Lincoln Financial Group Life Insurance Review

Under the endorsement of Robert Todd Lincoln, Abraham Lincoln’s son, the company was founded in 1905 with the Lincoln name, image and ideals remaining at the core of the brand today. In 1955, it grew to the 9th largest life insurance company in the country and in 1987 unveiled MoneyGuard®, a first-of-its-kind life insurance product that featured a long-term care benefit rider. This feature, still available with some Lincoln life insurance plans today, protects loved ones should the head of household experience a terminal illness, beginning coverage before death.

Its revenue ranks it 223 on the 2015 Fortune 500 list with assets ranking it at 24, putting it among the country’s top financial institutions. The company offers free financial training and education and web-based tools to help all communities understand how money works and reach their financial goals. 

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Lincoln Life Insurance Offerings

 Life insurance offers financial security by securing financial protection for your loved ones, protecting your wealth/business or even paying for college or supplementing your retirement income. There are many factors to consider when choose a life insurance product. Lincoln Financial Group offers multiple products within each life insurance category, so finding coverage fit to your life is easy to do.

Term life insurance through Lincoln Financial Group’s Lincoln TermAccel® Level Term

Lincoln Financial Group Term Life Insurance

Lincoln Life Insurance: LifeElements® Level Term

The most economical kind of life insurance coverage you can buy from Lincoln. This type of policy offers a fixed premium and coverage over a specific period of time (10, 15, 20 or 30 years). The death benefit is guaranteed within this term and not subject to market fluctuations. However, it does disappear once the term has ended and holds no cash value. This means, there is no return on your investment once the life of the plan runs out.  Products include:

  • Lincoln Life Elements 10 Year Term

  • Lincoln Life Elements 15 Year Term

  • Lincoln Life Elements 20 Year Term

  • Lincoln Life Elements 30 Year Term

  • Lincoln TermAccel 10 Year Term

  • Lincoln TermAccel 15 Year Term

  • Lincoln TermAccel 20 Year Term

  • Lincoln TermAccel 30 Year Term

Lincoln Life Insurance: Universal Life Insurance

Lincoln Financial Group’s universal life insurance products offer permanent life insurance protection with a guaranteed benefit extending throughout your lifetime. You also have the potential to build a cash value within your policy that can be used for other expenses. This growth is set at a guaranteed rate and earnings are tax-deferred. With these plans, you also enjoy the flexibility of changing your premium amount and adjusting the amount of your death benefit. Products include:

  • Lincoln LifeGuarantee® UL

  • Lincoln LifeCurrent® UL

  • Lincoln LifeReserve® UL

  • Lincoln LifeGuarantee® SUL

  • Lincoln LifeReserve® Indexed UL Accumulator

  • Lincoln WealthAdvantage® Indexed UL

  • Lincoln WealthPreserve® Survivorship Indexed UL

Lincoln Life Insurance: Variable life insurance

Variable universal life insurance also available from Lincoln Financial Group and combines features of the two types of insurance above with added investment options. Policyholders receive a guaranteed death benefit, tax-deferred cash accumulation at a guaranteed rate and the adjustable death benefits and premiums offered with the other plans. In addition, these policies give the option to invest the accumulated cash in stocks and bonds. Lincoln Financial Group offers single life and survivorship (two people insured) products.

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