At its founding in 1905, Lincoln Financial was given permission to use the name and imagery of our 16th president by Abraham Lincoln's son, Robert Todd Lincoln. Since then, the company has built upon this name to convey an image of honesty and dependability. At its half-century mark, Lincoln made it into the ranks of the Top Ten life insurance companies in the United States, and remains there today. It was named Best Life Insurance Company in the United States by World Finance magazine in 2013 and 2015. Since 2002, Lincoln Financial Field has been the home stadium of the NFL's Philadelphia Eagles.

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How Does Lincoln Financial Life Insurance Rate?

Financial Strength Rating

  • Source
  • A.M. Best

A.M. Best's Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company's financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/ratings/notice.

Financial Strength is rated on a scale of D (poor) to A+ (superior). A rating notch of either a second "+" or a "-" indicates the gradation of financial strength within the category. We can't guarantee that the subsidiary of Lincoln Financial Insurance rated here is the subsidiary that will underwrite your insurance policy. Check with your insurance agent and review A.M. Best's Financial Strength Rating Guide for more information.

Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best's Credit Ratings™ and Best's Credit Reports which include Best's Credit Ratings™), visit the A.M. Best website at http://www.ambest.com. See Guide to Best's Credit Ratings™ for explanation of use and charges.

Best's Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of MoneyGeek.com or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings™. Best's Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

Pros and Cons of Lincoln Financial Life Insurance

Lincoln Financial


Lincoln Financial's Tele-App process allows qualified applicants (depending on their health histories) to apply by phone for certain life insurance products without lab tests.

It is one of the largest life insurers in the country, with a history of more than a century.

The company offers annuities, as well as retirement, investment and financial services.

The website provides lots of financial tools and resources, and allows you to begin your life insurance claim online.

It has a very low customer complaint ratio, according to the National Association of Insurance Commissioners.


Lincoln Financial does not offer whole life policies.

There is no online quote tool available, so there is no way of telling what your policy might cost without speaking with an agent.

You can't do simple things like change your address or change a beneficiary directly online. You must fax, email or mail in a form or call an advisor.

The company does not offer juvenile polices, only children's term riders.

You can't pay your bill online, though you can enroll in EFT payments.

Lincoln Financial Life Insurance Policy Details

Lincoln Financial does not offer whole life insurance, but does carry term life, universal life and variable universal life. The website does a good job of explaining the differences to help you decide which is best for you, and has a convenient form for getting in touch with an agent if you need more information.

Term Life Insurance

The term life options from Lincoln Financial include the company's TermAccel and LifeElements products. TermAccel is designed for people aged 18 to 50 who want coverage of $100,000 to $500,000. It is available in terms of 15, 20 or 30 years. The application can be completed with a phone interview, and if no lab work is required, you could get your approval in a few days.

LifeElements has a bit more to offer, and is available in terms of 10, 15, 20 and 30 years for people ages 18 to 80 (with some restrictions based on your age and tobacco use). The minimum face amount for the LifeElements policy is $250,000 and the maximum varies according to the policyholder's circumstances.

Both of these term products are convertible to a permanent product, either before the end of the term or before your 70th birthday, whichever comes first. You can add the following riders to either type of policy:

  • Waiver of premium
  • Accelerated benefits
  • Children's term insurance

Whole Life Insurance

Lincoln Financial does not offer whole life insurance products.

Universal Life Insurance

Lincoln Financial offers both universal life and variable universal life insurance. The universal products are LifeGuarantee (also available as a survivorship universal life policy), LifeCurrent and LifeReserve. The first of these includes a level death benefit, while the remaining two each offer a choice of three death benefit options. Numerous riders are available on all three products:

  • Accelerated benefits (no critical illness)
  • Accelerated benefits (with critical illness)
  • Accidental death
  • Children's term
  • Disability waiver of monthly deductions benefit
  • Disability waiver of specified premium
  • Guaranteed insurability
  • Spouse term

The LifeGuarantee policy includes the option of a minimum death benefit endorsement.

The LifeReserve policy offers over a dozen additional options, including assured distribution endorsement, change of insured rider, exec rider, overloan protection endorsement and supplemental coverage rider.

Lincoln Financial also offers three indexed universal life products: Life Reserve Indexed UL Accumulator, WealthAdvantage Indexed UL, and WealthPreserve Survivorship Indexed UL.

The variable universal life policies from Lincoln Financial include both single life and survivor life insurance products, which insure two people on one policy. With either product, you can choose from 70 to 80 variable investment options.

How to Make a Life Insurance Claim with Lincoln Financial Insurance

To file a life insurance claim with Lincoln Financial, you can either call or use the online form. You'll need to provide the policy owner's home address, the policy number and the date of death of the person insured by the policy. If you are unsure of any of this information, it's best to call the claim number and talk with a representative who might be able to help you. Once you know what sort of documentation you will need, you'll find some of the necessary forms right on the website.

How to Contact Lincoln Financial Life Insurance

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