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This document is dated April 9, 2012. 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 Launches Universal Life Insurance Product for Employer Benefit Packages
Lincoln Employee ValueSM Universal Life combines Lincoln's expertise in employee-paid benefits with its market leadership in individual universal life.

Radnor, PA, April 9, 2012 — Lincoln Financial Group (NYSE:LNC) today introduced Lincoln Employee ValueSM Universal Life (UL), issued by The Lincoln National Life Insurance Company, Fort Wayne, IN. Lincoln Employee ValueSM UL enables employers to enrich their benefit packages with an employee-paid life insurance option offering the protection of guaranteed lifetime coverage with one of the industry's highest death benefits per premium dollar paid.

With Lincoln Employee ValueSM UL, employees can select up to $300,000 in benefit amounts. The policies are individually issued, and as long as sufficient premium is paid, the coverage is guaranteed for life even if the employee retires or changes jobs. The premium amount that guarantees the policy for life can never be raised.

"Group Protection is one of Lincoln's key growth engines, and we continue to build a deep, integrated and affordable portfolio of employee-paid benefit products that help employers attract and retain talent, while balancing the rising costs of benefits," said Rob Grubka, President, Group Protection, Lincoln Financial Group. "With our latest addition to the portfolio, Lincoln Employee ValueSM UL, Lincoln has leveraged its market leading position in the individual UL space to bring a permanent life insurance option to the Group market that will not lapse as long as premiums are paid, or increase in cost. Whether selected as a standalone option or as a compliment to existing term coverage, we believe the product offers employees tremendous opportunity to help secure their future."

The Lincoln Employee ValueSM UL is offered with the following riders to help employees customize their coverage to meet their future plans:

  • Lincoln Automatic Assurance Rider — allows death benefit to increase annually for the first five years of policy ownership
  • Accidental Death Benefit Rider — pays a specified benefit amount in the event of an insured's accidental death
  • Accelerated Benefits Rider — pays up to 75 percent of the death benefit if an insured becomes terminally ill with a life expectancy of 12 months or less
  • Children's Term Rider — provides level term coverage for each child of the insured, from age zero to 26
  • Disability Waiver of Monthly Deductions Benefit Rider — waives monthly deductions after a six month waiting period if the insured becomes disabled under the terms of the rider

Lincoln Employee ValueSM UL is backed by Lincoln's personalized, consultative support, designed to make enrollment and administration as easy as possible for the employer and employee. Lincoln offers support services from pre-enrollment through enrollment and implementation to claims management.

Lincoln Employee ValueSM UL is now available in most states through Lincoln's network of independent benefit brokers.

Disclosure Lincoln Employee Value UL is issued on policy form ULPD 5048 by The Lincoln National Life Insurance Company, Fort Wayne, Ind. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Guarantees and contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company.

Products and features are subject to state availability. Limitations and exclusions may apply.

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 $160 billion as of December 31, 2011. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) 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.

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For more information:

Media Contacts:
Jay Russo
860-466-1324
E-mail: MediaRelations@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.



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