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 6, 2021

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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.

Facts You Should Know

  • Lincoln Heritage Life Insurance rates are cheaper for men of various ages than Transamerica
  • A Transamerica life insurance policy is cheaper than Lincoln for women of various ages
  • Lincoln holds a higher rating from A.M. Best
  • Transamerica holds a higher rating from the Better Business Bureau

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. Transamerica life insurance companies today.

Our Transamerica and Lincoln Financial Group life insurance review will cover the term life insurance rates offered to men and women of various ages. Also covered will be ratings from both the BBB and A.M. Best.

Before we dive into our Lincoln vs. Transamerica 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. Transamerica: 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. Transamerica monthly term life insurance rates for men.

Lincoln vs. Others: Sample Rates for Males
CompaniesMale Age: 30 Average Monthly RatesMale Age: 40 Average Monthly RatesMale Age: 50 Average Monthly RatesMale 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
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How easy is it to find affordable Lincoln vs. Transamerica life insurance quotes? As you can see, Lincoln is nearly $1 cheaper per month than Transamerica for men in their 30s.

Men in their 40s, however, pay $5 more per month for a term life insurance policy with Transamerica.

Is Transamerica more expensive for men in their 50s and 60s as well? Yes, Transamerica is $10 and $30 more expensive per month, respectively.

In short, our Lincoln vs. Transamerica life insurance review has shown us that Lincoln offers more affordable rates to men of various than Transamerica.

Term Life Insurance Policy Specifications

Since we know that Lincoln is the cheaper company for men on average, let’s take a closer look at Lincoln’s TermAccel policy. Pay particular note to term periods and death benefits.

Lincoln Financial TermAccel
Lincoln Financial TermAccel
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
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It is very much worth being aware of your specific needs prior to choosing not only a company, but a company’s specific coverage form. No two companies offer the exact same product line.

Now that we have some more details about Lincoln’s coverage, let’s see if it can retain its lead when we analyze the rates offered to women of various ages.

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Which company offers more affordable rates to women?

Let’s now take a look at a table comparing Lincoln vs. Transamerica monthly term life insurance rates for women.

Lincoln vs. Others: Sample Rates for Females
CompaniesFemale Age: 30 Average Monthly RatesFemale Age: 40 Average Monthly RatesFemale Age: 50 Average Monthly RatesFemale 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
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Is Lincoln also cheaper for women of various ages? As you can see, women in their 30s pay nearly $4 more per month with Lincoln National. Women in their 40s pay even more with Lincoln, at $5 more per month.

How much more expensive is Lincoln for women in their 50s and 60s? For these demographics, Transamerica is $5 and $6 cheaper per month.

We now know that Transamerica is the cheaper company for women across the board. Let’s take a look at the ratings from the Better Business Bureau and A.M. Best to see if the current tie can be broken.

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Lincoln vs. Transamerica: Which company is more well-reviewed?

To wrap up, 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 by A.M. Best.

List of the Top 25 Life Insurance Companies in the U.S.
Life Insurance CompanyA.M. Best RatingNo Medical Exam Option
AIGANo
ANICOAYes
AssurityA-Yes
Banner LifeA+Yes
Cincinnati LifeANo
FidelityA-Yes
ForestersAYes
Gerber LifeAYes
John HancockA+Yes
Lincoln FinancialA+Yes
MetLife (Brighthouse)A+No
Midland NationalA+No
Minnesota LifeA+Yes
Mutual of OmahaA+Yes
NationwideA+No
North American CompanyA+No
Pacific LifeA+Yes
PrincipalA+Yes
ProtectiveA+No
PrudentialA+No
SagicorA-Yes
SBLIA+Yes
SymetraANo
TransamericaA+Yes
VOYAANo
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Lincoln received rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.

What rating did A.M. Best give to Transamerica? Transamerica received a lower rating of “A” (Excellent).

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 Transamerica fare in comparison? Transamerica received a “B” rating from the Better Business Bureau. However, Transamerica also lacks accreditation.

In conclusion, Lincoln offers more affordable rates to men of various ages and holds a higher rating from A.M. Best. However, Transamerica offers more affordable rates to women and holds a higher BBB rating.

We hope you’ve learned all you needed to decide whether to buy Lincoln vs. Transamerica life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.

Frequently Asked Questions: Lincoln vs. Transamerica Life Insurance

What follows are a couple of commonly asked questions about Transamerica and Lincoln Heritage.

#1 – What is the Lincoln Life Insurance contact number?

Lincoln can be contacted at 800-487-1485.

#2 – How do I make a Transamerica life insurance payment?

You can send your payment to PO Box 869092. Plano TX 75086-9092. You can also pay online.

#3 – What is the Transamerica Life Insurance number?

Transamerica’s customer service number is 1-888-345-0234.