Lincoln Financial Group Highlights the Importance of Guaranteed Lifetime Income During National Retirement Planning Week

Lincoln partners with the National Retirement Planning Coalition to
encourage savers to discuss their need for retirement income with a
financial professional

RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today announced its support of
National Retirement Planning Week – a national effort to help consumers
rethink retirement and reconsider ways they can meet their retirement
income goals. As part of this effort, Lincoln will aim to help Americans
understand the value of financial advice and demonstrate how an annuity
with guaranteed lifetime income can be in the best interest of meeting
their retirement income needs. National Retirement Planning Week takes
place from April 3 to 7, 2017.

“Today’s savers face longer lifespans and less access to pensions, and
safety nets like social security cannot be relied on as a sole source of
income in retirement. Considering this longevity opportunity, savers
should look to solutions that offer guaranteed lifetime income to
further diversify their portfolio and help them reach retirement income
goals,” says Brian Kroll, head of Annuity Solutions for Lincoln
Financial Group. “It’s never too early to plan for income in retirement,
and client-advisor conversations are an important step in this process.”

Research shows that savers have a strong desire to live a financially
comfortable retirement, yet almost two in five express concerns over
having enough money to maintain the lifestyle they want. Many savers are
also uncomfortable with the risk of losing the money they’ve worked to
save, and do not feel knowledgeable about how to protect their
portfolios against investment risk¹.

“In today’s low interest rate environment and with equities at an
all-time high, advisors have a unique opportunity to educate savers on
solutions that provide a known source of income and financial
protection. This also includes helping them to lock in potential gains
available in the current market to generate the income they need in
retirement,” added John Kennedy, head of Retirement Solutions
Distribution for Lincoln Financial Distributors. “Developing a strong
income strategy with a reliable income source, like an annuity with
guaranteed lifetime income, can help investors feel more confident when
facing potential risks in the future.”

Throughout the week Lincoln will engage savers on the topic of income
planning. As part of this, Lincoln will also highlight ways to protect
income from unexpected expenses through long-term care. In partnership
with the Insured Retirement Institute (IRI), Lincoln will host two
webinars for advisors to attend for Continuing Education credits. These
topics include “Women and Long-term Care: How to recognize and plan for
their unique needs” and “Retirement Income and Investment Risk: Are you
prepared?” Advisors who wish to learn more and register for these
webinars may visit: Women
and Long-term Care and Are
you prepared?

The webinars will also be available after National Retirement Planning
Week through the IRI site: http://www.irionline.org/conferences/webinars.

“Annuities can provide savers with income they can’t outlive, and that
can never go down. But education on the role of income in retirement is
important, and talking with an advisor to learn more can help savers
feel more confident in adding guaranteed lifetime income to a
well-rounded retirement income plan,” concluded Kennedy. “Financial
professionals play an important role in helping savers understand the
spectrum of solutions available and how they can be in their best
interest as they plan for retirement income.”

Each year National Retirement Planning Week encourages and promotes
positive savings behaviors among Americans, through tools and resources
to help them plan for their financial needs in retirement. The National
Retirement Planning Coalition – a group of education, consumer advocacy
and financial service organizations – spearheads this effort to help
Americans plan for retirement. Lincoln is a member company of the
Insured Retirement Institute (IRI) – the organization that helps fuel
the coalition and annual event.

For more information about National Retirement Planning Week, visit: https://www.retireonyourterms.org/NRPW

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
(NYSE:LNC) and its affiliates. The company had $229 billion in assets
under management as of December 31, 2016. Learn more at: www.LincolnFinancial.com.
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Disclosures:

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

Variable annuities are long-term investment products designed for
retirement purposes and are subject to market fluctuation, investment
risk, and possible loss of principal. Variable annuities contain both
investment and insurance components and have fees and charges, including
mortality and expense, administrative, and advisory fees. Optional
features are available for an additional charge. The annuity’s value
fluctuates with the market value of the underlying investment options,
and all assets accumulate tax-deferred. Withdrawals of earnings are
taxable as ordinary income and, if taken prior to age 59½, may be
subject to an additional 10% federal tax. Withdrawals will reduce the
death benefit and cash surrender value.

Investors are advised to consider the investment objectives, risks,
and charges and expenses of the variable annuity and its underlying
investment options carefully before investing. The applicable
prospectuses for the variable annuity and its underlying investment
options contain this and other important information. Please call
888-868-2583 for free prospectuses. Read them carefully before investing
or sending money. Products and features are subject to state
availability.

Lincoln variable annuities are 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.

Contracts sold in New York are issued by Lincoln Life & Annuity Company
of New York, Syracuse, NY, and distributed by Lincoln Financial
Distributors, Inc., a broker-dealer.

¹ Greenwald & Associates / CANNEX 2016 Guaranteed Lifetime
Income Study

Contacts

Michael Arcaro
Lincoln Financial Group
T: 484-583-1799
Michael.arcaro@lfg.com
or
Amy
Norcini
Lincoln Financial Group
T: 484-583-1436
Amy.norcini@lfg.com