In this article, I’m going to provide you with a review of Lincoln National Life Insurance Company.

Knowing more about an insurance company will help you make an informed decision in considering whether this life insurance company is the right choice for you.

Lincoln Life Insurance Company Overview

Lincoln National Life Insurance Company is part of the Lincoln Financial Group.  The company has its headquarters in thePhiladelphia region.  The company has its origins going back to 1905 and has risen steadily as a financial group and as an insurance company since its inception.

The services provided to individuals by this company include annuities, life insurance, long-term care, and employee benefits.  Additionally, the company also provides retirement plans, group insurance and executive benefits for employers, and also provides presidential funds for investment management.

Lincoln Financial Group is ranked number 247 in the Fortune 500, and as number 220 on Baron’s 500.

Financial Assessment of Strength of Lincoln National Life Insurance Company

One of the ways a person can determine whether an insurance company is suitable is to know how strong the company is considered financially.  A financially stable company will able to fund its payments and since this is a long term investment for you, it is vital you pick a company which is financially secure.

You can always learn about the financial stability of any listed company by checking a company through the rating companies such as A.M. Best, Standard and Poor’s, Moody’s, and Fitch, just to name a few. These companies perform a detailed analysis of the financial strength of a company and rate how stable it considers the company.

If you’re wondering how Lincoln National Insurance company rates with these companies, I just happen to have the information available.  At the present time, A.M. Best gives Lincoln a rating of A+ (Superior), while at Fitch it is rated as A+ (Strong), and at Moody’s it has a rating of A2 (Good), and finally at Standard’s and Poor’s it is rated as AA (Very Strong).

Overall, Lincoln National Life Insurance Company could be considered as being very financially sound.

Life Insurance Products Provided by LincolnNational Life Insurance

Lincoln National Life Insurance provides the following life insurance products:

Term life insurance

Term life insurance is the most affordable form of life insurance available.  This type of life insurance covers death benefits only, and can be purchased in periods of time which is why it is called ‘term’.

AtLincolnyou can buy term insurance for 5, 10, 15, or 20 years.  When you buy a term policy, the premiums are fixed for the life of the term.  It’s always better to buy a longer term because the premiums get progressively more expensive each time you renew the policy.

Permanent Life Insurance

Permanent life insurance combines 2 features which include the death benefits but also has the added advantage of a cash accumulation feature.  The cash accumulation is often used as a complement to your retirement plan and has the added advantage that you can borrow against a portion of the amount which you accumulate.

At Lincoln National Life Insurance Company, you have 2 types of permanent life insurance policies to choose from and they include:

• Universal Life Insurance – Also provides you with a cash value and death benefits but has the added advantage by giving you the option for you to make monthly premiums which are more flexible.  You are also allowed to determine the amount of your death benefit while the policy is still in force.  Your cash value accumulation growth can be set at a set rate.

Your earnings are not taxed until they are paid out (tax-deferred)

• Variable Life Insurance – Provides all the benefits which you find with universal life insurance.  The main difference is that your cash value accumulation has the potential to grow and based on the market performance of the portfolio you have selected.  You can choose where your premiums will be invested.  Like universal life insurance, your earnings are tax deferred until they are paid out.

Complaints against Lincoln National Life Insurance Company

Any company of any size will experience its share of consumer complaints.  The best place to check out a company and how it rates is through the BBB (Better Business Bureau).  Lincoln National Life Insurance Company isn’t listed but Lincoln Financial Group is listed with the BBB and it has been a member since 1939.  This company has a rating of A+ which is the top rating.