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Lincoln National Life Insurance
Company Review
Lincoln National Life Insurance is a subsidiary under the well-known Lincoln Financial Group. Founded in 1905 by Robert Todd Lincoln, President Abraham Lincoln’s son, this company has always striven to demonstrate the same honesty, dependability, and integrity as its namesake. It has worked hard over the last century to become a name that customers can trust with their lives, leading many other companies in customer service and expertise.
Lincoln National Life Insurance
- P.O. Box 21008
Greensboro, NC 27420-1008
As far as accolades go, Lincoln National held the World Finance Global Insurance Award for Best Life Insurance Company in America three years in a row (2015, 2016, and 2017). They also rank among the top life insurance providers in terms of financial strength on the A.M. Best, Standards & Poor’s, as well as the Fitch and Moody’s indexes.
Advantages of Lincoln National
One thing that Lincoln National prizes above all is the satisfaction of its customers. From the security of your personal information to the responsiveness of their customer support team, this company puts considerable effort into placing you first in every aspect of their business. They even have a reimbursement policy for data breaches and cyber-crime losses that may occur on their end.
Additionally, Lincoln Financial has a wide variety of insurance products that cater to people from every demographic and socioeconomic background. It offers excellent coverage for those with most types of pre-existing health conditions
Available Products
Term Life Insurance Products
Lincoln TermAccel Level Term: Lincoln National offers this term life insurance option for those aged 60 and under who are looking for $1,000,000 of coverage 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 National offers this term life insurance product for those aged 30 and up who are looking for $1,000,000 or more in coverage, 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 offers six different universal life products and three different indexed universal life products (although many are not available in the state of New York).
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
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 undergo a medical exam. They also state that if an employee becomes unable to work for more than six months, they’ll waive the premium.
Lincoln National Ratings
One of the most important factors in choosing a life insurance provider is the company’s ratings. The ratings below demonstrate Lincoln National’s financial strength as a company. Having a life insurance company go bankrupt before the end of a policy can be rectified by the government depending on the state in which you, but it is not a situation in which you want to find yourself. Therefore, assessing the financial strength of a company is paramount to making the right choice for the long term.
| Agency | Rating | Description |
| A.M. Best | A+ | Superior |
| Standard & Poor´s | AA- | Very Strong |
| Moody´s | A1 | Good |
| Fitch | A+ | Superior |
Conclusion
Ultimately, Lincoln National is one of the most solid choices available for a life insurance provider. It is reliable, customer-focused, top-rated in financial strength, and offers a diverse array of insurance products for all walks of life. Aside from the inconvenience of having to fill out and mail physical forms, Lincoln National offers enough benefits to make it worth your while.
Life insurance is a multifaceted industry. There are many different factors that can make or break your policy-buying experience, and choosing the right provider is only one of those factors. Rather than being overwhelmed with options and possibilities, it’s always best to have a qualified life insurance agent assess your case and help you make the best decisions for your future and the future of your loved ones.
Here at LifeQuote, we partner with Lincoln National along with many other of the nation’s leading life insurance providers to help you shop your policy around and find the best coverage at the lowest rates. We take everything into account and handle all of the correspondence with the provider. Getting started is as easy as getting a quote from our free online generator.
