Best Life Insurance Companies

Lincoln Financial Life Insurance

In the manner of Erle Stanley Gardner, whose prose cut through the fog of legal and moral ambiguity with the precision of a Perry Mason cross-examination, let us turn our attention to the matter of Lincoln Financial and its array of insurance offerings.

Lincoln Financial, an institution with a heritage as venerable as its namesake, the illustrious Abraham Lincoln, has been a bulwark of insurance and fiscal sagacity since its inception in the heartland of America, Fort Wayne, Indiana, in the year nineteen hundred and five. The Lincoln visage, bestowed upon the company with the blessing of the president’s progeny, Robert Todd Lincoln, remains an emblem of trust and solidity.

A Portfolio of Possibilities

The company’s portfolio of life insurance policies is a labyrinth of possibilities, designed to cater to the nuanced needs of the discerning client. With a veritable arsenal of term and universal life insurance options, Lincoln Financial positions itself as a custodian of one’s posthumous affairs. The term life insurance, a straightforward affair, promises a payout within a set period, should the shadows fall prematurely on the policyholder. It’s a tantalizing proposition, that one might convert such a policy to a universal life insurance with neither the rigmarole of medical examination nor the burden of additional pecuniary imposition.

The Chameleon of Policies: Universal Life Insurance

And what of the universal life insurance, you might ask? It is a chameleon in the world of insurance, shape-shifting to match the contours of one’s life with riders that speak of guaranteed insurability, the anticipation of benefit upon accelerated demise, and even the specter of long-term care. Yet, for those whose leanings are towards the more enduring whole life policy, Lincoln Financial closes the door, a purveyor of term and universal life insurances solely.

The Devil in the Details: Policy Specifics

Let us delve into the minutiae: the term life policies commence their gambit at either one hundred thousand or a quarter-million dollars, while the universal life policies, those shrewd hybrids, play a more enigmatic game, their ceilings of coverage as variable as the individuals they serve. In the domain of term life, the contracts span the spectrum from a decade to a triad of decades, a temporal shield against the vicissitudes of fate.

But heed this: the wiles of time and tide wait for no soul, and thus the universal life policies decree an ultimatum upon the age of initiation, setting their sundial’s shadow at the threshold of eighty years.

In this narrative of financial prudence and life’s capricious whims, Lincoln Financial stands as a sentinel, guiding its patrons through the thicket of policy options with the assurance that only a legacy such as theirs can confer.

How Much Does Lincoln Financial Life Insurance Cost?

In the spirit of the meticulous investigations characteristic of an Erle Stanley Gardner narrative, we must dissect the financial implications of safeguarding one’s earthly departure.

Factors akin to the threads of a complex plot, such as age, desired coverage amount, gender, and the nature of the coverage—whether it be the ephemeral term or the steadfast permanent—intertwine to shape the cost of life insurance. Like the unexpected twists in a courtroom drama, the choice to enhance one’s policy with riders, those clever add-ons, will invariably elevate the expense.

The Individual’s Tale

Yet, one must remember, as with any testimony, that these cost estimates are akin to character sketches, drawn from a specific archetype of an individual. They are not universal truths but rather illustrative vignettes. A smoker, shrouded in the haze of tobacco, seeking the permanence of life insurance, may well find the premiums a steeper climb than their nonsmoking counterparts. In contrast, youth and vigor, those twin beacons of good fortune, may afford a more favorable ledger, with costs trimmed as neatly as facts by a sharp legal mind.

For Illustration Only

The rates provided herein, much like the props on a stage, serve only to illustrate potential scenarios. One must engage directly with the insurance company or an agent, those purveyors of policy, to unearth the precise quote that will dictate the fiscal commitment.

While the confluence of multiple policies may yield a discount with some establishments, Lincoln Financial maintains a stance reminiscent of a steadfast witness under cross-examination; it offers no such concessions.

The Spectrum of Lincoln Financial’s Life Insurance Costs

To elucidate further, let us examine the financial commitments one might anticipate at Lincoln Financial:

  • A female, in the bloom of her 35th year, may see the sum of $57.09.
  • Her male counterpart, also of 35 years, might tender $73.71.
  • Advancing to the age of 45, our female protagonist contributes $124.66, while the male invests $160.78.
  • As the narrative arc reaches 55, the figures ascend to $290.80 for the female and a more daunting $429.10 for the male.
  • At the venerable age of 65, the female’s premium soars to $896.07, and the male’s to an imposing $1,383.69.

Further Inquiries for the Inquisitive

For those seeking to delve deeper into the annals of life insurance premiums, our Life Insurance Quotes page awaits, a trove of information on policy rates. And for the frugal minded, our guide to the Cheapest Life Insurance Companies of 2023 offers a window into more economical policy options.

In the grand tradition of Gardner’s legal dramas, one must gather evidence and deliberate with care. The pursuit of life insurance, much like a case on trial, demands scrutiny of every detail to secure a verdict that serves one’s interests with the full weight of justice.

Term Life Insurance Options From Lincoln Financial

In the realm of term life insurance, Lincoln Financial proffers a duo of policies that stand like two pillars supporting the edifice of future security—the Lincoln LifeElements Level Term and the Lincoln TermAccel Level Term.

Each policy unfurls a tapestry of terms—10, 15, 20, or 30 years—replete with an option as pivotal as a surprise witness: the ability to metamorphose into a universal life policy. This transformation, mercifully, requires no medical examination, no additional fees—a process as seamless as a well-argued legal motion. But beware the sands of time, for one must initiate this conversion prior to the term’s conclusion or the arrival of their 70th year, whichever precedes.

Tailoring the Policy to Suit the Individual

The policies invite personalization with optional riders, akin to the clauses and conditions of a meticulous contract. There’s the children’s level term for the progeny, the waiver of premium that echoes the relief of an acquittal should one become unable to pay, and the accelerated benefits that act as an advance in times of dire health.

A nod to the digital age, the online application process dispenses with the need for paper-laden trails. The LifeElements Level Term unfurls its protection starting at a quarter of a million dollars, while the TermAccel Level Term is a more adaptable creature, extending coverage from one hundred thousand to a cool million dollars.

Inclusive Age Range and Considerations

These bastions of fiscal defense open their gates to applicants who have reached the age of majority, extending their embrace up to the ripe maturity of 80 years—though this age of acceptance is slightly lower for the Lincoln LifeElements in the state of New York, much like localized statutes in a legal code.

The Certainty of Guaranteed Level Premiums

With the constancy of a judge’s gavel, the premiums within these terms remain steadfast, unwavering in their commitment until the term’s cessation. However, much like post-trial motions can alter a case’s trajectory, the decision to renew a policy brings with it an escalation of premiums, which ascend annually in the manner of a carefully constructed argument, until one reaches the venerable age of 95.

Thus, Lincoln Financial stands as both the advocate and steward of one’s financial legacy, presenting choices as weighty and significant as any that might be pondered in the hallowed halls of justice.

How Do I Buy Life Insurance From Lincoln Financial?

In the intricate dance of procuring life insurance, Lincoln Financial extends its hand through the conduits of its financial advisors, guardians of the policyholder’s interests, as a lawyer would be an advocate for their client.

Embarking on this journey requires but a simple gesture—a form completed on the Lincoln Financial website, akin to a summons to enter the chambers of consultation. For those preferring a more personal touch, a directory of agents, much like a list of expert witnesses, awaits to pinpoint an advisor in your vicinity.

The Deliberation: Defining Your Priorities

Prospective policyholders are summoned to the stand, figuratively speaking, to testify to their priorities. This introspection is crucial, akin to a client’s account of their needs, helping determine not only the type of life insurance—be it the ephemeral term or the indelible permanent—but also the scope of coverage. These deliberations weigh the tenure of the desired coverage, the monetary investment one is prepared to make, and the fiscal ambitions held for the beneficiaries.

The Formalities: Application and Documentation

While the act of application defies the digital realm’s immediacy, precluding an online transaction, Lincoln Financial embraces modernity in other respects. Policy documents, those binding agreements between the insurer and insured, can be dispatched digitally, arriving in the sanctum of a customer’s Lincoln Financial account with the swiftness of a couriered brief.

Thus, Lincoln Financial crafts its relationship with its clients with a blend of the personal touch of face-to-face advisement and the efficiency of electronic document delivery, a hybrid approach well-suited to the complexities of contemporary life and the serious business of life insurance.

Evaluating Lincoln Financial for Life Insurance: Pros and Cons

When contemplating whether to engage with Lincoln Financial for one’s life insurance needs, one must weigh the evidence as judiciously as a judge ponders a case. Herein, we shall examine the merits and potential drawbacks.


  1. Diverse Policy Options: Lincoln Financial offers an extensive selection of term and universal life insurance policies, allowing clients to find a policy that aligns with their specific needs and circumstances.
  2. Conversion Feature: The option to convert from term to universal life insurance without a medical exam or additional fees is a significant advantage, providing flexibility for changing life circumstances.
  3. Customization Through Riders: The ability to tailor policies with riders for children’s level term, waiver of premium, and accelerated benefits allows for personalized coverage.
  4. No Medical Exam for Eligible Applicants: Qualifying applicants may bypass medical exams and lab work, expediting the underwriting process and alleviating inconvenience.
  5. Electronic Document Delivery: The availability of electronic document delivery provides convenience and streamlines the process of policy management.
  6. Reputation and Longevity: Lincoln Financial, with its rich history and connection to the legacy of Abraham Lincoln, has established a reputation for reliability and trustworthiness.


  1. No Whole Life Insurance: Lincoln Financial does not offer whole life insurance policies, which could be a significant limitation for those seeking permanent coverage with fixed premiums and a cash value component.
  2. No Online Application: The lack of an online application process may deter those who prefer the convenience and immediacy of digital services.
  3. Premium Increases Upon Renewal: While premiums for term life policies are guaranteed level for the term, they will increase annually after renewal, potentially becoming costly as one approaches old age.
  4. No Multi-Policy Discounts: Unlike some competitors, Lincoln Financial does not offer discounts for bundling multiple types of insurance policies, which may be a drawback for customers looking to consolidate their insurance needs with one provider.


Lincoln Financial is a venerable institution that offers a variety of life insurance products tailored to different needs, with the flexibility of term conversion and personalized riders. However, the absence of whole life insurance and online application processes, along with the potential for high premium costs upon renewal, may give pause to some potential clients.

In rendering a verdict, if one values a robust selection of term and universal life policies with conversion options and can forego the need for whole life insurance and online application convenience, Lincoln Financial emerges as a strong contender in the life insurance arena. However, for those who prioritize the availability of whole life insurance, online applications, and the potential long-term affordability of premiums, it may be prudent to explore additional avenues. As with any significant financial decision, it is wise to consult with a financial advisor to thoroughly evaluate one’s unique needs and circumstances before proceeding.

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