Engage Mutual has launched an adviser campaign to highlight how it can make quick payouts on its over-50s life cover.
Friendly Societies can (in the event of the death of a policyholder) pay a nominated beneficiary up to £5,000, once the death certificate and claim form are compete the money can be released the next working day.
Over a third of Engage Mutual's customers are able to use the nominated beneficiary option with their plan.
Dominic MacKenzie, a member of the Law Society's Probate Section, and partner at Ison Harrison said: "Probate takes around three months for a simple estate, whilst the average length is six months, and for more complicated estates where property is involved, or inheritance tax, it could take a year or more."
Mackenzie added: "The option should be put in place at the same time as doing your will so that your affairs are easier for your loved ones to deal with when you die. It's staggering that statistics show that 57 per cent of people in the UK will die intestate."
Research by Engage Mutual has shown that most people who take out over-50s life cover want the lump sum to contribute to their funeral. The average cost of a funeral in the UK is now £4,690 for a burial and £3,239 for a cremation.
Engage Mutual has recently launched an updated funeral calculator which shows costs for each county and what future costs are likely to be.
Stuart Tragheim, sales director at Engage Mutual: "The ability to access cash quickly to help pay towards funeral or other expenses takes significant stress away for those dealing with bereavement and loss of a loved one."
Tragheim added: "Advisers tell us that the simplicity of the product is a key advantage to the sales process. But what advisers can also offer their customers through Engage is a quick and easy claim process that can release up to £5,000 within a day of us receiving a claim form and death certificate from a nominated beneficiary - something not available from non-Friendly Society organisations."