Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Sep 20, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Truth in a Nutshell

  • Lincoln National Life Insurance Company provides term life and universal life insurance products
  • Policyholders 25 years old and younger can have premiums as low as $9/mo
  • A.M. Best affirms an “A+” rating for Lincoln life insurance services

Lincoln National Insurance Company is a subsidiary of the Fortune 500 companies in the United States.

It’s a high-earning life insurance provider with presidential connections and a reputation for providing premium insurance service.

But how does life insurance work at Lincoln Financial Group?

Read our Lincoln life insurance review to explore what products are available, how you can access affordable Lincoln life insurance quotes, the company’s third-party ratings, and other significant details.

If you want to compare companies other than Lincoln Life Insurance Company, enter your ZIP code to explore multiple companies in your local area.

What products are available at Lincoln Life Insurance Company?

Lincoln National Life Insurance Company offers annuities, workplace benefits, retirement plan services, term life insurance, and universal life insurance. The company offers consumer-friendly insurance coverage options that can be purchased over the phone.

Each of Lincoln’s life insurance policies has a name. Here’s a list of the policies you can purchase:

  • TermAccel Level Term
  • LifeElements Level Term
  • Lincoln LifeGuarantee UL (2019)
  • Lincoln LifeGuarantee SUL (2019)
  • Lincoln VUL One (2019)
  • Lincoln AssetEdge VUL (2015 NY, 2020)
  • Lincoln AssetEdge Exec VUL (2020)
  • Lincoln SVUL One (2019)
  • Lincoln WealthAccumulate IUL (2019)
  • Lincoln WealthPreserve IUL (2019)
  • Lincoln WealthAdvantage IUL NY
  • Lincoln WealthPreserve IUL (2017 NY, 2019)

UL is an abbreviation for universal life insurance, VUL is short for variable universal life insurance, IUL stands for indexed universal life, and SUL is survivorship universal life insurance.

Policies can be purchased by completing a phone interview. Some people who apply can qualify for coverage quickly without a medical exam/lab test. The company provides a wide range of universal, variable universal, and indexed universal life insurance policies including a survivorship variable product. Survivorship life insurance protects two people, usually a married couple, on one policy. The policy pays out when the second person dies.

In addition to various policies, you can add an optional rider to your policy. For example, a critical illness rider may speed up death benefits for your beneficiary.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

How much are Lincoln Financial life insurance rates?

The most frequently asked questions involve the cost of life insurance. Some companies have private life insurance rates, but Lincoln Financial Group provides sample rates for potential customers.

Lincoln Life Insurance Rates by Age, Coverage Limit, Gender, and Non-Smoking Status
Ages of Non-Smoking PolicyholdersMonthly Rates for $100K Coverage Limit and 10-Year Term Policy (Male)Monthly Rates for $100K Coverage Limit and 10-Year Term Policy (Female)Monthly Rates for $250K Coverage Limit and 10-Year Term Policy (Male)Monthly Rates for $250K Coverage Limit and 10-Year Term Policy (Female)
Get Your Rates Quote Now

Compare RatesStart Now →

These prices reflect a 10-year term with coverage amounts of $100,000 to $250,000. The more you need on your death benefits (coverage limits), the more you’ll pay for life insurance.

Age and gender are factors you can’t change with a life insurance company. Young women pay the least for life insurance, but older men pay the most.

Does Lincoln National Life Insurance Company have good ratings?

According to A.M. Best, Lincoln Financial Group and its subsidiaries have an “A+” rating. This means Lincoln National Life Insurance Company has a stable financial outlook.

Also, it means that Lincoln life insurance has a superior ability to meet obligations to customers. However, the Better Business Bureau reported more than 60 complaints in the last three years.

What about customer reviews? Customer satisfaction ratings show a company’s performance with its customers.

According to J.D. Power, Lincoln National Life Insurance ranks in the nation’s top life insurance companies with better than average customer reviews.

What is Lincoln Life Insurance Company?

Lincoln National Life Insurance Company is a subsidiary of Lincoln Financial Group. The insurance company got permission from President Abraham Lincoln’s family to use the late president’s name in its company in 1905.

The Lincoln Heritage Life Insurance Company isn’t connected to Lincoln Financial. Londen Insurance Group, Inc owns Lincoln Heritage.

Lincoln National Life is headquartered in Pennsylvania and has nearly 9,100 employees. In 2018, Lincoln Financial Group had $298.1 billion in total assets.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

Lincoln Life Insurance: What’s the bottom line?

You won’t find whole life insurance at Lincoln National Life Insurance Company, but you can choose other permanent life insurance options.

Cheap Lincoln life insurance is available through the term life insurance program, but universal life policies will cost more. Do your research and see which policy type works for you.

Now that you know more about Lincoln life insurance, use our free comparison tool below to compare the best insurance companies in your area.