Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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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...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Aug 17, 2021

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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.

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Facts You Should Know

  • Lincoln has lower rates than Liberty Mutual
  • Liberty Mutual and Lincoln offer term life and whole life options
  • Liberty Mutual and Lincoln have been rated the same by A.M. Best

Liberty Mutual and Lincoln offer term life and whole life coverage, though Lincoln focuses on burial insurance. Lincoln has lower rates than Liberty Mutual, and the companies are rated the same by A.M. Best. Comparing Liberty Mutual vs. Lincoln will allow you to determine the best option.

Before starting this Liberty Mutual vs. Lincoln comparison, enter your ZIP code to find free life insurance rates in your area.

Liberty Mutual vs. Lincoln: What are their monthly rates?

Comparing affordable Liberty Mutual vs. Lincoln life insurance rates will allow you to determine the most cost-effective choice. The following charts show the Liberty Mutual and Lincoln rates for a 20-year term at $250,000 based on gender and age.

Liberty Mutual vs. Lincoln: 20-Year Term $250,000 Policy Monthly Rates by Age for Males
AgeLiberty Mutual Average Monthly RatesLincoln Average Monthly Rates
30$33.75$12.34
40$55.13$15.22
50$144.68$30.96
60$399.83$71.95
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The following chart shows the same information for females.

Liberty Mutual vs. Lincoln: 20-Year Term $250,000 Policy Monthly Rates by Age for Females
AgeLiberty Mutual Average Monthly RatesLincoln Average Monthly Rates
30$25.20$16.10
40$42.53$21.22
50$107.78$37.41
60$250.65$74.81
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As you can see, Lincoln has lower rates than Liberty Mutual, and rates are lower for females than for males.

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Liberty Mutual vs. Lincoln: What policies are offered?

Looking at Liberty Mutual vs. Lincoln life insurance company policies will help you determine the best option. Both companies offer term life and whole life coverage, but Lincoln primarily focuses on final expense insurance.

Liberty Mutual offers term life insurance in 10, 15, 20, and 30-year terms. Passport Term is a fully-underwritten term life plan, meaning that customers must complete a medical exam for acceptance. Eligibility ranges from 18 to 70 years of age, and the minimum benefit is $15,000.

The Simplified Issue Passport Term plan requires no medical exam, and approval can be as quick as 10 minutes. This plan is available for customers between 18 and 65 years old, and the maximum benefit is $250,000.

Similar to the company’s term life plans, Liberty Mutual offers two whole life insurance options. Neither policy requires a medical exam unless the benefit is above $250,000.

The simplified issue plan has a maximum of $250,000, and the single-payment option allows for a higher death benefit.

Lincoln offers term life insurance in 10 to 30-year terms. The company also provides accidental death and dismemberment coverage up to $100,000. Applicants desiring these policies are required to complete a one-page health questionnaire.

The main product offered by Lincoln is the Funeral Advantage plan. This whole life product helps with final expenses, such as funerals and burials. Coverage is available up to $20,000, and it doesn’t require a medical exam.

Liberty Mutual vs. Lincoln: What riders are available?

Life insurance companies offer options that customers can add to a policy. These options are known as riders and usually require an additional fee, increasing your Liberty Mutual or Lincoln life insurance quotes.

Optional riders offered by Liberty Mutual include:

  • Accidental death and dismemberment
  • Child protection
  • Disability waiver
  • Guaranteed insurability
  • Payor death and disability

Optional riders offered by Lincoln include:

  • Accidental death and dismemberment
  • Child rider
  • Dental, vision, and pharmacy discount
  • Identity theft protection
  • Medical bill reduction
  • Health care system assistance
  • Auto expense protection

Lincoln offers more riders than Liberty Mutual, providing more ways to customize a life insurance policy.

Liberty Mutual vs. Lincoln: What are their financial ratings?

Credit rating agencies review and rate life insurance companies based on financial strength. These financial ratings determine the likelihood that a company will provide a payout when customers file a claim. Trusted agencies have completed Liberty Mutual and Lincoln life Insurance reviews.

Liberty Mutual has been rated an A by A.M. Best, an A2 by Moody’s, and an A by S&P. These are solid ratings and indicate that the company will usually provide a payout when customers file Liberty Mutual claims.

Lincoln has been rated an A by A.M. Best, but hasn’t been rated by Moody’s or S&P. The rating provided by A.M. Best shows that Lincoln will usually provide a payout when you file a claim.

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Liberty Mutual vs. Lincoln: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) examine complaints made about insurance companies. The organizations have reviewed Liberty Mutual and Lincoln.

At the time of this comparison, the BBB has received 1,056 complaints about Liberty Mutual Insurance during the past three years. According to the NAIC, Liberty Mutual’s complaint index ratio is 2.20, indicating more than double the complaints of a similarly-sized competitor.

The BBB has received 48 complaints about Lincoln over the past three years. Lincoln’s NAIC complaint index ratio is 1.40, indicating more complaints than similarly-sized companies.

These numbers show that Lincoln has greater customer satisfaction than Liberty Mutual.

Liberty Mutual vs. Lincoln: Company Background

Liberty Mutual was founded in 1912 and offers a wide range of insurance, including life insurance, disability insurance, and car insurance. Today, the company is one of the largest insurers in the United States, ranking 75th in the Forbes 500 list.

The Lincoln Heritage Life Insurance Company was founded in 1963 to expedite the final expense claims process. Today, Lincoln continues to focus on final expense insurance and is one of the largest final expense providers in the United States.

Liberty Mutual vs. Lincoln: The Bottom Line

Customers looking to buy Liberty Mutual or Lincoln life insurance might wonder which company is better. While they offer similar policies, Lincoln has lower rates and fewer complaints. Comparing Liberty Mutual vs. Lincoln will help you determine which option best fits your needs.

Now that you’ve compared Liberty Mutual vs. Lincoln, enter your ZIP code to get free life insurance quotes in your area.