(844) 786-8229 [email protected]
Lincoln Financial

Lincoln Financial Term Life Insurance Review

We appreciate Lincoln Financial Group’s corporate giving program that awards grants to nonprofits supporting arts, education, and community development.

Lincoln Financial Customer Service: (800) 487-1485

Why Quotacy?

Save time & money. Let us do your comparison shopping.

More policy options

Quotacy is an independent life insurance broker. We sell policies from the nation's most trusted insurers. By using our quoting tool, you'll get multiple term life options from the best life insurance companies in minutes.

Get what's right for you

Our agents match you with the right company for your health and lifestyle—so you get the best life insurance for you. This is part of our free service as a life insurance broker.

We're transparent

We value transparency as much as you do. Everything we know about life insurance, we'll share with you so you're making informed decisions from quote to covered.

Spend less time shopping

No matter where you buy your policy, you'll pay the same rates. Pricing for life insurance is regulated by government. Don't waste time talking with multiple agents, use our free online comparison shopping tool to get your quotes.

Our focus is on you

As a life insurance broker, our focus is on finding you the best policy for your needs. Quotacy's agents work on salary, not commission—so, we're at your service.

We're experienced

We've been in the life insurance industry since 1990, and have helped our customers protect their families with over $22 billion in coverage. That's a lot of happy customers.

Life insurance made easy

We’ll guide you through buying life insurance

Lincoln Financial Company Overview


Radnor, PA





Value of In Force Life Insurance

$720 billion

Ranking in USA

3rd largest seller of life insurance




Radnor, PA





Value of In Force Life Insurance

$720 billion

Ranking in USA

3rd largest seller of life insurance



Lincoln Financial Ratings & Awards

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A.M. Best Better Business Bureau J.D. Power Moody’s Standard & Poor’s
A+ A+ 781 A1 AA-

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.

forbes logo

Lincoln Financial Group was named one of Forbes’ Best Employers in Banking and Financial Services in 2017.

disability equality index logo

For the second consecutive year in 2017, Lincoln Financial Group was named best places to work by Disability Equality Index (DEI).

human rights campaign logo

Lincoln Financial Group received a perfect score of 100% on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report by the Human Rights Campaign (HRC) Foundation, on corporate policies and practices related to LGBTQ workplace equality.

How much life insurance do you need?

Figure out your action plan with our needs calculator

To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.

Lincoln Financial is excellent for:

  • Accelerated Underwriting
  • Asthma
  • Healthy Individuals
  • Heart Health
  • Marijuana
  • Sleep Apnea

We appreciate Lincoln Financial Group’s corporate giving program that awards grants to nonprofits supporting arts, education, and community development. Their accelerated underwriting uses a combination of underwriting expertise and technology to get you covered faster. For some applicants, it eliminates the need for lab testing and medical exams, making the process of getting insured less intrusive and simple.

Lincoln Financial Comparison Quotes

Lincoln Financial LifeElements® Level Term

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Company Male Female
Age 30 Age 40 Age 50 Age 60 Age 70 Age 30 Age 40 Age 50 Age 60 Age 70


$19.55 $29.84 $73.44 $212.53 $839.83 $16.67 $25.26 $56.43 $159.45 $660.60

Banner Life

$19.43 $31.53 $72.67 $226.95 $790.62 $16.32 $24.60 $56.83 $155.12 $705.41


$26.25 $39.16 N/A N/A N/A $19.58 $31.25 N/A N/A N/A

Cincinnati Life

$20.68 $33.88 $74.36 $225.28 N/A $17.60 $29.92 $62.48 $166.76 N/A


$23.95 $32.50 $76.10 $230.85 N/A $20.95 $29.95 $60.75 $162.05 N/A

Haven Life

$22.48 $32.38 $84.06 $230.90 N/A $19.46 $28.07 $61.66 $156.84 N/A

John Hancock

$27.71 $32.11 $74.56 $208.06 N/A $25.06 $28.31 $64.51 $170.11 N/A

Lincoln Financial

$28.44 $39.72 $78.71 $207.17 $813.87 $23.92 $31.24 $59.46 $146.69 $726.16

Pacific Life

$19.83 $29.75 $73.01 $206.26 N/A $16.62 $25.11 $56.10 $144.92 N/A


$19.87 $29.34 $72.30 $203.63 N/A $16.81 $25.28 $56.24 $145.16 N/A


$19.22 $29.09 $71.46 $201.02 N/A $16.32 $24.39 $55.59 $141.64 N/A


$35.00 $43.31 $87.94 $265.56 N/A $28.00 $39.38 $77.00 $182.44 N/A

Securian Financial

$22.42 $31.18 $87.12 $235.40 N/A $18.48 $26.84 $62.04 $153.12 N/A


$19.87 $31.30 $83.33 $274.74 N/A $17.05 $24.62 $60.41 $165.73 N/A

United of Omaha

$23.87 $37.20 $92.67 $273.70 N/A $20.43 $31.61 $69.02 $189.42 N/A

US Life

$21.18 $30.27 $76.55 $230.45 $924.25 $18.18 $27.68 $64.14 $161.32 $699.89

William Penn











Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals living in Minnesota. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of October 2020.

Want to see what you’d pay for life insurance?

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Lincoln Financial Features & Benefits

What we like

  • Can be converted into a permanent policy.
  • Includes Accelerated Death Benefit Rider at no charge.
  • Some applicants may not need a medical exam—if they qualify for accelerated underwriting.
  • Your medical exam can be done at home or work.
  • You can review your medical exam results online.
  • Policy delivered electronically.
  • You can manage your policy online.

What could be better

  • Does not offer an Accidental Death Benefit Rider.
  • Credit card payments are not accepted.

Lincoln Financial Policy Details

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LifeElements® Level Term
Guaranteed level premiums? Yes
Term lengths available: 10, 15, 20, 30*
Premiums returned at end of term? No
Riders available: Accelerated Death Benefit, Premium Waiver for Disability, Child Rider
Accumulates cash value? No
Policy loans available? No
Minimum issue age: 18
Maximum issue age: 80
Minimum face amount: $250,000
Missed payment grace period: 31 days**

*10-year term available for ages 18-80; 15-year term available for ages 18-75 (tobacco users ages 18-70); 20-year term available for ages 18-70 (tobacco users ages 18-65); 30-year term available for ages 18-55 (tobacco users ages 18-50).

**State of issue, payment mode, and draft date can all impact the grace period end date. Your policy will state specifics.

» Compare: Term life insurance quotes

Lincoln Financial Riders

Increase your policy’s benefits with riders

Accelerated Death Benefit Rider


This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit, if you are diagnosed with a terminal illness resulting in six months or less to live.

Premium Waiver for Disability

*Available at additional cost

This carrier will waive premium payments during a period of total disability lasting four consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and cost varies by age.

Child Rider

*Available at additional cost

You can add a child rider to your term policy for as little as $50 per year. This rider provides a $10,000 death benefit for all of your children under age 18. Ask your Quotacy agent for details.

Learn more

Wondering what types of riders are beneficial?

Lincoln Financial Policy Service


  • Customer Service: (800) 487-1485
  • Fax: (800) 819-1987

Hours: Monday-Friday, 8:00 AM-6:00 PM Eastern

Payment Mailing Address

Lincoln Financial Group
PO Box 21008
Greensboro, NC 27420

Manage your policy online

  1. Visit www.lfg.com/.
  2. Click on Individuals drop-down menu option.
  3. Click on Life Insurance Policy from the drop-down menu.
  4. Click on the blue myself link.
  5. Enter your personal information to complete registration.

What you can do online

  • View your policy.
  • View billing and contact info.
  • Access policy change forms.

The Fine Print

Guidelines & Exclusions

Accelerated Underwriting
  • Their accelerated underwriting program is called LincXpress.
  • A phone interview is required.
  • Underwriting will still include evaluation of medical records and motor vehicle records.
  • Eligibility
    • Ages 18-60 applying for coverage up to $1,000,000
  • Being eligible does not guarantee acceptance into the accelerated underwriting program.
  • If not accepted, you continue on to traditional underwriting in which a medical exam is required.
Term Conversion
  • During the first seven years of your policy, you may convert to any Lincoln Financial permanent product at any time.
  • If you convert during the 8th year or later, you may convert to Lincoln Financial’s designated permanent policy option for your policy.
  • You may not convert to a permanent product after age 70.
Premium Waiver for Disability Rider
  • Not available if you are rated Table D or higher.
  • Waiver coverage ends at age 65.
  • If disability begins at (or after the policy anniversary at) age 60, Lincoln Financial will waive only those premiums that become due while disabled and before the policy anniversary nearest your 70th birthday.
Accelerated Death Benefit Rider
  • Benefits available if diagnosed as terminally ill with a life expectancy of less than six months (12 months in California).
  • You may accelerate up to 50% of the death benefit—up to $250,000.
  • $300 administration fee to accelerate benefits.
Child Rider
  • Child rider coverage options range from $1000-$15,000. $5 per $1000-coverage-unit annually.
  • Newborn child covered when 15 days old.
  • Parent (or child) can convert rider up until policy anniversary of child’s 25th year or parent’s 65th year—whichever is earlier.

Updated: March 2018

More term life insurance reviews

We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.

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