3 Facts About Lincoln National Life Insurance Company

Life insurance brings a plethora of benefits to adults of all ages. Life insurance plans have something for practically everyone, from protecting your family to leaving an inheritance to supplementing your retirement. Even if you just want to have some money to donate to charitable organizations after your passing, a life insurance policy may be exactly what you need.

Most major insurance companies offer some type of life insurance coverage. Aside from these companies, there are just as many more companies that only deal with life insurance. However, today we’ll be focusing on one company, in particular: Lincoln National Life Insurance Company.

The Lincoln National Life Insurance Company is part of the Lincoln Financial Group.

The Lincoln National Life Insurance Company is one of the oldest life insurance companies in the United States, and yes, it’s named after Abraham Lincoln. The namesake originates as the company wanted to commit to integrity and excellence just like “Honest Abe.” However, this company that began in 1905 isn’t a standalone insurance company. Instead, the Lincoln National Life Insurance Company is part of the Lincoln Financial Group family.

The Lincoln Financial Group provides financial advice and solutions for industry professionals, employers, and organizations. Their main business areas include life insurance, annuities, retirement plan services, and group protection. Lincoln Financial Group aims to support, preserve, and enhance people’s lifestyles and retirement outcomes.

The Lincoln National Life Insurance Company offers two types of life insurance, including term and permanent life insurance.


This company offers two main kinds of life insurance: term life insurance and permanent life insurance. There are some critical differences in these insurance policies. Term life insurance, or temporary life insurance, is designed only to be needed for a set amount of time. You’ll pay a premium for a fixed term and get a guaranteed benefit payout in the event of your death during that period. Most terms for this style of life insurance include 10, 15, 20, or 30 years. This can be the perfect policy to take for short-term needs.

On the other hand, permanent life insurance is just as it sounds: permanent. These policies are designed to last your lifetime and offer classic life insurance protection with the potential for growth by access to cash value and tax advantages. Permanent life insurance can usually be taken at any time. However, to reap the most benefits of a permanent life insurance policy, it’s best to take it out earlier in life.

You can work with a financial professional from Lincoln National to plan for your future.


Lincoln National Life Insurance Company offers consultations with a financial professional to help you plan ahead. They offer many services, including helping you determine the best life insurance policy to meet your needs, whether it’s a term or permanent life insurance policy. Not to mention, their consultations don’t stop there. You can also utilize this service for developing a financial plan, prepping for long-term care expenses, saving for college, and even making a plan to ensure your retirement income lasts as long as possible. This service is primarily thanks to Lincoln National Life Insurance Company being part of the Lincoln Financial Group but is an invaluable resource for anyone looking for financial advice.

You can get a free life insurance quote for the Lincoln National Life Insurance Company through SelectQuote.

SelectQuote works with various highly rated insurance companies like the Lincoln National Life Insurance Company to provide free quotes and improve accessibility for people from all walks of life. In addition, this company will work with you to find the best policy for you through Lincoln National and other companies.