Lincoln Financial Group Launches Lincoln Covered Choice 7 Fixed Indexed Annuity

Lifetime income options for clients who need income now or later

Lincoln Financial Group LNC today announced that it has enhanced its fixed annuities offerings with the launch of Lincoln Covered Choice^SM 7, a single premium fixed indexed annuity with a seven-year surrender charge schedule. A fixed indexed annuity is designed for retirement or other long-term needs and is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies.

According to Brian Kroll, Lincoln's head of Annuities Solutions, "As we celebrate our 50^th anniversary in the annuities business, we are strengthening our suite of retirement products for our advisors and their clients. Lincoln Covered Choice^SM 7 will feature two living benefit rider options at an additional cost for retirement savers. The i4LIFE^® Indexed Advantage option provides retirement savers income now if they need it, while the Lincoln Lifetime Income^SM Edge provides retirement savers who have more time to grow their savings with the option to take income later. In addition, to provide retirement savers with more flexibility in their retirement income planning, the product moves from five-year age bands to one-year age bands starting at age 50 on Lincoln Lifetime Income^SM Edge."

Example of New Single Life Age Bands
60		4.5%
61		4.6%
62		4.7%
63		4.8%
64		4.9%
65		5.0%
66		5.1%
67		5.2%
68		5.3%
69		5.4%
70		5.5%

The chart above is a sample of the age-based income factors available. Age-based income factors range from ages 50 – 95+.

For each age between 50 and 95, income factor bands will increase by 0.10%.

"It's all about giving clients the power of knowing they will have the income they need to live the retirement they want," said John Kennedy, senior vice president and head of Retirement Solutions Distribution for Lincoln Financial Distributors. "Advisors want to give their clients an income solution that's right for them, that's why we continue to enhance our product suite to help meet the changing needs of the modern retirement saver." According to Kennedy, Lincoln Covered Choice^SM 7 will be sold through the bank/wire/independent channels.

For more information about Lincoln Covered Choice^SM 7, Lincoln Lifetime Income^SM Edge, i4LIFE^® and Lincoln Financial Group's suite of fixed, fixed indexed and variable annuity solutions, visit www.lfg.com/public/individual/exploreinsuranceannuities/annuities.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation LNC and its affiliates. The company had $246 billion in assets under management as of September 30, 2017. Lincoln is a committed corporate citizen and was named one of the Forbes Best Employers for 2017, is a member of the Dow Jones Sustainability Index North America, and received a perfect score of 100 percent on the 2017 Corporate Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.

About Lincoln Financial Group Annuity Solutions

Lincoln Financial's Annuity Solutions business offers a diverse suite of fixed, fixed indexed and variable annuity products designed to give consumers a known source of income to help maintain their lifestyles throughout retirement. Lincoln first introduced its variable annuity to the marketplace 50 years ago in 1967. Since then, the business has focused on product innovation, distribution excellence, risk management and ease of doing business. Today, Lincoln's diverse portfolio of guaranteed lifetime income solutions are distributed by nearly 45,000 advisors, and offer distinct features that give more than 1 million clients the power to choose the type of income that makes the most sense for their individual retirement income strategy.

Disclosures:

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

A fixed indexed 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 indexed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. The index used is a price index and does not reflect dividends paid on the underlying stocks.

Lincoln Covered Choice^SM 7 fixed indexed annuity 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 subject to the claims-paying ability of The Lincoln National Life Insurance Company.

The exact terms of the annuity are contained in the contracts and any attached riders, which will control the issuing company's contractual obligations. For more information about the annuity, please also read the Disclosure Statement and Facts At-A-Glance, or contact your representative.

There is no additional tax-deferral benefit for contracts purchased in an IRA or other tax-qualified plan, since these are already afforded tax-deferred status.

Product and features are subject to state availability. Limitations and exclusions may apply. Not available in New York.

i4LIFE® Indexed Advantage is an optional Guaranteed Income Benefit (GIB) rider available for an additional 0.95% charge (2.00% maximum) and subject to rider issue age limits, which may differ from the contract issue age limits.

Lincoln Lifetime Income^SM Edge is an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider available for an additional 0.95% charge (1.50% maximum) and subject to rider issue age limits, which may differ from the contract issue age limits.

LCN-1954790-112117

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