Lincoln Financial Life Insurance Review (2026)

Written and reviewed by Hans Goldstein, licensed insurance producer, NPN 20602398 · CA Insurance License #4273294
Last reviewed October 3, 2026 · Published October 3, 2026

Editorial review by a licensed agent who may earn a commission. No insurer pays for placement or grades. Hans is paid a commission by the insurer if you buy a policy through him. For life insurance, ask and he will tell you what he earns on your specific policy.

The IUL menu, with published numbers

Lincoln IULs (Lincoln fact sheets)

Sources: WealthProtector, WealthBuilder, WealthAccelerate. Caps, participation rates, loan rates, charges and dividends are not guaranteed and can change.

The fixed loan pattern is the same across the sheets: from year 11, the loan is charged 3% and the collateral is credited 3%, so the net cost is zero while the policy stays in force. That is the loan design to plan retirement access around.

The guaranteed UL exit

Lincoln discontinued new sales of LifeGuarantee UL and LifeGuarantee SUL, its guaranteed universal life lines, with applications due by June 10, 2022; in-force policies were not affected (Lincoln FAQ). Its consumer page today lists only indexed UL for permanent coverage (Lincoln). If you own a LifeGuarantee policy, the guarantee in your contract still applies; what matters is paying the planned premium on time, because late or short payments shorten the guarantee. How GUL guarantees work.

COI history, stated once

Lincoln has been a defendant in cost of insurance litigation on older universal life blocks, with a nearly $110 million settlement approved in 2023 (class counsel, 10/4/2023, secondary source) and a $147 million settlement approved in 2025 (Legal Newsfeed, 6/17/2025, secondary source). Those cases concerned older UL, not today's IULs, and we found no 2020 to 2026 COI increase aimed at IUL at any carrier. What to do with a COI increase letter.

Underwriting and MoneyGuard

Lincoln's automated underwriting covers ages 18 to 60 with coverage of $2,500,000 or less, including IUL (Lincoln). For care costs, Lincoln's MoneyGuard is a hybrid life and long-term care policy, a different tool from an IUL's accelerated benefits: Lincoln MoneyGuard III review.

Who Lincoln fits

• IUL buyers who want published loan terms with a zero-net fixed loan after year 10.
• Estate buyers comfortable with an IUL plus no-lapse rider instead of a pure GUL.
• Care planners comparing MoneyGuard with living-benefit riders.

Own a Lincoln policy, or comparing one?

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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer

Frequently asked questions

Sources

1. AM Best: Lincoln rating affirmation (3/13/2026)
2. Lincoln WealthProtector IUL S&P 500 Traditional 1-year indexed account current growth cap (as of 2026-02-17)
3. Lincoln WealthBuilder IUL S&P 500 Traditional 1-year indexed account current growth cap (as of 2025-03-10)
4. Lincoln WealthAccelerate IUL S&P 500 Traditional indexed account current cap (as of 2024-06-10)
5. Lincoln discontinued new sales of Lincoln LifeGuarantee UL (2019) in all states; applications had to be received in good order by June 10, 2022, and Lincoln said it had no plans to resume sales (as of 2022-04)
6. Lincoln automated underwriting (no traditional UW review) is available for IUL, VUL and term with coverage of $2.5M or less, ages 18-60; lab-free for excellent health 18-60 up to $2.5M (as of 2026)
7. Barrack Rodos & Bacine: final approval of $110 million Lincoln COI settlement (10/4/2023)
8. Legal Newsfeed: $147 million Lincoln / Connecticut General COI settlement (6/17/2025)