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This document is dated February 24, 2009. 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 Patent Upheld by Jury

PHILADELPHIA, February 24, 2009 — Lincoln Financial Group (NYSE:LNC) announced that on February 13, 2009, a jury rendered a verdict in a patent infringement lawsuit in favor of The Lincoln National Life Insurance Company and against three Aegon USA companies: Transamerica Life Insurance Co., Transamerica Financial Life Insurance Co., and Western Reserve Life Assurance Co. of Ohio. The jury found Lincoln's '201 patent valid and determined that a reasonable royalty for Transamerica's infringement was $13.1 million.

The patent claims at issue in the Transamerica case relate to a computerized method for administering variable annuity products that combine guaranteed minimum payment features with systematic withdrawal programs. The patent also includes data processing methods used to administer variable annuities in the payout phase and withdrawals from mutual funds, particularly systematic withdrawals from funds.

"We are pleased that the jury found in Lincoln Financial's favor, confirming the validity of our '201 patent," said Dennis Schoff, General Counsel, Lincoln Financial Group. "We believe in our unique product solutions, our patented method for administering those product solutions and in protecting our intellectual property."

Lincoln filed its first patent for income guarantees in 1998. Guarantees are backed by the claims-paying ability of the appropriate issuing company.

About Variable Annuities
Variable annuities are long-term retirement planning vehicles that can offer tax deferral, a lifetime income and death benefits to help meet financial needs and goals. Tax deferral allows any investment gains to grow with no taxes due until withdrawal. The values will fluctuate in accordance with the performance of the investments and when withdrawn, may be worth more or less than the original cost. Withdrawals may be subject to surrender charges and to ordinary income tax along with withdrawals prior to age 59 1/2, a 10% IRS penalty may also apply.

An investor should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options before investing. The product prospectus and underlying fund prospectus contain this and other important information and should be read carefully. Investors should request a prospectus from their registered representative.

Variable annuity contracts are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, distributed by Lincoln Financial Distributors, Inc., and offered by broker dealers who have selling agreements. The Lincoln National Life Insurance Company is not authorized in, and does not solicit business in, the State of New York.

For residents of New York, variable annuity contracts are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, distributed by Lincoln Financial Distributors, Inc., and are offered by broker dealers who have selling agreements. The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York are independently responsible for their own contractual and financial obligations. Products and features are subject to state availability.

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 $178 billion as of December 31, 2008. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries; and Lincoln UK. 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:

Investor Contacts:
Jim Sjoreen
484 583-1420
E-mail: InvestorRelations@LFG.com

Media Contact:
Laurel O'Brien
484 583-1735
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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