Learn the differences between the life insurance options offered by Pacific Life and Lincoln Financial.
Pacific Life and Lincoln Financial are two of the most established life insurance companies on the market, both with well over 1,000,000 policyholders nationwide. Both have great consumer grades and offer competitive term life insurance rates.
So, why a company comparison, you ask? Well, a policy-by-policy comparison, while fast and informative, doesn’t exactly tell the whole story. It’s worthwhile to also do a company-by-company comparison, as the best life insurance companies typically are strong financially, highly rated by financial institutions and consumer insights companies, and perhaps most importantly, they guarantee death benefit payouts.
Luckily for you, we did our homework. Read on to learn more about Lincoln and Pacific Life term life insurance offerings.
While the monthly premiums offered by Pacific Life and Lincoln Financial are virtually the same for men, Pacific Life currently offers cheaper premiums for younger women and Lincoln Financial is cheaper for older women.
Here are the average monthly premiums for Pacific Life and Lincoln Financial term life insurance policies.
Pacific Life | Lincoln Financial | ||
---|---|---|---|
Male | Age 30 | $20.84 | $21.00 |
Age 40 | $29.59 | $29.75 | |
Age 50 | $77.09 | $78.75 | |
Female | Age 30 | $19.18 | $23.63 |
Age 40 | $26.68 | $30.63 | |
Age 50 | $61.67 | $58.63 |
Average premium cost based on $500,000/20-year term life insurance policies for health, nonsmoking applicants in California
Life insurance company premium costs are largely based off an individual’s health and health history. But there isn’t a one-size-fits-all method for underwriting or determining one’s probability of dying in the near future, so in terms of pricing, some companies are lenient toward certain illnesses and lifestyle trends and more critical of others.
Here’s how Pacific Life and Lincoln Financial rate the most common life insurance health concerns:
Pacific Life | Lincoln Financial | |
---|---|---|
Cancer Survivor/Family History | Excellent | Excellent |
Recent Weight Loss | Good | Excellent |
Heart Attack | Good | Good |
Diabetes | Good | Excellent |
Sleep Apnea | Excellent | Excellent |
Former Tobacco Use | Fair | Excellent |
High Blood Pressure | Fair | Fair |
High Cholesterol | Excellent | Good |
Learn more about the best life insurance companies for every scenario.
Let our experts help you make hte right choice between Pacific Life and Lincoln Financial based on your family's financial needs.
Riders allow you to customize your life insurance policy so that it covers more circumstances. Most riders fall under one of these four categories — family riders, long-term care riders, benefit structure riders and accidental death or dismemberment riders — and are worth looking into before making a final decision.
Here are the riders offered by Pacific Life and Lincoln Financial.
Pacific Life | Lincoln Financial | |
---|---|---|
Child Protection Rider | X | X |
Accelerated Death Benefit Rider | X | X |
Accidental Death Benefit Rider | X | |
Disability Waiver of Premium Rider | X | X |
Learn more about life insurance riders.
Ratings agencies often feature different rating criteria, so it’s important to understand how each one functions. A.M. Best focuses on the financial strength of the company, while J.D. Power rankings are based on customer service surveys. The Better Business Bureau (BBB) gives letter grades based on consumer feedback.
How do Pacific Life and Lincoln Financial grade out in terms of financial and customer service ratings?
Pacific Life | Lincoln Financial | |
---|---|---|
A.M. Best | A+ | A+ |
J.D. Power | N/A | 2 out of 5 |
BBB | A+ | A+ |
Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.
Lincoln Financial vs... | Pacific Life vs... |
---|---|
Prudential | AIG |
Banner Life | |
Mutual of Omaha | |
Protective | |
Prudential | |
Transamerica |
So which life insurance company is right for you? Do you give the edge to Pacific Life or to Lincoln Financial? Well, it often dependant on the individual and what is most important to them. Be it cost, riders, health considerations, or customer service, all of these are important to consider before you buy.
Ready to begin your search and start looking for the best policies that Pacific Life, Lincoln Financial, and other top life insurance companies have to offer? Try out our coverage calculator to find plans and companies tailored to your needs.
Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.
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Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
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