Insurance Funding for Pre-Arranging Funerals
LCBA (Loyal Christian Benefit Association), founded in 1890,
is a fraternal not-for-profit insurance provider that operates
under the "common bond" of Christianity and returns earnings
from the sale of financial service products to our member
customers and their communities in the form of direct member
benefits and support of local community service projects.
- Issued over 29,000 Pre-Need
- Totaling over $177 Million
We provide competitively priced, financially secure life
insurance and annuity products. The Independent Standard
Analytical Services, Inc., shows LCBA as having greater solvency
than nearly half of 25 of America’s largest life insurance
companies, with twice the average percentage of liquid assets.
"Our family would recommend LCBA to any
funeral home in the country. You’re dealing with a strong
company, good return, and very honest people."
Chuck St. John - Funeral Director
St. John Funeral Home - Bedford, OH
Working with a Trust?
A few main differences between our products and trusts you
should be aware of:
Our products have no administrative fee.
Nobody works for free – including trustees. Trust
administrative fees are generally based on a percentage of the
assets under management and can easily run into the thousands of
dollars per year. One trust we recently reviewed had fees of
over $8,400 a year.
By law LCBA life insurance and annuity
products grow on a tax deferred basis, so policy
certificateowners don’t get a “nuisance” 1099 each year.
The gain from growth in a trust account is considered income
so someone has to pay the income taxes on that gain each year.
Either the trust pays the taxes from the account values, or
sends a 1099 to each trust participant.
thousands of dollars per year. One trust we recently reviewed
had fees of over $8,400 a year.
Our growth is consistent and the value
of the death benefits don’t "go backward".
Most trusts invest in bonds and stocks - assets that are
subject to market fluctuation. Although the gains in trusts can
be attractive, values can plunge very quickly. In 2008 many
trusts experienced a drop in value of over 40%! When this
happens (and it’ll probably happen again), it can take months or
possibly years for account values to recover. Until trust
account values recover, when a participant in the trust dies his
or her account may be hundreds or thousands of dollars short of
providing the funds to pay for the funeral. Placing your
family’s pre-need funds in LCBA insurance and annuity products
insulates you and your families from these roller-coaster
The Director's Path Website offers a 24-hour "Agent Only"
portal (accessible by a user ID and password) that provides you
with access to our on-line application, information on policy
death benefit values, forms, discounted insurance license
continuing education courses, 24 hours a day, 7 days a week.
Our application kits are designed to be quick and easy to
complete and we offer an on-line application that saves time and
is virtually error-proof!
Funeral Home Benefits
The Director’s Path
Our secure “Agent Only” website provides you with access to
our on-line application, information on your preneed accounts,
forms and commission statements 24 hours a day, 7 days a week.
LCBA’s online application is easy to use and can be customized
with specific packages you can offer, which makes completing the
application process more efficient.
Toll Free Pre-Need
call the LCBA Pre-Need Support Hotline, the phone is answered by
individuals with over 75 years of combined experience. Our goal
is to provide you with one-call service.
Fast Fax Claim Service:
submitted by fax before 12:30 p.m. are processed that day, with
payment direct deposited into the funeral home account and
usually available the next banking day.
Software to make calculating death benefit “bumps” easy.
Includes a print function to produce a well-designed
presentation for family discussions. iPhone and iPad apps also
Data Mining Support Pre-need Education Kits A d Templates and
Design Services Turnkey Seminar Presentations Direct Mail
Campaigns Co-op Advertising
- A FREE aftercare program
- Scholarship availability for
children and grandchildren
- Prescription Drug Discount
Program for all family members
- ID Theft protection
- Discount program for hearing
Our net proceeds are returned back to our members and their
communities instead of paying shareholders like other commercial
providers. To learn more please visit –
our member benefits page.
"My husband Stanley and I have
made our pre-need arrangements using LCBA along with my
sister Marion who passed away last year. Everything for
Marion’s funeral went very smoothly. We have 16
grandchildren most of whom attend Christian schools. During
the last several years we have entered several of them in
drawings for scholarships offered by LCBA. They have
received 13 scholarships totaling $2600 over the years.
This has been financially helpful to their parents. This is
only one of the many benefits to membership in LCBA. I most
heartily recommend enrollment in LCBA."