Important state-specific updates to our life insurance solutions

Dear Valued Partners:

You trust Lincoln Financial to support, preserve, and enhance your clients’ lifestyles and to provide better retirement options. We are writing with a few important state-specific changes, additional options, and expanded opportunities within our

MoneyGuard^®, term life and universal life solutions.

Although you will see some changes, one thing that will stay the same is our commitment to your success in helping clients meet their financial needs.

Below are the product updates at a glance. The links that follow include additional information concerning the sales of these products, actions you may want to consider, timely information on
transition rules, and updated marketing materials.

Lincoln LifeElements® Level Term (2014) – New York State-Specific Pricing	Lincoln WealthPreserveSM Survivorship IUL – Now Available in New York
Premiums have been increased 5% — 20% Post issue face decreases available beginning in year four Reflects our commitment to continue to offer a fully guaranteed term solution in New York We continue to offer a full New York portfolio of products including term life solutions, MoneyGuard® and our non-guaranteed universal life and variable products	Cost-efficient policy for estate planning and cash accumulation potential Downside protection to help reduce volatility on policy assets Tax-advantaged growth and income* potential for the future through indexed account options tied to the S&P 500 Index

Lincoln MoneyGuard® II — Available in Florida	Lincoln MoneyGuard® Reserve Plus CA Process Change
Return of premium choices Flex-pay premium options from 1 to 10 years No elimination period — benefits start on qualified LTC event at day one Streamlined underwriting — no medical exams or lab tests required Couples Discount Increased long-term care leverage — up to 10% more in benefits than Lincoln MoneyGuard Reserve Plus	Effective February 9, 2015 we will introduce an updated application process for Lincoln MoneyGuard Plus in California The CA application will be split into three parts The personal history interview (PHI) will consist of medical questions that will be transcribed to Part II and Part III of the application

We’re confident the updates to our diverse product portfolio will boost your sales success.

Have questions? Contact your Lincoln representative.

*Cash distributions are taken through loans and withdrawals, which will reduce the policy’s cash value and death benefit, and may have tax implications and cause the policy to lapse.