LINCOLN CLASSIC^SM FLEX FIXED ANNUITY

Overview

Lincoln Classic^SM Flex Fixed Annuity is a flexible premium fixed annuity and offers a number of features to help you meet your retirement income needs. Initial interest rates are guaranteed for one year, and are renewed annually.

Refer to the Key Features section (above) for more detailed information.

Important Disclosures. Please Read.

Products and features are subject to state availability.

Taxes are due upon withdrawal, and if withdrawn before age 59 1/2, may be subject to a 10% IRS penalty.

Lincoln Classic^SM Flex flexible premium deferred annuity (contract form 04-601, or state variation) is a fixed annuity issued by The Lincoln National Life Insurance Company, Fort Wayne, IN. The Lincoln National Life Insurance Company is not authorized nor does it solicit business in the state of New York. Contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company.

Contracts sold in New York are issued on contract form 04-601NY by Lincoln Life & Annuity Company of New York, Syracuse, NY. The contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.

LCN-2008251fa