Filed
Pursuant to Rule 433
Registration
No. 333-146213
November
5, 2009
The
following information is a Summary of Material Modifications/Notice of changes
relating to certain investment options for the Lincoln National Corporation
Executive Deferred Compensation Plan for Agents. More information
about each of the investment options offered under the Plan (except for the LNC
Stock Unit Fund) can be obtained by logging into your LNL Agents’ Savings and
Profit-Sharing account on the Lincoln Alliance® website
at: www.LincolnAlliance.com. To
view the Collective Investment Trust Disclosures, click on “Collective Trust
Disclosure” under Site Tools on the right side of your Summary of Account
Page. To view a Prospectus, click on “Fund Prospectus,” on the left
side of your Summary of Account Page, then click on “LNL Agents’ Savings and
Profit-Sharing Plan.” Scroll down to view the investment option
prospectus you are interested in viewing. If you are not a
participant in the LNL Agents’ Savings and Profit-Sharing Plan, contact the
Benefit Administrator of your plan for this information.
Effective: August
4, 2008:
On August
4, 2008, the name change from AST Capital Trust Company to Wilmington
Trust Retirement and Institutional Services Company (“WTRIS”) was approved from
a regulatory perspective. WTRIS, as Trustee for the collective
investment trust options under the plan, is a wholly owned subsidiary of
Wilmington Trust FSB. This change relates to the following investment
options:
Delaware
International Equity Trust
Delaware
Large Cap Growth Trust
Delaware
Large Cap Value Trust
Delaware
Small Cap Growth Trust
Effective
June 30, 2009:
On June
30, 2009, the temporary fee waivers expired on the following investment
options:
|
|
Expense Ratio with Waiver
|
Current Expense Ratio
|
|
Delaware
International Equity Trust
|
0.50%
|
0.90%
|
|
Delaware
Large Cap Growth Trust
|
0.40%
|
0.70%
|
|
Delaware
Small Cap Growth Trust
|
0.53%
|
0.80%
|
Effective
October 20, 2009:
On August
19, 2009, the Board of Trustees of Delaware Group Foundation Funds approved
changing the names of the Funds as set forth below to be effective October 20,
2009:
|
Current
Names
|
New
Names
|
|
Delaware
Aggressive Allocation Portfolio
|
Delaware
Foundation®
Growth Allocation Fund
|
|
Delaware
Moderate Allocation Portfolio
|
Delaware
Foundation®
Moderate Allocation Fund
|
|
Delaware
Conservative Allocation Portfolio
|
Delaware
Foundation®
Conservative Allocation Fund
|
No
modifications to the current investment strategy or management style of the
funds accompany the name changes.
* * *
*
You do
not need to make any changes to your account as a result of these changes.
However, you may wish to review your account to ensure your current investment
selections are right for you.
If you
wish to review your current allocations or obtain general information about your
plan, visit Nolan’s website at: www.nolanlink.com, or
call Nolan’s Deferred Compensation Customer Service Line at
1.888.907.8633.
All of
the internet website addresses are provided for your
convenience. None of the information contained in such websites shall
be deemed incorporated by reference in this document.
The
issuer has filed a registration statement (including a prospectus) with the SEC
for the offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement and other documents
the issuer has filed with the SEC for more complete information about the issuer
and this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov or on the Investor
Relations page of Lincoln National Corporation’s website at www.lincolnfinancial.com. Alternatively,
the issuer will arrange to send you the prospectus if you request it by calling
Nolan’s Deferred Compensation Customer Service Line at
1.888.907.8633.