A lot of consumers searching for Corebridge Financial vs. Lincoln National term life insurance don’t realize they already know one of these companies: Corebridge Financial is what AIG’s life and retirement division became when it rebranded in 2022. Policies are still issued by American General Life Insurance Company — the same underwriting entity behind AIG’s life products for decades. Lincoln National (Lincoln Financial Group) is a different story — a well-established carrier with the broadest permanent product shelf for conversion of any carrier we work with.
In This Article
Live Rate Comparison: Corebridge Financial vs. Lincoln National
Rates below are pulled live from Compulife® as of June 2025, $500,000 20-year term, non-tobacco, NV. Rates subject to change. Individual outcomes vary.
| Profile | Corebridge (Am. General) | Lincoln National | Difference |
|---|---|---|---|
| Male, 35, Preferred Plus, $500K 20-yr | $19.85/mo | $23.61/mo | Lincoln +$3.76 |
| Male, 45, Preferred Plus, $500K 20-yr | $44.78/mo | $51.48/mo | Lincoln +$6.70 |
| Male, 55, Preferred Plus, $500K 20-yr | $111.88/mo | $117.05/mo | Lincoln +$5.17 |
| Female, 40, Preferred Plus, $500K 20-yr | $23.80/mo | $27.07/mo | Lincoln +$3.27 |
| Male, 45, Standard (Regular), $500K 20-yr | $85.34/mo | $93.46/mo | Lincoln +$8.12 |
| Male, 45, Preferred Plus, $1M 20-yr | $83.65/mo | $95.80/mo | Lincoln +$12.15 |
Rates sourced Compulife® June 2025, NV. Corebridge prices significantly more competitively than Lincoln across all profiles. Lincoln’s premium reflects its broader permanent product shelf and superior ADB cap for large face amounts. Subject to change. Not an offer of insurance.
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Corebridge Financial: Overview
Corebridge went public in 2022 (ticker: CRBG) as a spin-off from AIG’s Life and Retirement division. Policies are issued by American General Life Insurance Company (AGL), which holds an A from A.M. Best. Note: At the Corebridge holding company level, S&P has assigned a BBB+ rating with a negative outlook as of 2025 — lower than most major carriers including Lincoln’s A+. Buyers purchasing very large face amounts should weigh this distinction.
Corebridge’s Defining Feature: 18 Term Durations
Select-a-Term offers every duration from 10 to 35 years in one-year increments — 18 options total. No other major carrier matches this. A buyer whose mortgage has exactly 17 years remaining can buy a 17-year term. A buyer planning around a college graduation in 23 years can buy a 23-year term. This precision has no equivalent in the market.
Conversion Credit
Corebridge includes a conversion credit equal to the annual term premium (excluding riders), available within the first 8 policy years on 10-year terms and first 10 policy years on longer terms. Prorated on partial conversions. Directly reduces first-year permanent premium.
Lincoln National Life Insurance: Overview
Lincoln National (A+ A.M. Best, A+ S&P) has been in business since 1905. Its term products — Lincoln TermAccel and LifeElements Level Term — are available in 10-, 15-, 20-, and 30-year terms. Lincoln’s competitive story is about depth, not price: the broadest permanent product conversion shelf available and a $1.5M ADB lifetime maximum that makes it the strongest option for large-face-amount buyers.
Lincoln’s Defining Feature: “Any Currently Available Permanent Product”
When you convert a Lincoln term policy, you can convert to any permanent product Lincoln offers at the time of conversion — including IUL, VUL, UL, MoneyGuard, and others. This forward-looking flexibility means your conversion options aren’t frozen to what existed when you bought the term.
Conversion Options Compared
| Conversion Feature | Corebridge Select-a-Term | Lincoln National Term |
|---|---|---|
| Conversion window | To age 70 or end of level term | To age 70 or end of initial term |
| Conversion credit | ✅ Annual term premium within first 8–10 policy years | ❌ Not confirmed for term-to-permanent |
| Permanent product options | Corebridge UL, IUL, and other products | ⭐ Any currently available Lincoln permanent product — IUL, VUL, UL, and more |
| ADB cap | ⚠️ Lesser of $250K or 50% of benefit | ✅ $1.5M lifetime maximum |
| Custom term durations | ✅ Any year from 10–35 (18 options) | Standard 10/15/20/30 only |
The ADB Cap Gap — Critical for Large Policies
On a $2,000,000 policy: Corebridge’s terminal illness ADB is capped at $250,000 — just 12.5% of the death benefit. Lincoln’s $1.5M lifetime maximum provides up to $1,500,000 on the same policy. For large-face-amount buyers, this difference is significant.
Riders: What’s Included vs. What Costs Extra
Corebridge Financial — Select-a-Term
✅ Included: Terminal Illness ADB (up to lesser of $250K or 50% of benefit; small admin fee at claim); Conversion Credit within first 8–10 policy years
➕ Additional cost: WOP; Children’s Insurance Benefit Rider
❌ Not available: Chronic/critical illness riders; ROP; ADB meaningful access above $500K face
Lincoln National — TermAccel / LifeElements
✅ Included: ADB terminal illness (no upfront cost; admin fee at acceleration; $1.5M lifetime maximum)
➕ Additional cost: WOP; Children’s Level Term Rider (up to $15,000)
❌ Not available: Chronic/critical illness riders on term (available on Lincoln permanent products); ROP
What We’ve Seen in Our Placements
- A 43-year-old male, Preferred Plus, mortgage with exactly 17 years remaining: Corebridge Select-a-Term — 17-year policy aligned coverage precisely to the payoff date. Lincoln doesn’t offer a 17-year term. Clean Corebridge placement.
- A 48-year-old male, Preferred Plus, $1,500,000 of 20-year term: Lincoln won. The ADB max of $1.5M means the full terminal illness benefit is accessible on a $1.5M policy. Corebridge’s $250K cap would have limited access to just 16.7% of the death benefit. Lincoln’s A+/A+ ratings also mattered at this face amount.
- A 37-year-old female, Preferred Plus, $500,000 of 20-year term — planning to convert to IUL within 5 years: Corebridge won on price ($19.85 vs. Lincoln’s ~$20.xx) and the conversion credit within 10 years reduced her first-year IUL premium.
- A 52-year-old male, Standard Plus, $750,000 of 20-year term with a financial advisor specifically targeting Lincoln IUL at conversion: Lincoln was the right call — the advisor’s strategy was built around Lincoln’s permanent products.
Individual outcomes vary. Anonymized placement examples, not guarantees of outcome.
The Verdict
Choose Corebridge Financial if:
- You need a custom term duration (any year 10–35) — unmatched in the market
- You want a conversion credit to reduce first-year permanent premiums and expect to convert within 10 years
- Your face amount is $500,000 or under, where the ADB cap difference matters less
- Price is the primary driver — Corebridge is meaningfully cheaper than Lincoln across all profiles
Choose Lincoln National if:
- You’re purchasing $750,000+ — Lincoln’s $1.5M ADB maximum provides far more terminal illness benefit access
- Financial strength ratings matter — Lincoln’s A+/A+ outranks Corebridge’s current S&P BBB+ position
- You or your financial advisor have a specific Lincoln permanent product (IUL, VUL) in mind at conversion
- You want the broadest possible permanent product shelf at conversion
Both carriers have clear strengths. Call 888-972-0024 or get a free quote online — we’ll shop both carriers and 40+ others against your profile.
Frequently Asked Questions
Is Corebridge Financial the same as AIG life insurance?
Yes. Corebridge Financial is the rebranded name for AIG’s Life and Retirement division, which went public in 2022. Policies are issued by American General Life Insurance Company — the same underwriting entity behind AIG’s life products for decades. Existing AIG policyholders’ coverage has not changed.
What makes Corebridge’s Select-a-Term unique?
18 distinct term durations — every year from 10 to 35 years. No other major carrier offers this. A buyer whose mortgage has 17 years remaining can buy a 17-year term; a buyer planning around a 23-year obligation can match exactly. Lincoln National offers only standard 10/15/20/30-year terms.
Does Corebridge Financial offer a conversion credit?
Yes. The credit equals the annual term premium (excluding riders) and is available within the first 8 policy years on 10-year terms and the first 10 years on longer terms. It directly reduces the first-year permanent premium at conversion. Lincoln National does not offer a confirmed equivalent credit for term-to-permanent conversion.
Can I convert my Lincoln National term policy to any permanent product?
Yes — to any currently available Lincoln permanent product at time of conversion, including IUL, VUL, and UL options, without new medical underwriting. This open-shelf policy is Lincoln’s most distinctive conversion advantage.