Lincoln Financial Guaranteed Universal Life Reviews

Lincoln Financial is is a well respected carrier and one of the top life insurance companies available today. The big question is – Is Lincoln Financial the right company for you? We hope to answer that question with this Lincoln Financial Guaranteed Universal Life Reviews article in order for you to make an informed decision. Lincoln Financial’s GUL product is called the LifeGuarantee UL and it’s their main GUL product that we’ll be reviewing today.

Lincoln Financial Guaranteed Universal Life Reviews

Just know that this post is just one of many GUL reviews on our website. We have a huge series of reviews for the top companies that sell guaranteed universal life insurance.  To learn more about GUL products (also known as Term to 100 or Lifetime Term) please read an overview of GUL  here.

What company is the best?

Are you just looking for the best Guaranteed Universal Life insurance companies? We reviewed the top rated GUL companies right here.

Lincoln Financial Life Insurance Company

Financial Strength
Review Summary

The Lincoln Financial Group provides shoppers with a variety of wealth accumulation and life insurance products, as well as annuities. Lincoln Life Insurance is one of the top life insurance companies that you can find. They are a great carrier for a variety of niches and should be looked at closely by shoppers looking for term and permanent life insurance.

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lincoln financial best life insurance company

Lincoln Financial Group Overview

Lincoln Financial was founded in 1905 and is one of the strongest companies in the marketplace. A Fortune 250 American holding company, Lincoln operates several investment and insurance subsidiaries. Lincoln Financial has nearly $14 billion in revenue and has total assets of roughly $262 billion. In 2017, Lincoln Financial’s life insurance sales totaled just below $200 million which was an increase of 14%.

Guaranteed Universal Life (GUL) is a type of universal life insurance- but doesn’t have the market risks of UL.

Your premiums remain the same with GUL just like term life. With a GUL, you get coverage with a “no-lapse” guarantee. This means that if you pay your insurance premiums, you’ll always be covered. GUL is not made for cash value and it resembles and functions similarly to term life insurance. Term life insurance only covers you for a set number of years. GUL covers you to a specific age such as: Age 90, 95, 100, 110, or 121.

Lincoln Financial GUL Products

Lincoln Financial offers life insurance shoppers lifetime coverage with their guaranteed universal life insurance product called: LifeGuarantee UL

Lincoln Financial LifeGuarantee UL overview

Issue Ages

Ages 20 - 85

Minimum Benefit Amount


Coverage Lengths

Ages: 95, 100, 105, 110 and 120

Maximum Benefit Amount

Over $10,000,000

Lincoln Financial’s Financial Strength

Financial Strength Ratings

  • AM Best: A+
  • Moody's: A1
  • Standard & Poor's: AA-
  • Fitch: A+

How to choose? If you’re comparing companies & looking to choose from two carriers, one rated A+ and one rated A++, either one is likely to be there when you need it. However, if you’re picking carriers that are rated B+ and A+, financial strength could factor in your buying decision. Try to avoid companies that 1 or more financial agencies rate as potentially vulnerable.

Health Class Ratings

Life insurance classifications are important because they affect your premium. The better your health class rating, the lower your premium will be with. All companies (including Lincoln Financial) classify you differently.

These are the health classes that are offered with Lincoln Financial:

  • Preferred Best
  • Preferred
  • Standard
  • Non Tobacco & Tobacco

Sample Rates

Now let’s look at how much the Lincoln Financial LifeGuarantee UL can cost. Below are some sample monthly rates for a healthy non smoking 46 year old man.

Death BenefitTo Age 95To Age 110To Age 121

Make sure to use an independent life insurance agent that can shop from all the top life insurance companies. They will be able to provide you unbiased recommendations based on your specific health, age, and needs.

Life insurance rates depend on many factors. The life insurance company you choose is a major factor because each company rates you differently. Someone with diabetes may qualify for different rates depending on each company they apply with.

Learn more about life insurance shopping.


  • Lincoln Financial Benefits
  • Protection: Lincoln Financial has their Coverage Protection Guarantee (CPG) that is automatically included into your policy. This provides you with guaranteed life insurance protection. The CPG provides Coverage Protection Value so you won’t lose your policy if the cash surrender value in your policy is too little in order to cover your charges.


  • Weaknesses of Lincoln Financial
  • One of Many: Lincoln Financial is just one of many life insurance companies in the market. They don’t offer every option and they aren’t always priced the best. Depending on your health and age- another carrier may give you a better deal.
  • Cost: Lincoln Financial’s life insurance rates have a tendency to be higher than average.

Life insurance underwriting is the process of a company looking at the level of risk you present to the insurer. Once they can determine your risk level- they can decide the cost of the premium for you. This is similar to how a car insurance company will ask you if you have had any previous moving violations, accidents, DUI or license suspensions before providing you your final rate.

Learn more: Underwriting

Underwriting Information

Not all life insurance companies will look at you the same. Lincoln Financial and every other company has their own unique underwriting guidelines. Here are Lincoln Financial’s underwriting strengths and weaknesses:


These conditions typically get a better rating compared to the competition:

  • Tobacco: If you use chewing tobacco, cigars, nicotine gum, pipes, nicotine patches, electronic cigarettes, you can still have a positive nicotine test result and receive a standard rate class. Just know that you have to admit to your tobacco use when you apply.
  • Cholesterol: Lincoln is a great choice if you have cholesterol concerns. Preferred Plus is possible if you have a 5.5 HDL ratio as long as your total number is less than or equal to 230. Total cholesterol is acceptable to 275 if you are 70 and older.
  • Seniors: If you are 70 or older, you will be given more leeway in underwriting. The requirements for blood pressure, cholesterol and build (height and weight ratio) will not be as strict compared with some other carriers..
  • Diabetes: If you are 70 or older, you may qualify for Preferred rates if you have Type 2 Diabetes; DX in the past 3 years; A1C is 6.0 or lower; No neuropathy or retinopathy; Appropriate lips; Satisfactory cardiac results.


  • Lincoln has not shown any glaring underwriting weaknesses at this time.

Life Insurance Riders

Let’s look at what life insurance riders are available with a Lincoln Financial guaranteed universal life insurance policy.

  • Children's Term Rider
  • Accidental Death Benefit Rider
  • Accelerated Benefits with Critical Illness Rider
  • Disability Waiver of Monthly Deductions Benefit
  • Minimum Death Benefit Endorsement
  • Guaranteed Insurability Rider
  • Accelerated Death Benefit Rider
  • Lincoln LifeEnhance Accelerated Benefits
  • Disability Waiver of Specified Premium

Life insurance riders are some additional benefits that can be added to a life insurance policy. Some riders are included for free and some are an additional cost. These riders provide you the ability to increase or limit the insurance coverage of your policy. Not all companies offer every rider.

Learn more: Life Insurance Riders

How to buy the best Guaranteed Universal Life policy?

We cannot stress enough the importance of using an independent life insurance agent to help you choose the right GUL product at the most affordable price possible. 

Independent life insurance agents have access to multiple companies. We know which life insurers offer the best rates when it comes to buying guaranteed universal life insurance.

We hope this article gives you a good overview of guaranteed universal life insurance. GUL policies are a great solution for many shoppers that can provide protection for your loved ones.

About Life Insurance Blog

Life Insurance Blog is an impartial life insurance broker who represents dozens of life insurance companies. We help our customers pick the best life insurance carrier and options that’s right for them. We do not push any companies because we have access to all the top life insurance companies. We don’t try to put shoppers into a plan that is not suitable for their goals and needs. Our number one concern is our clients and future policyholders.

We offer you free life insurance consultations and work with you to understand your goals and then help you with an appropriate recommendation.  So, what are you waiting for?  Contact us today or visit our Life Insurance Quotes page and see how we can help you!

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Michael Quinn LIB

About Michael Quinn

Michael Quinn is the cofounder of Life Insurance Blog and a multi-state licensed life insurance agent. LIB has helped thousands of people understand life insurance and secure affordable coverage.

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