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Protective Life vs Lincoln Financial: Life Insurance Comparison

An in-depth comparison to help you choose the right life insurance carrier.

At a Glance

Feature Protective Life Lincoln Financial
Financial Strength A+ (AM Best) A+ (AM Best)
Term Rates Very competitive Competitive
IUL Products Strong Excellent
Product Range Moderate Broad
Underwriting Speed Fast Moderate
No-Exam Option Yes Yes
Coverage Range $25,000 - $10,000,000 $50,000 - $10,000,000
Premium Range $15 - $500/mo $25 - $500/mo

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No medical exam required Coverage in as little as 24 hours Rates from $20/month

Protective Life Overview

AM Best Rating: A+ | Founded: 1907 | Headquarters: Birmingham, AL

Coverage: $25,000 - $10,000,000 | Premiums: $15 - $500/mo

Pros

  • Competitive term rates
  • Strong IUL products
  • Fast underwriting
  • Good policy riders

Cons

  • Less brand recognition
  • Limited agent network
  • Fewer whole life options

Best For: Those seeking competitive term or IUL policies from a well-rated carrier.

Lincoln Financial Overview

AM Best Rating: A+ | Founded: 1905 | Headquarters: Radnor, PA

Coverage: $50,000 - $10,000,000 | Premiums: $25 - $500/mo

Pros

  • Strong financial rating
  • Diverse product lineup
  • Excellent IUL options
  • Good customer service

Cons

  • Higher premiums for some products
  • Complex product structure
  • Slower underwriting

Best For: Those wanting a diversified financial services company with strong IUL products.

Our Verdict

Both are excellent A+ rated carriers. Protective Life tends to be more competitive on term pricing, while Lincoln Financial offers a broader range of permanent life insurance and IUL options.

Get Your Free Life Insurance Quote

Compare rates from top-rated life insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month