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Lincoln Financial offers term insurance, as well as three types of permanent life insurance policies. Lincoln Financial Group ranked 12th out of 21 insurers and received a score of 773, just below the industry average of 776. Power, which measures overall customer satisfaction on a 1,000-point scale. The company scores just below average for overall customer satisfaction, according to the 2021 U.S. AM Best assigns companies a grade from A++ to D, with an A++ rating considered superior, while a D rating is poor. The company received an A+ (Superior) grade from credit rating agency AM Best for its financial strength and ability to meet its ongoing insurance obligations. Lincoln Financial gets high marks for its financial strength. Lincoln Financial's complaint index score is just 0.324, meaning that it received far fewer complaints than expected. An index below 1.0 indicates fewer complaints compared to similarly sized companies. An index greater than 1.0 shows that the company received more complaints than expected. We then averaged three years’ worth of index scores to determine how a company measures up.Ī company with an index of 1.0 received an expected number of complaints based on its size. To assess the number of complaints a company gets, we used the NAIC complaint index, which evaluates companies based on the number of complaints they receive relative to their size. Lincoln Financial receives very few complaints relative to its size, according to the National Association of Insurance Commissioners (NAIC). No website quotes or online application: You can’t get a quote on the company’s website and will need to reach out to an agent to apply for a policy.Same-day decisions not available: Lincoln Financial doesn’t offer same-day decisions, though some term life applications can be approved within two days.Whole life insurance is not available: Though Lincoln Financial offers several types of permanent life insurance, it doesn’t provide whole life insurance.Lincoln Financial’s policies were among the most affordably priced, particularly for healthy applicants in their 40s and 50s. Affordable term policies: We collected quotes from 32 insurers offering term coverage.
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Lincoln Financial ranks among the best life insurance companies for its financial strength. Superior financial strength: AM Best gives Lincoln Financial an A+ (Superior) rating, which indicates that it’s in a superior position to meet its financial obligations.No medical exam required for some applicants: Healthy applicants between the ages of 18 and 60 may be able to obtain coverage without undergoing a medical exam or bloodwork if they’re seeking coverage of $1 million or less.Fewer complaints than expected: Lincoln Financial receives far fewer customer complaints than expected for its size, according to data from the National Association of Insurance Commissioners (NAIC).