04/16/2024 | Press release | Distributed by Public on 04/16/2024 12:23
Item
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Page
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Special Terms
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4
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Important Information You Should Consider About the Lincoln Investor Advantage®Pro Advisory Choice Variable Annuity
Contract
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6
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Overview of the Contract
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8
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Fee Tables
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9
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Principal Risks
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10
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Investments of the Variable Annuity Account
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12
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Charges and Other Deductions
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15
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The Contracts
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17
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Purchase Payments
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18
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Transfers On or Before the Annuity Commencement Date
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19
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Surrenders and Withdrawals
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22
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Benefits Available Under the Contract
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24
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Death Benefits
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25
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i4LIFE®Advantage
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30
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Annuity Payouts
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35
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Fixed Side of the Contract
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37
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Distribution of the Contracts
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38
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Federal Tax Matters
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39
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Additional Information
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45
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Voting Rights
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45
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Return Privilege
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45
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State Regulation
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46
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Records and Reports
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46
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Legal Proceedings
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46
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Appendix A - Funds Available Under The Contract
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A-1
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Appendix B - Investment Requirements
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B-1
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FEES AND EXPENSES
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Location in
Prospectus
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Charges for Early
Withdrawals
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There are no surrender charges associated with this Contract.
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•N/A
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Transaction
Charges
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There are no sales charges associated with the Contract.
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•N/A
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Ongoing Fees and
Expenses (annual
charges)
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Minimum and Maximum Annual Fee Table. The table below describes the fees and
expenses that you may pay each year, depending on the options you choose. Please
refer to your contract specifications page for information about the specific fees you will
pay each yearbased on the options you have elected. These charges do not reflect any
advisory fees paid to a financial intermediary from Contract Value or other assets of the
Contractowner. If such charges were reflected, the ongoing fees and expense would be
higher.
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•Fee Tables
•Examples
•Charges and
Other
Deductions
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Annual Fee
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Minimum
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Maximum
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Base Contract
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0.00%1
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0.00%1
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Investment options (fund fees and
expenses)
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0.48%1
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4.57%1
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Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
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0.25%2
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1.70%3
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1As a percentage of average Account Value in the Subaccounts.
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||
2 As a percentage of the Contract Value.
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3 As a percentage of the greater of the Contract Value or the sum of all
Purchase Payments (as adjusted for withdrawals).
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Lowest and Highest Annual Cost Table. Because your Contract is customizable, the
choices you make affect how much you will pay. To help you understand the cost of
owning your Contract, the following table shows the lowest and highest cost you could
pay each year, based on current charges. This estimate assumes that you do not take
withdrawals from the Contract.
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||
Lowest Annual Cost: $844
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Highest Annual Cost: $6,506
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Assumes:
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Assumes:
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•Investment of $100,000
•5% annual appreciation
•Least expensive fund fees and
expenses
•No optional benefits
•No additional Purchase Payments,
transfers, or withdrawals
•No sales charges or advisory fees
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•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
optional benefits and fund fees and
expenses
•No additional Purchase Payments,
transfers, or withdrawals
•No sales charges or advisory fees
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RISKS
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Location in
Prospectus
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Risk of Loss
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•You can lose money by investing in this Contract, including loss of principal.
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•Principal Risks
•Investments of
the Variable
Annuity
Account
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RISKS
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Location in
Prospectus
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Not a Short-Term
Investment
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•This Contract is not designed for short-term investing and may not be appropriate for
the investor who needs ready access to cash.
•The benefits of tax deferral, long-term income, and living benefit protections mean
the Contract is more beneficial to investors with a long-term investment horizon.
•Withdrawals are subject to ordinary income tax and may be subject to tax penalties.
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•Principal Risks
•Surrender and
Withdrawals
•Fee Tables
•Living Benefit
Riders
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Risks Associated
with Investment
Options
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•An investment in this Contract is subject to the risk of poor investment performance
of the investment options you choose. Performance can vary depending on the
performance of the investment options available under the Contract.
•Each investment option (including the fixed account option) has its own unique risks.
•You should review the investment options before making an investment decision.
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•Principal Risks
•Investments of
the Variable
Annuity
Account
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Insurance
Company Risks
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•An investment in the Contract is subject to the risks related to Lincoln Life. Any
obligations (including under the fixed account option), guarantees, or benefits of the
Contract are subject to our claims-paying ability. If we experience financial distress,
we may not be able to meet our obligations to you. More information about Lincoln
Life, including our financial strength ratings, is available upon request by calling 1-
800-454-6265 or visiting www.LincolnFinancial.com.
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•Principal Risks
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RESTRICTIONS
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Location in
Prospectus
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Investments
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•We reserve the right to remove or substitute any funds as investment options that
are available under the Contract.
•You are generally restricted to no more than 12 transfers between investment options
per Contract Year. Your ability to transfer between investment options may also be
restricted as a result of Investment Requirements if you have elected an optional
benefit.
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•Principal Risks
•Investments of
the Variable
Annuity
Account
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Optional Benefits
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•Optional benefits may limit or restrict the investment options that you may select
under the Contract. We may change these restrictions in the future.
•Optional benefit availability may vary by state of issue by state of issue or selling
broker-dealer.
•Excess Withdrawals may reduce the value of an optional benefit by an amount
greater than the value withdrawn or result in termination of the benefit.
•You are required to have a certain level of Contract Value for new elections of i4LIFE®
Advantage.
•We may modify or stop offering an optional benefit that is currently available at any
time.
•If you elect certain optional benefits, you may be limited in the amount of Purchase
Payments that you can make (and when).
•If you elect to pay third-party advisory fees out of your Contract Value, this deduction
may reduce the Death Benefit(s) and other guaranteed benefits, and may be subject
to federal and state income taxes and a 10% federal penalty tax.
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•The Contracts
•Living Benefit
Riders
•Death Benefits
•Advisory Fee
Withdrawals
•Federal Tax
Matters -
Payment of
Investment
Advisory Fees
•Appendix B -
Investment
Requirements
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TAXES
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Location in
Prospectus
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Tax Implications
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•Consult with a tax professional to determine the tax implications of an investment in
and payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or IRA, you do not get any
additional tax benefit under the Contract.
•Earnings on your Contract are taxed at ordinary income tax rates when you withdraw
them, and you may have to pay a penalty if you take a withdrawal before age 59½.
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•Federal Tax
Matters
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CONFLICTS OF INTEREST
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Location in
Prospectus
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Exchanges
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•You should only exchange your contract if you determine, after comparing the
features, fees, and risks of both contracts, that it is better for you to purchase the
new Contract rather than continue to own your existing contract.
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•The Contracts -
Replacement
of Existing
Insurance
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There are nosales charges, deferred sales charges, or surrender charges associated with this Contract.
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Administrative Expense (Annual Account Fee):1
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$20monthly ($240 annually)
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Base Contract Expense (as a percentage of average Account Value in the Subaccounts):2
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Account Value Death Benefit
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0.00%
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Optional Benefit Expenses
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Guarantee of Principal Death Benefit:3
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Guaranteed Maximum Annual Charge
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1.40%
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Current Annual Charge
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0.25%
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Earnings Optimizer Death Benefit:3, 4
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Guaranteed Maximum Annual Charge
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Age at Issue - 1 - 69
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1.40%
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Age at Issue - 70 - 75
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1.70%
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Current Annual Charge
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Age at Issue - 1 - 69
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0.30%
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Age at Issue - 70 - 75
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0.70%
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i4LIFE®Advantage:5
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0.40%
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Annual Fund Expenses
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Minimum
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Maximum
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Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses before reimbursements.
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0.48
%
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4.57
%
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Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses after any waivers or expense reimbursements.1
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0.48
%
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2.41
%
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1 year
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3 years
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5 years
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10 years
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$6,879
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$20,388
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$33,565
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$65,052
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1 year
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3 years
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5 years
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10 years
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$6,879
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$20,388
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$33,565
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$65,052
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Age at Issue
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Current Annual Rate
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1 - 69*
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0.30%
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70 - 75
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0.70%
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Standard Benefits
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|||
Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of Restrictions /
Limitations
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Account Value Death
Benefit
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Provides a Death Benefit equal to the
Contract Value.
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•0.00%
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•Poor investment performance could
significantly reduce the benefit.
•Withdrawals could significantly reduce
the benefit.
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Dollar-Cost Averaging
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Allows you to automatically transfer
amounts between certain investment
options on a monthly basis.
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None
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•Minimum amount to be dollar cost
averaged is $1,500 over any time period
between 3 and 60 months.
•Cannot be used simultaneously with
portfolio rebalancing.
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Portfolio Rebalancing
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Allows you to automatically reallocate your
Contract Value among investment options
on a periodic basis based on your standing
allocation instructions.
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None
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•Cannot be used simultaneously with
dollar cost averaging.
•Not available for amounts allocated to
Lincoln Defined Outcome Funds.
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Automatic Withdrawal
Service
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Allows you to take periodic withdrawals
from your Contract automatically.
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None
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•Automatically terminates once i4LIFE®
Advantage begins.
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Advisory Fee
Withdrawals
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Allows you to take withdrawals from your
Contract to pay the advisory fees.
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None
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•May not be available in all states.
•You may take Advisory Fee Withdrawals
up to 1.25% annually without negatively
impacting your rider guarantees.
•The deduction of advisory fees from
Contract Value may reduce the Death
Benefit and other guaranteed benefits
(unless the requirements listed above are
met), and may be subject to federal and
state income taxes and a 10% federal
penalty tax.
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Optional Benefits - Available for Election
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|||
Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of Restrictions /
Limitations
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Guarantee of Principal
Death Benefit
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Provides a Death Benefit equal to the greater
of (1) Contract Value; (2) all Purchase
Payments, adjusted for withdrawals.
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•1.40%
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•Not available if age 86 or older at the
time of issuance.
•Withdrawals could significantly reduce
the benefit.
•Additional Purchase Payments may be
subject to restrictions.
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Earnings Optimizer
Death Benefit
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Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals; (3) the current Contract Value
we approve the claim equal to the
Enhancement Rate multiplied by the lesser
of the contract earnings or earnings limit.
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•1.70%
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•Investment Requirements apply.
•Withdrawals could significantly reduce
the benefit.
•Poor investment performance could
significantly reduce and limit potential
increases to the contract earnings.
•Additional Purchase Payments may be
subject to restrictions.
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Optional Benefits - Available for Election
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|||
Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of Restrictions /
Limitations
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i4LIFE®Advantage
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Provides:
•Variable periodic Regular Income
Payments for life.
•The ability to make additional
withdrawals and surrender the Contract
during the Access Period.
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•0.40% in addition to
your base contract
expense
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•Withdrawals could significantly reduce or
terminate the benefit.
•Restrictions apply to the length of the
Access Period.
•Additional Purchase Payments may be
subject to restrictions.
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upon death of:
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and...
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and...
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Death Benefit proceeds pass to:
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Contractowner
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There is a surviving joint owner
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The Annuitant is living or deceased
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Joint owner
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Contractowner
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There is no surviving joint owner
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The Annuitant is living or deceased
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Designated Beneficiary
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Contractowner
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There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
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The Annuitant is living or deceased
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Contractowner's estate
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Annuitant
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The Contractowner is living
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There is no contingent Annuitant
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The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
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Annuitant
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The Contractowner is living
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The contingent Annuitant is living
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Contingent Annuitant becomes the
Annuitant and the Contract
continues
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Annuitant
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The Contractowner is a trust or
other non-natural person**
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No contingent Annuitant allowed
with non-natural Contractowner
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Designated Beneficiary
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Contract Value on Valuation Date the death claim is approved
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$12,500
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Contract Value on the date of death
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$12,000
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Contract earnings
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$2,000
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Covered earnings limit
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$20,000
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The enhancement rate is multiplied by the lesser of the contract earnings amount ($2,000) or the
covered earnings limit amount ($20,000)
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$800 (40% x $2,000)
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Total Death Benefit amount
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$13,300 ($12,500 + $800)
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Minimum Access Period
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Maximum Access Period
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i4LIFE®Advantage for new elections on
and after November 20, 2023
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10 years
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The length of time between your age and
age 115 for nonqualified contracts;
age 100 for qualified contracts
|
i4LIFE®Advantage for elections prior to
November 20, 2023
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5 years
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The length of time between your age and
age 115 for nonqualified contracts;
age 100 for qualified contracts
|
i4LIFE®Advantage with the
Guarantee of Principal Death Benefit
|
Longer of 20 years or the difference
between your current age and age 90
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To age 115 for nonqualified contracts;
to age 100 for qualified contracts
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i4LIFE®Advantage with the
Earnings Optimizer Death Benefit
|
Longer of 20 years or the difference
between your current age and age 90
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To age 115 for nonqualified contracts;
to age 100 for qualified contracts
|
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Tier 1
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Tier 2
|
Minimum Threshold Value
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$500,000
|
$1,000,000
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Credit Percentage (Annually)
|
0.10%
|
0.20%
|
Credit Percentage (Quarterly)
|
0.025%
|
0.050%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
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1 year
|
5 year
|
10 year
|
Maximize total return.
|
ALPS Global Opportunity Portfolio -
Class III
|
2.41%2
|
28.80%
|
11.63%
|
N/A
|
investment results that correspond
(before fees and expenses) generally to
the price and yield performance of its
underlying index, the Alerian Midstream
Energy Select Index.
|
ALPS/Alerian Energy Infrastructure
Portfolio - Class III
|
1.30%2
|
13.91%
|
10.67%
|
2.70%
|
High total return (including income and
capital gains) consistent with
preservation of capital over the long
term.
|
American Funds Asset Allocation Fund -
Class 4
|
0.80%
|
14.02%
|
8.92%
|
6.98%
|
Seeks to provide a level of current
income that exceeds the average yield
on U.S. stocks generally and to provide
a growing stream of income over the
years.
|
American Funds Capital Income
Builder®- Class 4
|
0.78%2
|
8.75%
|
7.18%
|
N/A
|
Long-term growth of capital.
|
American Funds Global Growth Fund -
Class 4
|
0.91%2
|
22.29%
|
13.36%
|
9.30%
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 4
|
1.16%2
|
15.79%
|
8.03%
|
5.51%
|
Growth of capital.
|
American Funds Growth Fund - Class 4
|
0.84%
|
38.13%
|
18.38%
|
14.07%
|
Long-term growth of capital and income.
|
American Funds Growth-Income Fund -
Class 4
|
0.78%
|
25.82%
|
13.08%
|
10.63%
|
Long-term growth of capital.
|
American Funds International Fund -
Class 4
|
1.03%
|
15.56%
|
4.58%
|
3.15%
|
To provide current income and
preservation of capital.
|
American Funds Mortgage Fund - Class
4
|
0.82%2
|
3.51%
|
0.57%
|
1.24%
|
Long-term capital appreciation.
|
American Funds New World Fund®-
Class 4
|
1.07%2
|
15.67%
|
8.37%
|
4.43%
|
To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing.
|
American Funds Washington Mutual
Investors Fund - Class 4
|
0.77%2
|
16.97%
|
12.33%
|
9.64%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
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1 year
|
5 year
|
10 year
|
Capital Appreciation.
|
ClearBridge Variable Growth Portfolio -
Class II
(formerly ClearBridge Variable
Aggressive Growth Portfolio)
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.10%
|
24.13%
|
8.05%
|
6.38%
|
Long-term growth of capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.01%
|
43.66%
|
15.22%
|
N/A
|
Long-term growth of capital.
|
ClearBridge Variable Mid Cap Portfolio -
Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.08%
|
12.62%
|
10.46%
|
6.83%
|
Total return.
|
Columbia VP Commodity Strategy Fund
- Class 2
|
1.01%2
|
-7.14%
|
9.08%
|
-0.97%
|
High total return through current income
and, secondarily, through capital
appreciation.
|
Columbia VP Emerging Markets Bond
Fund - Class 2
|
1.00%2
|
10.02%
|
1.57%
|
2.20%
|
Total return, consisting of current
income and capital appreciation.
|
Columbia VP Strategic Income Fund -
Class 2
|
0.94%2
|
9.20%
|
2.91%
|
2.99%
|
To provide a high level of current
income.
|
Eaton Vance VT Floating-Rate Income
Fund - Initial Class
|
1.17%
|
11.21%
|
4.13%
|
3.22%
|
Income and capital growth consistent
with reasonable risk.
|
Fidelity®VIP Balanced Portfolio -
Service Class 2
|
0.69%
|
21.29%
|
12.16%
|
8.81%
|
Capital appreciation.
|
Fidelity®VIP Consumer Discretionary
Portfolio - Service Class 2
|
0.87%
|
N/A
|
N/A
|
N/A
|
Capital appreciation.
|
Fidelity®VIP Consumer Staples
Portfolio - Service Class 2
|
0.87%
|
N/A
|
N/A
|
N/A
|
Long-term capital appreciation.
|
Fidelity®VIP Contrafund®Portfolio -
Service Class 2
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
Capital appreciation.
|
Fidelity®VIP Financials Portfolio -
Service Class 2
|
0.88%
|
N/A
|
N/A
|
N/A
|
To achieve capital appreciation.
|
Fidelity®VIP Growth Portfolio - Service
Class 2
|
0.83%
|
35.89%
|
19.34%
|
14.51%
|
Long-term growth of capital.
|
Fidelity®VIP Mid Cap Portfolio - Service
Class 2
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
High level of current income, and may
also seek capital appreciation.
|
Fidelity®VIP Strategic Income Portfolio
- Service Class 2
|
0.90%
|
9.18%
|
3.47%
|
3.10%
|
Capital appreciation.
|
Fidelity®VIP Technology Portfolio -
Service Class 2
|
0.87%
|
N/A
|
N/A
|
N/A
|
To provide long-term capital
appreciation.
|
First Trust Capital Strength Hedged
Equity Portfolio - Class I
|
1.25%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust Capital Strength Portfolio -
Class I
|
1.10%2
|
7.75%
|
N/A
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To provide total return. A fund of funds.
|
First Trust Dorsey Wright Tactical Core
Portfolio - Class I
|
1.30%2
|
11.28%
|
7.15%
|
N/A
|
To provide long-term capital
appreciation.
|
First Trust Growth Strength Portfolio -
Class I
|
1.20%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust International Developed
Capital Strength Portfolio - Class I
|
1.20%2
|
16.90%
|
N/A
|
N/A
|
To maximize current income, with a
secondary objective of capital
appreciation.
|
First Trust Multi Income Allocation
Portfolio - Class I
|
1.14%2
|
8.94%
|
6.25%
|
N/A
|
To provide total return by allocating
among dividend-paying stocks and
investment grade bonds.
|
First Trust/Dow Jones Dividend &
Income Allocation Portfolio - Class I6
|
1.19%
|
10.51%
|
7.23%
|
6.53%
|
Capital appreciation with income as a
secondary objective.
|
Franklin Allocation VIP Fund - Class 4
|
0.92%2
|
14.62%
|
7.44%
|
4.64%
|
To maximize income while maintaining
prospects for capital appreciation.
|
Franklin Income VIP Fund - Class 4
|
0.81%2
|
8.55%
|
6.88%
|
4.90%
|
Long-term capital appreciation;
preservation of capital is also an
important consideration.
|
Franklin Rising Dividends VIP Fund -
Class 4
|
1.00%2
|
11.99%
|
13.64%
|
10.12%
|
Long-term total return.
|
Franklin Small Cap Value VIP Fund -
Class 4
|
1.01%2
|
12.67%
|
10.97%
|
6.94%
|
Long-term capital growth.
|
Franklin Small-Mid Cap Growth VIP
Fund - Class 4
|
1.18%2
|
26.70%
|
13.41%
|
8.86%
|
Long-term capital appreciation.
|
Guggenheim VT Long Short Equity
advised by Security Investors, LLC
|
1.92%
|
12.75%
|
5.76%
|
3.32%
|
To seek long-term capital appreciation
with less risk than traditional equity
funds.
|
Guggenheim VT Multi-Hedge Strategies
advised by Security Investors, LLC
|
1.75%2
|
4.37%
|
4.21%
|
2.52%
|
Capital Appreciation.
|
Invesco Oppenheimer V.I. International
Growth Fund - Series II Shares
|
1.25%2
|
20.64%
|
8.43%
|
3.57%
|
Capital growth and income.
|
Invesco V.I. Comstock Fund - Series II
Shares
|
1.00%
|
12.10%
|
13.20%
|
8.65%
|
To seek to provide reasonable current
income and long-term growth of income
and capital.
|
Invesco V.I. Diversified Dividend Fund -
Series II Shares
|
0.93%
|
8.77%
|
9.53%
|
7.53%
|
Both capital appreciation and current
income.
|
Invesco V.I. Equity and Income Fund -
Series II Shares
|
0.82%
|
10.24%
|
9.64%
|
6.78%
|
Long-term growth of capital.
|
Invesco V.I. EQV International Equity
Fund - Series II Shares
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Capital Appreciation.
|
Invesco V.I. Main Street Small Cap
Fund®- Series II Shares
|
1.13%
|
17.82%
|
12.79%
|
8.66%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Seeks, over a specified annual period
(an "Outcome Period"), to provide
returns that track those of the Invesco
QQQ TrustSM, Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund -
Service Class
|
1.20%2
|
36.33%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an "Outcome Period"), to provide
returns that track those of the Invesco
QQQ TrustSM, Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund 2 -
Service Class
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.21%2
|
26.35%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an "Outcome Period"), to provide
returns that track those of the Invesco
QQQ TrustSM, Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund 3 -
Service Class
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.20%2
|
32.73%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an "Outcome Period"), to provide
returns that track those of the Invesco
QQQ TrustSM, Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund 4 -
Service Class
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.20%2
|
31.67%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund - Service Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
13.00%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund 2 - Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.05%2
|
15.65%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund 3 - Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.05%2
|
11.39%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund 4 - Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.04%2
|
10.69%
|
N/A
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund - Service
Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
16.63%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund 2 -
Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.05%2
|
17.35%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund 3 -
Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.05%2
|
17.46%
|
N/A
|
N/A
|
Over a specified annual period (an
"Outcome Period"), to provide returns
that track those of the S&P 500 Price
Return Index ("Index") up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund 4 -
Service Class4
This fund is not available in contracts
issued on or after November 20, 2023.
|
1.05%2
|
14.80%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an "Outcome Period"), to provide
returns that track those of the Invesco
QQQ TrustSM, Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Opportunistic Hedged Equity
Fund - Service Class
|
1.05%2
|
N/A
|
N/A
|
N/A
|
To seek high current income and the
opportunity for capital appreciation to
produce a high total return.
|
Lord Abbett Series Fund Bond
Debenture Portfolio - Class VC
|
0.90%
|
6.55%
|
3.14%
|
3.49%
|
To seek high level of income consistent
with preservation of capital.
|
Lord Abbett Series Fund Short Duration
Income Portfolio - Class VC
|
0.85%
|
5.05%
|
1.69%
|
N/A
|
Long-term capital growth.
|
LVIP AllianceBernstein Large Cap
Growth Fund - Service Class
(formerly LVIP T. Rowe Price Growth
Stock Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
45.95%
|
13.04%
|
11.39%
|
A balance between a high level of
current income and growth of capital,
with an emphasis on growth of capital. A
fund of funds.
|
LVIP American Balanced Allocation Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
13.27%
|
7.63%
|
5.72%
|
Long-term capital growth and current
income by investing approximately 60%
of its assets in equity securities and the
remainder in bonds and other fixed-
income securities.
|
LVIP American Century Balanced Fund -
Service Class
(formerly American Century VP
Balanced Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%2
|
16.12%
|
8.20%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital growth.
|
LVIP American Century Capital
Appreciation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.94%2
|
20.55%
|
13.09%
|
N/A
|
Capital growth; income is a secondary
consideration.
|
LVIP American Century Disciplined Core
Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.96%2
|
8.24%
|
9.92%
|
7.92%
|
Long-term total return using a strategy
that seeks to protect against U.S.
inflation.
|
LVIP American Century Inflation
Protection Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.77%2
|
3.40%
|
2.65%
|
1.90%
|
Capital growth.
|
LVIP American Century International
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.10%2
|
12.43%
|
8.12%
|
3.91%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Large Company
Value Fund - Service Class
(formerly American Century VP Large
Company Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.85%2
|
3.78%
|
10.37%
|
7.58%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Mid Cap Value
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.01%2
|
6.03%
|
10.90%
|
8.61%
|
Long-term capital growth.
|
LVIP American Century Ultra Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.90%2
|
43.27%
|
19.07%
|
14.47%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth; income is a
secondary consideration.
|
LVIP American Century Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.86%2
|
9.02%
|
11.71%
|
8.36%
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds.
|
LVIP American Growth Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.94%2
|
14.55%
|
8.17%
|
6.12%
|
Current income, consistent with the
preservation of capital. A fund of funds.
|
LVIP American Preservation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
3.74%
|
0.98%
|
1.00%
|
Capital Appreciation.
|
LVIP Baron Growth Opportunities Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
High total investment return.
|
LVIP BlackRock Global Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
13.35%
|
N/A
|
N/A
|
To maximize real return, consistent with
preservation of real capital and prudent
investment management.
|
LVIP BlackRock Inflation Protected Bond
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.88%
|
4.81%
|
2.90%
|
1.93%
|
Total return through a combination of
current income and long-term capital
appreciation.
|
LVIP BlackRock Real Estate Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.07%2
|
12.79%
|
4.50%
|
3.59%
|
Seeks long-term capital appreciation.
|
LVIP Channing Small Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.13%
|
19.65%
|
N/A
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional International Core
Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
15.72%
|
7.72%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 1
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
22.36%
|
14.59%
|
10.69%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 2
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
21.35%
|
14.45%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Emerging Markets Equity Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
9.76%
|
2.86%
|
1.34%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
International Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.66%2
|
18.62%
|
6.47%
|
4.13%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Large Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
17.09%
|
12.53%
|
9.79%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
SMID Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
15.25%
|
11.14%
|
6.89%
|
Current income while (i)maintaining a
stable value of your shares (providing
stability of net asset value) and (ii)
preserving the value of your initial
investment (preservation of capital).
|
LVIP Government Money Market Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
4.48%
|
1.46%
|
0.87%
|
To maximize total return by investing
primarily in a diversified portfolio of
intermediate- and long-term debt
securities.
|
LVIP JPMorgan Core Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
5.66%
|
1.04%
|
1.56%
|
A high level of current income; capital
appreciation is the secondary objective.
|
LVIP JPMorgan High Yield Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.49%
|
4.69%
|
3.73%
|
Capital appreciation with the secondary
goal of achieving current income by
investing in equity securities.
|
LVIP JPMorgan Mid Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.99%
|
N/A
|
N/A
|
N/A
|
Capital growth over the long term.
|
LVIP JPMorgan Small Cap Core Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.03%
|
12.80%
|
9.12%
|
6.81%
|
High total return.
|
LVIP JPMorgan U.S. Equity Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.94%
|
26.84%
|
16.86%
|
12.15%
|
To provide investment results over a full
market cycle that, before fees and
expenses, are superior to an index that
tracks global equities.
|
LVIP Loomis Sayles Global Growth Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
1.12%2
|
36.38%
|
13.28%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Maximum current income (yield)
consistent with a prudent investment
strategy.
|
LVIP Macquarie Bond Fund - Service
Class3
(formerly LVIP Delaware Bond Fund)
advised by Lincoln Financial Investments
Corporation
|
0.72%
|
5.57%
|
1.14%
|
1.64%
|
Total return.
|
LVIP Macquarie Diversified Floating Rate
Fund - Service Class3
(formerly LVIP Delaware Diversified
Floating Rate Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
5.31%
|
2.13%
|
1.43%
|
Maximum long-term total return
consistent with reasonable risk.
|
LVIP Macquarie Diversified Income Fund
- Service Class3
(formerly LVIP Delaware Diversified
Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.84%2
|
5.94%
|
1.75%
|
1.80%
|
Total return and, as a secondary
objective, high current income.
|
LVIP Macquarie High Yield Fund -
Service Class3
(formerly LVIP Delaware High Yield
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
12.34%
|
5.19%
|
3.25%
|
Maximum total return, consistent with
reasonable risk.
|
LVIP Macquarie Limited-Term Diversified
Income Fund - Service Class3
(formerly LVIP Delaware Limited-Term
Diversified Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.83%2
|
4.68%
|
1.56%
|
1.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Mid Cap Value Fund -
Service Class3
(formerly LVIP Delaware Mid Cap Value
Fund)
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
10.86%
|
11.49%
|
8.24%
|
Long-term capital appreciation.
|
LVIP Macquarie SMID Cap Core Fund -
Service Class3
(formerly LVIP Delaware SMID Cap Core
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.10%2
|
16.10%
|
11.91%
|
8.06%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Social Awareness Fund -
Service Class3
(formerly LVIP Delaware Social
Awareness Fund)
advised by Lincoln Financial Investments
Corporation
|
0.80%
|
29.72%
|
15.45%
|
10.93%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital appreciation.
|
LVIP Macquarie U.S. Growth Fund -
Service Class3
(formerly LVIP Delaware U.S. Growth
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%
|
47.90%
|
18.02%
|
12.22%
|
Maximum long-term total return, with
capital appreciation as a secondary
objective.
|
LVIP Macquarie U.S. REIT Fund -
Service Class3
(formerly LVIP Delaware U.S. REIT
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.13%2
|
12.24%
|
6.14%
|
5.94%
|
Long-term capital appreciation.
|
LVIP Macquarie Value Fund - Service
Class3
(formerly LVIP Delaware Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.98%
|
3.18%
|
7.78%
|
7.54%
|
Long-term capital appreciation.
|
LVIP MFS International Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.05%2
|
14.42%
|
9.55%
|
6.31%
|
Capital Appreciation.
|
LVIP MFS Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
7.80%
|
11.10%
|
8.30%
|
Current income consistent with the
preservation of capital.
|
LVIP Mondrian Global Income Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.90%2
|
3.76%
|
-1.16%
|
0.01%
|
Long-term capital appreciation as
measured by the change in the value of
fund shares over a period of three years
or longer.
|
LVIP Mondrian International Value Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
1.00%2
|
19.81%
|
5.77%
|
3.19%
|
To seek a high level of current income
consistent with preservation of capital.
|
LVIP PIMCO Low Duration Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
4.61%
|
1.04%
|
N/A
|
To match as closely as practicable,
before fees and expenses, the
performance of the Bloomberg U.S.
Aggregate Index.
|
LVIP SSGA Bond Index Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.62%2
|
5.03%
|
0.52%
|
1.23%
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP SSGA Conservative Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%2
|
10.46%
|
5.02%
|
3.83%
|
To provide investment results that,
before fees and expenses, correspond
generally to the total return of the MSCI
Emerging Markets Index that tracks
performance of emerging market equity
securities.
|
LVIP SSGA Emerging Markets Equity
Index Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
8.56%
|
2.48%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To approximate as closely as practicable,
before fees and expenses, the
performance of a broad market index of
non-U.S. foreign securities.
|
LVIP SSGA International Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
17.27%
|
7.70%
|
3.76%
|
Seek to approximate as closely as
practicable, before fees and expenses,
the performance of a broad market index
that emphasizes stocks of mid-sized
U.S. companies.
|
LVIP SSGA Mid-Cap Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.60%2
|
15.75%
|
11.94%
|
N/A
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds.
|
LVIP SSGA Moderate Index Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
13.28%
|
7.11%
|
5.07%
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP SSGA Moderately Aggressive Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
14.54%
|
7.77%
|
5.45%
|
Seeks an investment return that
approximates as closely as practicable,
before fees and expenses, the
performance of U.S. common stocks, as
represented by the Nasdaq-100®Index.
|
LVIP SSGA Nasdaq-100 Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.70%2
|
54.11%
|
N/A
|
N/A
|
To approximate as closely as practicable,
before fees and expenses, the total rate
of return of common stocks publicly
traded in the United States, as
represented by the S&P 500 Index.
|
LVIP SSGA S&P 500 Index Fund -
Service Class4
advised by Lincoln Financial Investments
Corporation
|
0.48%
|
25.70%
|
15.12%
|
11.49%
|
To provide investment results that,
before fees and expenses, correspond
generally to the price and yield
performance of an index that tracks the
short-term U.S. corporate bond market.
|
LVIP SSGA Short-Term Bond Index Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
4.91%
|
1.62%
|
N/A
|
To approximate as closely as practicable,
before fees and expenses, the
performance of the Russell 2000®
Index, which emphasizes stocks of small
U.S. companies.
|
LVIP SSGA Small-Cap Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.63%2
|
16.21%
|
9.25%
|
6.47%
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP Structured Conservative Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.85%
|
9.99%
|
4.80%
|
3.71%
|
A balance between a high level of
current income and growth of capital,
with an emphasis on growth of capital. A
fund of funds.
|
LVIP Structured Moderate Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.82%
|
12.81%
|
6.86%
|
4.96%
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP Structured Moderately Aggressive
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.84%
|
13.98%
|
7.42%
|
5.28%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To maximize capital appreciation.
|
LVIP T. Rowe Price Structured Mid-Cap
Growth Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.97%2
|
20.87%
|
13.22%
|
10.54%
|
Total return consistent with the
preservation of capital. A fund of funds.
|
LVIP Vanguard Bond Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.62%
|
5.73%
|
0.33%
|
1.02%
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard Domestic Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.57%2
|
24.91%
|
14.55%
|
10.81%
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard International Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.59%2
|
15.07%
|
6.84%
|
3.74%
|
Capital growth.
|
LVIP Wellington Capital Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.95%2
|
38.35%
|
16.68%
|
13.63%
|
Long-term capital appreciation.
|
LVIP Wellington SMID Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
16.95%
|
12.17%
|
7.44%
|
Maximize total return.
|
LVIP Western Asset Core Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
6.19%
|
0.79%
|
N/A
|
Total return.
|
Macquarie VIP Asset Strategy Series -
Service Class3
(formerly Delaware Ivy VIP Asset
Strategy Portfolio)
advised by Delaware Management
Company
|
0.85%2
|
13.90%
|
8.27%
|
3.48%
|
Long-term capital appreciation.
|
Macquarie VIP Emerging Markets Series
- Service Class3
(formerly Delaware VIP®Emerging
Markets Series)
advised by Delaware Management
Company
|
1.48%2
|
13.45%
|
3.87%
|
2.38%
|
Capital growth and appreciation.
|
Macquarie VIP Energy Series - Service
Class3
(formerly Delaware Ivy VIP Energy
Portfolio)
advised by Delaware Management
Company
|
1.17%2
|
4.06%
|
7.75%
|
-2.41%
|
To seek to provide total return through a
combination of high current income and
capital appreciation.
|
Macquarie VIP High Income Series -
Service Class3
(formerly Delaware Ivy VIP High Income
Portfolio)
advised by Delaware Management
Company
|
0.96%
|
11.95%
|
4.46%
|
3.70%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Growth of capital.
|
Macquarie VIP Mid Cap Growth Series -
Service Class3
(formerly Delaware Ivy VIP Mid Cap
Growth Portfolio)
advised by Delaware Management
Company
|
1.10%2
|
19.59%
|
14.63%
|
10.47%
|
Growth of capital.
|
Macquarie VIP Science and Technology
Series - Service Class3
(formerly Delaware Ivy VIP Science and
Technology Portfolio)
advised by Delaware Management
Company
|
1.15%
|
39.04%
|
17.17%
|
10.87%
|
Growth of capital.
|
Macquarie VIP Small Cap Growth Series
- Service Class3
(formerly Delaware Ivy VIP Small Cap
Growth Portfolio)
advised by Delaware Management
Company
|
1.14%2
|
13.11%
|
7.89%
|
6.28%
|
Capital Appreciation.
|
Macquarie VIP Small Cap Value Series -
Service Class3
(formerly Delaware VIP®Small Cap
Value Series)
advised by Delaware Management
Company
|
1.08%
|
9.10%
|
9.87%
|
6.77%
|
Capital Appreciation.
|
MFS®VIT Growth Series - Service Class
advised by Massachusetts Financial
Services Company
|
0.98%2
|
35.51%
|
15.59%
|
12.69%
|
Capital Appreciation.
|
MFS®VIT II International Intrinsic Value
Portfolio - Service Class
advised by Massachusetts Financial
Services Company
|
1.14%2
|
17.37%
|
8.31%
|
6.66%
|
Total return.
|
MFS®VIT Total Return Series - Service
Class
advised by Massachusetts Financial
Services Company
|
0.86%2
|
10.22%
|
8.27%
|
6.27%
|
Total return.
|
MFS®VIT Utilities Series - Service Class
advised by Massachusetts Financial
Services Company
|
1.04%2
|
-2.33%
|
8.05%
|
6.13%
|
To seek both capital appreciation and
current income.
|
Morgan Stanley VIF Global Infrastructure
Portfolio - Class II
|
1.12%2
|
4.27%
|
6.55%
|
4.98%
|
Maximum real return, consistent with
preservation of real capital and prudent
investment management. A fund of
funds.
|
PIMCO VIT All Asset Portfolio - Advisor
Class
advised by Pacific Investment
Management Company, LLC
|
2.29%2
|
8.02%
|
5.90%
|
3.93%
|
Balanced investment composed of a
well-diversified portfolio of stocks and
bonds which produce both capital
growth and current income.
|
Putnam VT George Putnam Balanced
Fund - Class IB
|
0.92%
|
19.90%
|
10.43%
|
8.03%
|
Capital Appreciation.
|
Putnam VT Global Health Care Fund -
Class IB
|
1.01%
|
9.13%
|
13.48%
|
10.16%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
High current income consistent with
what the manager believes to be prudent
risk.
|
Putnam VT Income Fund - Class IB
|
0.89%
|
4.69%
|
0.37%
|
1.43%
|
Capital growth and current income.
|
Putnam VT Large Cap Value Fund - Class
IB
|
0.82%
|
15.67%
|
14.50%
|
10.26%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Future Fund -
Class IB
|
1.07%2
|
28.52%
|
12.28%
|
8.44%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Leaders Fund -
Class IB
|
0.90%
|
26.11%
|
16.09%
|
12.59%
|
Long-term capital growth.
|
Templeton Foreign VIP Fund - Class 4
|
1.17%2
|
20.69%
|
5.17%
|
1.18%
|
High current income consistent with
preservation of capital; capital
appreciation is a secondary objective.
|
Templeton Global Bond VIP Fund - Class
4
|
0.85%2
|
2.82%
|
-2.23%
|
-0.76%
|
Long-term capital appreciation by
investing primarily in global resource
securities.
|
VanEck VIP Global Resources Fund -
Class S Shares
|
1.36%
|
-3.84%
|
10.34%
|
-1.26%
|
Long-term total return.
|
Virtus Newfleet Multi-Sector
Intermediate Bond Series - Class A
Shares
|
0.94%2
|
8.69%
|
3.19%
|
2.94%
|
Group 1 - Unlimited Subaccounts
|
Group 2 - Unavailable Subaccounts
These funds are not available if you have elected the Earnings Optimizer
Death Benefit
|
You may allocate 100% of your Contract Value or Account Value among any
Subaccount not listed Group 2 - Unavailable Subaccounts
|
ALPS/Alerian Energy Infrastructure Portfolio
ALPS Global Opportunity Portfolio
American Funds New World Fund
Columbia VP Commodity Strategy Fund
Columbia VP Emerging Markets Bond Fund
Columbia VP Strategic Income Fund
Eaton Vance VT Floating-Rate Income Fund
First Trust Dorsey Wright Tactical Core Portfolio
First Trust Multi-Income Allocation Portfolio
Guggenheim VT Long Short Equity
Guggenheim VT Multi-Hedge Strategies
LVIP BlackRock Real Estate Fund
LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund
LVIP Loomis Sayles Global Growth Fund
LVIP Macquarie U.S. REIT Fund
LVIP Mondrian Global Income Fund
LVIP SSGA Emerging Markets Equity Index Fund
Macquarie VIP Asset Strategy Series
Macquarie VIP Energy Series
Macquarie VIP Science and Technology Series
Macquarie VIP Emerging Markets Series
MFS®VIT Utilities Series
Morgan Stanley VIF Global Infrastructure Portfolio
PIMCO VIT All Asset Portfolio
Putnam VT Global Health Care Fund
Putnam VT Sustainable Future Fund
Templeton Global Bond VIP Fund
VanEck VIP Global Resources Fund
|
Contents
|
Page
|
Special Terms
|
B-2
|
General Information and History
|
B-2
|
The Lincoln National Life Insurance Company
|
B-2
|
Variable Annuity Account (VAA)
|
B-2
|
Capital Markets
|
B-3
|
Advertising & Ratings
|
B-3
|
Non-Principal Risks of Investing In The
Contract
|
B-4
|
Services
|
B-4
|
Contents
|
Page
|
Purchase of Securities Being Offered
|
B-5
|
Principal Underwriter
|
B-5
|
Contract Information
|
B-5
|
Additional Services
|
B-5
|
Other Information
|
B-6
|
Determination of Accumulation and Annuity
Unit Value
|
B-6
|
Annuity Payments
|
B-6
|
Financial Statements
|
B-7
|
Name
|
Positions and Offices with Depositor
|
Craig T. Beazer*
|
Executive Vice President, General Counsel and Director
|
Jayson R. Bronchetti*
|
Executive Vice President, Chief Investment Officer and Director
|
Adam M. Cohen*
|
Senior Vice President, Chief Accounting Officer and Treasurer
|
Ellen G. Cooper*
|
President and Director
|
Stephen B. Harris*
|
Senior Vice President and Chief Ethics and Compliance Officer
|
Christopher M. Neczypor*
|
Executive Vice President, Chief Financial Officer and Director
|
Nancy A. Smith*
|
Senior Vice President and Secretary
|
Joseph D. Spada**
|
Vice President and Chief Compliance Officer for Separate Accounts
|
Eric B. Wilmer***
|
Assistant Vice President and Director
|
Name
|
Positions and Offices with Underwriter
|
Adam M. Cohen*
|
Senior Vice President and Treasurer
|
Jason M. Gibson**
|
Vice President and Chief Compliance Officer
|
Claire H. Hanna*
|
Secretary
|
John C. Kennedy*
|
President, Chief Executive Officer and Director
|
Jared M. Nepa*
|
Senior Vice President and Director
|
Thomas P. O'Neill*
|
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
|
Timothy J. Seifert Sr*
|
Senior Vice President and Director
|
SIGNATURES
(a) | As required by the Securities Act of 1933 and the Investment Company Act of 1940, each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 10th day of April, 2024 at 3:21 pm. |
Lincoln National Variable Annuity Account E
Lincoln National Variable Annuity Account H
Lincoln Life Variable Annuity Account N
(Registrants)
By: | /s/ Daniel P. Herr | |
Daniel P. Herr | ||
Senior Vice President, The Lincoln National Life Insurance Company |
Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 10th day of April, 2024 at 2:32 pm.
The Lincoln National Life Insurance Company
(Depositor)
By: | /s/ Michelle L. Grindle | |
Michelle L. Grindle | ||
(Signature-Officer of Depositor) | ||
Vice President, The Lincoln National Life Insurance Company |
Lincoln National Variable Annuity Account E (File No. 811-04882; CIK: 0000804223)
033-26032 (Amendment No. 78)
Lincoln National Variable Annuity Account H (File No. 811-05721; CIK: 0000847552)
033-27783 (Amendment No. 77) | 333-63505 (Amendment No. 86) | 333-181615 (Amendment No. 43) | ||
333-18419 (Amendment No. 80) | 333-135219 (Amendment No. 59) | 333-212681 (Amendment No. 23) | ||
333-35780 (Amendment No. 60) | 333-170695 (Amendment No. 53) | 333-233762 (Amendment No. 10) | ||
333-35784 (Amendment No. 75) | 333-175888 (Amendment No. 29) | 333-233764 (Amendment No. 16) | ||
333-61592 (Amendment No. 77) |
Lincoln Life Variable Annuity Account N (File No. 811-08517; CIK: 0001048606)
333-36316 (Amendment No. 98) | 333-172328 (Amendment No. 47) | 333-214143 (Amendment No. 28) | ||
333-36304 (Amendment No. 86) | 333-174367 (Amendment No. 35) | 333-214144 (Amendment No. 17) | ||
333-40937 (Amendment No. 92) | 333-181612 (Amendment No. 41) | 333-214235 (Amendment No. 16) | ||
333-61554 (Amendment No. 92) | 333-186894 (Amendment No. 44) | 333-236907 (Amendment No. 12) | ||
333-135039 (Amendment No. 59) | 333-193272 (Amendment No. 31) | 333-239288 (Amendment No. 9) | ||
333-138190 (Amendment No. 70) | 333-193273 (Amendment No. 23) | 333-252473 (Amendment No. 17) | ||
333-149434 (Amendment No. 42) | 333-193274 (Amendment No. 20) | 333-252653 (Amendment No. 12) | ||
333-170529 (Amendment No. 44) | 333-212680 (Amendment No. 26) | 333-252654 (Amendment No. 12) | ||
333-170897 (Amendment No. 48) | 333-212682 (Amendment No. 19) |
(b) | As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on April 10, 2024 at 3:21 pm. |
Signature | Title | |
*/s/ Ellen G. Cooper | President and Director | |
Ellen G. Cooper | (Principal Executive Officer) | |
*/s/ Christopher M. Neczypor | Executive Vice President, Chief Financial Officer, and Director | |
Christopher M. Neczypor | ||
*/s/ Craig T. Beazer | Executive Vice President and Director | |
Craig T. Beazer | ||
*/s/ Jayson R. Bronchetti | Executive Vice President, Chief Investment Officer, and Director | |
Jayson R. Bronchetti | ||
*/s/ Adam M. Cohen | Senior Vice President and Chief Accounting Officer | |
Adam M. Cohen | (Principal Accounting Officer) | |
*/s/ Eric B. Wilmer | Assistant Vice President and Director | |
Eric B. Wilmer |
* By | /s/ Daniel P. Herr, Pursuant to a Power of Attorney | |
Daniel P. Herr |