Lincoln National Life Insurance Company Review

About Lincoln National Life Insurance Company

Lincoln National Life Insurance CompanyLincoln National Life Insurance Company is one of several sister organizations underneath the umbrella of Lincoln National Corporation, more commonly known by their marketing name, Lincoln Financial Group. A company with a provenance steeped in the U-S presidency, Abraham Lincoln’s son, Robert Todd Lincoln, founded it in 1905. Lincoln Financial Group has been working for decades to provide honest, dependable financial services to help people feel in control, confident, and prepared for their futures. With an optimistic focus on creating value that caters to unique customer needs, Lincoln Financial Group provides the expertise and support that, when added together, result in one of the best financial service companies in the United States, especially when it comes to life insurance.

Today there are 17 million customers who have trusted Lincoln Financial Group with their financial planning, including life insurance. With CEO Dennis R. Glass at the helm, the Lincoln National Corporation has grown and moved their headquarters to Philadelphia, Pennsylvania, where incidentally many people are now searching for their life insurance products.

Lincoln National Life Insurance Company has become a forerunner in financial strength, winning the World Finance Global Insurance award for Best Life Insurance Company in America three years in a row (2015, 2016, and 2017). As of March 2018, they rank high with all financial strength rating agencies: 2nd highest with A.M. Best, 4th highest with Standard & Poor’s, and 5th highest with both Fitch and Moody’s.

Lincoln National Life Insurance Company ratings

Why Buy Life Insurance with Lincoln National?

Lincoln National is a company with integrity. You can trust Lincoln National with your information as they highlight cybersecurity as one of their top priorities. They partner with their customers to ensure all their information is kept private and secure, protecting their accounts and offering a reimbursement policy for any cyber-crime related losses. There’s also an emphasis on diversity and inclusion, both for employees and for customers. This is evident in the variety of services and products offered to meet the needs of people from all different backgrounds, in all different stages of life, not discriminating based on age, race, gender, spiritual background, or political beliefs.

Life Insurance Products Offered by Lincoln National Life Insurance Company:

Term Life Insurance Products

Lincoln TermAccel Level Term: Lincoln offers this term life insurance option for those aged 60 and under, seeking a face value of $1,000,000 or less. There’s a simple phone interview application, and all processing is done electronically, enabling many applicants to get approval within a couple of days if no lab work is required.

Lincoln LifeElements Level Term: Lincoln offers this term life insurance product for those aged 30 and up seeking a face value of $1,000,000 and up, or for people age 55 and up seeking $500,000 or more. There’s also a brief phone interview, and certain applicants may qualify for no exam or lab work.

Supplemental benefits offered with both Lincoln TermAccel AND Lincoln LifeElements include:
• Accelerated Benefits rider
• Children’s level term insurance rider
• Waiver of Premium Rider
• Convertibility option should your life insurance needs change with time

Universal Life Insurance Products

Universal life insurance is a type of permanent life insurance with a cash value accumulation, flexible premiums, death benefit flexibility while in force, and is tax-deferred. Lincoln National Life Insurance Company offers six different Universal life products and three different Indexed Universal Life products (although many are not available in the state of New York).

Additional options offered for Lincoln National’s universal life insurance products include:

• Accelerated benefits rider
• Accelerated benefits rider w/critical illness
• Lincoln LifeEnhance and LifeAssure accelerated benefits riders
• Accidental death benefit rider
• Assured distribution endorsement
• Spouse term or Children’s term rider
• Change of Insured rider
• Disability waiver of monthly deductions benefit rider
• Disability waiver of specified premium rider
• Guaranteed insurability rider
• Guaranteed policy split option rider
• Minimum death benefit endorsement
• Exec rider
• Estate protection rider
• Over-loan protection endorsement
• Supplemental coverage rider

Variable Universal Life Insurance Products

Much like universal life insurance, variable universal life includes all the same benefits with the added factor of being able to choose how to invest your premiums. Lincoln National offers a wide array of variable life insurance products:

• Three single life insurance products
• Three survivorship products: Guaranteed protection for two lives plus growth potential
• Two single-life insurance products specifically designed for use in New York
• Ten different Lincoln VIP Trust insurance products

The Lincoln National Insurance Company website offers plenty of “Fact Sheets” detailing all the life insurance products they offer, giving you a clear understanding of what each product can do for you. Just click the product you want to learn more about and download the fact sheet to get all the details you need to make an informed decision.

Lincoln National also offers workplace life insurance policies. Employers can choose from Term Life Insurance products, with the option of adding AD&D coverage (Accidental Death and Dismemberment). The great news for employees with this coverage is if they leave the company, they can keep their coverage with Lincoln National, or even convert coverage to an individual life policy, without needing to do a medical exam. They also state that if an employee becomes unable to work for more than six months, they’ll waive the premium.

Life Insurance is For Everyone:


TermUniversalVariable Universal
Type of CoverageTemporaryPermanentPermanent
Payment from PolicyholderFixed PremiumFlexible PremiumFlexible Premium
Tax-Deferred Growth PotentialNoYesYes
Dependent on Investment PerformanceNoNoYes
Death Benefit Guarantee OptionsYes, within term onlyYesYes

Online Tools Offered

Though variety is always a good thing, trying to decide which life insurance product is actually right for you can be a daunting and overwhelming task. Thankfully, Lincoln National Life Insurance Company offers plenty of great tools right on their website to help you get started:

Needs calculator: Enter a few bits of information such as your income, age, long-term and short-term financial needs plus any children and get an estimate of how much life insurance coverage you should buy.

>> Its never too late. Calculate your life insurance needs NOW with our free online calculator.

Life Expectancy Calculator: This is a great place to start if you aren’t sure how long you’ll need coverage for, especially if your thinking of buying term life insurance. This calculator uses info such as your gender, age, height and weight to determine your life expectancy.

“How Long Will My Current Life Insurance Proceeds Last?” Tool: Entering a few bits of info about your insurance policy and other assumptions will give you an estimate as to how long the total proceeds will last for your loved ones after you’re gone.

Lincoln Financial Group offers a variety of budget planning tools for savings, insurance, retirement, and even debt repayment as part of their mission to equip you to be in control of your finances and confident about your future. They even offer a ‘Questionnaire’ to get you started on the right track of your financial journey. They’ll ask you questions such as:

• Where are you in your financial planning?
• Your age, interest in investments, current savings for retirement
• Your financial priorities

It then gives you a customized results page to assist you in your first steps.


Sample Life Insurance Quotes From Lincoln National:

Client Profile
Annual Premium with
Lincoln National Life Insurance
50/year old Male, Non-Smoker, 20-year term with $500,000 face value$899
40/year old Female, Non-Smoker, 20-year term with $500,000 face value$435


Lincoln Financial Customer Service

There are plenty of customer service resources specifically for life insurance found on the Lincoln Financial website. Customers can easily search for a life insurance advisor in their area with their advisor search page. They can use the chat feature to speak with a representative as they’re browsing insurance products or find answers to questions using the “FAQ” tab. Other tabs provide resources like contact information, finding a specific life insurance form, or starting a life insurance claim online. Overall Lincoln National life insurance company’s website is designed to cater to the customer’s own financial needs. They equip their customers with videos, blogs, and other tools to help them make the best choice for the best plan, including when they’re shopping for life insurance.

What’s the Next Step?

Now that you have read the review on Lincoln National Life Insurance Company, it’s time for some comparison shopping. Getting online life insurance quotes from different carriers gives you an option to choose the company that best suits your needs.

About LifeQuote

LifeQuote is an independent life insurance agency that currently represents dozens of the top-rated life insurance companies. We align our client’s unique needs, health and lifestyle with the various niches these top insurance carriers offer and then present them with best life insurance quotes that they are not able to find themselves.

“We find out what you need and then we look for the lowest priced yet the best life insurance company.”

If you are really into saving thousands of dollars on your life insurance premiums, then give us a chance to earn your business. Call us Now and talk to our life insurance representative on how you can save money!

If you enjoyed our Review on Lincoln National Life Insurance Company or have additional questions, please leave a comment below.


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