Lincoln Financial Group Launches Lincoln MYGuarantee(SM) Plus Fixed Annuity

PHILADELPHIA, Nov. 19 /PRNewswire-FirstCall/ -- Lincoln Financial Group (NYSE: LNC) today announced the introduction of its new single premium product, Lincoln MYGuarantee(SM) Plus deferred fixed annuity. The solution is available for qualified (IRA and Roth IRA) and non-qualified money available for retail distribution to Managing General Agent (MGA) partner firms as well as Lincoln Financial Network. This new retirement solution helps people secure their financial futures by offering a steady, tax-deferred fixed rate of return without equity risk. The solution also offers interest rate guarantee periods for a specific number of years up to a full decade allowing clients to choose a time period suited to their financial goals.

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"We are excited to offer Lincoln MYGuarantee(SM) Plus to our retail distribution partners," said Anthony Brown, Head of Annuity Sales, Lincoln Financial Group. "Lincoln MYGuarantee(SM) Plus offers a strong combination of flexibility, stability and protection and is one more way we are tailoring our offerings for our distribution partners and meeting the ever-changing needs of our clients."

Lincoln MYGuarantee(SM) Plus Fixed Annuity includes:

• Growth - The product provides guaranteed, predictable growth over a specific time period and clients can choose one of eight interest rate periods, ranging from three to 10 years.
• Protection - Should a client die before the annuity payments begin, the contract's accumulation value will be paid to the beneficiary they designate. Since some or all of the death benefit may be taxable to the beneficiary, a tax advisor should be consulted about possible tax implications.
• Tax-Deferral - The annuity offers tax-deferral enabling people to defer paying taxes until money is withdrawn, allowing assets to earn more.
• Emergency Access to Assets - In the event people need emergency access to cash, the product features access to income each year with a 10 percent withdrawal allowed, free of charge, before the interest guarantee period ends. If a withdrawal is made in excess of 10 percent, a surrender charge and market value adjustment (MVA) are applied. The MVA may be a positive or negative adjustment depending on the interest rates at the time of the withdrawal.*
  

"With market volatility, comes the need for flexible and reliable retirement solutions that people can count on," said Kris Kattmann, VP and Associate Actuary for Lincoln Financial Group. "Lincoln MYGuarantee(SM) Plus fixed annuity offers growth potential, protection and allows people to adjust the solution in a way that better meets the needs of their retirement plans."

A fixed annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index.

Lincoln MYGuarantee(SM) Plus single premium deferred fixed annuity (contract form 09-612MY or state variation) is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. 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.

Contracts sold in New York (contract form 09-612NY or state variation) are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. Contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.

*Withdrawals are subject to income taxes and, if withdrawn before age 59-1/2, a 10% federal penalty tax may apply. Withdrawals during the surrender charge period are subject to surrender charges and a market value adjustment (MVA). Withdrawals during the guaranteed period are subject to an MVA.

Product 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 operating companies of Lincoln Financial Group had assets under management of $137 billion as of September 30, 2009. 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. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

SOURCE Lincoln Financial Group

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