Lincoln National (Lincoln Financial) Life Insurance Company Review 2021
Pros: Financial strength– Lincoln National Life Insurance Company (Lincoln Financial Group) has an A+ (Superior) financial rating by A.M. Best (second highest of 16 possible ratings). Stability– Lincoln Life was established in 1905, demonstrating durability as an insurer having been around for more than 100 years. Top Insurer– Lincoln Financial is the fourth largest life and health insurer in the country. Smokeless Tobacco Niche– Lincoln is one of a select few companies that offer non-tobacco rates for users of smokeless tobacco such as cigars, chew, dip and marijuana. Height and Weight– Lincoln National Life has favorable underwriting on their build charts for height and weight. No Medical Exam– Lincoln has one of the best no exam life insurance policies on the market in 2021.
Cons: There isn’t not too many cons with Lincoln National Life. For some applications, their simplified issue product called TermAccel can be more difficult to qualify at the Preferred Plus for than their fully underwritten product LifeElements. This is common with simplified issue underwriting.
Bottom Line: Lincoln National Life Insurance Company (Lincoln Financial) is a highly rated life insurer that has been around since the early 1900’s. They are of one of the top insurers in the nation as far as market share. Their life insurance rates on term and universal life are often some of the lowest in the country in 2021. Also, their no medical exam life insurance product called TermAccel is extremely competitive on pricing. On top of all this, Lincoln has an A+ (Superior) financial rating from A.M. Best marking it one of the premier life insurance companies in America in 2021. Lincoln Financial is also well-known locally and nationally for their sponsorship of Lincoln Financial Field which is the home stadium of the National Football League’s Philadelphia Eagles and the Temple Owls football team of Temple University.
Lincoln (Financial) National Life Insurance Ratings 2021
Rating Agency Financial Rating
| A.M. Best | A+ ‘Superior’ |
| Moody’s | A1 |
| S&P | AA- |
| Fitch | A+ |
| Comdex Score | 91 |
Click here for the complete list of life insurance company ratings 2021.
Type: Public-NYSE Traded as LNC Issued by: Lincoln National Life Insurance Company Founded: 1905 Website: www.lfg.comlincoln financial life insu Phone: (800) 487-1485 Mon-Fri 8:00 a.m.-6:00 p.m Address: 1300 S Clinton Street, Fort Wayne, IN 46802 A.M Best Rating 2021: A+ (Superior) Second highest of 16 possible ratings Comdex Ranking 2021: 91 out of 100 BBB Rating: A+ Competitors: Banner Life, Pacific Life, Protective Life, Prudential, Mutual of Omaha, SBLI,Primerica, Principal National, New York Life, , Northwestern Mutual, MassMutual, John Hancock, State Farm, Allstate, Ohio National Life, State Farm, Allstate, Ohio National Life, USAA, North American Co, AIG, Transamerica, Sagicor.
Products
Term Life Insurance
Lincoln TermAccel Level Term
If you’re in good health and looking to get coverage for 10, 15, 20, or 30 years fast, TermAccel is your solution. The process is fully automated and offers affordable coverage quickly.
Lincoln LifeElements Level Term
If you’re looking for a little more coverage for 10, 15, 20 or 30 years for your family, your business or both, Lincoln LifeElements Level Term is your solution. It offers coverage amounts of $1 million and above with dedicated teams that specialize in large cases.
Permanent Life Insurance
Universal Life
Indexed Universal Life
Variable Universal Life
Lincoln National does not offer whole life insurance.
Price Comparison Chart
Sample monthly prices for a 40-year old male for each company’s best health class, $500k 20 year term:
| Amount | Lincoln National | Prudential | AIG | New York Life |
|---|---|---|---|---|
| $500k | $31.41 month | $43.32 month | $29.84 month | $42.02 month |
Term Life Insurance Rates for $1,000,000 20 Year Term 45 Year Old Male
At each companies Preferred Plus health class.
Protective Life- $87.88 month
Pacific Life- $88.40 month
AIG- $88.85 month
Prinicpal National: $88.92 month
Sagicor Life: $90.16 month
Lincoln National- $90.94 month
SBLI: $92.26 month
North American: $93.72 month
John Hancock: $96.36 month
Northwestern Mutual: $103.65 month
MassMutual: $105.71 month
New York Life: $121.93 month
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Brian is a licensed agent and consumer advocate. With over a decade of experience, he shares his extensive industry knowledge to help consumers make informed, strategic decisions when purchasing a life insurance policy.
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