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Lincoln Financial Group MoneyGuard® Reserve

Expands to New York State

09-14-2007

PHILADELPHIA, September 14, 2007 — Lincoln Financial Group today announced its MoneyGuard® Reserve product is available for sale in the state of New York. MoneyGuard® Reserve, a universal life insurance product, offers benefits for a variety of long-term care services including nursing home care, home health care, assisted living and adult day care, and is issued by Lincoln Life & Annuity Company of New York, a member of the Lincoln Financial Group.

As baby boomers look forward to their retirement years, they do so knowing that they will enjoy more years in retirement than any other previous generation. The anticipation of retirement for most boomers is met with real concern of the likelihood they will need long-term care in their golden years. This can be a costly reality as the average price tag for nursing home care in New York State averages $104,072 per year1. Combined with an annual inflation rate of 4.2 percent2, long-term-care costs can be a challenge to a family's nest egg if not factored into retirement planning.

"Now, New Yorkers have a new product solution available to address potential long-term care needs. We are pleased to extend our successful MoneyGuard® Reserve product offering in the state of New York. This unique hybrid product offers retirees a long-term care solution within a life insurance policy," said Mark Doherty, second vice president of product manufacturing for Lincoln Financial's Individual Markets division.

Unlike traditional LTC insurance, MoneyGuard® Reserve is a linked benefit solution providing long-term care coverage, while eliminating the "use it or lose it" risk. If long-term care is never needed, the policy holder's beneficiaries will receive the entire death benefit income tax-free. Even if a portion is used for long-term care, the remainder is still paid to the beneficiaries. MoneyGuard® Reserve also offers an optional return of premium rider for policies purchased with a single premium, which provides a lifetime money-back guarantee.

"Lincoln was one of the first companies to enter the marketplace with this type of flexible product. Our track record of nearly 20 years in the linked benefits arena speaks to our understanding of the end consumer's needs. Brokers and financial planners in New York State are excited about the availability of the MoneyGuard® Reserve for use with their clients," concluded Doherty.