If Lincoln Memorial or Memorial Service provides insurance coverage that secures pre-need funeral contracts, is the coverage in jeopardy?
No, that insurance coverage is not in jeopardy. Under the Plan, the individual state guaranty associations will pay for policy obligations, according to the terms of the Plan, provided that the insurance policy is still in effect.If the pre-need contract or insurance policy requires continuing payments, then consumers should continue making these payments (and bring any late payments current), otherwise their insurance coverage could be cancelled.
No, that insurance coverage is not in jeopardy. Under the Plan, the individual state guaranty associations will pay for policy obligations, according to the terms of the Plan, provided that the insurance policy is still in effect. If the pre-need contract or insurance policy requires continuing payments, then consumers should continue making these payments (and bring any late payments current), otherwise their insurance coverage could be cancelled. Effective 7/1/2011 the Memorial Service covered obligations were assumed by Investors Heritage. Refer to the “Home” page for contact information.
