tV•• Universal Life Insurance••••p with Long-Term Care Benefit

nLincolnFinancial Group@

lCN0805~2016784

Client Overview

Not a deposit

Not FDIC-insured

Not insured by any federalgovernment agency

Not guaranteed by anybank or savings association

May go down in value

@2009 lincoln National Corporation

www.lincolnFinancial.com

lincoln Financial Group is themarketing name for lincoln NationalCorporation and its affiliates.

Affiliates are separatelyresponsible for their own financialand contractual obligations.

lCN0805.2016784lIF.MG.08.0280MG.BRCOOU04RP 4/09 Z04Order code: MG-BRCOOl

nLincolnFinancial Group"

Hello future~

A tradition of integrityAt Lincoln Financial Group, we have a 1DO-yearheritage of helpingpeople find solutions to their financial challenges-with the same honesty,integrity, and responsibility that you'd expect from our namesake. It's alegacy that we proudly and respectfully continue each day. We believe ourcontinued commitment to strength and stability is indispensable to whowe are and critical to your confidence in us. We are a leader in identifyingand delivering sophisticated financial strategies and product solutions forthe creation, protection, and enjoyment of wealth. We are committedto helping clients redefine their retirement because we don't believeretirement is an end-it's an opportunity for everyone to start doingwhat they were meant for all along.

Important disclosures. Please read.Lincoln MoneyGuard'" Reserve is a universal life insurance policy with a rider that accelerates the specified amountof death benefit to pay for covered long.term care expenses. An Extension of Benefits Rider (EOBR) is available tocontinue long-term care benefit payments after the entire specified amount of death benefit has been paid. The moneyback guarantee is provided by the Return of Premium Rider (ROPR), which may be included at issue on single premiumand certain flexible premium policies. The amount of premium returned is adjusted for any benefits paid, any loans orwithdrawals taken, and it may have tax implications. The cost of riders will be deducted from the policy account value.Guarantees are backed by the claims-paying ability of the issuer and are subject to policy terms andconditions. The insurance policy and riders have limitations, exclusions, and/or reductions.

Lincoln MoneyGuard~ Reserve is issued by The lincoln National Life Insurance Company, Fort Wayne, IN, on PolicyForm lN850 (8/05) with a Convalescent Care Benefits Rider on Rider Form lR851 (8/05), an Extension of Benefits Rider(EOBR) on Rider Form lR852 (8/05), and a Return of Premium Rider on Rider Form lR850 (10107) or lR850F (10/07).The lincoln National life Insurance Company is not authorized, nor does it solicit business in the stateof New York. Contractual obligations are backed by the claims-paying ability of The lincoln NationalLife Insurance Company.

Policies sold in New York are issued by lincoln life & Annuity Company of New York, Syracuse, NY, on Policy FormLN850 (8/05) with a Convalescent Care Benefits Rider on Rider (CCBR) Form lR851 (8/05), an Extension of BenefitsRider on Rider Form lR852 (8/05), and a Return of Premium Rider on Rider (ROPR) Form LR850 (10/07). Contractualobligations are backed by the claims-paying ability of lincoln life & Annuity Company of New York.

Products and features, including benefits, exclusions, limitations, terms, and definitions, may vary by state.

This material was prepared to support the promotion and marketing of a universallife insurance product. Lincoln Financial Group. affiliates, their distributors, andtheir respective employees, representatives, and/or insurance agents do not providetax, accounting, or legal advice. Any tax statements contained herein were notintended or written to be used, and cannot be used for the purpose of avoiding U.S.federal, state, or local tax penalties. Pleaseconsult your own independent advisoras to any tax, accounting, or legal statements made herein.

• Nursing home, private room: $205 per day, or $74,825 per year'

• Nursing home, semiprivate room: $181 per day, or $66,065 per year.'

, Costs as of 2007. U.S. Department of Health and Human Services-National Clearinghouse for LTCInformation, www.1ongtermcare.gov, March 26, 2008.

70%

The national average costs of long-term care are:

Whether it's temporary or permanent, it could impact ourfuture and our retirement income security.

In fact, 70% of individuals age 65 or older will needsome type of long-term care.'

Well into retirement, we're traveling, mountain climbing,skydiving, or just running to keep up with the grandkids.

Americans are living longer-and larger-thanever before.

Could long-term care shortcircuit your retirementincome security?

• Home health aide: $25 per hour.'

Preparing for the potential need for long-term care makes sense,especially if you can help protect your existing assets at the same time.Your loved ones may also appreciate your preparations.

Not a depositNot FDIC-insured

Not insured by any federalgovernment agencyNot guaranteed by anybank or savings associationMay go down in value

Lincoln MoneyGuard" Reserve is auniversal life insurance policy withlong-term care benefits offeredby The Lincoln National LifeInsurance Company (or in NewYork by Lincoln Life & AnnuityCompany of New York).

Lincoln MoneyGuard Reserveprovidesguaranteed benefits you can tapinto to reimburse qualified long-termcare costs, helping to protect assetsyou've set aside for retirement. Itoffers a simple solution that makessense for today and for tomorrow.Guarantees are backed by the claims-paying ability of the issuing company

Two separate companies issue LincolnMoneyGuard Reserveuniversal lifeinsurance policies. New York policiesare issued by Lincoln Life & AnnuityCompany of New York, Syracuse,NY. For all other states, policies areissued by The Lincoln National LifeInsurance Company, Fort Wayne,IN. These companies are separatelyresponsible for satisfying their ownfinancial and contractual obligations.

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One simple approachChances are much of your retirement income will be based upon the

assets you've accumulated during your working years. Your portfolio

may include qualified plans; investments for growth and income; life

insurance to efficiently provide for your beneficiaries; and cash reserved

for various emergencies, including long-term care.

Lincoln MoneyGuard" Reserve may help free some of those reserves to

seek additional growth, while helping you prepare for the need for long-

term care at the same time.

Here's how Lincoln MoneyGuard~ Reserve helps.

Provides a money backguarantee through theReturn of Premium Rider onsingle premium and certainflexible premium universallife policies. Your premiumpayment can be returnedto you, minus any loans,withdrawals, or benefits paid,

and is subject to the terms ofthe Return of Premium Rider.

If you changeyour mind

If you never needlong-term care

Provides an income tax-free death benefit to your

beneficiaries. Any portionof the guaranteed deathbenefit not used for long-term care benefits will

pass to your beneficiariesincome tax-free and willnot be subject to probateif someone other than yourestate is named beneficiary.Any money borrowed orwithdrawn from the policy

will reduce the death benefit.

By simply repositioning the cash reserves designated for

long-term care into a Lincoln MoneyGuard Reserve policy,

you immediately help increase the protection for the rest of

your portfolio.

If you needlong-term care

In many cases, LincolnMoneyGuard Reserve canprovide you with up tofive times the dollars toreimburse long-term carecosts-and they're intended

to be income tax-free. Yourspecified amount of deathbenefit is used to reimbursefong-term care costs upto the monthly maximumbenefit as specified inyour policy. Should youneed care for an extendedperiod, an optional rider

can provide coverage for aspecified number of yearsbeyond the depletion ofyour death benefit. The costfor riders is deducted fromthe policy's account value.

Long-term care reimbursementsare generally income tax-freeunder IRe Section 104(a)(3).

Beneficiaries can receive anincome tax-free death benefitunder IReSection 101(a)(1).Estate and local taxes may apply.Please consult a tax attorney ortax advisor for more information,

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Lincoln MoneyGuard@Reserve: It can helpyou protect yourretirement income.These hypothetical examples show how Lincoln MoneyGuardReservemay help pay for long-term care costs, while helping toprotect your retirement income.

Naturally, if your health status, age, or gender are different fromthese examples, your actual benefit amounts may be differentas well. (In Montana, gender will not affect rates or benefits.)

< Nancy, a healthy 65-year-old nonsmoker, is enjoyingretirement. She set aside $300,000 in the cash portion ofher $1 million retirement portfolio in case she should everneed long-term care.

After talking with her advisor, Nancy moved $100,000into a single premium Lincoln MoneyGuard Reservepolicywith the two-year Convalescent Care Benefits Rider andthe four-year Extension of Benefits Rider, and freed up theremaining $200,000 to seek further growth.

Now, Nancy's prepared for three possibilities, all of whichare guaranteed.'

If Nancy needslong-term care

• Nancy will get up to $83,208every year ($6,934 per month)for six years to reimbursequalified long-term care costs.

• The total reimbursement couldbe up to $499,221, incometax-free-nearly 500% of heroriginal premium.

If she doesn't needlong-term care

• If Nancy never needs long-termcare, her beneficiaries will receivea $166,407 income tax-freedeath benefit.

• If Nancy uses some of herLincoln MoneyGuard Reservedeath benefit for long-termcare, the remaining portion,minus any loans or withdrawals,will pass income tax-free to herbeneficiaries.

If she changes her mind

• At any time, Nancy can request.in writing, the return of hersingle premium payment - noquestions asked.

• The amount received will beadjusted for any benefits paid,any loans and withdrawals, andmay have tax implications.

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

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Jeffrey, age 70, and Anne, age 60, are in good )health, active, and financially secure thanks toJeffrey's retirement income. Jeffrey wants to helpmake sure that, should he need long-term care or passaway, he can give Anne an opportunity to protect herretirement income.

After talking with his financial advisor, Jeffrey decidedto move $113,438.90 into a single premium paymentLincoln MoneyGuard. Reservepolicy with the two-yearConvalescent Care Benefits Rider and the four-yearExtension of Benefits Rider. (A similar type of policy canalso be put in place for Anne.) Here's how it could helpJeffrey and Anne:

If Jeffrey needslong-term care

• Jeffrey will get up to $67,344every year ($5,612 per month) forsix years to reimburse qualifiedlong-term care costs.

• The total reimbursement couldbe up to $404,064, incometax-free.

If he doesn't needlong-term care

• Anne would receive a $134,688income tax-free death benefit. IfJeffrey uses only a portion of thedeath benefit for long-term care,the remaining portion will pass toAnne income tax-free, minus anyloans or withdrawals.

If he changes his mind

• He simply needs to request areturn of his original premiumin writing. The money returnedwill be adjusted for any loans,withdrawals, or benefits paid,and may have tax implications.

s

Lincoln MoneyGuard@Reserve: It can help youleverage your assets.This hypothetical example shows how Lincoln MoneyGuard

Reservemay help pay for long-term care costs, while helping

to leverage your retirement assets.

Naturally, if your health status, age, or gender are different

from these examples, your actual benefit amounts may be

different as well. (In Montana, gender will not affect rates

or benefits.)

( During a long career as a symphony conductor,62-year-old Gloria has been able to accumulatea retirement portfolio of $7 million. As a healthynonsmoker, she wants to maintain her good lifestylethroughout retirement. She would also like to leavemoney to her beneficiaries and establish a scholarshipprogram for students who want to pursue a career inthe performing arts.

After talking with her advisor about her long-termcare and life insurance needs, Gloria decided tomove $250,000 as a single premium payment into aLincoln MoneyGuard Reservepolicy with the two-yearConvalescent Care Benefits Rider and the four-yearExtension of Benefits Rider.

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If Gloria needs long-term care

• Gloria will get up to $226,080every year ($18,840 per month)for six years to reimbursequalified long-term care costs.

• The total reimbursement couldbe up to $1,356.495, incometax-free .

• She still has money in herportfolio to leave to herbeneficiaries or to fund thescholarship program.

If she doesn't needlong-term care

• In addition to money remainingin Gloria's own portfolio, thescholarship fund could receive the$452,165 death benefit, minusany loans or withdrawals .

If she changes her mind,,

• Gloria would receive her original$250,000 single-premiumpayment, minus any loans,withdrawals, or benefits paid.This may have tax implications.

Is Lincoln MoneyGuard@Reserve right for you?It makes sense to seek to protect your retirement assets from anunexpected expense, such as the need for long-term care.

How much of your retirement income would you like to protectfrom the risk of long-term care expenses?

How many years would you like to have long-term carereimbursements available to you? _

Do you have cash reserves set aside for long-term care? DYes DNo

What percentage of those reserves would you like to leverage to giveyou more money for long-term care costs should you need them?

%

Note that we are soliciting the saleof a life insuranceproduct and a licensedinsurance agent will contact you.

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