Lincoln Benefit Life Complaints and Reviews

Worst customer service ever-Lincoln Benefit Life Review of Lincoln Financial Group Life Insurance If you are looking for Lincoln Financial Group Life Insurance Reviews then you have come to the right place. In this review of Lincoln Life Insurance, we discuss the company’s pros and cons and offer our readers an alternative. Lincoln Financial Group Life Insurance Reviews About Lincoln Life Although Lincoln does not currently make our top ten best life insurance companies list, they are still a solid company that we write a lot of clients with. Lincoln Financial Group, also known as Lincoln National Corporation, The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, has been around for over a hundred years. Lincoln Financial Group Life Insurance Reviews: The Positives A.M. Best Rating Lincoln has an A+ rating with A.M. Best. This is important for anyone who is concerned that the company they have life insurance with can pay out a death claim. Lincoln Financial is on solid ground when it comes to the company’s financial well being. Lincoln Life Products Lincoln LifeElementsLevel Term is a term insurance policy with guaranteed level premiums for your choice of 10, 15, 20, or 30 years. (30-Year Term is not available in Maryland). The premium is fixed for the term. After the term expires the policy will renew on an annual basis until age 95. Lincoln LifeGuarantee ULprovides a level death benefit option on a UL product that offers a guaranteed premium. Riders A waiver of premium rider and child rider are available for an additional fee upon request. A terminal illness rider is automatically included and will pay out a portion of the death benefit if you are diagnose terminally ill with death likely to occur in the next 6 months. Lincoln Financial Group Life Insurance Reviews: Underwriting Niches Clients who use cigars, pipes, chewing tobacco, nicotine gum, nicotine patches, electronic cigarettes, (basically all tobacco products besides cigarettes), can test positive for nicotine and still receive a standard rate class. However, the client must admit tobacco use on the application. Clients can qualify for the best rate class available if no nicotine shows up in the clients urine sample and the client uses a maximum of 12 cigars per year. A client can use up to 24 cigars a year and still qualify for preferred rate class as long as the urine sample shows no nicotine. Clients 70 and older are given more liberal underwriting requirements with regard to cholesterol, blood pressure and build (height and weight ratio). Lincoln Financial Life Insurance also has more liberal underwriting for older clients with a history of prostate or breast cancer. Liberal cholesterol ratio with preferred plus rate class available for clients with 5.5 HDL ratio as long as total number less than or equal to 230. The total cholesterol number jumps to 275 for clients 70 and older. 70 year old clients with diabetes can qualify for a preferred rate class from Lincoln Financial if the following: Type 2 diabetes, Recently diagnosed within the last 3 years, A1C over the last 12 months 6.0 or lower, No history or proteinuria, No history of retinopathy or neuropathy, Favorable cardiac workup, and Good lipids (meets preferred lipids criteria). As you can see from the above list, Lincoln Life is a solid life insurance company. However, as with every company out there, Lincoln does have its weaknesses. Lincoln Financial Group Life Insurance Reviews: The Negatives Lincoln Financial is but one company of many Lincoln Life has its strengths as noted above. However, the company also has weaknesses. While it might give a 70 year old diabetic the best price on life insurance, a healthy 40 year old might pay 20% or more for life insurance than with a competitor. For example, a $500,000 20 year term for a healthy 40 year old male would cost $39.61 a month. In contrast, the top carrier for a $500,000, 20 year term for a healthy 40 year old male would run $29.41 a month. That is a 25% difference or a savings of $120 annually or $2,400 over a 20 year term. The main point is that Lincoln Financial Group is but one fish in a large sea of companies offering life insurance. This is why if you are seeking out the best price for your specific situation or health you have to go with an agency that can offer you alternatives. Lincoln Financial Group Life Insurance Reviews: The Alternative The name of the game is choices. At TermLife2Go we focus on working with life insurance companies that offer a unique niche. Whether that niche is price, smoking, diseases, etc…our job is to know which company would be the best fit for you. Anyone searching the internet for Lincoln Financial Group Life Insurance Reviews want to see what options are out there. We currently represent over 60 of the top rated life insurance companies. That number will continue to grow as more and more companies come to realize that it is to their advantage to carve out niches. It is by aligning each of our client’s unique health and lifestyle with the various companies’ niches that allow us to secure the best life insurance quotes for our clients. That is the TermLife2Go advantage. TermLife2Go We are not a call center. We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you! Give us a call today @866-760-8740 or click below for free Lincoln Financial Group Life Insurance quotes. If you enjoyed our Lincoln Financial Group Life Insurance Reviews article or have additional questions, please leave a comment below.