Lincoln vs. Securian Financial: Top Life Insurance in 2024
In a comparison of Lincoln vs. Securian Financial, it was an easy win for Securian. Looking at Lincoln vs. Securian Financial life insurance rates, it's clear that Securian Financial is more affordable for men and women of various ages than Lincoln. Furthermore, Securian Financial holds a higher rating from the Better Business Bureau than Lincoln.
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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: Dec 4, 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: Dec 4, 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
- A.M. Best gave the same rating to both Lincoln and Securian Financial
- The Better Business Bureau gave a higher rating to Securian Financial
- Securian Financial offers more affordable rates to men of various ages than Lincoln Life Insurance
- Securian Financial also offers more affordable rates to women of various ages than Lincoln
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. Securian Financial life insurance companies today.
Our Securian 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 Better Business Bureau and A.M. Best.
Before we dive into our Lincoln vs. Securian Financial 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. Securian Financial: 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. Securian Financial monthly term life insurance rates for men.
Lincoln vs. Others: Term Life Average Monthly Rates for Males
| Company | 30-Year-Old Male Average Monthly Rates | 40-Year-Old Male Average Monthly Rates | 50-Year-Old Male Average Monthly Rates | 60-Year-Old Male Average Monthly Rates |
|---|---|---|---|---|
| Haven Life | $23.45 | $31.20 | $85.47 | $245.67 |
| Lincoln | $12.34 | $15.22 | $30.96 | $71.95 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| 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 |
| Securian Financial | $8.81 | $11.04 | $22.17 | N/A |
| State Farm | $24.59 | $33.72 | $69.59 | N/A |
| Transamerica | $12.47 | $18.71 | $37.41 | $86.86 |
How easy is it to find affordable Lincoln vs. Securian Financial life insurance quotes? As you can see, Lincoln is about $3.50 more per month than Securian Financial for men in their 30s.
How about men in their 40s? These men will be paying over $4 more per month with Lincoln. Is this also true for men in their 50s? For this category, Lincoln is over $8 more expensive than Securian Financial per month for term life.
In short, our Lincoln vs. Securian Financial life insurance review has shown us that Securian Financial offers more affordable rates to men of various ages than Lincoln.
Term Life Insurance Policy Specifications
In case you are still interested in a policy from Lincoln, let’s take a closer look at Lincoln’s TermAccel policy. Note the 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 which company offers more affordable coverage 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. Securian Financial monthly term life insurance rates for women.
Lincoln vs. Others: Term Life Average Monthly Rates for Females
| Company | 30 -Year-Old Average Monthly Rates | 40-Year-Old Average Monthly Rates | 50-Year-Old Average Monthly Rates | 60-Year-Old Average Monthly Rates |
|---|---|---|---|---|
| Haven Life | $20.01 | $27.76 | $68.24 | $160.40 |
| Lincoln | $16.10 | $21.22 | $37.41 | $74.81 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| 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 |
| Securian Financial | $8.21 | $9.83 | $17.31 | N/A |
| State Farm | $18.72 | $28.49 | $54.59 | N/A |
| Transamerica | $11.18 | $16.34 | $29.89 | $71.81 |
Is Securian Financial cheaper for women just as it was for men? For women in their 30s, Securian Financial is nearly $8 cheaper per month.
How about women in their 40s? These women will be paying over $11 more per month with Lincoln.
Lincoln is also more expensive for women in their 50s. These women will be paying $20 less per month with Securian Financial.
We now know that Securian Financial is the cheaper company across the board when compared to Lincoln. Let’s take a look at Lincoln vs. Securian Financial Group reviews from the Better Business Bureau (BBB) and A.M. Best.
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Lincoln vs. Securian Financial: 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 compares 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 a rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.
Since Securian Financial is not on the list of the top 25 companies, does that mean it doesn’t have an A.M. Best rating? No, as it turns out, Securian Financial also possesses an A.M. Best 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 BBB’s lowest possible rating of “F.” Furthermore, Lincoln Financial Group does not hold BBB accreditation.
How did Securian Financial fare in comparison? Securian received a better (but not terrific) score of “B.” Securian is BBB accredited.
In conclusion, Securian Financial offers more affordable rates to men and women of various ages and holds a higher rating from the Better Business Bureau.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. Securian Financial 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. Securian Financial Life Insurance
What follows is a commonly asked questions about Securian Financial and Lincoln Heritage.
#1 – What is the number for Securian Financial Advisors of the Great Lakes?
You can call (517) 220-6000.
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.