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Lincoln National Life Insurance Review

From $50 to $150 a month, Lincoln National Life Insurance offers term life insurance policies. This means that your universal life insurance premiums will likely be higher.

Pros and Cons of Lincoln National Life Insurance

Lincoln National Life Insurance Review - Lincoln National Life Insurance Logo


  • There are several options available.
  • A high degree of security is provided.
  • Requirements for income aren’t set in stone.
  • The benefits for business
  • Strong and knowledgeable insurance firm


  • According to a person’s age, some services are restricted.
  • There is no lifelong coverage for long-term care costs.
  • Clients have not provided any input.

What affects my rate with Lincoln National?

Your exact rates are affected by a variety of variables, including:

  • Age
  • Overall health
  • Occupation and hobbies
  • Amount of coverage
  • Term length, if applicable
  • Extra benefits or riders

How to get a quote from Lincoln National life insurance

If you’d want to get started on your application or obtain a quotation, you’ll need to contact customer support. As an illustration, consider the following scenario:

  1. Call 800-487-1485 to talk with a representative of the life insurance business.
    The representative will need to know your name, address, and any medical information that is relevant.
  2. Make an appointment for a medical exam and decide on the sort of insurance you want.
  3. You may then wait for a personalized quote to arrive in your mailbox once you’ve sent in any appropriate medical or personal data.
  4. Your policy papers will be sent to you in the mail or through email if you consent. Don’t be afraid to ask questions as you go through the policy.
  5. Everything has been signed and the paperwork has been signed off on. The money must be paid by now.
  6. Start your coverage on the scheduled day.

What types of life insurance coverage does Lincoln National offer?

Lincoln National now offers complete universal life insurance in addition to its high-value term plans. Make an educated selection after looking at the many levels of security offered.

  • Term
    • Lincoln TermAccel Level Term – Those under the age of 60 are eligible for coverage of up to $1 million.
    • Lincoln LifeElements Level Term provides over $1 million in coverage for anyone over the age of 30. This plan provides coverage of up to $500,000 per person for those over the age of 55.
  • Universal life
    • Lincoln LifeGuarantee UL – Allows you to change your premiums and death benefits at any time throughout the policy term.
    • When both policyholders die, Lincoln LifeGuarantee SUL — an adjustable-cost, adjustable-benefit life insurance policy that pays out.
  • Indexed universal life
    • Lincoln WealthAccumulate IUL – Invest a percentage of your insurance payments and get a guaranteed return.
    • Long-term death benefit for beneficiaries for 40 years or until they reach the age of 90, whichever comes first in conjunction with Lincoln WealthPreserve IUL. Get a guaranteed minimum return on your investments by increasing the value of your holdings.
  • Variable universal life
    • Lincoln VUL One – Over 70 investment alternatives allow you to enhance your wealth while delaying taxes.
    • Over the One plan, the Lincoln AssetEdge VUL offers an optional chronic illness rider. a 20-year guarantee that payments won’t be late.
    • For example, Lincoln AssetEdge Exec VUL may be used to pay for the costs of an enterprise continuity plan.
    • Lincoln SVUL One – A life insurance policy that provides a death payout in the event of the policyholder’s premature death.
    • When you reach a certain amount, you can no longer make premium payments, but you can keep your benefits or get some cash.
  • New York policies
    • It is possible to select from a variety of products available to New York customers from the company.

What riders can I add to my policy?

Lincoln National has a few riders that can help you care for yourself and your loved ones.

  • Accelerated death benefit rider. If you have a variable universal life insurance policy, you may be entitled to receive policy benefits if you are terminally ill. There is an extra charge for this rider, however benefits begin to accrue on the day of the insurance start date.
  • Critical illness benefits riders. It is possible to use the policy’s cash growth to pay for long-term illness-related expenses through indexed universal life.
  • Spouse rider. Some insurance companies will not let you add your spouse to your policy as a named insured. The insurance company will issue a payment if one of you dies while the other is still alive.

Lincoln National life insurance reviews and complaints

The Better Business Bureau (BBB) and Trustpilot both show no customer reviews or complaints regarding Lincoln National. Furthermore, it had no Better Company Bureau (BBB) business ratings as of October 2020. A+ is the financial rating given to Lincoln National by AM Best (Superior).

About Lincoln National

To help people enhance their financial well-being, the Lincoln National Financial Group, named for President Abraham Lincoln, was created in 1905. Many of the company’s companies now provide a wide range of services, including life insurance, retirement planning, and employee benefits, in order to better meet the needs of its customers of all ages and educational levels.

By the end of April 2020, the firm will have served the insurance sector for 115 years and enjoyed 25 years of tremendous growth and financial success. On our 2019 list of the most useful websites, it ranked 187th. Life insurance business World Finance named it the best in the United States in both 2013 and 2015.

For another insurance review, visit our review of Lincoln Heritage Life Insurance Review.

Discover How Much YOU Can Save on Life Insurance

Our customers save as much as 35% compared to traditional life insurance offers…

Compare Quotes →

Avatar photo About the author: David Krug is the CEO/President of PolicyPeak, a modern and tech-driven life insurance company. David noticed a gap in the market for personalized policies at an affordable price. He founded PolicyPeak in 2022 with the goal of simplifying the buying process for consumers and offering policies tailored to their unique needs.