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Design your own retirementLincoln Deferred Income Solutions SM AnnuityProducts issued by:The Lincoln National Life Insurance CompanyNot a depositNot FDIC-insured May go down in valueNot insured by any federal government agencyNot guaranteed by any bank or savings association2084088Client GuideINCO ME SO LUT IO NS

A simple designPlanning for and creating retirement income isn’t something you can leave to chance. You need income youcan count on from an insurance company you can trust and rely on.Now you can take control of your retirement income and design your own retirement on your terms. With aLincoln Deferred Income Solutions SM Annuity, you can decide when and how you’re going to receive your income.Why do you need to design your income plan?25% of retirees say they had to take more thanplanned from their savings and investments topay for basic expenses.Source: Retirement Confidence Survey, Employee Benefit Research Institute, 2013.48%Will you be ready?Only 48% of households are prepared forretirement at age 65 – will you be?Source: Boston College Center for Retirement Research, 2012.25%

Why invest with Lincoln?Because your income provider matters.Designing your retirement means selecting an insurance company that you can feel confident about when it’s time toretire and begin taking your income. Lincoln Financial has been helping investors build confident futures since 1905and has the strength and durability you can count on.The Lincoln differenceCapabilityCommitmentConsistencyWe develop products andsolutions by understandingyour changing needs.Our strength as a companyallows us to remain committedto the businesses we serve — wellinto the future.Lincoln has long been distinguishedby a steady approach — deliberatedecisions that consider the long-termeconomic environment.Lincoln Deferred Income SolutionsLincoln Deferred Income Solutions is a single premium deferred income annuity that provides future income while givingyou the flexibility to determine when and how you take it.12Choose yourincome start date.3Choose your incomepayout option andpayment frequency.Enjoy knowing that your incomepayments are guaranteed for the timeperiod you selected by a companywith a 100 year history.For more details about the contract, ask your advisor for a Lincoln Deferred Income Solutionsfacts at-a-glance and disclosure statement.

Design your incomeChoose how long to defer your incomeYou can select a date to begin receiving income, anywhere from 2-40 years in thefuture (up to age 85 for non-qualified money or 70 ½ for qualified money). If yourneeds change before you begin receiving income, Lincoln Deferred Income Solutions SMgives you a one-time option (not available with all payment options) to change yourdate. Restrictions and state variations apply.Coverage for an emergencyRetirement takes careful planning but unexpected expenses are a part of life. Whileyou are receiving income from your Lincoln Deferred Income Solution, if you needextra money for an emergency or to cover an unplanned expense, you can accelerate6 monthly payments into a single payment. You can do this up to 3 times as needed(restrictions apply).Income to meet your needsYou can select from various payout options which, depending on the one youchoose, can provide income for a certain period of time, for your lifetime or – for jointcoverage –the lifetime of both annuitants. Some options feature a Return of Premiumdeath benefit during the deferral phase, which means if you were to pass away beforeyour income payments begin, the original premium would be paid to your beneficiaries.You can elect to receive income payments on a monthly, quarterly, semi-annually orannual basis.Help manage the impact of inflationTo help manage the impact of inflation on your income payments, you can select anannual compounded increase option of 1-4% when you purchase Lincoln DeferredIncome Solutions. The increase applies after the first anniversary of thepayment start date and will decrease the initial scheduled payment amount.

Work with your financial advisor to discuss any legacy concerns and plans you may have and whichpayout option is right for you.Annuity payout options1Return of Premium optionsIncome only optionsThese options feature a Return of Premium death benefitduring the deferral or payout phases.These options do not offer a Return of Premiumdeath benefit.Life with period certain2Life onlyReceive payments for your lifetime OR a designated period,whichever is longer.Receive guaranteed income payments for the rest of your life.Life with cash refundJoint and survivor lifeLifetime payments until the death of the annuitant. If incomepayments have not totaled your initial premium at death,the difference will be paid to your beneficiaries as a lump sum.Receive payments for the lifetime of both annuitants.Life with installment refundJoint and percentage to survivor lifeLifetime payments until the death of the annuitant. Ifincome payments have not totaled your initial premium atdeath, the difference will be paid to your beneficiaries inscheduled payments.Full payments until the first death and then a selectedpercentage of the original income is paid until thesecond death.Joint and survivor life with period certain2Contingent joint and percentage to survivor lifeLifetime payments for both lives or a designated period,whichever is longer.Full payments for the lifetime of the primary annuitant, orif that person dies, a percentage of payments are paid untilthe joint annuitant’s death.Period certainPayments to the annuitant for a designated period oftime. In the event of the death of the annuitant, paymentscontinue to the beneficiaries for the duration of the timeperiod chosen.12State restrictions may apply to each of these options. If the annuitant dies before the end of the designated period,the scheduled payments will continue to the beneficiary for theremainder of the period certain. Payments stop after the periodcertain expires.

One income solutionfor many needsU.S. Department of Labor, Bureau of Statistics, bls.govSocial Security Administration, June 2013, ssa.gov3“Retiree health care costs rising; many people not preparing,” USA Today, May 9, 201212

Lincoln Deferred Income SolutionsSM can provide future income for whenever you need it most. Workwith your financial advisor and discuss your own retirement plans to decide what works best for youand your family.Let’s take a look at some of the ways that a Lincoln Deferred Income Solutions can provide income tohelp meet different types of retirement income challenges.Early in retirement – help to bridge the gapWhile the typical retirement age is still 65, you may be considering retiring earlier. According tothe U.S. Department of Labor, the average household expenses in retirement in 2011 were 57,658,or 4,805 a month.1Example: Defer to age 60A Lincoln Deferred Income Solutions Annuity could provide income to help you bridge your incomegap until you’re ready to use other sources of retirement income, like Social Security.During retirement – supplemental incomeBy age 70, most retirees are collecting income from their retirement plans and Social Security, butmany Americans will not receive enough income to sustain their lifestyle. The average monthlySocial Security benefit as of June 2013 is 1,269 according to the Social Security Administration.Example: Defer to age 70Using a Lincoln Deferred Income Solutions Annuity and deferring income payments until age 70 maybe one way to help supplement Social Security and other income during retirement to help maintainyour lifestyle.Later in retirement – help cover healthcare costsRetiree health care costs have increased an average 6% a year since 2002, leaving the average65-year old couple needing approximately 220,000 to cover medical expenses during retirement,which doesn’t account for any long-term care costs.3Example: Defer to age 80The Lincoln Deferred Income Solutions Annuity can be designed to begin income payments up toage 85 for non-qualified money (70 ½ for qualified assets) to help provide additional income to coverescalating healthcare costs.Discuss your retirement plans and income strategy with your financialadvisor to see if a Lincoln Deferred Income Solutions may be rightfor you.

Today and TomorrowFor more than 100 years, Lincoln Financial has been positioned to help secure its clients’ futures. That was trueback in the early 1900s and it’s true today. Twelve million Americans trust Lincoln Financial to help them build,protect, and distribute their wealth during and after their lifetimes.Discuss your long-term retirement goals with your advisor and ask how Lincoln Financial fits as part of yourretirement strategy.Important disclosures:Not a depositNot FDIC-insuredNot insured by any federalgovernment agencyNot guaranteed by anybank or savings associationMay go down in value 2013 Lincoln National CorporationLincolnFinancial.comLCN1308-2084088PRNT 9/13 Z01Order code: FA-DIS-BRC001This material was prepared to support thepromotion and marketing of insuranceproducts. Lincoln Financial Group affiliates,their distributors, and their respectiveemployees, representatives, and/or insuranceagents do not provide tax, accounting, or legaladvice. Any tax statements contained hereinwere not intended or written to be used, andcannot be used, for the purpose of avoidingU.S. federal, state, or local tax penalties.Please consult your own independent advisoras to any tax, accounting, or legal statementsmade herein.A fixed annuity is intended for retirement or otherlong-term needs. It is intended for a person who hassufficient cash or other liquid assets for living expensesand other unexpected emergencies, such as medicalexpenses.Lincoln Deferred Income SolutionsSM Annuity(contract form 13-618S and state variations) is issuedby The Lincoln National Life Insurance Company,Fort Wayne, IN, and distributed by Lincoln FinancialDistributors, Inc., a broker-dealer. The LincolnNational Life Insurance Company does notsolicit business in the state of New York, nor isit authorized to do so. Contractual obligationsare subject to the claims-paying ability of TheLincoln National Life Insurance Company.Contract may be referred to as “policy” or “certificate”in certain states (certificate may not be available in allstates). The certificate is a group annuity certificateissued under a group annuity contract issued by TheLincoln National Life Insurance Company to a groupannuity trust.The exact terms of the annuity are contained in thecontracts and any attached riders, endorsements andamendments, which will control the issuing company’scontractual obligations. For more information aboutthe annuity, please also read the Client Guide,Disclosure Statement and Facts At-A-Glance, or contactyour representative.Income taxes are due upon withdrawal and ifwithdrawn before age 59½, an additional 10%federal tax may apply.There is no additional tax benefit for contractspurchased in an IRA or other tax qualified plan, sincethese are already afforded tax-deferred status.Product and features are subject to state availability.Limitations and exclusions may apply. Not available inNew York.

Social Security benefit as of June 2013 is 1,269 according to the Social Security Administration. Example: Defer to age 70 Using a Lincoln Deferred Income Solutions Annuity and deferring income payments until age 70 may be one way to help supplement Social Security and other income during retirement to help maintain your lifestyle.