American Amicable vs. Lincoln: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. Lincoln, Lincoln came out on top. American Amicable holds the higher Better Business Bureau rating. However, Lincoln not only has the higher A.M. Best rating but offers more affordable rates to men of various ages as well. Compare American Amicable vs. Lincoln life insurance quotes to see which company works best for you.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: May 10, 2021

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Quick Facts

  • Lincoln and American Amicable offer comparable rates to women of various ages
  • Lincoln offers more affordable rates to men of various ages
  • Lincoln is more well-reviewed by A.M. Best
  • American Amicable is more well-reviewed by the Better Business Bureau

The process of comparing life insurance companies can be a lengthy and stressful one. To make it easier for you, we’ll be focusing exclusively on American Amicable vs. Lincoln.

We’ll cover both company pricing as well as company ratings in our Lincoln vs. American Amicable life insurance review. Bear in mind we’re discussing Lincoln National, not Lincoln Heritage Life Insurance.

Before jumping into this American Amicable vs. Lincoln Life Insurance Company review, type your ZIP code into our free and helpful tool above.

American Amicable vs. Lincoln: Which company offers more affordable rates to women?

If you’re like most people, when you begin comparing life insurance companies, you probably want to know about price before anything else.

Let’s take a look at a table showing the rates offered to women for a 20-year $250,000 term life insurance policy.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
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Is it easy to find affordable American Amicable vs. Lincoln life insurance quotes? As you can see, for women in their 50s, Lincoln is nearly $26 cheaper per month than American Amicable.

For women in their 60s, Lincoln is the more expensive company by $24 per month.

With this information, our American Amicable vs. Lincoln National life insurance review comparison has shown us that the companies offer comparable rates to women of various ages.

Let’s see if this holds true in our next section when we analyze American Amicable vs. Lincoln Life Insurance rates offered to men.

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Which company offers more affordable rates to men?

This next table will show the rates offered to men of various ages for a 20-year term life insurance policy valued at $250,000.

Sample Average Male Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
Company Age 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
Banner $40.85 $111.13
Cincinnati Life$27.28$56.76
Fidelity Life $54.59$73.92
 Foresters $42.66 $114.84
Liberty Mutual$40.32$95.58
 Lincoln $46.55 $190.53
Mutual of Omaha $46.55 $134.05
Haven Life$25.72$65.77
John Hancock$44.47$115.00
MassMutual$37.59$87.42
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As you can see, for men in their 50s, Lincoln is over $41 cheaper per month.

For men in their 60s, things reverse in this section as well. For this category, Lincoln is the more expensive company. Fortunately, it’s by only eighteen cents.

So, again, the rates are pretty comparable, but Lincoln does offer significantly cheaper rates for men in their 50s.

So, if you’re deciding between whether to buy American Amicable vs. Lincoln Life Insurance, you have a reason to go with the latter.

Next, let’s compare American Amicable life insurance reviews and Lincoln life insurance reviews to see if Lincoln ends up winning this thing.

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American Amicable vs. Lincoln: Which company is more well-reviewed?

As we said, we’re now going to be analyzing company reviews for Lincoln and American Amicable products.

A positive rating from one or both of these two rating organizations can give you confidence that a life insurance company has and will continue to have financial strength.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.”

American Amicable received the Better Business Bureau’s highest rating of “A+.” American Amicable is also BBB accredited.

What score did the Better Business Bureau give Lincoln? It turns out that Lincoln has not been rated or accredited by the BBB.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.”

American Amicable has an A.M. Best FSR of “A-” (Excellent).

What FSR did A.M. Best give Lincoln? Lincoln received an even higher rating of “A+” (Superior).

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR).

A Long-Term ICR can be issued on a long-term basis or short-term basis. This scale goes from the high end of “aaa” (Exceptional) down to the low end of “c.”

American Amicable received a rating of “a-.” Again, Lincoln received a higher rating of “aa-.”

In short, you have two great options here, but Lincoln has the edge.

Now that you’ve finished this American Amicable vs. Lincoln life insurance review, type your ZIP code into our free and helpful tool below. You will find affordable life insurance quotes in your area.

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