Lincoln Financial Guaranteed Universal Life Reviews

Lincoln Financial is a great company, but are they the best choice for your insurance needs? Learn about their rates, financial strength, coverage options, and more!
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit

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

87.83
Cost
Products
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.

Very Good!
lincoln financial best life insurance company

About Lincoln Financial Group

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%.

Lincoln Financial’s Financial Strength

Financial Strength Ratings

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.

Lincoln Financial GUL Products

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

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 LifeGuarantee UL

Issue Ages

Ages 20 - 85

Minimum Benefit Amount

$100,000

Coverage Lengths

Ages: 95, 100, 105, 110 and 120

Maximum Benefit Amount

Over $10,000,000

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:

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
$100,000$87.06$94.88$95.05
$500,000$375.69$398.21$398.63
$750,000$557.72$591.53$592.16
$1,000,000$739.73$784.82$785.67

Will Lincoln get you the best rate?

Will Lincoln or some other company like Protective, Principal, or even Costco get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…

Compare Life Insurance Quotes

Use our instant life insurance calculators to compare rates from dozens of the top companies.
Total Time Needed: 5 minutes
Total Cost: 0 USD

Required Tools:

- A Computer.
- Internet Connection.

Things Needed?

- A pen
- A piece of paper

Steps to get an accurate life insurance quote

Use the calculator on this page or click the link above to visit our instant quotes page.
Step 2 : Input coverage details
Fill out the basics about what you’re wanting, how much coverage, for how long, etc. That way we can understand your situation before we can help you. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you.
Step 3 : Get help from a licensed agent
Once you’ve filled out the calculator, one of our licensed life insurance agents will  provide you all your options and plan out who will provide you the best rate based on your specific health and lifestyle. All of the recommendations will be based off of the details you provide. It’s very important that you're honest and answer your agent's questions accurately. 
Step 4 : Compare realistic rates
This is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. There are literally hundreds of companies and thousands of policy options available. We'll make sure you get the best one based on what you'll qualify for.

Advantages

  • 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.

Disadvantages

  • 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.

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:

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

Strengths

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

Weaknesses

Life Insurance Riders

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

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!

Originally posted 2018-10-31 11:39:42.

Michael Quinn
Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

Table of Contents

Michael Quinn
Founder – Life Insurance Blog

We’ve all been there — You’re just not ready to talk to an agent right now.

Good news: For life insurance quotes that doesn’t require contact information, we’ve partnered with Policy Genius.

They provide my visitors a simple and fast quoting experience. You can compare multiple “A” rated companies & you won’t have to enter your personal information unless you like the price and want to apply.