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Lincoln National life insurance review

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High-value coverage with flexible income requirements's rating: 4 / 5


  • Get a quote if you’re looking for universal life or coverage with a high face value.
  • Pick something else if you need standard life insurance.

18 to 80

Issue Age

10000 to $1 million



Medical Exam Required


Free quote Call customer service.
Available states All 50 states
Policy options Term life, universal life
Term lengths 10, 15, 20 or 30 years
Issue age 18 to 80
Coverage 10000 to $1 million
Medical exam required Yes
Monthly cost $50/month
Claim methods Online
Customer support Phone
Riders Accelerated death benefit rider, Critical illness benefit rider, Spouse rider

Expert review

Sarah George

Review by

Sarah George is a writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.

Expert review

Lincoln National Life Insurance provides a suite of products, especially focused on universal life insurance. Its high face value amounts mean you can ensure your family sees financial stability after you’re gone. Or use the cash growth benefits on your permanent policy for personal income, supplementary retirement income or for your business purposes.

The company caters to people with high net worth or small to large businesses. But if you’re in the market for a universal life policy, this company doesn’t include the same income restrictions as other providers. Its experience and financial stability make it a worthy contender.

However, if you’re looking for simplified life insurance products, weigh other life insurance companies before making a decision.

What types of life insurance coverage does Lincoln National offer?

Lincoln National offers a range of policies, including high-value term or in-depth universal life insurance. Compare the kinds of coverage you can choose from:

Type of coverageBrand nameKey features
TermLincoln TermAccel Level TermCovers anyone at or under age 60 up to $1 million.


Lincoln LifeElements Level Term
  • Offers coverage over $1 million for those at or above age 30.
  • Offers coverage over $500,000 for those at or above age 55.
Universal lifeLincoln LifeGuarantee ULOffers flexible premiums and death benefits that you can change while insured.

Universal life

Lincoln LifeGuarantee SULA survivorship policy with flexible cost and benefits — pays out once both policyholders die.
Indexed universal lifeLincoln WealthAccumulate IULGrow part of your premium as a cash asset with minimum guaranteed returns.

Indexed universal life

Lincoln WealthPreserve IUL
  • Offers a long-term death benefit for beneficiaries for 40 years or until they turn 90, whichever comes first.
  • Grows your account with minimum guaranteed returns.
Variable universal lifeLincoln VUL OneGrow your cash value while deferring taxes with over 70 investment choices.

Variable universal life

Lincoln AssetEdge VUL
  • Offers more investment options than the One plan, including an optional chronic illness rider.
  • 20-year no-lapse guarantee

Variable universal life

Lincoln AssetEdge Exec VULUse the cash payouts for a business benefit, like funding a business continuity plan.

Variable universal life

Lincoln SVUL One
  • A survivorship policy that guarantees a death benefit.
  • Stop paying premiums, extend your benefits or access cash when you reach a threshold.
New York policies


The company provides several variations of these products with different features fit for New York customers.

What riders can I add to my life insurance policy?

Lincoln National includes a few riders to help you take care of yourself and your loved ones:

  • Chronic illness protection. Several policies like indexed universal life offer the option to pull from your cash growth for expenses related to long-term illnesses.
  • Terminal illness protection. A few options like variable universal life let you access policy benefits if you suffer from a terminal illness. Benefits are available from the policy start date, but you have to buy this rider at an extra cost.
  • Spouse. Aside from survivorship policies, most companies let you add your spouse as a named insured to the policy. The policy then pays out when either one of you dies.

How much does Lincoln National cost?

Term life insurance typically costs anywhere from $50 to $150 monthly. However, you can expect your universal life insurance to cost more because of its cash asset benefit. Your exact rates depend on factors like your:

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

Pros and cons of Lincoln National life insurance


  • Variety of options. Lincoln National offers multiple term and universal life insurance products to help with your wealth-building or financial protection needs.
  • High coverage amounts. Whether you’re choosing term or permanent coverage, choose policies worth millions.
  • Flexible income requirements. A few policies won’t deny you coverage based on income restrictions, although there may be limits.
  • Business benefits. Executive policies let you use your cash growth for your business, including key person insurance or funds for your business continuity plan.
  • Strong, experienced insurer. Lincoln National’s Superior AM Best rating and more than a 100 years of service proves the company’s longevity and ability to pay out claims.


  • Age restrictions. Some policies limit the age for older policyholders more than competitors would, such as the TermAccel Level Term policy to those under age 60.
  • No whole life policies. Universal life policies need more hands-on management. Those in the market for more simple permanent life insurance will need to look elsewhere.
  • No customer reviews. The company’s lack of reviews leaves potential customers with an incomplete picture of its customer service or claims process.

Compare alternatives to Lincoln National

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Lincoln National life insurance reviews and complaints

Lincoln National doesn’t have any reviews or complaints from customers from reputable sources like the Better Business Bureau (BBB) or Trustpilot. It also doesn’t hold any BBB business ratings as of April 20, 2020. However, Lincoln National does hold an A+ (Superior) financial rating from AM Best.

How do I sign up?

To start your application or request a quote, you’ll need to contact the customer service team. The process might look like this:

  1. Call 800-487-1485 to talk with the life insurance customer service.
  2. Give the rep personal details like your name, address and specifics about your health.
  3. Choose your preferred type of policy and schedule a medical exam.
  4. Provide necessary medical or personal documents and then wait for your personalized quote.
  5. If you accept, you may receive your policy documents by email or mail. Review the policy carefully, asking questions as you go.
  6. Complete the paperwork, sign and finish up with the payment process.
  7. Start your policy on the assigned date.

More about Lincoln National

Named after President Abraham Lincoln, Lincoln National Financial Group started in 1905 with a goal to help people improve their financial freedom. The business is now a group of companies that offers life insurance, retirement planning and employee benefits, working with all types of customers — individuals, families and employers.

As of April 2020, a few notable milestones include its 115 years of service in insurance and it’s strong growth and financial standing in the Fortune 500 list for the past 25 years. It ranked 187 out of 500 in 2019. In both 2013 and 2015, it was named the Best Life Insurance Company in the US by World Finance magazine.

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