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 ...

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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...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

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The Truth in a Nutshell

  • Lincoln National Life Insurance Company provides term life and universal life insurance
  • 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, term life insurance, and universal life insurance. 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.

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

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How much are Lincoln 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)
25$9.46$9.46$10.37$8.69
30$9.46$9.46$10.37$8.89
35$9.56$9.56$10.90$9.39
40$10.61$9.94$12.76$11.36
45$14.53$12.69$17.64$15.91
50$20.74$15.95$24.88$20.98
55$27.66$21.50$38.64$29.89
60$39.03$29.84$61.06$42.79
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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.

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Lincoln Life Insurance: 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 insurance 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.