Filed
Pursuant to Rule 433
Registration
No. 333-131943
November
5, 2009
The
following information is a Summary of Material Modifications/Notice of changes
relating to certain investment options for The Lincoln National Life Insurance
Company Agents’ Savings and Profit-Sharing Plan (“Plan”). More
information about each of the investment options offered under the Plan (except
for the LNC Stock Fund) can be obtained by logging into your 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.
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
Foundation 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 the Lincoln
Alliance®
website at: www.LincolnAlliance.com,
or call the Customer Service Center at 1.800.234.3500.
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 Web site at www.sec.gov. Alternatively,
the issuer will arrange to send you the prospectus if you request it by
calling the Lincoln Alliance Customer Service Center at 800.234.3500.