Check out our 2019 rankings for the best GUL policies available. We've ranked 16 different carriers.
Quick Summary: Lincoln can be a great option if you have certain health issues. Their underwriting is lenient which can save a lot of money. Overall, their pricing is middle of the pack and you can find cheaper. Very strong and stable company.
About the Company - Lincoln Financial Group
Today they are known as the Lincoln Financial Group and continue to be among the leaders the life insurance marketplace with more than $150 billion of life insurance policies in force. In 2016, LFG was named the "Best Life Insurance Company in the United States" by World Finance magazine.
Rating agencies are unanimous when comes to the financial stability of Lincoln. Fitch, Moody's, and A.M. Best all give out A grades. This puts them in rare company compared to other carriers. You can feel safe about the solvency and future outlook of Lincoln Financial Group as a company.
What is Guaranteed Universal Life Insurance? (expand to learn more)
Also known as GUL or "No Lapse", these policies are a simplified version of traditional universal life insurance. A good fit for people who desire the peace of mind of permanent life insurance and want to know the death benefit will always be there.
With guaranteed universal policies, there is no investment component so you don't have to worry about performance of interest rates. These products are attractive because they are simple and easy to understand. There is a guaranteed premium payment that doesn't change and a guaranteed death benefit that will cover you up to age 121, so basically for "life"
Expect the cost to be higher than basic term life insurance but much cheaper than whole life or non-guaranteed universal life policies. Learn more about the Pros and Cons of guaranteed universal life insurance.
About the Lincoln Financial Group Guaranteed Universal Life Insurance Policy
$100,000 to $10M+
20 to 85
To age 121
Lincoln Financial Underwriting Secrets
The Lincoln Financial group can be very aggressive (in a good way) for certain health issues. We've been able to secure life insurance coverage for several clients at Lincoln who were flat out denied everywhere else.
The secret to finding the cheapest life insurance rates is applying at the company that will view you most favorably. Just going with the one that shows the lowest rates can be a BAD idea and end up costing you more money.
LFG underwriting is progressive and understanding for the following situations:
Cost - Sample Rates
Sample Lincoln Financial Group guaranteed universal life insurance quotes:
55-year-old male at Preferred health class - pricing listed is per month
to Age 121
50-year-old female at Preferred health class - pricing listed is per month
to Age 120
Our custom quote tool on this page displays only guaranteed universal quotes so you can cut through the clutter. Please note that some carriers do not allow us to display their rates online. We will discuss if there are other options that might be a better fit.
Lenient underwriting for many health and lifestyle issues
"A" rated across the board for financial strength of the company
No return of premium option
Priced higher than other carriers
Extras, Options, and Flexibility
Lincoln's LifeGuarantee UL product offers some choices for customization to your needs. Some are included automatically and others will increase your premium payments.
Automatically Included at No Extra Cost
Coverage Protection Guarantee - The CPG provides an alternate coverage protection value that when positive, ensures coverage remains in place even if the cash surrender value is too small to cover policy charges. This gives an extra layer of security and peace of mind.
Choice and Flexibility - You have the freedom to adjust the amount of the guaranteed death benefit, the length of the guarantee period, and the amount and frequency of premium payments.
Accelerated Benefits Rider - If the insured becomes terminally or critically ill, a part of the death benefit may be accessed early, while still living. Use the funds to help pay medical costs or for anything you want. There is no extra premium charge along the way although there is a one-time fee to exercise the rider.
Additional Options - At a Cost
Customize your GUL life policy further by considering these options:
Accidental Death Benefit Rider - Your beneficiaries receive an extra amount of money in the event of death due to an accident.
Children's Term Rider - Insure your children under the same main policy.
Disability Waiver of Monthly Deductions Benefit Rider - Have the premium payments waived in the event the insured becomes disabled.
Guaranteed Insurability Rider - Gives you the right to increase the death benefit at a later date without submitting to new underwriting.
Spouse Term Rider - Add life insurance coverage for your spouse under the same policy.
How To Make Sure You Choose the Right Universal Life Insurance Policy
The best advice I can give is to always work with an independent agent. If you call a company direct, they'll only push their products on you, and you save nothing. Rates are fixed by your state laws.
Life insurance is the ONLY thing we do. We know the ins and out of 60+ companies and can find you the lowest rates. Every. Single. Time.
To get started, fill out a quote request and we'll be in touch soon to help.