National Life Group vs Lincoln Financial (The Lincoln National Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | National Life Group | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1848 | 1905 |
| Headquarters | Montpelier, Vermont | Radnor, Pennsylvania |
| Assets Under Management | $45 billion | $321 billion in end-of-period account balances |
| Years in IUL Business | 20+ years | 20+ years |
| Number of IUL Products | 3 | 6 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 9.50% - 10.50% |
| Participation Rates | Competitive market rates | 105% |
| Minimum Premium | $50,000 (FlexLife) | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |