Exhibit 28(d)(30)

                                    FORM OF

______, 2012

Lincoln Variable Insurance Products Trust
1300 South Clinton Street
Fort Wayne, Indiana 46802

RE:  Advisory Fee Waiver Agreement - LVIP BlackRock Emerging Markets Index RPM
     Fund

Ladies and Gentlemen:

This letter agreement (the "Agreement") confirms the advisory fee waiver
between Lincoln Variable Insurance Products Trust (the "Trust"), on behalf of
the LVIP BlackRock Emerging Markets Index RPM Fund (the "Fund"), and Lincoln
Investment Advisors Corporation (the "Adviser") with respect to the portfolio
management of the Fund.

    1. Advisory Expense Waiver. The Adviser has agreed to waive a portion of
       the advisory fee payable to the Adviser under the Investment Management
       Agreement, effective ______, 2012 ("Investment Management Agreement"),
       between the Fund and the Adviser, as set forth in the attached
       Schedule A.

    2. Term and Termination. This Agreement shall become effective on ______,
       2012 and shall continue for an initial term ending April 30, 2014. The
       Agreement shall renew automatically for one-year terms unless the Trust
       or the Adviser provides written notice of the termination of the
       Agreement at least 10 days prior to the end of the then current term.

    3. Governing Law. This Agreement shall be governed by, and construed in
       accordance with, the laws of the State of Delaware, provided that
       nothing in this Agreement shall be construed in a manner inconsistent
       with the Investment Company Act of 1940, as amended, or the Investment
       Advisers Act of 1940, as amended.

1170655/2                       LVIP BlackRock Emerging Markets Index RPM Fund



Please indicate your approval of this Agreement by signing and returning a copy
of this letter to the Fund.

Sincerely,

LINCOLN INVESTMENT ADVISORS CORPORATION

----------------------------------
Name:
Title:

Agreed to:

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST,
ON BEHALF OF THE LVIP BLACKROCK EMERGING MARKETS INDEX RPM FUND

----------------------------------
Name:
Title:

1130681/2                       LVIP BlackRock Emerging Markets Index RPM Fund



                                  SCHEDULE A
                                  -----------

     AVG. DAILY NET ASSETS OF THE FUND                       WAIVER AMOUNT*
     ---------------------------------                       --------------
     All Assets of the Fund                                       0.05%

*  These amounts are stated on an annual basis.

1130681/2                       LVIP BlackRock Emerging Markets Index RPM Fund