincoln Heritage policy?
For most policyholders, yes. Funeral Advantage is the name of Lincoln Heritage Life Insurance Company's main final expense program, combining a whole life policy with the Funeral Consumer Guardian Society membership. Your policy documents will confirm which product you actually hold.
My original agent is gone. Can I still get help with my policy?
Yes. Lincoln Heritage sells through its own dedicated agents rather than independent brokers, so a departed agent does not leave the policy unattended. You can contact the company directly using the details on your statements, or another Lincoln Heritage agent can service the policy in the original agent's place.
Will I get any money back if I cancel?
It depends on timing and product. Inside your state free-look period you are generally entitled to a full refund of premium paid. Outside it, Funeral Advantage is whole life coverage, so it may have built a modest cash value, and surrendering the policy releases that amount.
Do I need to keep paying if I have already started funeral planning through the Society?
That is a personal call, not a financial one. Some families keep the policy specifically because the final wishes documentation and price comparisons are already in place. Others feel the planning work is done regardless of whether the policy stays active. Either is a reasonable answer once you know what you are giving up.
Will my coverage end the day I ask to cancel?
Not usually. Most life insurers end coverage on the next premium due date or on the date they process a signed request, whichever the contract specifies. That gap matters, because until the policy actually terminates you are still covered. Never treat a phone call as the end of it: confirm the termination date in writing and keep the confirmation.
Should I just stop paying instead of cancelling?
It is simpler than it looks to do this badly. Stopping payment starts the grace period, and if the policy has cash value the insurer may keep it in force by taking loans against that value, which can quietly drain it. A written request creates a clean, dated record of what you asked for and when. Cancelling on purpose is always tidier than lapsing by accident.
Free · No obligation
Before you cancel, get one honest read on it.
A licensed professional will go through your Lincoln Heritage policy with you, tell you what it is worth today, what you would lose by ending it, and whether anything better is actually available at your age and health. We are independent, and a review that ends in keep what you have is a perfectly good outcome.
Mon-Sat · 10am-9pm
This guide is general information, not legal, tax, or financial advice. Cancellation terms, refunds, and free-look windows depend on your contract and your state. Policy Review Center is a free comparison and referral service, not an insurance agency, insurer, or producer, and it connects you with independent licensed agents. Carrier names are used for reference only and do not imply any endorsement or affiliation.