Lincoln vs. Principal: Top Life Insurance in 2024
In a comparison of Lincoln vs. Principal life insurance, Principal barely won. Both Lincoln and Principal offer nearly identical rates to men of various ages. Furthermore, A.M. Best gave the same Financial Strength Rating to both Lincoln and Principal. However, Principal offers more affordable rates to women of various ages 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: 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 and Principal offer comparable rates to men of various ages
- Principal offers more affordable rates to women of various ages
- A.M. Best gave Lincoln and Principal the same 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. Principal life insurance today.
Our Principal and Lincoln life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our Lincoln vs. Principal 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. Principal: 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. Principal 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. Principal life insurance quotes? As you can see, Principal is consistently the more expensive company. However, it is by less than $1 for every age range.
In short, our Lincoln vs. Principal life insurance review has shown us that the two companies are basically tied when it comes to the rates offered to men.
Let’s move on and see if the companies’ offered rates to women can break the tie.
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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 by life insurance companies, including Lincoln vs. Principal.
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 consistently the more expensive company for women of various ages. Women in their 30s pay nearly $5 less per month with Principal while women in their 40s pay $7 less.
How about for women in their 50s and 60s? Women in these two age ranges pay $11 and $23 more per month with Lincoln, respectively.
Let’s wrap up with Lincoln and Principal life insurance company ratings from A.M. Best.
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Lincoln vs. Principal: 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 Principal? As it turns out, Principal received an identical rating.
In conclusion, Principal won our comparison due to its lower offered rates to women.
We hope you have learned all you needed to decide whether to buy Lincoln vs. Principal 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. Principal Life Insurance
What follows are some commonly asked questions about these two companies.
#1 – What is the Principal Life Insurance Company mailing address?
Principal Life Insurance Company’s Group Life & Disability Claims Department address is 711 High St. Des Moines, IA 50392-0002.
#2 – Is there a Principal Life Insurance 401(k)?
Principal offers both 401(k) and 403(b) plans.
#3 – Where can I find Lincoln Life Insurance reviews?
A.M. Best or the Better Business Bureau are two excellent options.
#4 – I need to know how to cancel life insurance from Lincoln. What is the phone number?
You can reach support at (800) 487-1485.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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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
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.