Corebridge Financial vs. Lincoln National: Term Life Insurance Compared

Many people searching for Corebridge Financial vs. Lincoln National term life insurance do not realize they already know one of these names: Corebridge Financial is the former AIG Life & Retirement business, and its term policies are issued by American General Life Insurance Company, which is how Compulife lists it. In our October 2026 Compulife check, American General Life (Corebridge) was cheaper than Lincoln National in all five profiles we ran, by $1.58 to $7.04 a month, with Lincoln costing roughly 3% to 14% more. The product differences are just as practical: Corebridge’s Select-a-Term offers 18 term lengths (10 years, every year from 15 through 30, and 35 years), while Lincoln’s term products come in 10, 15, 20, and 30 years. Lincoln’s published guides describe broad access to its single-life permanent plans in the first seven policy years of the conversion period, and the terminal illness triggers in each carrier’s documents differ.

Live Rate Comparison: Corebridge Financial vs. Lincoln National

Rates below come from Compulife® as of October 2026 for a $500,000 20-year term policy, non-tobacco, Nevada. Corebridge is shown as American General Life Insurance Company, the name Compulife uses. Rates are subject to change and depend on full underwriting. Individual outcomes vary.

Profile	Corebridge (American General Life)	Lincoln National Life	Difference
Male, 30, Preferred Plus, $500K 20-yr	$18.16/mo	$19.74/mo	$1.58 (Corebridge cheaper)
Female, 40, Preferred Plus, $500K 20-yr	$23.80/mo	$26.76/mo	$2.96 (Corebridge cheaper)
Male, 45, Preferred Plus, $500K 20-yr	$44.78/mo	$50.88/mo	$6.10 (Corebridge cheaper)
Male, 45, Standard (Regular), $500K 20-yr	$85.34/mo	$92.38/mo	$7.04 (Corebridge cheaper)
Male, 55, Preferred Plus, $500K 20-yr	$111.88/mo	$115.69/mo	$3.81 (Corebridge cheaper)

Rates sourced from Compulife® October 2026, NV, non-tobacco. A.M. Best ratings shown by Compulife: American General Life A, Lincoln National Life A. Rates subject to change. Not an offer of insurance.

Key takeaway: Corebridge was cheaper in every profile we checked. The gap ranged from $1.58 a month (male, 30, about $379 over 20 years) to $7.04 a month (male, 45, Standard, about $1,690 over 20 years). In percentage terms Lincoln’s quotes were about 3% to 14% higher, with the narrowest gap at age 55 Preferred Plus ($3.81 a month, about $914 over 20 years). A lower premium is a reason to start with Corebridge, but conversion plans and the details below can still point to Lincoln.

Which products are these quotes for? Compulife returns one price per carrier and does not name the product, so we cannot tell which product sits behind either figure. Select-a-Term is the American General term product we reviewed. For Lincoln, both TermAccel Level Term and LifeElements Level Term can be issued at $500,000, so confirm the product when you request a quote.

Corebridge Financial: Overview

Corebridge Financial (NYSE: CRBG) was formerly AIG’s Life & Retirement business and now operates as its own publicly traded company. Its term policies are issued by American General Life Insurance Company (in New York, product documents point to an affiliate, The United States Life Insurance Company in the City of New York). Compulife shows American General Life with an A.M. Best rating of A, and you can check the current rating at ambest.com.

Select-a-Term: 18 Term Lengths

Select-a-Term is the product most buyers mean when they say Corebridge term. Carrier documents list 18 level-premium periods: 10 years, every year from 15 through 30, and 35 years. That means a 17-year or 23-year term is available, but terms such as 12 or 32 years are not. Issue ages start at 20, and the maximum issue age falls as the term lengthens: the carrier’s published chart shows maximums from 80 on the 10-year term down to 45 on the 35-year term, with lower maximums for some rate classes. The minimum face amount is $100,000.

Underwriting Path

A carrier-facing product summary describes a fluidless path called Agile Underwriting+ that can produce an instant decision for eligible applicants, with a $1 million ceiling for that path. Eligibility depends on age, face amount, and health, and applicants who do not qualify follow standard underwriting, so treat it as a possibility rather than a promise.

Conversion Credit: Confirm Before Relying on It

One distributor summary describes a conversion credit equal to one year’s term premium (excluding riders) on a full conversion, with a prorated credit on a partial conversion. The two carrier product documents we reviewed do not mention a credit, so we are not treating it as confirmed. If a credit matters to your plan, ask Corebridge for the current written terms.

Lincoln National Life Insurance: Overview

Lincoln National Life Insurance Company (Lincoln Financial Group) is shown by Compulife with an A.M. Best rating of A. Its term line includes two products, both in 10-, 15-, 20-, and 30-year terms:

• Lincoln TermAccel Level Term accepts issue ages 18 to 60 on the 10-, 15-, and 20-year terms and 18 to 55 non-tobacco (18 to 50 tobacco) on the 30-year term, with face amounts from $100,000 to $2,500,000 per Lincoln’s product page. Lincoln describes it as an electronic application with no attending physician statement required, and a real-time offer may be available for qualifying clients. Older Lincoln product guides describe it as fully underwritten, so treat the speed as case-dependent.
• Lincoln LifeElements Level Term has a $250,000 minimum face amount and issue ages that run higher on shorter terms: up to 80 on the 10-year term, 75 on the 15-year, 70 on the 20-year, and 55 on the 30-year (non-tobacco), per Lincoln’s materials.

Lincoln’s Conversion Privilege

Lincoln’s product guides allow conversion before the end of the level premium period or before attained age 70, whichever comes first. The guides describe access to a wide set of Lincoln single-life permanent plans during the first seven policy years of the conversion period, with exclusions (for example plans with surrender charges or long-term care riders), and a more limited, company-designated set afterward. The guides we reviewed date from 2018 to 2019, so confirm the current product list with Lincoln. They do not describe a conversion credit.

Conversion Options Compared

Feature	Corebridge Select-a-Term	Lincoln National Term
Conversion window	Earlier of the end of the level period or age 70	Earlier of the end of the level period or age 70
Broad product access	Universal life through month 96 (10-year terms) or month 120 (longer terms); after that, a narrower set of products named in carrier documents	Broad single-life permanent access in policy years 1 to 7, then a more limited set (per 2018 to 2019 guides)
Conversion credit	One distributor summary says yes; not found in carrier documents we reviewed	None described in Lincoln’s guides
Term lengths	18: 10, every year 15 to 30, and 35	10, 15, 20, 30
Minimum issue age	20	18
Minimum face amount	$100,000	$100,000 (TermAccel); $250,000 (LifeElements)
Terminal illness trigger	12 months or fewer in some carrier documents, 24 months or fewer in others (varies by version and state)	Life expectancy under six months (2018 to 2019 guides)
Terminal illness amount	Up to 50% of the death benefit, with a dollar cap (shown as $250,000 in carrier summaries)	Up to 50%, capped at $250,000 per insured across Lincoln policies (2018 to 2019 guides)

The terminal illness figures come from carrier guides of different ages, and benefit caps and triggers change over time and by state, so ask each carrier for the current rider specification before you rely on them.

Riders: What’s Included vs. What Costs Extra

Using an accelerated benefit reduces the death benefit by more than the amount paid out, so the cost of these riders shows up when you use them rather than in the premium.

Placement Patterns We See

• A buyer with an obligation that ends in an off-cycle year, such as a mortgage with 17 years left. Select-a-Term can match that length. Lincoln’s closest options are 15 or 20 years, which means either a gap or years of coverage you may not need.
• A buyer working with a financial advisor who plans to convert to a specific Lincoln permanent policy. Keeping the term and the permanent policy with the same carrier is the reason to accept Lincoln’s higher premium, as long as the conversion product is available when the time comes.
• A buyer focused on the lowest premium with no firm conversion plans. In our October 2026 check, Corebridge was lower in every profile, from $1.58 a month for a 30-year-old man to $7.04 a month for a 45-year-old man in the Standard class.
• A buyer who cares about the terminal illness trigger. Corebridge’s documents show a 12- to 24-month trigger and Lincoln’s older guides show under six months. If this matters to you, ask both carriers for the current rider wording.

These are illustrative, anonymized patterns, not descriptions of specific clients or guarantees of outcome. Individual outcomes vary.

The Verdict

Choose Corebridge Financial if:

• You want a term length that matches a specific obligation, such as 17 or 23 years
• Price is a priority, since Corebridge was cheaper in every profile we checked
• You would like a possible fluidless route through Agile Underwriting+ and may qualify
• You plan to convert and are comfortable confirming the credit and product list with Corebridge in writing

Choose Lincoln National if:

• You or your advisor have a specific Lincoln permanent product in mind at conversion
• You want the TermAccel path with face amounts up to $2,500,000 on a single carrier’s term product
• You are happy with 10-, 15-, 20-, or 30-year terms and the higher premium in our check

Because the right answer depends on your age, health class, coverage amount, and conversion plans, see our guide on why an independent broker beats going direct, and use our life insurance needs calculator if you are not sure how much coverage to buy.

Frequently Asked Questions

Is Corebridge Financial the same as AIG life insurance?

Corebridge Financial was formerly AIG’s Life & Retirement business and is now a separate publicly traded company. Its term policies are issued by American General Life Insurance Company, which is the name Compulife uses for the carrier. If you hold an older AIG or American General policy, check your own policy documents or ask the carrier about its current status.

Is Corebridge or Lincoln National cheaper for term insurance?

Corebridge (American General Life) was cheaper in all five profiles in our October 2026 Compulife check for $500,000 of 20-year term. For a 45-year-old male in Preferred Plus it was $44.78 a month versus $50.88 for Lincoln ($6.10 a month, about $1,464 over 20 years), and at age 55 the gap was $3.81 a month ($111.88 vs. $115.69). Compare both at your own age and health class.

Can I get a 17-year or 23-year term from Corebridge?

Yes. Corebridge’s Select-a-Term lists 18 term lengths: 10 years, every year from 15 through 30, and 35 years. That includes 17 and 23 years, though not lengths such as 12 or 32. The maximum issue age falls as the term lengthens, so a longer term may not be available at older ages. Lincoln’s term products are offered in 10, 15, 20, and 30 years.

Does Corebridge Financial offer a conversion credit?

One distributor summary describes a credit equal to one year’s term premium on conversion within the first 8 or 10 policy years, but the two carrier product documents we reviewed do not mention one. Treat it as unconfirmed and ask Corebridge for the current written terms. Lincoln’s product guides do not describe a conversion credit.

What can I convert a Lincoln National term policy into?

Lincoln’s product guides allow conversion to a Lincoln permanent policy before the level period ends or the insured reaches age 70, whichever comes first, without new medical underwriting. The guides describe access to a wide range of single-life permanent plans in the first seven policy years, with exclusions such as plans carrying long-term care riders, and a more limited set afterward. Confirm the current product list with Lincoln before relying on a specific plan.

Authoritative Resources

• NAIC — Life Insurance Consumer Information
• A.M. Best — Insurer Financial Strength Ratings