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This document is dated March 7, 2014. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.

Lincoln Financial Group Introduces Next Generation Of Long Term Care Funding Solution, Lincoln MoneyGuard® II
Life-Long-Term Care Combination Product Offers Increased Benefit and Premium Flexibility

Radnor, PA, March 11, 2014 — Lincoln Financial Group (NYSE:LNC) today announced the launch of Lincoln MoneyGuard® II, the next-generation of its hybrid life-long term care (LTC) funding solution. As advisors work with clients to help protect savings from the impact of long term care expenses, Lincoln MoneyGuard® II offers enhanced flexibility and convenience for applicants of all ages, with benefit and payment structures that can be tailored to client-specific needs.

MoneyGuard® II offers clients the option to spread premiums over multiple years. Clients can select a variety of payment patterns, from single pay to over 10 years, providing cash flow flexibility for various financial portfolios.

"Our longevity in the long-term care funding market gives Lincoln unique industry knowledge to guide the evolution of our products to further meet the needs of clients," said Michael Burns, Senior Vice President, Life Solutions, Lincoln Financial Group. "With the continued popularity of our flexible payment options, MoneyGuard® II offers several premium payment choices to help advisors prepare clients for health-related retirement expenses in different financial planning scenarios. It also offers enhanced benefits to help protect what's important in life, such as savings, loved ones and independence, from the realities of long term care expenses."

Lincoln MoneyGuard® II provides income-tax-free reimbursements for qualified long-term care expenses1, an income-tax-free death benefit2 if care is not needed, or return of premium (ROP) options, which have expanded with MoneyGuard® II. With MoneyGuard® II, clients who do not anticipate needing to exercise the ROP can enhance their long-term care benefit by opting for an 80% ROP option3 at issue. Or, clients may choose a vested option, with 100% ROP after five years4.

MoneyGuard® II also includes enhanced international benefits, and a discount for couples who are married or in a civil union or domestic partnership legally recognized by their state of residence. The couples discount is available even if both individuals do not apply.

Lincoln MoneyGuard® II provides life insurance, coupled with benefits that can be used to fund a variety of LTC services including nursing home care, home health care, assisted living and adult day care. Policyholders also have access to Lincoln Concierge Care Coordination, a suite of tools to help clients choose between the many available formal and informal care options, and coordinate the appropriate care. MoneyGuard® II has no elimination or deductible period, which can help reduce total out-of-pocket costs for qualified long-term care expenses. For additional information about the product, visit the Lincoln Financial Group website.

About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $207 billion as of December 31, 2013. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

Lincoln MoneyGuard® II is a universal life insurance policy with a Long-Term Care Acceleration of Benefits Rider (LABR) that accelerates the specified amount of death benefit to pay for covered long-term care expenses. Long-Term Care Extension of Benefits Rider (LEBR) is available to continue long-term care benefit payments after the entire specified amount of death benefit has been paid. The return of premium options are offered through the Value Protection Rider (VPR) available at issue; Base option (1) is included in the policy cost; Graded option (2) is available at an additional cost. Any additional surrender benefit provided will be adjusted by any loans/loan interest/ loan repayments, withdrawals taken, and claim payments made, and may have tax implications. The cost of riders will be deducted monthly from the policy cash value. The insurance policy and riders have limitations, exclusions, and/or reductions. Additionally, long-term care benefit riders may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the owner. Benefits provided are subject to medical underwriting.

Issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, on Policy Form LN880/ICC13LN880 with the following riders: Value Protection Rider (VPR) on form LR880/ICC13LR880; Long-Term Care Acceleration of Benefits Rider (LABR) on form LR881/ICC13LR881; optional Long-Term Care Extension of Benefits Rider (LEBR) on form LR882/ICC13LR882.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims paying ability of the issuer.

For use in states where this product is available under the Interstate Insurance Product Regulation Commission (IIPRC). Product not available in New York.

1Long-term care reimbursements are generally income tax-free under IRC Section 104(a)(3). The benefit is subject to annual and monthly maximums and is available for a specific number of years based on the optional riders purchased (up to 7 years).

2Beneficiaries may receive an income tax-free death benefit under IRC Section 101(a)(1).

3A return of 80% of paid premiums is available once all planned premiums are paid. The money returned will be adjusted for any loans, withdrawals and benefits paid, and will have tax implications. Rider contains complete terms and conditions. If surrendered before the planned premiums are paid, the surrender value will be paid.

4100% return of premium is available after year 5 provided all planned premiums are paid; additional cost applies. The money returned will be adjusted for any loans, withdrawals and benefits paid, and will have tax implications. Prior to year 5, provided all planned premiums are paid, the ROP is subject to a vesting schedule, beginning at 80% in year 1, increasing to 100% in year 6. Rider contains complete terms and conditions. If surrendered before the planned premiums are paid, the surrender value will be paid.



For more information:

Media Contacts:
Jay Russo
E-mail: Jay.Russo@LFG.com


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Hello future.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.