Term Life Insurance
Lincoln Financial Review
Our takeWhat's this?We've done our own independent evaluation of each life insurance company on the things that matter during the application process and after you’re a policyholder.
We’ve benchmarked each life insurance company against each other and rated them. However, please note that every life insurance company is fully endorsed by Policygenius. There’s no company on our site that we wouldn’t recommend or do business with ourselves. These ratings are informational. The most important factor in your decision is the cost of the policy and any additional features the insurer may offer that you need.

Lincoln doesn’t allow customers to change any of their information online, making them a tough sell for people who hate paper forms and customer service calls. For everyone else, Lincoln offers competitive underwriting on a range of health conditions and a wide selection of riders to personalize your coverage.
Basics & RatingsWhy this mattersTwo of the best ways to evaluate an insurance company are to look at its age and its fiscal health. Learn more about how we build our reviews.
Founded
1905
JD PowerJ.D. Power and Associates is a global marketing information services firm that conducts surveys of customer satisfaction, product quality, and buyer behavior.
2 out of 5
PolicyholdersThis is how many active US life insurance customers this company insures
8,600,000
A.M. BestA.M. Best is an independent rating agency that evaluates the financial strength of insurance companies. Ratings as of May 2016, on a scale from A++ to D
A+
BBB RatingBetter Business Bureau (BBB) is a non-profit that collects consumer feedback on businesses around the country.
A+
Is Lincoln Financial a good match for your health?
Each insurer approaches health conditions differently. One insurer might ignore a heart attack from a few years ago, whereas a different insurer might rate you as a higher risk for the same thing. Here are the details of how Lincoln Financial treats a variety of common health conditions from an underwriting perspective.
Pricing For | |
---|---|
Survivor/Family History | Excellent |
Recent Weight Loss | Excellent |
Heart Attack | Good |
Diabetes | Excellent |
Sleep Apnea | Excellent |
Former Tobacco Use | Excellent |
High Blood Pressure | Fair |
High Cholesterol | Good |
- Excellent - Above average; company provides excellent coverage for clients with this condition.
- Good - Spot on; company doesn’t look at this condition unfavorably in underwriting.
- Fair - Could use some work; clients with this condition may be issued a lower health rating, and subsequently higher rates than other insurers.
How much insurance do you need?
Unique features
Sample quotes
Quote for:
$500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums
Male | Female | ||||||
---|---|---|---|---|---|---|---|
Company | Plan | age 30 | age 40 | age 50 | age 30 | age 40 | age 50 |
AIG | Select-a-Term | $21.11 | $30.62 | $79.93 | $18.08 | $28.46 | $59.60 |
AIG | ROP Select-a-Term | $91.21 | $150.77 | $281.97 | $75.80 | $124.95 | $261.56 |
Banner Life | OPTerm | $21.44 | $32.38 | $94.07 | $18.19 | $26.60 | $58.62 |
John Hancock | Term | $26.95 | $34.65 | $81.70 | $24.20 | $34.00 | $78.99 |
Lincoln Financial | LifeElements | $28.44 | $38.94 | $78.75 | $23.63 | $30.63 | $58.63 |
Lincoln Financial | TermAccel | $21.00 | $29.75 | $78.75 | $17.94 | $25.81 | $57.31 |
Mutual of Omaha | Term Life Answers | $21.66 | $33.47 | $85.53 | $23.41 | $28.66 | $64.09 |
Pacific Life | Pacific PROMISE Term | $20.84 | $29.59 | $77.09 | $19.18 | $26.68 | $61.67 |
Principal | Term | $22.75 | $31.94 | $79.63 | $20.04 | $27.56 | $59.24 |
Protective | Custom Choice UL | $20.37 | $28.91 | $76.82 | $17.93 | $25.25 | $55.75 |
Protective | Classic Choice Term | $20.21 | $28.38 | $75.68 | $17.63 | $25.94 | $55.47 |
Prudential | Term Essential | $34.20 | $43.65 | $88.65 | $27.90 | $38.70 | $76.95 |
Prudential | Return of Premium Term | $101.00 | $143.62 | $291.99 | $88.12 | $130.04 | $253.37 |
SBLI | Level Premium Term | $21.32 | $40.05 | $96.06 | $24.48 | $34.71 | $65.87 |
Transamerica | Trendsetter Super | $22.36 | $37.85 | $79.12 | $18.06 | $30.96 | $62.78 |
Transamerica | Trendsetter LB | $24.95 | $38.27 | $92.89 | $20.65 | $34.84 | $73.11 |
Details
Minimum amount available
$250,000
Terms available
10, 15, 20, 30
Discount for paying annually versus monthly
5%
Payment methods available
Check; Auto bank draft (for monthly payments only); Credit and debit card (only for first payment)
Is coverage available without a medical exam?
No
Is temporary coverage during underwriting available?
Yes, up to $3,000,000
Riders
- Child Protection Rider: you can get life insurance for all children (ages 15 days - 18 years old) in one rider. Available coverage of $1,000 to $15,000 (in increments of $1,000).
- Disability Waiver of Premium Rider: if you become totally disabled, the premiums will be waived until age 65 or to the end of the policy term (after a waiting period of 4 months).
- Accelerated Death Benefit Rider: if you've been diagnosed with a terminal illness with less than 6 months to live, you can access up to 50% of the policy death benefit (up to a maximum $250,000).
Rules
What is the rule for accelerating the death benefit?
If you've been diagnosed with a terminal illness with less than 6 months to live, you can access up to 50% of the policy death benefit (up to a maximum $250,000).
What is the rule for converting the policy?
The policy is convertible until the earlier of the end of the term or to age 70
Common features
This policy, like all term life policies offered on our site, provides life coverage for a specific period of time (the term). The key features of this policy are standard across all the term policies we offer:
The review on this page is only for this company's term life insurance products.
Unique features
Sample quotes
Quote for:
$500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums
Male | Female | ||||||
---|---|---|---|---|---|---|---|
Company | Plan | age 30 | age 40 | age 50 | age 30 | age 40 | age 50 |
AIG | Select-a-Term | $21.11 | $30.62 | $79.93 | $18.08 | $28.46 | $59.60 |
AIG | ROP Select-a-Term | $91.21 | $150.77 | $281.97 | $75.80 | $124.95 | $261.56 |
Banner Life | OPTerm | $21.44 | $32.38 | $94.07 | $18.19 | $26.60 | $58.62 |
John Hancock | Term | $26.95 | $34.65 | $81.70 | $24.20 | $34.00 | $78.99 |
Lincoln Financial | LifeElements | $28.44 | $38.94 | $78.75 | $23.63 | $30.63 | $58.63 |
Lincoln Financial | TermAccel | $21.00 | $29.75 | $78.75 | $17.94 | $25.81 | $57.31 |
Mutual of Omaha | Term Life Answers | $21.66 | $33.47 | $85.53 | $23.41 | $28.66 | $64.09 |
Pacific Life | Pacific PROMISE Term | $20.84 | $29.59 | $77.09 | $19.18 | $26.68 | $61.67 |
Principal | Term | $22.75 | $31.94 | $79.63 | $20.04 | $27.56 | $59.24 |
Protective | Custom Choice UL | $20.37 | $28.91 | $76.82 | $17.93 | $25.25 | $55.75 |
Protective | Classic Choice Term | $20.21 | $28.38 | $75.68 | $17.63 | $25.94 | $55.47 |
Prudential | Term Essential | $34.20 | $43.65 | $88.65 | $27.90 | $38.70 | $76.95 |
Prudential | Return of Premium Term | $101.00 | $143.62 | $291.99 | $88.12 | $130.04 | $253.37 |
SBLI | Level Premium Term | $21.32 | $40.05 | $96.06 | $24.48 | $34.71 | $65.87 |
Transamerica | Trendsetter Super | $22.36 | $37.85 | $79.12 | $18.06 | $30.96 | $62.78 |
Transamerica | Trendsetter LB | $24.95 | $38.27 | $92.89 | $20.65 | $34.84 | $73.11 |
Details
Minimum amount available
$100,000
Terms available
15, 20, 30
Discount for paying annually versus monthly
8%
Payment methods available
Check; Auto bank draft (for monthly payments only); Credit and debit card (only for first payment)
Is coverage available without a medical exam?
Yes, for qualifying applicants, up to $500,000
Is temporary coverage during underwriting available?
Yes, up to $1,000,000.
Riders
- Child Protection Rider: you can get life insurance for all children (ages 15 days - 18 years old) in one rider. Available coverage of $1,000 to $15,000 (in increments of $1,000).
- Disability Waiver of Premium Rider: if you become totally disabled, the premiums will be waived until age 65 or to the end of the policy term (after a waiting period of 4 months).
- Accelerated Death Benefit Rider: if you've been diagnosed with a terminal illness with less than 6 months to live, you can access up to 50% of the policy death benefit (up to a maximum $250,000).
Rules
What is the rule for accelerating the death benefit?
If you've been diagnosed with a terminal illness with less than 6 months to live, you can access a portion of the policy death benefit.
What is the rule for converting the policy?
The policy is convertible until the earlier of the end of the term or to age 70
Common features
This policy, like all term life policies offered on our site, provides life coverage for a specific period of time (the term). The key features of this policy are standard across all the term policies we offer:
The review on this page is only for this company's term life insurance products.
How much insurance do you need?
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