Lincoln National Life Insurance Company Review (2020)

Lincoln National is a stock insurance company providing financial and retirement planning services. They have been open since 1905 and offer products that include life insurance policies, annuities, securities, and estate planning in addition to group policies. Lincoln Financial term life insurance includes TermAccel and LifeElements policies. Lincoln term life insurance is affordable and flexible. Read our Lincoln National Life Insurance Company review to learn more.

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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UPDATED: Oct 26, 2020

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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 for you in this Lincoln National Life Insurance Company review. It focuses on Lincoln Financial in Fort Wayne, IN, and 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 yet? Keep reading our guide.

Table of Contents

Lincoln National Life Company Summary

The Lincoln National Life Insurance Company of Fort Wayne, Indiana 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 Lincoln Insurance online payment methods.

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Lincoln National Life Insurance Products

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.

Lincoln Universal Life Insurance

Lincoln National offers various universal life insurance 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 policy is also flexible in 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.

Lincoln National Life Insurance Policy Riders and Features

Let’s take a look at available riders and features on Lincoln National policies.

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

A 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 Life Insurance Company will waive payment of premiums while the disability lasts.

Lincoln National Life Company Contacts

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

Lincoln National Life Company Ratings

Lincoln National Life Insurance Company forms can be found on the website. Below are several Lincoln National Insurance ratings.

A.M. Best Rating gave Lincoln National a rating of A+ (as of 2020). This means that company has an excellent financial standing, and they will be more likely to payout when needed.

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. Most complaints have to do with the company being very “hush hush” about details of policies, payments, claims and coverage denial, etc.

Contact the Lincoln National Life Insurance Company customer service phone number for more details.

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Lincoln National Life Insurance Company: Pros and Cons


  • Affordable pricing 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. 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 often makes their decisions within days.


  • Expensive permanent policies. While Lincoln’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.

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’s.

To help with the research process, use our FREE online tool to find affordable insurance quotes in your area.

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