Discover answers to your most pressing questions about funeral funding with our comprehensive Q&A section at Lincoln Factoring. Learn about insurance assignment funding, eligibility, application process, and benefits. We cover everything from documentation requirements to costs, ensuring you have all the information needed for a smooth and informed experience.
What is insurance assignment funeral funding?
Insurance assignment funding is a financial service that advances funds to funeral homes based on a pending life insurance claim. This allows funeral homes to access funeral funding to cover immediate expenses without waiting for the insurance company to process the claim.
Who can benefit from insurance assignment funding?
Funeral homes can benefit greatly from insurance assignment funding as it provides immediate cash flow to cover expenses and manage operations without financial strain. If you or anyone you know has recently lost a loved one, insurance assignment funding can provide the immediate financial relief you desire.
How does insurance assignment funding work?
Its a short and simple process. The process first involves the funeral home assigning the insurance policy benefits to the Lincoln Factoring company. We then advance the funeral home a portion of the expected insurance payout, and provide the cash flow needed to funeral homes to provide services. Once the insurance company processes the claim, we lastly settle the advance.
What documentation is required to apply for insurance assignment funding?
Required documentation generally includes the insurance policy, death certificate, assignment form, and funeral home contract. Our team will guide you through the exact requirements
How do I apply for insurance assignment funding with Lincoln Factoring?
You can apply by contacting our team directly through our website, via email or by phone. We will provide you with the necessary forms and guide you through the application process.
