Lincoln National Life Insurance Review [2024]

Lincoln National is a stock insurance company providing financial and retirement planning services, including life insurance policies, annuities, securities, and estate planning. Our Lincoln National life insurance review discusses how Lincoln insurance is affordable and flexible, with an A+ rating from A.M. Best.

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Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of, a financial educat...

Licensed Insurance Agent

UPDATED: Apr 15, 2024

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Lincoln Financial Life Insurance Company
Key InfoCompany SpecificsSource
Year Founded1905Company Site
Headquarters Address150 North Radnor-Chester Rd.
Radnor, PA 19087
Company Websitewww.lfg.comCompany Site
Phone Number(800) 423-2765BBB
Current ExecutivesMs. Eileen Sandelli, Compliance Manager
Mr. Dennis R. Glass, President/CEO

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Finding the information that you need to know about life insurance companies can be a difficult task.

Many insurance companies offer similar products, so whether you’re looking for permanent life insurance, term life insurance, or another life insurance policy, it can be confusing to research and determine which one is best for you.

Our experts have done the research into Lincoln National for you. This Lincoln Financial life insurance review will provide general information about the company, including its parent company, products, and location.

Lincoln Financial Life Insurance quotes don’t appear to be available online.

Before jumping into this Lincoln National review, look for affordable life insurance rates by entering your ZIP code into our online tool to get FREE insurance quotes for your area.

Not yet ready to buy Lincoln National life insurance? Keep reading our guide.

What is Lincoln National Life Company?

The Lincoln National Life Insurance Company of Fort WayneIndiana is a member of the Lincoln Financial Group.

In 1905, a group of Fort Wayne business leaders founded the life insurance company that became Lincoln Financial.

Today, as Lincoln Financial Group, the company offers a range of products that includes life insurance and annuities. They offer coverage across the nation but are still located in Fort Wayne with locations that include Greensboro, North Carolina.

Through various sources, such as the Lincoln Financial website, we were able to find some general information on the Lincoln National Insurance Company. We didn’t see any information on online payment methods.

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What types of insurance products are offered?

Lincoln National offers term and universal life policies. Learn more about each product below for financial protection for your family.

Lincoln Term Life Insurance

Here is some information on Lincoln’s types of term life insurance policies and programs. Lincoln NatLife insurance quotes for these policies are available over the phone.

Lincoln Financial term life insurance comes in two different policy options: TermAccel and LifeElements.

TermAccel is the easier of the two policies to apply and be approved for since it often doesn’t require a medical exam (unless you are a tobacco smoker). Individuals aged 18 to 60 years old can purchase this coverage at competitive pricing.

Coverage ranges from $100,000 to $1 million in terms of 10, 15, 20, or 30 years. However, tobacco smokers over 50 and non-smokers over 55 cannot purchase a 30-year term policy.

Lincoln‘s LifeElements is term insurance with level premium periods of 10, 15, 20, or 30 years. Coverage is to age 80. However, the terms available to each individual will depend on their age and whether they smoke tobacco or not.

While it is possible to get approved for LifeElements without a medical exam, you will have to apply for up to $1 million in coverage through their LincXpress app.

Automatic Coverage Decrease

There will be an automatic face decrease at the end of the level term period.

The gross premium payable in most cases will continue to be the same level premium for three years following the level term period (though the face amount will have reduced), after which premiums will increase annually to age 95.

What universal life insurance policies are available?

Lincoln National offers various universal policies, some of which are connected to stock options. However, they can be more difficult to apply for and manage as well as more expensive.

Lincoln‘s LifeGuarantee has a flexible premium and death benefit. Lincoln’s LifeGuarantee “survivorship” universal life product is also flexible in additional coverage and payment options. However, the policy covers two people and doesn’t pay out until the death of the second covered person.

Lincoln‘s WeathAccumulate and WealthPreserve indexed life insurance are connected to S&P market index performance. WealthPreserve has a guaranteed death benefit up to 40 years or age 90 and never falls below 1 percent interest.

Lincoln National offers a few different variable universal life insurance policies: VUL One, SVUL One, and AssetEdge. These policies will gain interest and are highly flexible. You can connect assets to the policy, and the benefits and premium will fluctuate based on market performance.

Similar to these options, a Lincoln National Life Insurance Company annuity (offered through their parent company, Lincoln Financial Group) can help you protect and grow your money to use during retirement or as an income stream for your loved ones after your passing.

What insurance policy riders and features are offered?

Let’s take a look at available riders and features on Lincoln National policies. Lincoln National has a few different life insurance options.

Included Term Life Features

An accelerated death benefit is included at no extra cost. The accelerated benefit rider allows the policyholder to request a portion of the death benefit if the Primary Insured is diagnosed as terminally ill with a life expectancy of less than six months (or twelve months in CA).

A conversion option is also included at no extra cost. The policy may be converted during the conversion period without proof of insurability. The conversion period is equal to the earlier of the level term period or before the Proposed Insured reaches age 70.

Optional Term Life Features

children‘s life insurance rider is available with extra premium.

This rider provides level term coverage for all children of the Primary Insured. One unit equals $1,000 of coverage.

Coverage is available from one unit to fifteen units ($1,000 to $15,000). Each unit costs $5.00 annually. Coverage expires on the policy anniversary on or after the child’s 25th birthday.

A waiver of premium rider is available with extra premium. If the insured becomes totally disabled, Lincoln Insurance will waive payment of premiums while the disability lasts.

You can see these and other typical term life insurance optional features summarized in the table below.

Typical Optional Riders Available With Term Life Insurance
Term Life Insurance RiderBenefit Explanation
Children's Protection Rider Extends coverage to the insured's children for length of policy.
Accidental Death & Dismemberment BenefitPays a benefit if you die or lose a limb in an accident before policy term ends.
Disability Waiver of Premium Allows you to skip premium payments, without penalty or cancellation of your policy in the event you become significantly disabled.

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Note: We do not guarantee that all of these optional features are offered by Lincoln National Insurance Company. You should contact the company for specific details.

How can I contact the company?

Here is a list of basic information that includes the Lincoln insurance contact number.

Lincoln National Life Insurance Company mailing address:

1300 South Clinton Street
Fort Wayne, IN 46802

Lincoln National Life Insurance Company phone number:


Lincoln Financial Website (may require a Lincoln National Life Insurance Company login):

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Are the company’s ratings positive?

Lincoln National Life Insurance Company forms can be found on the website. Below are several Lincoln Financial life insurance reviews and ratings.

A.M. Best gave Lincoln National a rating of A+ (as of 2020). This means that the company has an excellent financial standing, and they will be more likely to pay out when needed for claim approval and work towards customer satisfaction.

S&P Rating gave the company a rating of  AA- (as of 2020).

The Lincoln Financial Group Better Business Bureau rating is an A-.

However, the BBB has 69 complaints listed on the Lincoln National Corporation in Pennsylvania profile among their customer reviews. Most complaints have to do with the company being very “hush hush” about details of policies, payments, claim services and coverage denial, etc.

Contact the Lincoln Financial customer service phone number for more details.

What are the pros and cons?

Next, we’ll break down the pros and cons of Lincoln Financial life insurance so you can decide if this is the right company for you.


  • Affordable pricing and competitive rates for older policyholders. Life insurance gets more expensive the older you get. However, Lincoln National has below-average prices.
  • No medical exam options. Some policies will approve non-smokers without a medical exam with a quick application. Medical exams are also not required for term policy renewals or conversions.
  • Fast approval times. Most insurance companies can take weeks to make decisions on approvals. However, Lincoln Financial Group often makes its decisions within days.


  • Expensive permanent policies. While Lincoln Financial’s term policies are affordable, most permanent policies are too expensive for them to be worth it, especially for younger individuals.
  • No whole life insurance. If you’re looking for a simple whole life insurance policy, you’ll have to find another company.

There are more pros than cons, but you should weigh each factor against your personal situation to make an informed choice.

Legal Information

A two-year contestable and suicide provision applies.

Lincoln LifeElements® Level Term (2017) — 01/23/17, policy form TRM6063 and state variations. Not available in New York.

Lincoln TermAccel® Level Term policy form TRM5065/ICC15TRM5065 with endorsement END7013, data pages TA5165, and state variations. Not available in NY.

Because of the importance of choosing a life insurance policy, we recommend researching other companies to compare products and rates with Lincoln National Life Insurance Company.

To help with the research process, use our FREE online tool to find Lincoln National life insurance rates in your area. Is Lincoln Financial for you? Find out now.

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