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Lincoln Financial Annuity Sales Update

Execeptions No Longer Available for Employer-Sponsored Qualified Plans

07-14-2009

Lincoln individual fixed annuities — exceptions no longer available for employer-sponsored qualified plans

Because Lincoln’s fixed and fixed indexed annuity products are designed and priced for individual markets, effective immediately, Lincoln will no longer accept requests for the purchase of individual fixed annuity products with qualified employer-sponsored assets.

Lincoln will no longer issue individual fixed annuities for qualified employer-sponsored plans, including:

SEP-IRA
profit sharing plans
defined benefit plans
defined contribution plans
401(k)
457
all other plans covered under section 401(a) of the Internal Revenue Code

Any approvals that have already been given for single participant plan-owned individual fixed annuities will be honored.

Acceptable plan types for Lincoln individual fixed and fixed indexed annuities include:

Nonqualified
Traditional IRA / IRA Rollovers
Roth IRA markets