Lincoln Financial Group Launches Its First-Ever Deferred Income Annuity

RADNOR, Pa., Sept. 3, 2013

The DIA space is a rapidly growing emerging market, which in the second quarter of 2013 experienced an industry-wide sales increase of 155 percent compared to the same period in 2012 according to LIMRA¹.

"Recent economic events, increased longevity and a shift in the retirement landscape underscore the need for a well-rounded retirement portfolio that includes a guaranteed income strategy," said Brian Kroll, senior vice president, Annuity Solutions, Lincoln Financial Group. "For clients requiring that income at a later date, such as younger Boomers, Lincoln Deferred Income Solutions^SM offers choice of when income is received; the confidence of knowing exactly what that income will be; and the flexibility to adjust the income plan if needed. Lincoln's annuity portfolio has always been one focused on income, and this product builds on this expertise and further diversifies our offerings as we support advisors in addressing a variety of retirement planning needs."

Lincoln Deferred Income Solutions^SM enhances a client's ability to plan for future income needs by allowing them to select when they begin receiving income payments following a specified deferral period. The exact amount of those payments is determined at the outset, and does not change over the life of the contract, providing income transparency. Depending on the payout option chosen, Lincoln Deferred Income Solutions^SM also offers death benefit protection during the deferral and income phases, providing a legacy for heirs.

With Lincoln Deferred Income Solutions^SM a client has the flexibility to accelerate or delay the payment start date during the deferral phase of the contract should retirement plans change². In addition, a client has the flexibility during the income phase to receive six months of payments all at once, which can help cover unexpected expenses such as medical costs when other sources of income have been exhausted.

Lincoln Deferred Income Solutions^SM offers several single life and joint and survivor payout options. The product is now available in many states to Lincoln's network of distribution partners.

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 $189 billion as of June 30, 2013. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; employer-sponsored retirement 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 www.LincolnFinancial.com.