Lincoln vs. Nationwide: Top Life Insurance in 2024
In a comparison of Lincoln vs. Nationwide life insurance, it was a tie. Lincoln and Nationwide life insurance rates show Nationwide is more affordable to women of various ages than Lincoln. Lincoln, however, offers more affordable rates to men of various ages than Nationwide. Lastly, A.M. Best gave both Lincoln and Nationwide an identical rating.
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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
- Lincoln offers more affordable rates to men of various ages than Nationwide
- Nationwide offers more affordable rates to women of various ages than Lincoln
- A.M. Best gave Lincoln and Nationwide an identical Financial Strength Rating
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. Nationwide life insurance today.
Our Nationwide and Lincoln life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our Lincoln vs. Nationwide 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. Nationwide: 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. Nationwide 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. Nationwide life insurance quotes? As you can see, Lincoln is consistently the cheaper company for men.
Rates are close for men in their 30s, 40s, and 50s. However, for men in their 60s, Lincoln is $15 cheaper than Nationwide.
In short, our Lincoln vs. Nationwide life insurance review has shown us that Lincoln offers more affordable rates to men than Nationwide.
Let’s move on and see if the companies’ offered rates to women can balance the scale.
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Which company offers more affordable rates to women?
Let’s now take a look at a table comparing monthly term life insurance rates offered to women by companies including Lincoln vs. Nationwide.
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 |
As you can see, Lincoln is the more expensive company when it comes to the rates offered to women. Women in their 30s pay about $3 more per month with Lincoln, while those in their 40s pay $5 more.
How about women in their 50s and 60s? Women in these age groups pay $10 and $13 more with Lincoln per month, respectively.
Let’s wrap up with A.M. Best ratings and see if the tie can be broken.
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Lincoln vs. Nationwide: Which company is more well-reviewed?
Finally, 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.
Lincoln received a rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.
What rating did A.M. Best give to Nationwide? As it turns out, Nationwide received an identical rating. In short, it was a tie between these two companies.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. Nationwide 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. Nationwide Life Insurance
What follows are some commonly asked questions about Lincoln and Nationwide life insurance companies.
#1 – What is the Lincoln Life Insurance phone number?
You can reach Lincoln at (800) 487-1485.
#2 – What is the Nationwide Life Insurance phone number?
You can reach Nationwide at (800) 848-6331.
#3 – What is the Nationwide NAIC number?
The primary Nationwide NAIC number is 23779.
#4 – How can I make a Nationwide online payment?
You just need to log in using your information, then go to “Bills & Payments.”
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.