Lincoln Financial Group Enhances Lincoln LifeReserve® Indexed UL Accumulator

 Lincoln Financial Group Enhances Lincoln LifeReserve® Indexed UL Accumulator

Lincoln LifeReserve® IUL Accumulator now available with fixed loan option and
Lincoln LifeEnhance? Accelerated Benefits Rider

PR Newswire

RADNOR, Pa., Nov. 26, 2012

RADNOR, Pa., Nov. 26, 2012 /PRNewswire/ --Lincoln Financial Group (NYSE:LNC)
today announced enhancements to Lincoln LifeReserve® Indexed UL (IUL)
Accumulator, a life insurance product issued by The Lincoln National Life
Insurance Company. The product is designed to provide the protection of life
insurance with the opportunity to build cash value that can be used as income.

Enhancements to Lincoln LifeReserve® IUL Accumulator include a new fixed loan
alternative, which expands clients' accumulation and distribution options to
fit varying or changing risk profiles^1. Lincoln LifeReserve® IUL Accumulator
is now also available with Lincoln's recently introduced Lincoln LifeEnhance℠
Accelerated Benefits Rider for clients concerned about unexpected permanent
chronic or terminal illness expenses^2.

"In today's economic climate, the need to accumulate assets and strengthen
income potential for life's expected and unexpected financial scenarios is as
great as ever," said Michael Burns, Senior Vice President, Insurance
Solutions, Lincoln Financial Group."At the same time, many risk-averse
consumers are seeking principal protection, which has given way to IUL
products becoming one of the industry's fastest growing segments. As this
trend unfolds, Lincoln LifeReserve® IUL Accumulator continues to gain traction
in the market. Our latest enhancements offer even greater income
predictability along with added flexibility for clients to tailor the product
to their specific needs and stage of life."

With Lincoln LifeReserve® IUL Accumulator, policy holders can take loans,
borrowing up to 100 percent of the cash surrender value at any time during the
life of the policy. The new fixed loan option offers a guaranteed interest
credited rate of 2 percent in all years and guaranteed interest charged rate
of 3 percent for the first ten years, with zero net-cost loans in policy years
11 and following. The fixed loan option complements the product's existing
"participating" loan feature in which all borrowed and unborrowed policy value
continues to earn interest while the loan balance is charged guaranteed loan
interest. Clients can take advantage of conversion options, which allow for
the greater growth potential of the participating loan during the income
phase, and the stability of the fixed loan in later years.

Lincoln LifeReserve® IUL Accumulator is the latest Lincoln product available
with the Lincoln LifeEnhance^SMAccelerated Benefits Rider (ABR). The Lincoln
LifeEnhance^SMABR is designed to provide access to tax-advantaged funds in
the event of an unexpected permanent chronic or terminal illness once the
claims criteria have been met. In cases of permanent chronic illness, clients
can access 100 percent of the gross death benefit if monthly payments are
elected. For terminal illness, policy holders can access 50 percent of the
death benefit up to a maximum of $250,000.

According to LIMRA, IUL was the biggest driver of total individual life
insurance premium growth in the second quarter of 2012 with industry sales of
IUL increasing 37 percent. Over the past year, Lincoln's IUL products have
seen sales increase by 130 percent^3.

Lincoln LifeReserve® IUL Accumulator offers death benefit protection and cash
value growth potential that is tied to the performance of the S&P 500 Index.
Since policy values are not invested directly in the market, policy holders
are protected from negative returns caused by market downturns with a
guaranteed minimum interest rate.

The latest enhancements to Lincoln LifeReserve® Indexed UL Accumulator are
immediately available to Lincoln's national network of distribution partners.

Failure to maintain to maturity.
You will need to maintain a minimum amount of cash surrender value in the
policy to keep it from lapsing. Exercising certain policy features (such as
loans, withdrawals, or skipped premiums) may reduce cash surrender values and
death benefits, may have tax implications, and may cause the policy to lapse.
If the policy does lapse, the total amount of loans due would be considered
taxable income.

Participation rate — Lincoln guarantees a 100% participation rate for the
indexed interest crediting.
Surrender and other charges, apply for nine years from the date of issue or
increase; and will vary based on age, gender and risk class. They decrease
over the nine-year period.

Definition of death benefit.

  oDeath Benefit Option 1 (level face amount)
  oDeath Benefit Option 2 (face amount plus account value)

Loans or withdrawals offset death benefits under either of these.
There is a no-lapse guarantee provision available at an additional charge.
This guarantee ensures that your policy will not lapse and your death benefit
will remain in-force for 10 years even if your policy's cash surrender value
is less than your monthly fee deductions, as long as the cumulative premium
requirement is met. It ensures that your beneficiaries will receive a minimum
death benefit of $10,000. You must maintain positive cash surrender value or
the policy may lapse. By paying only the premium required to satisfy the
no-lapse guarantee, you may forego the opportunity to build cash value.
Policy does not directly participate in investments.
Guaranteed minimum rate.
Excess interest formula.
Caps and floors on excess interest
There are currently three choices for indexed accounts and a Fixed Account.
Each indexed account calculates interest differently, based on the performance
of the S&P 500 Index.
The indexed accounts offer potential gains based on S&P 500 Index performance.
There's no direct exposure to the stock market.

Lincoln LifeReserve® Indexed UL Accumulator, is issued on policy form
UL5062/ICC12UL5062 with optional rider form number ABR-5762, and state
variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and
distributed by Lincoln Financial Distributors, Inc., a broker/dealer. Not
available in all states.

Policies sold in New York are issued on policy form UL5062N by Lincoln Life &
Annuity Company of New York, Syracuse, NY, and distributed by Lincoln
Financial Distributors, Inc., a broker/dealer.

This rider is not long-term care insurance nor is it intended to replace the
need for long-term care insurance. The benefits are supplementary to the
primary need for death benefit protection. The rider may not cover all of the
costs associated with the chronic illness of the insured. The benefits of the
rider are limited by the policy's death benefit at the time of claim,
long-term care insurance does not typically contain this limitation.

All guarantees and benefits of the insurance policy are backed by 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 make any representations or guarantees regarding the claims-paying
ability of the issuer.

"Standard & Poor's®" and "S&P 500®" are trademarks of Standard & Poor's
Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and
have been licensed for use by The Lincoln National Life Insurance Company.
Lincoln's Products are not sponsored, endorsed, sold or promoted by Standard &
Poor's and Standard & Poor's makes no representation regarding the
advisability of purchasing this Product. The S&P 500 Index is a price index
and does not reflect dividends paid on the underlying stocks. It is not
possible to invest directly in an index.

1.The fixed loan alternative is not available in NY.
2.Available only at issue for an additional cost and subject to
    qualification and restrictions.
3.LIMRA, U.S. Individual Life Insurance Sales Summary Report, Second Quarter

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 $174
billion as of September 30, 2012. 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


(Logo: )

SOURCE Lincoln Financial Group

Contact: Jay Russo, +1-860-466-1324,
Press spacebar to pause and continue. Press esc to stop.