I'm Ty Stewart, founder of SimpleLifeInsure.com.  I'm an independent agent who works with clients nationwide to secure affordable life insurance and make the process simple and easy.  This article draws upon my years of experience working with clients, carriers, and underwriters.  My team and I focus solely on life insurance, and we have put over 9,000 policies in force.  Let us know if we can help.  There is never any cost or pressure when using our services.

Lincoln Financial – Guaranteed Universal Life Insurance Review

Written by Ty Stewart - Last Updated December 17, 2018

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

Lincoln Financial

The Lincoln National Life Insurance Company was established in 1905 and is a direct reference to President Abraham Lincoln who they believe represented the companies core beliefs.

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.

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What is Guaranteed Universal Life Insurance? (expand to learn more)

About the Lincoln Financial Group Guaranteed Universal Life Insurance Policy

Product Name

LifeGuarantee UL

Death Benefit

$100,000 to $10M+

ISSUE AGE

20 to 85

Coverage Length

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.

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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:

  • Former tobacco users of any kind, cigars, cigarettes, vaping  
  • Type 2 diabetics over age 70
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    Prostrate, breast, and thyroid cancer
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    High cholesterol levels if the HDL ratio is good
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    Marijuana (cannabis) users
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    Body mass index and build chart issues

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

Death Benefit

to Age 121

$250,000

$294

$500,000

$588

$750,000

$881

$1,000,000

$1,175

50-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 120

$250,000

$195

$500,000

$390

$750,000

$585

$1,000,000

$780

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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.

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Pros

Lenient underwriting for many health and lifestyle issues

"A" rated across the board for financial strength of the company

Cons

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.

independent life insurance agents helping to secure affordable life insurance coverage

No pressure or cost to use our help.

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About Ty Stewart
Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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