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

Transcription

1 FOR LIFE Universal and Term Life Insurance Lincoln universal and term life insurance portfolio at-a-glance Product Menu 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 For agent or broker use only. Not for use with the public

2 Term Core positioning Lincoln LifeElements Level Term Life insurance protection with guaranteed level premiums (10, 15, 20 or 30 years) Lincoln LifeElements One-Year Term 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 replacement Buy-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 70 in NY and WA) 15-year year year nontobacco 18 50* 30-year tobacco 18 45* Standard: 0 99 Substandard (smoker): 0 99 Minimum specified $250,000 $1,000 amount Riders Accelerated Benefit 3,6 Waiver of Premium 1 None

3 No-Lapse Guarantee Core positioning Lincoln LifeGuarantee UL Cost-efficient universal life insurance with a lifetime secondary guarantee Lincoln LifeGuarantee Plus UL Universal life insurance with a lifetime secondary guarantee and more policy value than Lincoln LifeGuarantee UL 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 Lets clients protect what s most important with a death benefit that can be guaranteed Offers guaranteed premiums Allows clients to fund their policies so that they can build policy value over time 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 Prospect needs Income replacement Wealth transfer Income replacement Supplemental retirement income Sales applications Underwriting classes and issue ages Term vs. permanent Group life replacement Pension Max Lincoln LifeLINC (asset leverage) Key person Buy-Sell funding Wealth transfer strategies Preferred plus Preferred nontobacco and tobacco Standard nontobacco and tobacco Table reduction program: Yes Simplified Issue: Guaranteed issue: SLAT/Private Value Access Term vs. permanent/rated Annuity Max Supplemental retirement income Key person Buy-Sell funding Preferred plus Preferred nontobacco and tobacco Standard nontobacco and tobacco Table reduction program: Yes Simplified Issue: Guaranteed Issue: 20 70* Minimum specified amount Riders $100,000 ($60,000 Guaranteed Issue) $100,000 ($60,000 Guaranteed Issue) Minimum Death Benefit Accidental Death 1 Guaranteed Insurability 1 Spouse Term 1,2 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accelerated Benefit (with Critical Illness) 2,3,6 Accelerated Benefit 3,5,6 Minimum Death Benefit Accidental Death 1 Guaranteed Insurability 1 Spouse Term 1,2 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accelerated Benefit (with Critical Illness) 2,3,6 Accelerated Benefit 3,5,6 Guarantees are backed by the claims-paying ability of the appropriate issuing company.

4 UL Lincoln DurationGuarantee UL Lincoln LifeGuarantee SUL Lincoln LifeCurrent 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 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 Premium relief feature and 1035 exchange forgiveness feature Premium relief feature 1035 exchange forgiveness feature Flex Option allows for a funding strategy to minimize initial premiums and pay higher premiums in the later years Coverage protection guarantee for the shorter of 20 years or to age 90 Premium relief feature Zero loan spread on nonguaranteed basis Wealth transfer Business transition Wealth transfer Estate tax planning Income replacement Accumulation Wealth transfer 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 Duration 10-yr. 15-yr. 20-yr. 25-yr. 30-yr. To age 95 Preferred nontobacco Standard nontobacco Standard tobacco Preferred plus & Preferred nontobacco and tobacco Table reduction program: Yes Standard nontobacco and tobacco Preferred plus Preferred nontobacco and tobacco Standard nontobacco and tobacco Table reduction program: Yes Simplified Issue: Guaranteed Issue: $100,000 ($60,000 Guaranteed Issue) $100,000 $100,000 Accelerated Benefit 2,3,5,6 Accelerated Benefit (with Critical Illness) 3,4,6 Disability Waiver Monthly Deductions 1 Minimum Death Benefit 4 Minimum Death Benefit Estate Protection 1,2 Policy Split Option 1 Accelerated Death Benefit (1st Death) 2,3,6 Accelerated Death Benefit (without 1st Death) 2,3,6 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accidental Death 1 Guaranteed Insurability 1 Spouse Term 1,2 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accelerated Benefit (with Critical Illness) 2,3,6 Accelerated Benefit 3,5,6 * 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 Current Assumption UL Lincoln LifeReserve UL Universal life insurance with strong long-term policy value growth Lincoln LifeReserve Indexed UL (not available in New York) Indexed UL Universal life insurance coverage with the potential for strong policy value growth through optional indexed accounts 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 Supplemental coverage rider Preferred loans after year 10 Asset-based bonus Durational interest bonus Three indexed account options Overloan protection endorsement Level term riders Accumulation Retirement income Estate tax planning Deferred compensation/162 Bonus/SERP The Lincoln LifeComp Suite/Non-409A personal retirement Older age-rated cases/tiered premium Roth alternative College funding Income replacement Supplemental retirement income Wealth transfer High early surrender values with Exec Rider Personal retirement Wealth transfer/financing Annuity Max Pension Max Term vs. permanent/rated Roth alternative College funding Key person/buy-sell funding Preferred plus Preferred nontobacco and tobacco Standard nontobacco 0 85 (15 85 in NY) Standard tobacco Table reduction program: Yes Simplified Issue: 20 70* Guaranteed Issue: 20 70* Preferred plus Preferred nontobacco and tobacco Standard nontobacco 0 85 Standard tobacco Table reduction program: Yes Simplified Issue: Guaranteed Issue: $25,000 ($100,000 for full underwriting on age 71 and over) $100,000 ($25,000 Guaranteed Issue) Assured Distribution Endorsement Supplemental Coverage 1,2 Accidental Death 1 Guaranteed Insurability 1 Spouse Term 1,2 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accelerated Benefit (with Critical Illness) 2,3,6 Accelerated Benefit 3,5,6 Overloan Protection Endorsement 3 Change of Insured 1 Exec Rider 1,2 Overloan Protection Endorsement 3 Supplemental Term Insurance on Primary Insured (Table reduction program not available with this rider) 1 Supplemental Term on Other Insured 1 Accidental Death 1 Guaranteed Insurability 1 Disability Waiver Specified Premium 1 Disability Waiver Monthly Deductions 1 Accelerated Benefit (with Critical Illness) 2,3,6 Accelerated Benefit 3,5,6 Change of Insured Exec Rider 1,2

6 FOR LIFE Universal Life Insurance Lincoln MoneyGuard Reserve Single Premium Fact Sheet The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company. Lincoln MoneyGuard Reserve 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. Coverage Issue ages and classes Lincoln MoneyGuard Reserve is a universal life insurance policy funded with a single premium. Ages (age last birthday), male/female nonsmoker and smoker Minimum specified amount Maximum specified amount Comprehensive Long-Term Care Benefits Rider (CCBR) Extension of Benefits Rider (EOBR) Benefit period options (CCBR + EOBR) $25,000 $500,000 with 2-year CCBR; $750,000 with 3-year 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. 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. 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 Taxation of costs for CCBR and EOBR 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). 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 * Available at an additional cost. State variations apply. Page 1 of 2

7 Inflation protection Return of Premium Rider (ROPR) Residual death benefit 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. 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. 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. 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 2011 Lincoln National Corporation 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. LCN POD 10/11 Z01 Order code: MGR-CASP-FST003 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. *State variations apply. Page 2 of 2

8 FOR LIFE Universal Life Insurance Lincoln MoneyGuard Reserve Plus Flexible Premium Fact Sheet The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company. Lincoln MoneyGuard Reserve 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. Coverage Issue ages and classes Minimum specified amount Maximum specified amount $500,000 Convalescent Care Benefits Rider (CCBR) Extension of Benefits Rider (EOBR) Benefit period options (CCBR + EOBR) Deductible period 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). Ages (age last birthday), male/female (except in Montana, where gender does not affect rates or benefits), nontobacco and tobacco $25,000 (may vary by state) 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. 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. 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. No deductible period is required. Guaranteed interest rate 4% Qualified long-term care benefits include Taxation of costs for CCBR and EOBR 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). 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 * Available at an additional cost. Ages in Florida. Enhanced Surrender Value Endorsement (ESVE) available for issue ages State variations may apply. Page 1 of 2

9 Inflation protection Enhanced Surrender Value Endorsement (ESVE) Residual death benefit International benefit 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. 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 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). 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. 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. 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 2011 Lincoln National Corporation 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. LCN PDF 3/11 Z02 Order code: MGR-FP-FST003 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 longterm 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 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 The LTC riders will not provide benefits for: care provided in facilities operated primarily for the treatment of Mental or Nervous Disorders (this exclusion does not apply to qualifying stays or care resulting from a clinical diagnosis of Alzheimer s Disease or similar forms of dementia); treatment for alcoholism or drug addiction (unless the drug addiction is a result of medication taken in doses as prescribed by a physician); treatment arising out of an attempt (while sane or insane) at suicide or an intentionally self-inflicted injury; 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; 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; confinement or care received outside the United States, other than benefits for Nursing Home Care Services and Assisted Living Facility Services as described in the International Benefits provision; services provided by a facility or an agency that does not meet this rider definition for such facility or agency, except as provided in the Alternative Care Services provision above; and services provided by a member of the Insured s Immediate Family or for which no charge is normally made in the absence of insurance. 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10 Lincoln LifeGuarantee SUL Client profile Client goals Client solution Advantages 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 Tax-efficient estate planning Wealth transfer Business continuity A Lincoln LifeGuarantee SUL can be a beneficial option for clients who may have uninvested or idle assets. 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 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. 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 Consider your clients who have cash on the sidelines or want to utilize gifting to reduce the size of their estates. Lincoln is committed to the secondary guarantee market and offers industryleading 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 preserve wealth, protect their business investment, and make more of estate assets.

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 Standard tobacco and nontobacco: age Certain rated cases may be eligible to receive standard rates. Maturity age Minimum specified amount of death benefit Maximum specified amount of death benefit Premium requirements Extended $100,000 Subject to individual consideration and underwriting limits. 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. *Please refer to the Coverage Protection Guarantee flier for more information (Order code UL-CPG-FLI239). Guarantees are backed by the claims-paying ability of the appropriate issuing company.

12 Product benefits, cont d. Estate Protection Rider Accelerated Benefit Rider with First Death Benefit Accelerated Benefit 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. 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. 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) The Disability Waiver of Specified Premium Rider The Disability Waiver of Monthly Deductions Benefit The Guaranteed Policy Split Option Rider 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. Covers the policyowner for a specified monthly premium if the insured becomes totally disabled. Available at an additional cost. Waives the monthly deduction if the insured becomes totally disabled. Available at an additional cost. 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. Available at an additional cost. Not available in Connecticut, Maryland, New York, or Pennsylvania. 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 Policy loans A guaranteed minimum annual interest rate of 3.0% applies to unborrowed funds. 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, % 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. Help clients make the most of their assets with Lincoln LifeGuarantee SUL.