Lincoln universal and term life insurance portfolio at-a-glance

(1)

Lincoln universal and

term life insurance

portfolio at-a-glance

Product Menu

FOR LIFE

Universal and Term Life Insurance

2057795

The Lincoln National Life Insurance Company Lincoln Life & Annuity Company of New York

Not a deposit Not FDIC-insured May go down in value Not insured by any federal government agency Not guaranteed by any bank or savings association

(2)

Lincoln LifeElements®_{Level Term} _{Lincoln LifeElements}®_{One-Year Term}

Core

positioning Life insurance protection with guaranteed level premiums (10, 15, 20 or 30 years)

Temporary one-year life insurance protection Not renewable or convertible

Key benefits

Provides clients with affordable life insurance protection Offers clients the choice of guaranteed level

premium period (10,15, 20 or 30 years) Offers clients the chance to enhance their policies by choosing from a selection of riders

Provides clients with one year of life insurance protection

Unique features

Affordable level term coverage guaranteed for a specific period of time

All rates are unisex

Prospect

needs Income replacementBuy-Sell funding

Income replacement

Sales applications

Buy-Sell funding/Key person Survivorship Paid-up funding Mortgage protection

Provides temporary insurance while clients are making longer-term financial decisions

Underwriting classes and issue ages

10-year 18 – 75 (18–70 in NY and WA) 15-year 18 – 65 20-year 18 – 60 30-year nontobacco 18 – 50* 30-year tobacco 18 – 45* Standard: 0–99 Substandard (smoker): 0–99 Minimum specified amount $250,000 $1,000

Riders Accelerated Benefit3,6 Children’s Term1 Waiver of Premium1

None

(3)

Lincoln LifeGuarantee®_UL _{Lincoln LifeGuarantee} ®_{Plus UL} _{Lincoln DurationGuarantee}®_UL _{Lincoln LifeGuarantee} ®_SUL _{Lincoln LifeCurrent} ®_UL _{Lincoln LifeReserve} ®_UL Lincoln LifeReserve

®_{Indexed UL}

(not available in New York) Core

positioning Cost-efficient universal life insurance with a lifetime secondary guarantee

Universal life insurance with a lifetime secondary guarantee and more policy value than Lincoln LifeGuarantee UL

Cost-efficient, guaranteed universal life insurance protection for durations of 10, 15, 20, 25 or 30 years or to age 95

Universal life insurance with a lifetime secondary death benefit guarantee on two lives, payable upon the second death

Universal life insurance protection with a 20-year secondary death benefit guarantee plus significant policy value growth

Universal life insurance with strong long-term policy value growth

Universal life insurance coverage with the potential for strong policy value growth through optional indexed accounts

Key benefits

Lets clients protect what’s most important with a death benefit that can be guaranteed Offers guaranteed premiums

Can provide clients with affordable lifetime guaranteed insurance coverage

Allows clients to fund their policies so that they can build policy value over time

Shorter guaranteed duration coverage at older ages

1035 rollover capability for short duration guaranteed coverage at all ages

A powerful tool for estate planning that can provide an affordable lifetime guaranteed death benefit to beneficiaries when the second of the two insureds dies Offers guaranteed premiums

Provides valuable life insurance protection Provides clients with the ability to

adjust premium payments and coverage amount over time to keep pace with their lives

Provides significant policy value growth

Provides clients with valuable life insurance protection Provides ability for clients to fund their policies to help

ensure that they meet future financial needs Offers significant long-term policy value accumulation

Ability to fund the policy to build account value to help meet long-term needs

Provides upside potential of crediting rates based on external financial index — combined with a 1% guarantee

Unique features

Premium relief feature Guaranteed Issue availability 1035 exchange forgiveness feature Flex Option allows for a funding strategy to

minimize initial premiums and pay higher premiums in the later years

Higher cash value and guaranteed death benefit premiums than Lincoln LifeGuarantee UL Guaranteed Issue availability Premium relief feature

1035 exchange forgiveness feature

Premium relief feature and 1035 exchange forgiveness feature

Premium relief feature

1035 exchange forgiveness feature Flex Option allows for a funding strategy to

Coverage protection guarantee for the shorter of 20 years or to age 90 Premium relief feature

Zero loan spread on nonguaranteed basis

Supplemental coverage rider Preferred loans after year 10 Asset-based bonus

Durational interest bonus

Three indexed account options Overloan protection endorsement Level term riders

Prospect needs

Income replacement Wealth transfer

Income replacement

Supplemental retirement income

Wealth transfer Business transition

Wealth transfer Estate tax planning

Income replacement Accumulation Wealth transfer

Accumulation Retirement income Estate tax planning

Income replacement

Supplemental retirement income Wealth transfer

High early surrender values with Exec Rider Sales

applications Term vs. permanentGroup life replacement Pension Max

Lincoln LifeLINC®_{(asset leverage)} Key person

Buy-Sell funding Wealth transfer strategies

SLAT/Private Value Access Term vs. permanent/Rated Annuity Max

Supplemental retirement income Key person

Buy-Sell funding

Wealth transfer strategies — ILIT, FLP Buy-Sell funding

ILIT/Dynasty Trust

Private Split Dollar/Premium financing Roth alternative

Supplemental retirement Pay up survivorship Term vs. permanent/Rated Annuity Max

Wealth transfer for older ages Key person/Buy-Sell funding

Deferred compensation/162 Bonus/SERP

The Lincoln LifeComp®_{Suite/Non-409A personal retirement} Older age-rated cases/Tiered premium

Roth alternative College funding Personal retirement Wealth transfer/financing Annuity Max Pension Max Term vs. permanent/Rated Roth alternative College funding

Key person/Buy-Sell funding

Preferred plus 20 – 80

Preferred nontobacco and tobacco 20 – 80 Standard nontobacco and tobacco 20 – 85 Table reduction program: Yes

Simplified Issue: 20 – 70 Guaranteed issue: 20 – 70

Simplified Issue: 20 – 70 Guaranteed Issue: 20 – 70*

Duration Preferred nontobacco 20 – 80

Standard nontobacco 20 – 85 Standard tobacco 20 – 85 Table reduction program: Yes

Simplified Issue: 20 – 70 Guaranteed Issue: 20 – 70

Preferred plus 20 – 80 Preferred nontobacco and

tobacco 20 – 80

Standard nontobacco 0 – 85 (15 – 85 in NY)

Standard tobacco 15 – 85 Table reduction program: Yes Simplified Issue: 20 – 70* Guaranteed Issue: 20 – 70*

tobacco 20 – 80

Standard nontobacco 0 – 85

Standard tobacco 15 – 85 Table reduction program: Yes Simplified Issue: 20 – 70 Guaranteed Issue: 20 – 70 10-yr. 15-yr. 20-yr. 25-yr. 30-yr. To age 95

Preferred plus & Preferred nontobacco and tobacco 20 – 80 20 – 80 20 – 75 20 – 70 20 – 65 20 – 80 Standard nontobacco and tobacco

20 – 85 20 – 80 20 – 75 20 – 70 20 – 65 20 – 85 Minimum

specified amount

$100,000 ($60,000 Guaranteed Issue) $100,000 ($60,000 Guaranteed Issue) $100,000 ($60,000 Guaranteed Issue) $100,000 $100,000 $25,000 ($100,000 for full underwriting on age 71 and over) $100,000 ($25,000 Guaranteed Issue)

Riders Minimum Death Benefit Accidental Death1 Children’s Term1 Guaranteed Insurability1 Spouse Term1,2

Disability Waiver — Specified Premium1 Disability Waiver — Monthly Deductions1 Accelerated Benefit (with Critical Illness)2,3,6 Accelerated Benefit3,5,6

Minimum Death Benefit Accidental Death1 Children’s Term1 Guaranteed Insurability1 Spouse Term1,2

Accelerated Benefit2,3,5,6

Accelerated Benefit (with Critical Illness)3,4,6 Children’s Term1

Disability Waiver — Monthly Deductions1

Minimum Death Benefit4

Minimum Death Benefit Estate Protection1,2 Policy Split Option1

Accelerated Death Benefit (1st Death)2,3,6 Accelerated Death Benefit

(without 1st Death)2,3,6

Disability Waiver — Specified Premium1 Disability Waiver — Monthly Deductions1

Accidental Death1 Children’s Term1 Guaranteed Insurability1 Spouse Term1,2

Assured Distribution Endorsement Supplemental Coverage1,2 Accidental Death1 Children’s Term1 Guaranteed Insurability1 Spouse Term1,2

Disability Waiver — Specified Premium1

Accelerated Benefit (with Critical Illness)2,3,6 Accelerated Benefit3,5,6

Overloan Protection Endorsement3 Change of Insured1

Exec Rider1,2

Overloan Protection Endorsement3 Supplemental Term Insurance

on Primary Insured (Table reduction program not available with this rider)1 Supplemental Term on

Other Insured1 Accidental Death1 Children’s Term1 Guaranteed Insurability1

Change of Insured Exec Rider1,2

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

(4)

®_{Indexed UL}

Key benefits

Unique features

Prospect needs

Income replacement

Buy-Sell funding

ILIT/Dynasty Trust

tobacco 20 – 80

20 – 85 20 – 80 20 – 75 20 – 70 20 – 65 20 – 85 Minimum

specified amount

Exec Rider1,2

* Not all riders are available. 1_{Available at an additional cost.}2_{Not available in New York.} 3_{One-time charge applied when benefit is exercised.}4_{Not available in CT, MD, NJ, NY and PA.} 5 Nursing home benefit not available in some states. 6 Accelerated death benefits may be taxable and may affect public assistance eligibility.

(5)

®_{Indexed UL}

Key benefits

Unique features

Prospect needs

Income replacement

Buy-Sell funding

ILIT/Dynasty Trust

tobacco 20 – 80

20 – 85 20 – 80 20 – 75 20 – 70 20 – 65 20 – 85 Minimum

specified amount

Exec Rider1,2

(6)

Coverage Lincoln MoneyGuard Reserve is a universal life insurance policy funded with a single premium.

Issue ages and classes Ages 30 – 80 (age last birthday), male/female nonsmoker and smoker

Minimum specified

amount $25,000

Maximum specified

amount $500,000 with 2-year CCBR; $750,000 with 3-year CCBR Comprehensive

Long-Term Care Benefits Rider† (CCBR)

This long-term care benefits rider allows us to accelerate the specified amount of death benefit to pay for covered long-term care expenses. Benefits may be paid over 24 or 36 months (2 or 3 years), depending upon your selection at issue.

Extension of Benefits Rider (EOBR)

This rider extends benefits after the entire specified amount of death benefit has been used to pay the long-term care expenses. You may choose an additional 24 or 48 months (2 or 4 years) of benefit payments.

Benefit period options

(CCBR + EOBR) 2 years (2+0), 3 years (3+0), 4 years (2+2), 5 years (3+2), 6 years (2+4), 7 years (3+4). Benefits are paid monthly.

Guaranteed interest rate 4%

Qualified long-term care covered services include

Home health care services, residential care facility services, nursing facility services, adult day care, personal care services, hospice services, and additional qualified long-term care services as outlined in the policy contract. Covered services may vary by state. For eligibility requirements for long-term care reimbursement, please see policy’s contractual provisions.

Expenses are reimbursed up to the monthly maximum for all levels of care, and they are intended to be income tax-free under IRC Section 104(a)(3).

Taxation of costs for CCBR and EOBR

The CCBR and EOBR are intended to provide qualified long-term care benefits under IRC Section 7702B(b). The costs for these riders are deducted monthly from the policy cash value and are federally treated as “distributions” from your Lincoln MoneyGuard Reserve policy. Lincoln will not report these distributions as taxable to you, even if your policy is a Modified Endowment Contract (MEC). Instead, the costs will reduce the investment in the contract (cost basis), but not below zero, as the costs are taken from your policy. Once the investment in the contract has been reduced to zero, distributions for qualified long-term care rider charges will come from any gain in the contract but will still not be reportable as taxable distributions.

A 10% penalty may apply if such a distribution is taxable and occurs prior to age 59½. Lincoln Financial Group, its affiliated companies and its representatives/ insurance agents do not provide legal or tax advice. Consult with your tax advisor to learn more about how this may apply to your specific situation.

Lincoln MoneyGuardReserve is a universal life insurance policy with optional insurance riders that provide long-term care benefits.* Policies are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN.

The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company. Page 1 of 2

F O R L I F E

Lincoln MoneyGuard

®

Reserve

Single Premium Fact Sheet

2058310

* Available at an additional cost. † _{State variations apply.}

(7)

Not a deposit Not FDIC-insured Not insured by any federal government agency Not guaranteed by any bank or savings association May go down in value

www.LincolnFinancial.com

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations. LCN1109-2058310 POD 10/11 Z01

Order code: MGR-CASP-FST003

Inflation protection There are two inflation options available: Simple (3% on both riders) and Compound (2% on CCBR and 5% on EOBR). The cost for inflation protection will be deducted monthly from the policy cash value. Unless rejected at policy issue, the policy will default to the 5% Compound option.

Return of Premium Rider (ROPR)

The amount of premium that is returned upon full surrender of the policy will be the greater of the cash surrender value or 100% of the initial premium paid less any loans, loan interest, or withdrawals taken from the policy or long-term care benefits paid, and may have tax implications. The policy terminates when this rider is exercised. The charge for the ROPR is deducted from the policy value.

Residual death benefit Regardless of how much of the policy’s Specified Amount is used to pay for long-term care covered expenses, Lincoln MoneyGuard Reserve will pay the policy’s beneficiary a residual death benefit. At the time you purchase the policy, the benefit is equal to 10% of the initial death benefit. The residual death benefit will be adjusted by any loans, loan interest, withdrawals or loan repayments. Loans are charged interest. Residual Death Benefit is subject to state availability.

Page 2 of 2 This material was prepared to support the promotion

and marketing of investment and insurance products. 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. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

Lincoln MoneyGuard®_{Reserve is a universal life} insurance policy with a rider that accelerates the specified amount of death benefit to pay for covered long-term care expenses. An Extension of Benefits Rider (EOBR) is available to continue long-term care benefit payments after the entire specified amount of death benefit has been paid. The Return of Premium Rider (ROPR) is available at issue on single premium and certain flexible policies. The amount of premium returned is adjusted for any benefits paid, any loans or withdrawals taken, and may have tax implications. The cost of riders will be deducted from the policy value. The insurance policy and riders have limitations, exclusions, and/or reductions. Additionally, Long-Term Care Benefit riders may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the Owner. Lincoln MoneyGuard®_{Reserve is issued by The} Lincoln National Life Insurance Company, Fort Wayne, IN, on Policy Form LN850 (8/05) with a Comprehensive Long-Term Care Benefits Rider*

(CCBR) on Rider Form LR851 (8/05), an Extension of Benefits Rider on Rider Form LR852 (8/05), and a Return of Premium Rider on Rider Form LR850 (10/07) or LR850F (10/07). The Lincoln National

Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

General exclusions and limitations* The LTC riders will not provide benefits for: a. treatment for alcoholism, drug addiction or chemical dependency (unless the drug addiction or chemical dependency is a result of medication taken in doses as prescribed by a physician); b. treatment arising out of an attempt (while sane) at suicide or an intentionally self-inflicted injury; c. treatment provided in a Veteran’s Administration or government facility, unless the Insured or the Insured’s estate is charged for the confinement or services or unless otherwise required by law; d. loss to the extent that benefits are payable under any of the following: Medicare (including that which would have been payable but for the application of a deductible or a coinsurance amount), other governmental programs (except Medicaid), workers compensation laws, employer’s liability laws, occupational disease laws, and motor vehicle no-fault laws; e. confinement or care received outside the United States; f. services provided by a facility or an agency that does not meet this rider definition for such facility or agency; and g. services provided by a member of the Insured’s Immediate Family or for which no charge is normally made in the absence of insurance.

(8)

Page 1 of 2

F O R L I F E

Lincoln MoneyGuard

®

Reserve Plus

Flexible Premium Fact Sheet

Coverage You may fund this policy with annual payments over 3-, 5-, 7- or 10-year periods, at which time the policy becomes paid up (assuming no loans or withdrawals are taken).

Issue ages and classes Ages 35 – 80†_{(age last birthday), male/female (except in Montana, where}

gender does not affect rates or benefits), nontobacco and tobacco

Minimum specified

amount $25,000 (may vary by state)

Maximum specified

amount $500,000

Convalescent Care Benefits Rider (CCBR)‡

This long-term care benefits rider allows us to accelerate the specified amount of death benefit to pay for qualified long-term care expenses. Benefits may be paid over 24 or 36 months (2 or 3 years), depending upon your selection at issue.

Extension of Benefits Rider (EOBR)

This rider extends benefits after the entire specified amount of death benefit has been used to pay the long-term care expenses. You may choose an additional 24 or 48 months (2 or 4 years) of benefit payments.

Benefit period options

(CCBR + EOBR) 2 years (2+0), 3 years (3+0), 4 years (2+2), 5 years (3+2), 6 years (2+4), 7 years (3+4). Benefits are paid monthly.

Deductible period No deductible period is required.

Guaranteed interest rate 4%

Qualified long-term care benefits include

Home healthcare, assisted living, nursing home, adult day care, personal care services, hospice services, alternative care services. Benefits may vary by state. Expenses are reimbursed up to the monthly maximum for all levels of care, and they are intended to be income tax-free under IRC Section 104(a)(3).

Taxation of costs for CCBR and EOBR

The CCBR and EOBR are intended to provide qualified long-term care benefits under IRC Section 7702B(b). The costs for these riders are deducted monthly from the policy cash value and are federally treated as “distributions” from your Lincoln MoneyGuard Reserve Plus policy. Lincoln will not report these distributions as taxable to you, even if your policy is a Modified Endowment Contract (MEC). Instead, the costs will reduce the investment in the contract (cost basis), but not below zero, as the costs are taken from your policy. Once the investment in the contract has been reduced to zero, distributions will come from any gain in the contract but will still not be reportable as taxable distributions.

A 10% penalty may apply if such a distribution is taxable and occurs prior to age 59½. Lincoln Financial Group, its affiliated companies, and its representatives/ insurance agents do not provide legal or tax advice. Consult with your tax advisor to learn more about how this may apply to your specific situation.

Lincoln MoneyGuardReserve Plus is a universal life insurance policy with optional insurance riders that provide long-term care benefits.* Policies are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN.

2047691

* Available at an additional cost.

† _{Ages 35–79 in Florida. Enhanced Surrender Value Endorsement (ESVE) available for issue ages 35–65.} ‡ _{State variations may apply.}

The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company.

(9)

Not a deposit Not FDIC-insured Not insured by any federal government agency Not guaranteed by any bank or savings association May go down in value

www.LincolnFinancial.com

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations. LCN1011-2047691 PDF 3/11 Z02

Order code: MGR-FP-FST003

Inflation protection There are three options available: 3% Simple, 3% Compound, and 5% Compound. The same option will apply to both the CCBR and the EOBR, and the costs for inflation protection will be deducted monthly from the policy cash value. Unless rejected at issue, the policy will default to the 5% Compound option. Inflation protection on the CCBR is subject to state availability.

Enhanced Surrender Value Endorsement (ESVE)

After all the planned premiums are paid, the ESVE ensures that the amount paid upon surrender will be no less than the sum of the premiums paid. Available for issue ages 35 – 65 and included in the policy cost. Any benefit provided by the ESVE will be adjusted by any loans/loan interest/ loan repayments, cash withdrawals taken or claim payments made from the policy and may have tax implications. The ESVE will terminate if a loan or cash withdrawal is taken prior to payment of all planned premiums (may vary by state).

Residual death benefit Even if your entire specified amount of death benefit has been used to pay for long-term care, Lincoln

MoneyGuard®_{Reserve Plus will pay your beneficiary a residual death benefit. At the time you}

purchase the policy, the benefit is equal to 10% of the initial death benefit. The residual death benefit will be adjusted by any loans, loan interest, cash withdrawals or loan repayments. Loans are charged interest.

International benefit Benefits under the CCBR will also be available if the client is confined to a nursing home or assisted living facility outside the United States, its territories or possessions. Such benefits are limited each month to 50% of the maximum monthly benefit that would otherwise be paid; however, the full CCBR Benefit Limit may be used for this purpose.

Page 2 of 2 This material was prepared to support the promotion

and marketing of insurance products. 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. Please consult with your own independent advisor as to any tax, accounting, or legal statements made herein.

Lincoln MoneyGuard®_{Reserve Plus is a universal} life insurance policy with a Convalescent Care Benefits Rider (CCBR) that accelerates the specified amount of death benefit to pay for covered long-term care expenses. An Extension of Benefits Rider (EOBR) is available to continue long-term care benefit payments after the entire specified amount of death benefit has been paid. The Enhanced Surrender Value Endorsement (ESVE) is included in the policy cost for all single premium policies and for flexible premium policies for issue ages 35 – 65. The additional surrender benefit provided will be adjusted by any loans/loan interest/loan repayments, withdrawals taken, or claim payments made. The cost of riders will be deducted monthly from the policy cash value. The insurance policy and riders have limitations, exclusions, and/or reductions. Lincoln MoneyGuard®_{Reserve Plus is issued by The} Lincoln National Life Insurance Company, Fort Wayne, IN, on Policy Form LN870 with the Convalescent Care Benefits Rider (CCBR) on Rider Form LR870, an optional Enhanced Surrender Value Endorsement (ESVE) on Endorsement Form B10465F, an optional Extension of Benefits Rider (EOBR) on Rider Form LR871, and an optional Nonforfeiture Benefit Rider (NFO) on Rider Form LR872.

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 makes any representations or guarantees regarding the claims-paying ability of the issuer.

Products and features, including benefits, exclusions, limitations, terms, and definitions, may vary by state. Not approved for use in New York. Check state availability.

General exclusions and limitations

(10)

Lincoln LifeGuarantee

®

SUL

Client profile

Lincoln LifeGuarantee SUL may be an

effective wealth transfer solution for clients who:

Are married, domestic or business

•

partners

Have sufficient assets for income

•

after the first death

Have designated assets to leave

•

for heirs

Small-business owners, especially those who own or co-own a family business, can use Lincoln

LifeGuarantee SUL to help ensure the

business continues upon the death of a key person.

Client goals

Tax-efficient estate planning

•

Wealth transfer

•

Business continuity

•

Within a properly structured trust,

Lincoln LifeGuarantee SUL may enable

clients to:

Remove assets from their estate

•

Enable beneficiaries to pay estate taxes

•

on the balance of the estate

Client solution

A Lincoln LifeGuarantee SUL can be a beneficial option for clients who may have uninvested or idle assets.

Consider your clients who have cash on the sidelines or want to utilize gifting to reduce the size of their estates.

Advantages

Lincoln LifeGuarantee SUL offers:

Competitive pricing

•

Strong internal rate of return

•

Flexible payment options

•

Additional policy riders to customize

•

a personalized policy

Industry-leading underwriting

•

Lincoln is committed to the secondary guarantee market and offers industry- leading underwriting.

At Lincoln, we support your Lincoln LifeGuarantee SUL business with industry-leading underwriting, competitive pricing, and the resources you need.

Lincoln LifeGuarantee SUL can help clients

(11)

Product features

Policy design • Survivorship universal life insurance policy that covers two individuals. The death benefit is paid when the second person dies.

Issue ages and classes • Preferred nontobacco: age 20–80

Standard tobacco and nontobacco: age 20–85 •

Certain rated cases may be eligible to receive standard rates.

Maturity age • Extended

Minimum specified amount of death benefit

$100,000 •

Maximum specified amount of death benefit

Subject to individual consideration and underwriting limits. •

Premium requirements • Premium amount and frequency may vary as long as the policyholder maintains either a positive cash surrender value or satisfies the Coverage Protection Guarantee requirements.

Product features

Coverage Protection Guarantee (CPG)*

Automatically included at issue. •

This rider guarantees that the policy will not lapse even if the cash surrender •

value is insufficient to cover monthly deductions.

Two premium payment options are available: Lifetime Option and Flex Option. •

One must be elected at issue and cannot be changed once the policy is in-force. 1. The Lifetime Option: Most efficient for levelized premiums paid until the

younger insured reaches age 100, with guarantees for life. This option costs less overall than the Flex Option. It’s best for clients who want to buy the most amount of guaranteed death benefit for their premium.

2. The Flex Option: Costs less than the Lifetime Option in initial years but has higher catch-up premiums with higher charges in the later years and charges will continue out to the younger insured’s age 121. Choosing this option allows your clients to have a lower initial outlay than would be available with the Lifetime Option. Best for clients who: a) are looking for the best internal rate of return on death benefit during the initial years or b) have less funding now and expect to be able to pay more later.

(12)

Product benefits, cont’d.

Estate Protection Rider • Provides an additional term insurance benefit during the first four years of the policy.

Available at an additional cost. •

Not available in New York. •

Accelerated Benefit Rider with First Death Benefit†

Pays the survivor a cash benefit upon the first death and provides enhanced •

protection for the survivor in the event of critical or terminal illness, or confinement to a nursing home.

One-time charge when rider is exercised. •

Not available in New York. •

Accelerated Benefit Rider • Pays out a portion of the death benefit if, after the first death, the surviving insured is permanently confined to a nursing home or becomes terminally ill. One-time charge when rider is exercised.

•

Benefits are subject to state availability. •

Accelerated Benefit Rider (New York)

Pays out a portion of the death benefit if, after the first death, the •

surviving insured becomes terminally ill. One-time charge when rider is exercised. •

The Disability Waiver of Specified Premium Rider

Covers the policyowner for a specified monthly premium if the insured •

becomes totally disabled. Available at an additional cost. •

The Disability Waiver of Monthly Deductions Benefit

Waives the monthly deduction if the insured becomes totally disabled. •

The Guaranteed Policy Split Option Rider

Offers the flexibility and convenience of splitting the survivorship policy into •

two individual policies in the event of divorce, repeal of the unlimited marital deduction, or reduction in the estate tax rate to 25% or less.

No additional medical examination required. •

Underwriting is key to your success

At Lincoln, our industry-leading underwriting philosophy emphasizes flexibility and communication to achieve the best possible offer for your clients.

(13)

Other features

Interest crediting • A guaranteed minimum annual interest rate of 3.0% applies to unborrowed funds.

Policy loans‡ _•_{Policyowners may borrow up to 100% of the cash surrender value} at any time.

Interest charged: 6% guaranteed interest rate, all years •

Interest credited: 4% •

Withdrawals‡ _•_{Minimum: $500}

Maximum: 100% of cash surrender value less $2,500 •

100% of cash surrender value in New York Transaction fee: $5 per withdrawal

•

An additional charge applies if the withdrawal causes the face amount to •

decrease or if the withdrawal occurs during the surrender charge period. Loans and withdrawals reduce the cash surrender value and death benefit, •

may cause the policy to lapse, and may have tax implications.

Charges and fees _Charge _Frequency _Detail

Premium load At payment 15% all years based on premium amount Per policy expense charge Monthly $8 ($96 annually)

Administrative expense Monthly Varies Cost of insurance Monthly Varies

Unit expense charge Monthly $0.05 per $1,000 of initial specified amount Surrender charges 19 years Varies

‡_{Policy Loans and withdrawals will reduce the length of time the Coverage Protection Guarantee will protect the policy.}