Exhibit p

LINCOLN NATIONAL CORPORATION ORGANIZATIONAL CHART

Lincoln National Corporation (“LNC”) (Dom: Indiana; Function: Holding Company)

• First Penn-Pacific Life Insurance Company (Dom: Indiana; Function: Insurance Company)

• Jefferson-Pilot Investments, Inc. (Dom: North Carolina; Function: Real Estate)

• Lincoln Investment Management Company (Dom: Delaware; Function: Investment Advisor)

• Lincoln Financial Reinsurance Company of Vermont (Dom: Vermont; Function: Reinsurance Captive)

• Lincoln Financial Securities Corporation (Dom: New Hampshire; Function: Broker/Dealer/Investment Advisor)

o JPSC Insurance Services, Inc. (Dom: New Hampshire; Function: Insurance Agency)

• Lincoln Financial Limited Liability Company I (Dom: Delaware; Function: General Business Co.)

• Lincoln National Management Corporation (Dom: Pennsylvania; Function: Management Co.)

• Lincoln National Reinsurance Company (Barbados) Limited (Dom: Barbados; Function: Reinsurance Co.)

• Lincoln Insurance Services Limited (Dom: England; Function: Holding Co.)

o Lincoln SBP Trustee Limited (Dom: England)

• The Lincoln National Life Insurance Company (“LNL”) (Dom: Indiana; Function: Insurance Company)

o California Fringe Benefit and Insurance Marketing Corporation (Dom: California; Function: Insurance Agency)

o LFA, Limited Liability Company (Dom: Indiana; Function: Insurance Agency)

o LFD Insurance Agency, Limited Liability Company (Dom: Delaware; Function: Insurance Agency)

o Lincoln Financial Distributors, Inc. (Dom: Connecticut; Function: Broker/Dealer)

o Lincoln Investment Advisors Corporation (Dom: Tennessee; Function: Investment Advisor)

o Lincoln Financial Advisors Corporation (Dom: Indiana; Function: Broker/Dealer/Investment Advisor)

◾ LFA Management Corporation (Dom: Pennsylvania; Function: Management Co.)

o Lincoln Investment Solutions, Inc. (Dom: Delaware; Function: Investment Holdings)

o Lincoln Life & Annuity Company of New York (Dom: New York; Function: Insurance Company)

o Westfield Assigned Benefits Company (Dom: Ohio; Function: Insurance Agency)

o Lincoln Reinsurance Company of South Carolina (Dom: South Carolina; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont I (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont III (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont IV (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont V (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont VI (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Reinsurance Company of Vermont VII (Dom: Vermont; Function: Reinsurance Captive)

o Lincoln Retirement Services Company, LLC (Dom: Indiana; Function: Recordkeeping)

◾ Lincoln Financial Group Trust Company, Inc. (Dom: New Hampshire; Function: Trust Company)

o Lincoln Assignment Corporation (Dom: Delaware; Function: Structured Settlements)

*All ownership 100%.