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PRESS RELEASES

This document is dated March 2, 2009. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.
   
 

Forward-Looking Statements — Cautionary Language

New Solution from Lincoln Offers an Edge in Estate Preservation

Lincoln Launches Lincoln PreservationEdgeSMSVUL

PHILADELPHIA, March 2, 2009 — Lincoln Financial Group (NYSE: LNC) today announced the introduction of its new survivorship variable universal life product, Lincoln PreservationEdgeSM SVUL. This new insurance solution offers leading-edge protection for estate preservation with an efficient approach to death benefit protection, wealth transfer, and tax-deferred growth potential.

"Lincoln PreservationEdgeSM SVUL offers a strong combination of financial protection and investment expertise specifically designed for efficient wealth transfer and estate preservation," says Michael Burns, Senior Vice President, Individual Life Product Management, Insurance Solutions. "This valuable new addition to our product set further strengthens our position in estate planning, which continues to be a very real opportunity and core focus for us, now and into the future."

"Lincoln PreservationEdgeSM SVUL is simply a cost effective, efficient policy designed for today's clients and advisors that complements Lincoln's VUL Portfolio," said Josh Durand, Assistant Vice President, Variable Life Product Development. "This product was developed in response to the requests of traditional variable universal life producers who prefer managing risks through asset allocation rather than secondary guarantees. The historic sales success and marketing appeal of these kinds of VUL products was attributable in large part to the efficiency, cost effectiveness and ease of understanding of their designs," Durand said.

Advantages of Lincoln PreservationEdgeSM SVUL include:

  • Cost-efficient protection — Death benefits for either protection-driven or premium-driven (gifting) sales.
  • Efficient wealth transfer
  • Tax-deferred growth potential
  • Overloan protection — Offers lapse protection if loans exceed accumulation value in the event of a market downturn*.

Financial protection with diverse investment options
Lincoln PreservationEdgeSM SVUL offers clients seeking death benefit protection, estate transfer solutions and tax-deferred growth potential the expertise of well-known investment managers. The Lincoln Elite Series of Funds offers more than 60 investment options, including active asset allocation of funds managed by Wilshire Associates, a leader in institutional asset allocation, and passive allocation with eight cost-efficient funds by State Street Global Advisors (SSgA), one of the world's largest institutional asset managers.

Additionally, Lincoln offers self-directed allocation via a broad line-up of funds from well-known fund managers, including AllianceBernstein, American Funds, Delaware Funds, Fidelity, Franklin Templeton, UBS, and Wellington. This expertise helps deliver a robust product with the flexibility to tailor funds in client-specific combinations of the above-listed options.

Lincoln PreservationEdgeSM SVUL is currently available from The Lincoln National Life Insurance Company or, in New York, from Lincoln Life & Annuity Company of New York for estate planning or business continuity strategies.

* There is a one-time charge when this benefit is exercised.

Important Disclosures:

With any SVUL product, there are certain fees and associated costs, including monthly cost of insurance, administrative expense and premium load charges, as well as daily charges on assets invested in the variable investment options for mortality and expense risk, and asset management fees. This policy also has surrender charges which are deducted from the account value for full surrenders within the first 10 years. Ask your financial advisor for more detailed information. Also, please discuss tax implications with your tax and legal advisors.

Guarantees are backed by the claims-paying ability of the appropriate issuing company.

Lincoln PreservationEdgeSM SVUL, a survivorship variable universal life insurance policy, is issued on policy form LN699 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, distributed by Lincoln Financial Distributors, Inc., and offered by broker/dealers with an effective selling agreement. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company.

Policies sold in New York are issued on policy form LN699 by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc. Contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.

Policy values will fluctuate and are subject to market risk and to possible loss of principal. Product and features subject to state availability. Limitations and exclusions may apply.

Lincoln variable universal life insurance is sold by prospectus. Carefully consider the investment objectives, risks, and charges and expenses of the policy and its underlying investment options. This and other important information can be found in the prospectus for the variable universal life policy and the prospectus for the underlying investment options. Prospectuses are available upon request and should be read carefully before investing or sending money. For a current prospectus, please call 800 444-2363 or go to www.LincolnFinancial.com.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Clients are advised to consult their own independent advisors about any tax, accounting, or legal statements made herein.

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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Media Contact:
Heidi St. Jean
860 466-1759
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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