Lincoln vs. SBLI: Top Life Insurance in 2024
In a comparison of Lincoln vs. SBLI life insurance companies, SBLI came out on top. A.M. Best gave both Lincoln and SBLI the same rating. Lincoln offers slightly more affordable rates, on average, to men of various ages. However, SBLI offers more affordable rates to women of various ages. Lastly, SBLI holds a much higher rating from the Better Business Bureau.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The Lincoln Life Insurance Company offers slightly more affordable rates to men of various ages, on average, than SBLI
- SBLI Life Insurance Company offers more affordable rates to women of various ages than Lincoln
- A.M. Best gave an identical rating to both Lincoln and SBLI
- SBLI received a higher rating from the Better Business Bureau
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on Lincoln vs. SBLI life insurance companies today.
Our SBLI and Lincoln Financial Group life insurance review will cover the term life insurance rates offered to men and women of various ages. Also covered will be ratings from both the BBB and A.M. Best.
Before we dive into our Lincoln vs. SBLI life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Lincoln vs. SBLI: Which company offers more affordable life insurance rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares Lincoln vs. SBLI monthly term life insurance rates for men.
Lincoln vs. Others: Sample Rates for Males
| Companies | Male Age: 30 Average Monthly Rates | Male Age: 40 Average Monthly Rates | Male Age: 50 Average Monthly Rates | Male Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $12.34 | $15.22 | $30.96 | $71.95 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Nationwide | $13.56 | $16.41 | $32.59 | $86.41 |
| North American | $12.98 | $16.50 | $31.90 | $77.44 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| Protective | $11.62 | $14.78 | $30.07 | $69.90 |
| Prudential | $21.88 | $25.60 | $38.07 | $79.41 |
| Sagicor | $12.60 | $17.07 | $43.59 | $103.05 |
| SBLI | $11.80 | $14.53 | $31.88 | $75.61 |
| Transamerica | $13.33 | $20.21 | $40.21 | $101.91 |
How easy is it to find affordable Lincoln vs. SBLI life insurance quotes? As you can see, SBLI is only about 50 cents cheaper per month than Lincoln National.
Women in their 40s again pay just under $1 more with Lincoln National. Is Lincoln more expensive for women in their 50s and 60s? No, it turns out that SBLI is the more expensive company for these two demographics.
For women in their 50s, SBLI is more expensive by less than $1. Women in their 60s, however, pay over $3 more per month for term life insurance coverage with SBLI.
In short, our Lincoln vs. SBLI life insurance review has shown us that Lincoln offers marginally more affordable rates to men, on average.
Term Life Insurance Policy Specifications
Since we know that Lincoln is the cheaper company for men on average, let’s take a closer look at Lincoln’s TermAccel policy. Pay particular note to term periods and death benefits.
Lincoln Financial TermAccel
| Issue Ages: | 18 - 60 |
| Coverage Options: | Term Life Insurance |
| Death Benefit Amounts: | $100,000 - $1,000,000 |
| Health Classes: | Preferred Plus, Preferred, Standard Plus & Standard |
| Application Type: | Online |
| Telephone Interview: | Yes |
| Exam Potential: | Could be required |
| Underwriting: | MIB, MVR, Prescription History |
| Fastest Approval Time: | 2 - 7 Business Days |
It is very much worth being aware of your specific needs prior to choosing not only a company, but a company’s specific coverage form. No two companies offer the exact same product line.
Now that we have some more details about Lincoln’s coverage, let’s see if it can retain its lead when we analyze the rates offered to women of various ages.
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Which company offers more affordable rates to women?
Let’s now take a look at a table comparing Lincoln vs. SBLI monthly term life insurance rates for women.
Lincoln vs. Others: Sample Rates for Females
| Companies | Female Age: 30 Average Monthly Rates | Female Age: 40 Average Monthly Rates | Female Age: 50 Average Monthly Rates | Female Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $16.10 | $21.22 | $37.41 | $74.81 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Nationwide | $13.34 | $16.19 | $27.13 | $61.69 |
| North American | $11.66 | $14.96 | $26.62 | $54.34 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| Protective | $10.43 | $13.31 | $25.12 | $49.88 |
| Prudential | $17.72 | $21.22 | $37.63 | $59.07 |
| Sagicor | $10.95 | $15.10 | $36.75 | $63.78 |
| SBLI | $10.38 | $13.08 | $26.72 | $53.85 |
| Transamerica | $12.26 | $17.63 | $32.25 | $81.06 |
Is Lincoln cheaper for women just as it was for men? As it turns out, SBLI is cheaper for women across the board. Women in their 30s pay nearly $6 more per month with Lincoln National.
Women in their 40s pay $8 more with Lincoln. How much more expensive per month is Lincoln for women in their 50s and 60s? SBLI is nearly $11 cheaper for women in their 50s and $21 cheaper for women in their 60s.
We now know that SBLI is the cheaper company for women. Let’s take a look at the ratings from the Better Business Bureau and A.M. Best to see if the current tie can be broken.
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Lincoln vs. SBLI: Which company is more well-reviewed?
To wrap up, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.
Let’s take a look at a table that compare the ratings given to major life insurance companies by A.M. Best.
List of the Top 25 Life Insurance Companies in the U.S.
| Life Insurance Company | A.M. Best Rating | No Medical Exam Option |
|---|---|---|
| AIG | A | No |
| ANICO | A | Yes |
| Assurity | A- | Yes |
| Banner Life | A+ | Yes |
| Cincinnati Life | A | No |
| Fidelity | A- | Yes |
| Foresters | A | Yes |
| Gerber Life | A | Yes |
| John Hancock | A+ | Yes |
| Lincoln Financial | A+ | Yes |
| MetLife (Brighthouse) | A+ | No |
| Midland National | A+ | No |
| Minnesota Life | A+ | Yes |
| Mutual of Omaha | A+ | Yes |
| Nationwide | A+ | No |
| North American Company | A+ | No |
| Pacific Life | A+ | Yes |
| Principal | A+ | Yes |
| Protective | A+ | No |
| Prudential | A+ | No |
| Sagicor | A- | Yes |
| SBLI | A+ | Yes |
| Symetra | A | No |
| Transamerica | A+ | Yes |
| VOYA | A | No |
Lincoln received rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.
What rating did A.M. Best give to SBLI? SBLI received an identical rating of “A+.”
The Better Business Bureau is another organization that can provide security in one’s choice of insurance provider.
Lincoln Financial Group received the Better Business Bureau’s lowest possible rating of “F.” Furthermore, Lincoln Financial Group does not hold BBB accreditation.
How did SBLI fare in comparison? SBLI received a sterling rating of “A+” from the Better Business Bureau.
Furthermore, on top of holding the Better Business Bureau’s highest rating, SBLI holds BBB accreditation.
In conclusion, Lincoln offers slightly more affordable rates to men but SBLI offers more affordable rates to women and also holds a much higher rating from the Better Business Bureau.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. SBLI life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Frequently Asked Questions: Lincoln vs. SBLI Life Insurance
What follows are a couple of commonly asked questions about these two companies.
#1 – Where can I find Lincoln Life Insurance forms?
Lincoln has downloadable life insurance and annuity forms.
#2 – How do I make an SBLI Life Insurance payment?
You can sign up for automatic payments, call the customer service number, or pay on SBLI’s website.
#3 – What is the SBLI Life Insurance phone number?
The customer service number is 1-800-694-7254.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.