Lincoln National Life Insurance Company

UPDATED: Mar 12, 2020

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Company Description

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

In 1905, a group of Fort Wayne business leaders came together to create a life insurance company based on dependability, honesty, and service. Named after our nation’s greatest leader, our company has excelled for over a century at turning challenges into new opportunities for growth and protection – for all Americans and America.

Today, as Lincoln Financial Group, we’re a well-recognized family of companies steeped in our namesake’s ideals. We work together with financial professionals, employers and organizations to help individuals and families confidently plan their financial futures and protect their loved ones.

Company Contacts

1300 South Clinton Street
Fort Wayne, IN 46802888-946-2700

Lincoln National Life Website

Company Info

Year Founded:  1905

AM Best Rating:  A+ (as of 2016)

S&P Rating:  AA- (as of 2016)

Company Spotlight:  Lincoln National Life Insurance Company

Policy Info

Included Term Life Features

  • Accelerated Death Benefit:  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. (In CA, life expectancy of 12 months or less).
  • Conversion Option:  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: 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.
  • Waiver of Premium Rider: Available with extra premium. If the insured becomes totally disabled, Lincoln will waive payment of premiums while the disability lasts.

    Legal Info

    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.

    Company Products

    Lincoln LifeElements® Level Term (2017) is term insurance with level premium periods of 10, 15, 20, or 30 years. Coverage is to age 95.

    10-Year Term: Term life insurance with level premiums during the initial 10-year period.

    15-Year Term: Term life insurance with level premiums during the initial 15-year period.

    20-Year Term: Term life insurance with level premiums during the initial 20-year period.

    30-Year Term: Term life insurance with level premiums during the initial 30-year period.

    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.

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