About Lincoln Financial Group
Lincoln Benefit Life, a stock company with headquarters in Lincoln, Nebraska, was founded in 1938. Lincoln Benefit Life has always strived to offer competitive products from burial coverage at a dollar a month during the Depression era to the consumer-oriented products included in today’s portfolio.
As of December 1999, more than 100,000 independent agents were marketing Lincoln Benefit Life’s products. We have originated over $10 billion in assets under management and have over 138 billion life insurance policies in force. These are designations of which we are very proud.
Lincoln National Life stands out in the insurance industry because of its dedication to achieving the quality that exceeds the expectations of our customers. It takes the expectations of its employees just as seriously.
About Lincoln Financial & Life Insurance
When looking for the right fit for your family and their protection, you may feel overwhelmed and potentially not know which direction to go. We understand that and we also know it can be difficult to understand who the best life insurance company may be to fit your needs and budgets.
One of the companies that likely is presented as an option and tends to be one of the best picks you can opt to use includes Lincoln Financial Group or Lincoln National Life.
Lincoln Financial has been around in the life insurance industry for a long time and has always maintained a strong name in the industry.
If you stick around for just a moment or two, we are going to cover some important components of Lincoln Financial Life that will include brief company history, the financial strength and ratings of Lincoln Financial as well as briefly cover the products currently offered by Lincoln Financial Life Insurance.
Let’s dive into those details now.
Lincoln Financial Life Insurance Company History & Overview
Lincoln Financial has been around since 1905. This alone is impressive and shows over 110 years of strength and a solid reputation in the life insurance industry. Lincoln National Life was originally founded in Fort Wayne and originally was headquartered in Indiana.
Lincoln National Life made its early day living acquiring and purchasing other life insurance companies and entering the market that specialized in Reinsurance. It wasn’t until 1969 that Lincoln Financial went public and had their initial IPO (Initial Public Offering) on the NYSE (New York Stock Exchange.
Lincoln National Life has also been recognized as a top 25 company based on Assets according to Forbes which goes to show how strong Lincoln Financial is. They also have made acquisitions over the years, like in 2006 when they acquired Jefferson Pilot Insurance Company.
Anytime we discuss how strong a life insurance company may be, it’s imperative that we also take a quick glance at their financial strength ratings.
Additionally, at Spectrum Insurance Group we also enjoy including the companies BBB rating to show how the life insurance company handles customers and their complaints.
Lincoln Financial & BBB Rating
Below, is going to be the financial strength ratings currently being given to Lincoln National Life that are provided by the primary 4 credit rating agencies that have the task of evaluating insurance companies around the world and proving consumers with the information that they need to be aware of.
- A.M Best: A+
- Fitch: A+
- Moody’s: A1
- Standard and Poor’s: AA-
- Comdex Score: 91
- J.D. Power and Associates: 781
These numbers alone go to show how strong Lincoln National Life Group really is. Lincoln is currently sitting at the top of their game and their financial strength ratings back that up in great fashion.
As far as the BBB rating goes, Lincoln National Life is currently being provided with an A+ rating which goes to show that Lincoln National Group not only keeps consumer complaints at a minimum but also tends to resolve issues quickly.
This alone is a great reason to consider using a life insurance company such as Lincoln to fulfill your family’s protection needs. Plain and simple.
Now it’s time to take a quick look at the life insurance products offered by Lincoln Financial Group.
Life Insurance Products Offered by Lincoln Financial
Lincoln National Group provides most of the options that you will find with any life insurance company across the country.
However, one thing to keep in mind is that Lincoln is also known for extremely competitive pricing, flexible underwriting guidelines, and very robust and well-performing products.
Below is a look at the products currently being offered to the consumer by Lincoln National Life.
- Term Life Insurance
- Permanent Life Insurance (Whole Life)
- Indexed Universal Life Insurance
- Variable Life Insurance
- Long Term Care
- Accidental Death Life Insurance
With Lincoln National Life Group, the term insurance is available is the most well-known product and is also offered in the standard formats that you see with most life insurance companies that allow you to pick a duration between 10-30 years with increments of 5 years at a time.
Look below to gain a better idea at what I’m referring too.
Available Term Life Insurance Options and Durations with Lincoln Financial Group
It’s also important to understand when you are shopping life insurance, you have several different types of life insurance to consider. Always speak to an agent to ensure you are purchasing what will truly serve you best.
Lincoln Financial is a Good Life Insurance Option
While this review didn’t cover every product and option you have with Lincoln National Group, we can still say with 100% confidence that Lincoln National Group is one of the best life insurance companies you can choose to use to protect your family, assets and financial future. Plain and simple.
When shopping for life insurance, it’s always 100% imperative that you work with an independent life insurance agent who can offer you more options than just 1 life insurance company.
This is how you locate the best underwriting scenario as well as the most affordable pricing on your life insurance.
Who doesn’t want to save a few dollars here and them? I know I do and I’m sure you do as well but ultimately the choice is yours.
Spectrum Insurance Group is made up of professional life insurance agents who are licensed in all 50 states and the District of Columbia. Spectrum Insurance Group has helped 1000’s of people purchase life insurance online & over the phone.
All content on this site has been written by life insurance experts & licensed life insurance agents.