Lincoln vs. North American: Top Life Insurance in 2024
In a comparison of Lincoln vs. North American life insurance, it was a tie. Lincoln and North American life insurance rates are balanced: Lincoln offers more affordable rates to men of various ages than North American, though North American offers more affordable rates to women of various ages than Lincoln. Lastly, A.M. Best gave an identical rating to both companies.
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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: Mar 15, 2024
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: Mar 15, 2024
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 slightly more affordable rates to men of various ages than North American
- North American Life Insurance offers more affordable rates to women of various ages than Lincoln
- A.M. Best gave an identical rating to both companies
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. North American life insurance companies today.
Our North American and Lincoln Financial Group life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our Lincoln vs. North American 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. North American: 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. North American 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. North American life insurance quotes? As you can see, Lincoln is slightly cheaper across the board. Look at rates for men in their 60s, for instance, where Lincoln is over $5 cheaper per month.
In short, our Lincoln vs. North American life insurance review has shown us that Lincoln offers slightly more affordable rates to men of various ages than North American for term life insurance.
Let’s take a look at a quick table that outlines the details of a Lincoln TermAccel term life insurance policy.
Coverage Outline for Lincoln Financial TermAccel Underwriting Program
| A.M. Best Rating: | A+ = (Superior) |
| 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 |
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 for women offered by companies including Lincoln vs. North American.
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 becomes the more expensive company when it comes to women. Women in their 30s and 40s will pay about $5 more per month with Lincoln.
What about a woman in her 50s or 60s? Women in these categories will be paying $11 and $20 more per month with Lincoln, respectively.
Let’s wrap up with A.M. Best ratings and see if the tie can be broken.
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Lincoln vs. North American: 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.
Let’s take a look at a table that compare the ratings given to major life insurance companies including Lincoln Financial Group and North American Life Insurance Company by A.M. Best.
Take further note of column three, which displays whether each life insurance company requires a medical exam prior to the issuing of coverage.
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.
What rating did A.M. Best give to North American? As it turns out, North American 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 North American fare in comparison? North American Company for Life and Health insurance received a sterling rating of “A+” from the Better Business Bureau.
Furthermore, on top of holding the Better Business Bureau’s highest rating, North American holds BBB accreditation.
In conclusion, Lincoln offers more affordable rates to men, North American offers more affordable rates to women, and the two companies hold the same A.M. Best rating.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. North American life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Read more:
- Lincoln vs. MassMutual: Top Life Insurance
- Lincoln vs. Mutual of Omaha: Top Life Insurance
- Lincoln vs. Nationwide: Top Life Insurance
Frequently Asked Questions: Lincoln vs. North American Life Insurance
What follows are a couple of commonly asked questions about these two companies.
#1 – What is the Lincoln Heritage Life Insurance phone number?
You can reach Lincoln at (800) 487-1485.
#2 – What is the North American Life Insurance phone number?
You can reach North American at (877) 872-0757.
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.