05/01/2024 | Press release | Distributed by Public on 05/01/2024 10:19
Contents
|
Page
|
SPECIAL TERMS
|
3
|
IMPORTANT INFORMATION YOU SHOULD
CONSIDER ABOUT THE POLICY
|
6
|
OVERVIEW OF THE POLICY
|
9
|
What is the purpose of the Policy?
|
9
|
When do I have to pay Premiums and how do
they get invested?
|
9
|
What are the primary features and options
that the Policy Offers?
|
9
|
Fee Table
|
10
|
PRINCIPAL RISKS OF INVESTING IN THE
POLICY
|
12
|
LINCOLN LIFE, THE SEPARATE ACCOUNT AND
THE GENERAL ACCOUNT
|
15
|
Fund Participation Agreements
|
16
|
Distribution of the Policies and
Compensation
|
17
|
Sub-Accounts and Funds
|
18
|
Sub-Account Availability and Substitution of
Funds
|
19
|
Voting Rights
|
20
|
POLICY CHARGES AND FEES
|
21
|
Premium Load; Net Premium Payment
|
21
|
Premium Tax
|
21
|
Surrender Charges
|
22
|
Partial Surrender Fee
|
23
|
Transfer Fee
|
23
|
Cost of Insurance Charge
|
23
|
Mortality and Expense Risk Charge
|
24
|
Administrative Fee
|
24
|
Policy Loan Interest
|
24
|
Rider Charges
|
24
|
Case Exceptions
|
25
|
YOUR INSURANCE POLICY
|
25
|
Application
|
26
|
Owner
|
26
|
Right To Examine Period
|
26
|
Initial Specified Amount
|
27
|
Contents
|
Page
|
Transfers
|
27
|
Market Timing
|
28
|
OTHER BENEFITS AVAILABLE UNDER THE
POLICY
|
30
|
Optional Sub-Account Allocation Programs
|
34
|
Continuation of Coverage
|
35
|
Termination of Coverage
|
35
|
State Regulation
|
35
|
PREMIUMS
|
35
|
Allocation of Net Premium Payments
|
36
|
Planned Premiums; Additional Premiums
|
36
|
Policy Values
|
37
|
Annual Statement
|
38
|
DEATH BENEFITS
|
38
|
Death Benefit Proceeds
|
38
|
Death Benefit Options
|
39
|
Changes to the Initial Specified Amount and
Death Benefit Options
|
40
|
POLICY SURRENDERS
|
41
|
Partial Surrender
|
41
|
POLICY LOANS
|
42
|
LAPSE AND REINSTATEMENT
|
42
|
No-Lapse Provision
|
43
|
Reinstatement of a Lapsed Policy
|
45
|
TAX ISSUES
|
46
|
Taxation of Life Insurance Contracts in
General
|
46
|
Policies That Are MECs
|
47
|
Policies That Are Not MECs
|
48
|
Other Considerations
|
48
|
Fair Market Value of Your Policy
|
49
|
Tax Status of Lincoln Life
|
50
|
RESTRICTIONS ON FINANCIAL TRANSACTIONS
|
50
|
LEGAL PROCEEDINGS
|
50
|
FINANCIAL STATEMENTS
|
51
|
APPENDIX A: FUNDS AVAILABLE UNDER THE
POLICY
|
A-1
|
FEES AND EXPENSES
|
Location in
Prospectus
|
|
Charges for
Early
Withdrawals
|
For a Full Surrender, for up to 15 years from the date of the Policy and
up to 15 years from each increase in Specified Amount, you could pay a
Surrender Charge of up to $54.00 (5.400%) per $1,000 of the Specified
Amount.
For example, if your Policy has a Specified Amount of $100,000 and you
surrender your Policy, you could be assessed a charge of up to $5,400.
|
•Policy
Charges and
Fees
|
Transaction
Charges
|
In addition to Surrender Charges, you may also be charged for other
transactions, such as when you make a Premium Payment, transfer
Policy Value between Sub-Accounts, take a Partial Surrender or exercise
certain benefits.
|
•Policy
Charges and
Fees
|
Ongoing Fees
and Expenses
(annual
charges)
|
•In addition to Surrender Charges and transaction charges, there are
certain ongoing fees and expenses that are charged annually, monthly
or daily.
•These fees include the Cost of Insurance Charge under the Policy,
optional benefit charges, Administrative Fees, mortality and expense
risk charges and Policy Loan Interest.
•Certain fees are set based on characteristics of the Insured (e.g., age,
gender, and rating classification). You should review your Policy
Specifications page for rates applicable to you.
•Owners will also bear expenses associated with the Underlying Funds
under the Policy, as shown in the following table:
|
•Policy
Charges and
Fees
|
Annual Fee
|
Minimum
|
Maximum
|
Underlying Fund Fees and Expenses*
|
0.23%
|
1.64%
|
*As a percentage of Underlying Fund assets.
|
||
RISKS
|
Location in
Prospectus
|
|
Risk of Loss
|
You can lose money by investing in the Policy, including loss of
principal.
|
•Principal
Risks of
Investing in
the Policy
|
Not a Short-
Term Investment
|
•This Policy is not a short-term investment vehicle and is not
appropriate for an investor who needs ready access to cash.
•Surrender Charges apply for 15 years from the Policy Date and 15
years from the date of any increase in your Specified Amount.
•Charges may reduce the value of your Policy and death benefit.
•Tax deferral is more beneficial to investors with a long-time horizon.
|
•Principal
Risks of
Investing in
the Policy
•Policy
Charges and
Fees
|
RISKS
|
Location in
Prospectus
|
|
Risks
Associated with
Investment
Options
|
•An investment in the Policy is subject to the risk of poor investment
performance of the investment options. Performance can vary
depending on the performance of the investment options available
under the Policy.
•Each investment option (including a Fixed Account investment option)
has its own unique risks. You should review each Underlying Fund's
prospectus before making an investment decision.
|
•Principal
Risks of
Investing in
the Policy
|
Insurance
Company Risks
|
•Any obligations, guarantees, and benefits of the contract including the
Fixed Account investment option are subject to the claims-paying
ability of Lincoln Life. If Lincoln Life experiences financial distress, it
may not be able to meet its obligations to you. More information about
Lincoln Life, including its financial strength ratings, is available upon
request from Lincoln Life by calling 1-800-487-1485 or by visiting
https://www.lfg.com/public/aboutus/investorrelations/
financialinformation.
•You may obtain our audited statutory financial statements, any
unaudited statutory financial statements that may be available as well
as ratings information by visiting our website at www.lfg.com/
VULprospectus.
|
•Principal
Risks of
Investing in
the Policy
•Lincoln Life,
the Separate
Account and
the General
Account
|
Policy Lapse
|
•Sufficient Premiums must be paid to keep your Policy in force. There
is a risk of lapse if Premiums are too small in relation to the insurance
amount and if investment results of the Sub-Accounts you have
chosen are adverse or are less favorable than anticipated.
•Outstanding Policy Loans (plus interest) and Partial Surrenders will
increase the risk of lapse. The death benefit will not be paid if the
Policy has Lapsed.
|
•Principal
Risks of
Investing in
the Policy
•Lapse and
Reinstatement
|
RESTRICTIONS
|
Location in
Prospectus
|
|
Investments
|
•We reserve the right to charge for each transfer between Sub-
Accounts in excess of 24 transfers per year.
•We reserve the right to add, remove, or substitute Sub-Accounts as
investment options under the Policy, subject to state or federal laws
and regulations. An Underlying Fund may be merged into another
Underlying Fund. An Underlying Fund may discontinue offering their
shares to the Sub-Accounts.
•There are significant limitations on your right to transfer amounts in
the Fixed Account and, due to these limitations, if you want to transfer
the entire balance of the Fixed Account to one or more Sub-Accounts,
it may take several years to do so.
|
•Transfer Fee
•Sub-Account
Availability
and
Substitution of
Funds
|
RESTRICTIONS
|
Location in
Prospectus
|
|
Optional
Benefits
|
•Riders may alter the benefits or charges in your Policy. Rider
availability and benefits may vary by state of issue or selling broker-
dealer and their election may have tax consequences. Riders may have
restrictions or limitations, and we may modify or terminate a rider, as
allowed. If you elect a particular rider, it may restrict or enhance the
terms of your policy, or restrict the availability or terms of other riders
or Policy features.
|
•Riders
|
TAXES
|
Location in
Prospectus
|
|
Tax Implications
|
•You should always consult with a tax professional to determine the tax
implications of an investment in and payments received under the
Policy.
•Withdrawals will be subject to ordinary income tax, and may be
subject to tax penalties.
•There is no additional tax benefit to you if the Policy is purchased
through a tax-qualified plan or individual retirement account (IRA).
|
•Tax Issues
|
CONFLICTS OF INTEREST
|
Location in
Prospectus
|
|
Investment
Professional
Compensation
|
•Investment professionals typically receive compensation for selling the
Policy to investors.
•Registered representatives may have a financial incentive to offer or
recommend the Policy over another investment for which the
investment professional is not compensated (or compensated less).
•Registered representatives may be eligible for certain cash and non-
cash benefits. Cash compensation includes bonuses and allowances
based on factors such as sales, productivity and persistency. Non-
cash compensation includes various recognition items such as prizes
and awards as well as attendance at, and payment of the costs
associated with attendance at, conferences, seminars and recognition
trips, and also includes contributions to certain individual plans such
as pension and medical plans.
|
•Distribution of
the Policies
and
Compensation
|
Exchanges
|
Some investment professionals may have a financial incentive to offer
you a new contract in place of the one you already own. You should only
exchange your Policy if you determine, after comparing the features,
fees, and risks of both policies, that it is preferable for you to purchase
the new policy rather than continue to own the existing policy.
|
Change of Plan
(located in the
SAI)
|
Charge
|
When Charge
is Deducted
|
Amount
Deducted
|
Maximum Sales Charge
Imposed on Premiums
(Load)
|
When you pay a Premium
|
As a percentage of the Premium
Payment paid:
|
•5%
|
||
Premium Tax
|
When you pay a Premium
|
Up to 3% charge included in the Sales
Charges included in the Premium
(Load)1
|
Maximum Deferred Sales
Charge (Load)*
|
When you take a Full Surrender or
reduce the Specified Amount2,3
|
•Maximum Charge: $54.00 per
$1,000 of Specified Amount
|
•Maximum Charge for a
Representative Insured (male, age
45, standard non-tobacco, in year
one): $34.34 per $1,000 of Specified
Amount
|
||
Partial Surrender Fee
|
When you take a Partial Surrender of
your Policy
|
•The lesser of $25 or 2% of the
amount surrendered.
|
Transfer Fee
|
Applied to any transfer request in
excess of 24 made during any Policy
Year
|
$25 for each additional transfer
|
Charge
|
When Charge is Deducted
|
Amount Deducted
|
Base Contract Charges
|
||
Cost of Insurance*
|
Monthly
|
As a dollar amount per $1,000 of Net
Amount at Risk1:
|
•Maximum: $83.33 per $1,000
|
||
•Minimum: $0.00 per $1,000
|
||
•Maximum Charge for a
Representative Insured (male, age
45, standard non-tobacco, in year
one): $0.38 per $1,000
|
||
Mortality and Expense Risk
Charge ("M&E")
|
At end of each Valuation Period
|
Maximum of 0.60%, effective annual
rate, as a percentage of Separate
Account Value, calculated daily2
|
Administrative Fee
|
Monthly
|
Maximum of $15.003
|
Policy Loan Interest
|
Annually
|
As an annualized percentage of amount
held in the Loan Account4
|
5%
|
||
Overloan Protection Rider
|
Upon use of the benefit
|
One-time charge subject to a maximum
of 5%, as a percentage of current
Accumulation Value
|
Charge
|
When Charge is Deducted
|
Amount Deducted
|
Optional Benefit Charges
|
||
Supplemental Term
Insurance Rider*
|
Monthly
|
A dollar amount per $1,000 of Net
Amount at Risk:1
|
•Maximum: $83.33 per $1,000
|
||
•Minimum: $0.00 per $1,000
|
||
•Maximum Charge for a
Representative Insured (male, age
45, standard non-tobacco): $0.38
per $1,000
|
||
Waiver of Monthly
Deduction Rider*
|
Monthly
|
Rate factor as a percentage of all other
covered monthly charges:
|
•Maximum: 12%
|
||
•Minimum: 2%
|
||
•Maximum Charge for a
Representative Insured (male, age
45, standard non-tobacco): 3.5%
|
Annual Fund Expenses
|
Minimum
|
Maximum
|
(expenses are deducted from fund assets, including management fees, distribution,
and/or 12b-1 fees, and other expenses)
|
0.23%
|
1.64%1
|
Policy Years 1 - 10
|
0.60%
|
Policy Years 11 and beyond
|
0.20%
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
Overloan
Protection Rider
|
Provides that your
Policy will not lapse
solely based on Debt
exceeding the
Surrender Value.
|
Standard
|
•Automatically issued at Policy purchase.
•Once you exercise the benefit, the following changes
will be made to your Policy:
•We will no longer allow Premium Payments, Partial
Surrenders, or changes to the Specified Amount.
•All other riders except the Supplemental Term
Insurance Rider will be terminated.
•No additional Monthly Deductions will be taken.
•No additional loans will be allowed.
•The Separate Account Value will be transferred to the
Fixed Account.
•The Policy will become paid-up insurance (i.e. no
further payment will be required).
|
Accounting Value
Rider
|
Provides enhanced
Surrender Values by
using a table of
alternate Surrender
Charges if the Policy
is surrendered in
Policy Years 1 - 5.
|
Optional
|
•Available at Policy purchase only.
•Underwriting and minimum Premium requirements
apply.
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
Change of
Insured Rider
|
Permits a change in
the person who is
Insured under the
Policy.
|
Optional
|
•Available at Policy purchase or until the Attained Age
of 65.
•Availability may vary by selling broker dealer. You
may obtain information about the optional benefits
that are available through your broker dealer by
contacting your broker dealer or our Administrative
Office.
•Benefit ceases to be available on the contract
anniversary nearest to the current Insured's 65th
birthday.
•The new Insured is subject to underwriting
requirements.
•Policy value requirements apply.
•Policy charges applicable to the new Insured may
differ from charges applicable to the current Insured.
•Any change in Insured is a taxable event.
|
Supplemental
Term Insurance
Rider
|
Provides annually
renewable non-
convertible term
insurance on the life
of the Insured.
|
Optional
|
•Available at Policy purchase only.
•Will limit the maximum period during which your
Policy is guaranteed not to lapse under the No-Lapse
Provision.
|
Waiver of
Monthly
Deduction Rider
|
Waives Monthly
Deductions during
periods of total
disability.
|
Optional
|
•Available at Policy purchase only.
•The disability must meet conditions and commence
prior to the Policy Anniversary nearest the Insured's
65th birthday to qualify for payments.
|
Dollar Cost
Averaging
|
An investment
strategy that divides
up the total amount
to be invested in one
or more Sub-
Accounts over a
specified period of
time. This averages
the purchase cost of
the assets over time
and helps to reduce
the potential impact
of market volatility.
|
Optional
|
•Available at Policy purchase or by contacting our
Administrative Office.
•Transfers from the Fixed Account can only be elected
at Policy Issue.
•Value in the Money Market Sub-account or Fixed
Account must be at least $1,000 initially.
•Minimum amount that may be allocated is $50
monthly.
•Automatically terminates under certain conditions.
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
Automatic
Rebalancing
|
To periodically
restore Sub-Account
exposure to a pre-
determined level
selected by the
policyholder to
reduce potential risk
of exposure to
market volatility.
|
Optional
|
•You may select a quarterly, semi-annual or annual
basis.
•The Fixed Account is not subject to rebalancing.
•May be elected, terminated, or the allocation may be
changed at any time.
|
Policy Loans
|
Borrow against the
Surrender Value of
your Policy.
|
Optional
|
•We may limit the amount of your loan so that total
Debt under the Policy will not exceed 90% of an
amount equal to the Accumulation Value less
Surrender Charge.
•Amounts transferred to the Loan Account do not
participate in the performance of the Sub-Accounts or
the Fixed Account.
|
Option
|
Death Benefit Proceeds Equal to the
|
Variability
|
1
|
The greater of: the Specified Amount less Debt or a percentage of
the Accumulation Value equal to that required by the Internal
Revenue Code to maintain the Policy as a life insurance policy less
Debt. The Death Benefit Proceeds are reduced by any Partial
Surrenders after the date of death.
|
May increase or decrease over
time, depending on the amount
of Premium paid and the
investment performance of the
underlying Sub-Accounts or the
Fixed Account.
|
2
|
Sum of the Specified Amount plus the Net Accumulation Value as of
the date of the Insured's death.
|
May increase or decrease over
time, depending on the amount
of Premium paid and the
investment performance of the
underlying Sub-Accounts or the
Fixed Account.
|
3
|
Sum of the Specified Amount plus the accumulated Premiums (all
Premiums paid minus the cumulative policy factor, if that factor is
elected) up to the limit shown in the Policy Specifications, as of the
date of the Insured's death. Any Premium paid that will cause the
Death Benefit Proceeds to exceed this limit will be applied to the
Policy, but will not increase the death benefit. The cumulative policy
factor, normally used in business situations, is calculated as:
a)the applicable monthly rate then used by the Internal Revenue
Service (IRS); or
b)an alternative monthly rate permitted by the IRS; times
c)the Specified Amount divided by 1000.
|
Will generally increase,
depending on the amount of
Premium paid.
|
Option change
|
Impact
|
1 to 2
|
The Specified Amount will be reduced by the Accumulation Value as of the effective date of
change.
|
2 to 1
|
The Specified Amount will be increased by the Accumulation Value as of the effective date of
change.
|
1 to 3
|
The Specified Amount will not change.
|
3 to 1
|
The Specified Amount will be increased by accumulated Premiums (less the cumulative policy
factor if that factor is elected) as of the effective date of change.
|
2 to 3
|
The Specified Amount will be increased by the Accumulation Value as of the effective date of
change.
|
3 to 2
|
•If the Accumulation Value is greater than the accumulated Premium (less cumulative policy
factor if that factor elected), the Specified Amount will be reduced by the Accumulation Value
less accumulated Premium (plus cumulative policy factor if that factor is elected) as of the
effective date of change.
|
•If the Accumulation Value is less than the accumulated Premium (less the cumulative policy
factor if elected), the Specified Amount will be increased by the accumulated Premium (less
the cumulative policy factor if that factor is elected), less the Accumulation Value as of the
effective date of change.
|
Death Benefit
Option in Effect
|
Impact of Partial Surrender
|
1
|
Will reduce the Accumulation Value and the Specified Amount.
|
2
|
Will reduce the Accumulation Value, but not the Specified Amount.
|
3
|
Will reduce the accumulated Premiums, and the Specified Amount to the extent that the amount
of the Partial Surrender exceeds the accumulated Premiums.
|
Level
|
Lapse Protection
|
Provision will terminate
upon the earliest of
|
Age 100
|
If elected, a payment of the age
100 No-Lapse Premium is due
as of the Date of Issue and each
Monthly Anniversary Day to
guarantee the Policy will not
lapse before the Insured
reaches age 100. All, or a
portion of, the remaining
monthly Premiums can be paid
in advance at any time.
As long as the sum of all
Premium Payments (less any
Indebtedness and Partial
Surrenders) is at least equal to
the sum of the age 100 No-
Lapse Premiums since the Date
of Issue, the Policy will not
lapse until the Insured reaches
age 100, even if the Net
Accumulation Value is
insufficient to meet the Monthly
Deductions.
|
1)the age 100 Premium requirement is not met,
2)there is a change in the death benefit option,
or
3)the Insured reaches age 100.
A period of at least 61 days will be granted for
the age 100 No-Lapse Premium if on any
Monthly Anniversary Day it is determined that
the age 100 No-Lapse Premium has not been
met. At least 31 days before the end of that
period, we will notify you of the amount of
Premium necessary to maintain the age 100
No-Lapse Provision.
Once the age 100 No-Lapse Provision is
terminated, it cannot be reinstated. However,
you may still qualify for either the 20 year or 10
year No-Lapse Provision.
|
First 20 Policy Years
|
During the first 20 years the
Policy will not lapse, even if the
Net Accumulation Value is
insufficient to meet the Monthly
Deductions, as long as the sum
of:
•all Premium Payments (less
any Partial Surrenders)
accumulated at 4% interest
•minus any Indebtedness is at
least equal to the sum of the
20 year No-Lapse Premiums
due since Date of Issue
(shown in the Policy
Specifications), accumulated
at 4% interest.
|
1)a change in the death benefit option,
2)the Insured reaches age 100, or
3)the beginning of the 21st Policy Year.
Failure to meet the No-Lapse Premium
requirement during the first 20 years does not
terminate the No-Lapse Provision. Any Premium
shortfall can be made up while the Policy is in
force or during the Policy's Grace Period.
Continuing to pay the 20 year No-Lapse
Premium beyond the termination of the 20 year
No-Lapse Provision does not guarantee that the
Policy will not lapse. Payments must be
sufficient to cover your Monthly Deductions.
However, you may still qualify for the 10 year
No-Lapse Provision.
|
Level
|
Lapse Protection
|
Provision will terminate
upon the earliest of
|
First 10 Policy Years
|
During the first 10 years the
Policy will not lapse, even if the
Net Accumulation Value is
insufficient to meet the Monthly
Deductions, as long as the sum
of:
•all Premium Payments (less
any Partial Surrenders)
accumulated at 4% interest
•minus any Indebtedness is at
least equal to the sum of the
10 year No-Lapse Premiums
due since Date of Issue
(shown in the Policy
Specifications), accumulated
at 4% interest.
|
1)a change in the death benefit option,
2)the Insured reaches age 100, or
3)the beginning of the 11th Policy Year.
Failure to meet the No-Lapse Premium
requirement during the first 10 years does not
terminate the No-Lapse Provision. Any Premium
shortfall can be made up while the Policy is in
force or during the Policy's Grace Period.
Continuing to pay the 10 year No-Lapse
Premium beyond the termination of the 10 year
No-Lapse Provision does not guarantee that the
Policy will not lapse. Payments must be
sufficient to cover your Monthly Deductions.
|
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 growth of capital.
|
AB VPS Discovery Value
Portfolio - Class A
advised
by AllianceBernstein L.P.
|
0.81%
|
17.18%
|
10.78%
|
7.55%
|
Long-term growth of capital.
|
AB VPS International Value
Portfolio - Class A
advised
by AllianceBernstein L.P.
This fund is available only
to existing Owners as of
May 21, 2012. Consult
your registered
representative.
|
0.90%
|
15.15%
|
5.81%
|
2.09%
|
Long-term growth of capital.
|
AB VPS Large Cap Growth
Portfolio - Class A
advised
by AllianceBernstein L.P.
This fund is available only
to existing Owners as of
May 16, 2005. Consult
your registered
representative.
|
0.66%2
|
35.13%
|
17.86%
|
14.89%
|
Long-term growth of capital.
|
AB VPS Relative Value
Portfolio - Class A
advised
by AllianceBernstein L.P.
This fund is available only
to existing Owners as of
May 16, 2011. Consult
your registered
representative.
|
0.61%2
|
12.03%
|
11.85%
|
9.32%
|
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 growth of capital.
|
AB VPS Sustainable Global
Thematic Portfolio - Class
A
advised
by AllianceBernstein L.P.
|
0.92%2
|
16.01%
|
13.56%
|
9.60%
|
Long-term growth of capital.
|
American Funds Global
Growth Fund - Class 2
|
0.66%2
|
22.60%
|
13.65%
|
9.58%
|
Long-term capital growth.
|
American Funds Global
Small Capitalization Fund -
Class 2
|
0.91%2
|
16.17%
|
8.31%
|
5.78%
|
Growth of capital.
|
American Funds Growth
Fund - Class 2
|
0.59%
|
38.49%
|
18.68%
|
14.36%
|
Long-term growth of capital and
income.
|
American Funds Growth-
Income Fund - Class 2
|
0.53%
|
26.14%
|
13.36%
|
10.91%
|
Long-term growth of capital.
|
American Funds
International Fund - Class
2
|
0.78%
|
15.84%
|
4.83%
|
3.41%
|
Long-term growth of capital.
|
ClearBridge Variable Mid
Cap Portfolio - Class I
advised by Legg Mason
Partners Fund Advisor, LLC
|
0.83%
|
12.92%
|
10.73%
|
7.10%
|
Capital Appreciation. A fund of
funds.
|
DWS Alternative Asset
Allocation VIP Portfolio -
Class A
advised by DWS
Investment Management
Americas, Inc.
|
0.83%
|
6.19%
|
6.09%
|
2.96%
|
To replicate, as closely as possible,
before the deduction of expenses,
the performance of the Standard &
Poor's 500 Composite Stock Price
Index (the "S&P 500( (Reg. TM))
Index"), which emphasizes stocks
of large US companies.
|
DWS Equity 500 Index VIP
Portfolio - Class A
advised by DWS
Investment Management
Americas, Inc.
This fund is available only
to existing Owners as of
May 21, 2007. Consult
your registered
representative.
|
0.25%2
|
26.00%
|
15.40%
|
11.74%
|
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 replicate, as closely as possible,
before the deduction of expenses,
the performance of the Russell
2000((Reg. TM)) Index, which
emphasizes stocks of small US
companies.
|
DWS Small Cap Index VIP
Portfolio - Class A
advised by DWS
Investment Management
Americas, Inc.
This fund is available only
to existing Owners as of
May 21, 2007. Consult
your registered
representative.
|
0.38%2
|
16.76%
|
9.67%
|
6.89%
|
Long-term capital appreciation.
|
Fidelity® VIP Contrafund®
Portfolio - Service Class
|
0.66%
|
33.34%
|
16.54%
|
11.50%
|
Reasonable income with
consideration of the potential for
capital appreciation.
|
Fidelity® VIP Equity-
Income Portfolio - Service
Class
This fund is available only
to existing Owners as of
May 16, 2005. Consult
your registered
representative.
|
0.57%
|
10.53%
|
12.18%
|
8.47%
|
To achieve capital appreciation.
|
Fidelity® VIP Growth
Portfolio - Service Class
|
0.68%
|
36.09%
|
19.52%
|
14.68%
|
Long-term growth of capital.
|
Fidelity® VIP Mid Cap
Portfolio - Service Class
|
0.67%
|
15.00%
|
12.34%
|
8.02%
|
Long-term growth of capital.
|
Fidelity® VIP Overseas
Portfolio - Service Class
This fund is available only
to existing Owners as of
May 16, 2011. Consult
your registered
representative.
|
0.83%
|
20.41%
|
9.87%
|
4.80%
|
To maximize income while
maintaining prospects for capital
appreciation.
|
Franklin Income VIP Fund -
Class 1
|
0.46%2
|
8.87%
|
7.25%
|
5.28%
|
Capital appreciation; income is a
secondary consideration.
|
Franklin Mutual Shares VIP
Fund - Class 1
|
0.68%
|
13.73%
|
8.10%
|
5.70%
|
Long-term capital growth.
|
Franklin Small-Mid Cap
Growth VIP Fund - Class 1
This fund is available only
to existing Owners as of
May 16, 2011. Consult
your registered
representative.
|
0.83%2
|
27.12%
|
13.82%
|
9.24%
|
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 growth of capital.
|
Invesco V.I. EQV
International Equity Fund -
Series I Shares
|
0.90%
|
18.15%
|
8.42%
|
4.33%
|
Long-term capital growth,
consistent with preservation of
capital and balanced by current
income.
|
Janus Henderson Balanced
Portfolio - Service Shares
This fund is available only
to existing Owners as of
May 16, 2005. Consult
your registered
representative.
|
0.87%
|
15.13%
|
9.37%
|
7.73%
|
Long-term growth of capital.
|
Janus Henderson
Enterprise Portfolio -
Service Shares
This fund is available only
to existing Owners as of
May 16, 2005. Consult
your registered
representative.
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
Long-term capital growth.
|
LVIP AllianceBernstein
Large Cap Growth Fund -
Standard Class
(formerly LVIP T. Rowe
Price Growth Stock Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.63%2
|
46.32%
|
13.32%
|
11.67%
|
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 - Standard
Class II
(formerly American
Century VP Balanced Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.77%2
|
16.41%
|
8.50%
|
6.55%
|
Long-term total return using a
strategy that seeks to protect
against U.S. inflation.
|
LVIP American Century
Inflation Protection Fund -
Standard Class II
(formerly American
Century VP Inflation
Protection Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.52%2
|
3.60%
|
2.90%
|
2.16%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Capital Appreciation.
|
LVIP Baron Growth
Opportunities Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
Capital Appreciation.
|
LVIP Baron Growth
Opportunities Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.90%2
|
18.10%
|
13.95%
|
9.62%
|
Reasonable income.
|
LVIP BlackRock Dividend
Value Managed Volatility
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.66%2
|
9.39%
|
9.55%
|
6.43%
|
High total investment return.
|
LVIP BlackRock Global
Allocation Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.73%2
|
13.62%
|
N/A
|
N/A
|
A balance between current income
and growth of capital, with a greater
emphasis on growth of capital. A
fund of funds.
|
LVIP BlackRock Global
Growth ETF Allocation
Managed Risk Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.42%2
|
11.68%
|
4.81%
|
N/A
|
To maximize real return, consistent
with preservation of real capital and
prudent investment management.
|
LVIP BlackRock Inflation
Protected Bond Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.63%
|
5.07%
|
3.16%
|
2.19%
|
Total return through a combination
of current income and long-term
capital appreciation.
|
LVIP BlackRock Real Estate
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.82%2
|
13.06%
|
4.76%
|
3.85%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
A balance between current income
and growth of capital, with a greater
emphasis on growth of capital. A
fund of funds.
|
LVIP BlackRock U.S.
Growth ETF Allocation
Managed Risk Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
12.35%
|
5.73%
|
N/A
|
Long-term growth of capital in a
manner consistent with the
preservation of capital.
|
LVIP Blended Large Cap
Growth Managed Volatility
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.67%2
|
34.15%
|
13.82%
|
9.28%
|
Capital Appreciation.
|
LVIP Blended Mid Cap
Managed Volatility Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.73%2
|
17.75%
|
10.22%
|
6.41%
|
Capital Appreciation.
|
LVIP ClearBridge Franklin
Select Large Cap Managed
Volatility Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.66%2
|
22.54%
|
11.10%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional
International Core Equity
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.62%2
|
16.01%
|
7.99%
|
N/A
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Dimensional
International Equity
Managed Volatility Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.76%
|
16.69%
|
5.51%
|
2.29%
|
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 Dimensional U.S.
Core Equity 1 Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.40%2
|
22.78%
|
14.99%
|
11.07%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S.
Core Equity 2 Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.49%
|
21.65%
|
14.73%
|
N/A
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Dimensional U.S.
Equity Managed Volatility
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.61%2
|
21.95%
|
12.87%
|
8.02%
|
Long-term capital growth.
|
LVIP Franklin Templeton
Global Equity Managed
Volatility Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.73%2
|
17.24%
|
8.98%
|
4.58%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor Emerging
Markets Equity Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.50%2
|
10.04%
|
3.12%
|
1.60%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor International
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.41%2
|
18.92%
|
6.73%
|
4.40%
|
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 Large Cap
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.36%2
|
17.39%
|
12.81%
|
10.06%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor SMID Cap
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
15.54%
|
11.42%
|
7.16%
|
A high level of current income with
some consideration given to growth
of capital. A fund of funds.
|
LVIP Global Conservative
Allocation Managed Risk
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.77%2
|
9.72%
|
4.23%
|
3.52%
|
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 Global Growth
Allocation Managed Risk
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.76%2
|
13.33%
|
4.97%
|
3.72%
|
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 Global Moderate
Allocation Managed Risk
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.75%2
|
11.84%
|
4.56%
|
3.56%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
4.75%
|
1.61%
|
0.99%
|
Capital Appreciation.
|
LVIP Invesco Select Equity
Income Managed Volatility
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.58%2
|
12.18%
|
10.09%
|
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
|
|||
A high level of current income;
capital appreciation is the
secondary objective.
|
LVIP JPMorgan High Yield
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.68%2
|
11.76%
|
4.95%
|
3.98%
|
Current income and some capital
appreciation. A fund of funds.
|
LVIP JPMorgan Retirement
Income Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.68%2
|
11.60%
|
5.02%
|
3.94%
|
Long-term capital appreciation.
|
LVIP JPMorgan Select Mid
Cap Value Managed
Volatility Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.78%2
|
12.08%
|
9.25%
|
5.62%
|
Maximum current income (yield)
consistent with a prudent
investment strategy.
|
LVIP Macquarie Bond Fund
- Standard Class3
(formerly LVIP Delaware
Bond Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.37%
|
5.93%
|
1.50%
|
1.99%
|
Total return.
|
LVIP Macquarie Diversified
Floating Rate Fund -
Standard Class3
(formerly LVIP Delaware
Diversified Floating Rate
Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.63%2
|
5.57%
|
2.38%
|
1.68%
|
Maximum long-term total return
consistent with reasonable risk.
|
LVIP Macquarie Diversified
Income Fund - Standard
Class3
(formerly LVIP Delaware
Diversified Income Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.54%2
|
6.24%
|
2.07%
|
2.09%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Total return and, as a secondary
objective, high current income.
|
LVIP Macquarie High Yield
Fund - Standard Class3
(formerly LVIP Delaware
High Yield Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.74%2
|
12.67%
|
5.51%
|
3.53%
|
Maximum total return, consistent
with reasonable risk.
|
LVIP Macquarie Limited-
Term Diversified Income
Fund - Standard Class3
(formerly LVIP Delaware
Limited-Term Diversified
Income Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.53%2
|
5.00%
|
1.88%
|
1.63%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Mid Cap
Value Fund - Standard
Class3
(formerly LVIP Delaware
Mid Cap Value Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.43%
|
11.24%
|
11.88%
|
8.62%
|
Long-term capital appreciation.
|
LVIP Macquarie SMID Cap
Core Fund - Standard
Class3
(formerly LVIP Delaware
SMID Cap Core Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.80%2
|
16.45%
|
12.25%
|
8.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Social
Awareness Fund -
Standard Class3
(formerly LVIP Delaware
Social Awareness Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.45%
|
30.17%
|
15.86%
|
11.32%
|
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 - Standard
Class3
(formerly LVIP Delaware
U.S. Growth Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.72%
|
48.35%
|
18.38%
|
12.54%
|
Maximum long-term total return,
with capital appreciation as a
secondary objective.
|
LVIP Macquarie U.S. REIT
Fund - Standard Class3
(formerly LVIP Delaware
U.S. REIT Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.83%2
|
12.58%
|
6.45%
|
6.23%
|
Long-term capital appreciation.
|
LVIP Macquarie Value Fund
- Standard Class3
(formerly LVIP Delaware
Value Fund)
advised by Lincoln
Financial Investments
Corporation
|
0.68%
|
3.49%
|
8.10%
|
7.84%
|
To provide a responsible level of
income and the potential for capital
appreciation.
|
LVIP Macquarie Wealth
Builder Fund - Standard
Class3
(formerly LVIP Delaware
Wealth Builder Fund)
advised by Lincoln
Financial Investments
Corporation
This fund is available only
to existing Owners as of
May 18, 2009. Consult
your registered
representative.
|
0.71%2
|
9.91%
|
5.95%
|
4.45%
|
Long-term capital appreciation.
|
LVIP MFS International
Growth Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.80%2
|
14.71%
|
9.83%
|
6.58%
|
Capital Appreciation.
|
LVIP MFS Value Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.62%2
|
8.07%
|
11.38%
|
8.57%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Current income consistent with the
preservation of capital.
|
LVIP Mondrian Global
Income Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.65%2
|
4.02%
|
-0.92%
|
0.26%
|
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 -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.75%2
|
20.11%
|
6.03%
|
3.45%
|
Long-term growth of capital. A fund
of funds.
|
LVIP Multi-Manager Global
Equity Managed Volatility
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.79%2
|
26.01%
|
10.64%
|
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 - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.37%2
|
5.30%
|
0.78%
|
1.49%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP SSGA Conservative
Index Allocation Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%2
|
10.73%
|
5.28%
|
4.09%
|
Long-term growth of capital. A fund
of funds.
|
LVIP SSGA Global Tactical
Allocation Managed
Volatility Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.59%2
|
13.51%
|
6.28%
|
3.91%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
17.57%
|
7.96%
|
4.02%
|
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 Appreciation. A fund of
funds.
|
LVIP SSGA International
Managed Volatility Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.63%2
|
17.44%
|
4.94%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%
|
13.57%
|
7.38%
|
5.33%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%
|
14.82%
|
8.04%
|
5.72%
|
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 - Standard Class4
advised by Lincoln
Financial Investments
Corporation
|
0.23%
|
26.01%
|
15.41%
|
11.77%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.38%2
|
16.50%
|
9.52%
|
6.74%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP Structured
Conservative Allocation
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.60%
|
10.27%
|
5.06%
|
3.97%
|
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.57%
|
13.09%
|
7.12%
|
5.22%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
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 - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.59%
|
14.27%
|
7.69%
|
5.54%
|
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
|
LVIP T. Rowe Price 2020
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
This fund is available only
to existing Owners as of
May 18, 2009. Consult
your registered
representative.
|
0.66%2
|
13.54%
|
7.41%
|
4.90%
|
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
|
LVIP T. Rowe Price 2030
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
This fund is available only
to existing Owners as of
May 18, 2009. Consult
your registered
representative.
|
0.68%2
|
16.14%
|
9.08%
|
5.46%
|
The highest total return over time
consistent with an emphasis on
both capital growth and income. A
fund of funds.
|
LVIP T. Rowe Price 2040
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
This fund is available only
to existing Owners as of
May 18, 2009. Consult
your registered
representative.
|
0.70%2
|
19.19%
|
10.72%
|
6.11%
|
To maximize capital appreciation.
|
LVIP T. Rowe Price
Structured Mid-Cap
Growth Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.72%2
|
21.17%
|
13.50%
|
10.81%
|
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 level of current income and
growth of capital, with an emphasis
on growth of capital. A fund of
funds.
|
LVIP U.S. Growth
Allocation Managed Risk
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.79%2
|
15.02%
|
6.15%
|
N/A
|
Total return consistent with the
preservation of capital. A fund of
funds.
|
LVIP Vanguard Bond
Allocation Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.37%
|
6.00%
|
0.59%
|
1.27%
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Vanguard Domestic
Equity ETF Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.32%2
|
25.22%
|
14.84%
|
11.09%
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Vanguard
International Equity ETF
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.34%2
|
15.36%
|
7.11%
|
4.00%
|
Capital growth.
|
LVIP Wellington Capital
Growth Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.70%2
|
38.70%
|
16.98%
|
13.91%
|
Long-term capital appreciation.
|
LVIP Wellington SMID Cap
Value Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.79%2
|
17.24%
|
12.45%
|
7.71%
|
Long-term capital appreciation.
|
Macquarie VIP Emerging
Markets Series - Standard
Class3
(formerly Delaware VIP®
Emerging Markets Series)
advised by Delaware
Management Company
|
1.18%2
|
13.79%
|
4.20%
|
2.67%
|
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 Appreciation.
|
Macquarie VIP Small Cap
Value Series - Standard
Class3
(formerly Delaware VIP®
Small Cap Value Series)
advised by Delaware
Management Company
|
0.78%
|
9.45%
|
10.21%
|
7.06%
|
Capital Appreciation.
|
MFS® VIT Growth Series -
Initial Class
advised by Massachusetts
Financial Services
Company
|
0.73%2
|
35.86%
|
15.89%
|
12.97%
|
Capital Appreciation.
|
MFS® VIT II Core Equity
Portfolio - Initial Class
advised by Massachusetts
Financial Services
Company
This fund is available only
to existing Owners as of
May 16, 2005. Consult
your registered
representative.
|
0.81%2
|
23.14%
|
15.08%
|
11.61%
|
Total return.
|
MFS® VIT Total Return
Series - Initial Class
advised by Massachusetts
Financial Services
Company
|
0.61%2
|
10.44%
|
8.54%
|
6.53%
|
Total return.
|
MFS® VIT Utilities Series -
Initial Class
advised by Massachusetts
Financial Services
Company
|
0.79%2
|
-2.11%
|
8.31%
|
6.39%
|
Growth of capital.
|
Neuberger Berman AMT
Mid Cap Growth Portfolio -
I Class
This fund is available only
to existing Owners as of
May 21, 2007. Consult
your registered
representative.
|
0.93%
|
18.15%
|
12.07%
|
8.96%
|
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.
|
Neuberger Berman AMT
Mid Cap Intrinsic Value
Portfolio - I Class
This fund is available only
to existing Owners as of
May 21, 2007. Consult
your registered
representative.
|
1.02%
|
11.00%
|
8.63%
|
6.13%
|
Maximum real return, consistent
with prudent investment
management.
|
PIMCO VIT
CommodityRealReturn®
Strategy Portfolio -
Administrative Class
advised by Pacific
Investment Management
Company, LLC
|
1.48%2
|
-7.85%
|
8.55%
|
-0.80%
|
High current income consistent
with preservation of capital; capital
appreciation is a secondary
objective.
|
Templeton Global Bond VIP
Fund - Class 1
|
0.50%2
|
3.19%
|
-1.89%
|
-0.41%
|
Long-term capital growth.
|
Templeton Growth VIP
Fund - Class 1
This fund is available only
to existing Owners as of
May 21, 2007. Consult
your registered
representative.
|
0.87%2
|
21.23%
|
6.72%
|
3.50%
|
Income and capital appreciation. A
fund of funds.
|
TOPS® Balanced ETF
Portfolio - Class 2 Shares
advised by Valmark
Advisers, Inc.
|
0.55%
|
11.39%
|
6.39%
|
4.51%
|
Capital Appreciation. A fund of
funds.
|
TOPS® Moderate Growth
ETF Portfolio - Class 2
Shares
advised by Valmark
Advisers, Inc.
|
0.54%
|
13.47%
|
7.96%
|
5.58%
|
Contents
|
Page
|
GENERAL INFORMATION
|
2
|
Lincoln Life
|
2
|
Capital Markets
|
2
|
Registration Statement
|
3
|
Changes of Investment Policy
|
3
|
Principal Underwriter
|
3
|
Disaster Plan
|
3
|
Advertising & Ratings
|
3
|
SERVICES
|
5
|
Independent Registered Public Accounting
Firm
|
5
|
Accounting Services
|
5
|
Checkbook Service for Disbursements
|
5
|
POLICY INFORMATION
|
5
|
Corporate and Group Purchasers and Case
Exceptions
|
5
|
Assignment
|
5
|
Contents
|
Page
|
Change of Ownership
|
6
|
Beneficiary
|
6
|
Right to Convert Contract
|
6
|
Exchange of Policy
|
6
|
Settlement Options
|
6
|
Deferment of Payments
|
7
|
Incontestability
|
7
|
Misstatement of Age or Gender
|
7
|
Suicide
|
7
|
ADDITIONAL INFORMATION ABOUT
CHARGES
|
8
|
Surrender Charges
|
8
|
PERFORMANCE DATA
|
8
|
FINANCIAL STATEMENTS
|
9
|
Separate Account
|
M-1
|
Company
|
S-1
|
Where:
|
P = a hypothetical initial purchase payment of $1,000
|
T = average annual total return for the period in question
|
|
n = number of years
|
|
ERV = ending redeemable value (as of the end of the period in question) of a hypothetical $1,000 purchase
payment made at the beginning of the 1-year, 3-year, 5-year, or 10-year period in question (or fractional period
thereof)
|