04/29/2024 | Press release | Distributed by Public on 04/29/2024 11:08
The following fund will be reorganized into…
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...the following acquiring Fund.*
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American Century VP Balanced Fund
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LVIP American Century Balanced Fund
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American Century VP Large Company Value Fund
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LVIP American Century Large Company Value Fund
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Former Fund Name
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New Fund Name*
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LVIP Delaware Diversified Floating Rate Fund
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LVIP Macquarie Diversified Floating Rate Fund
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LVIP Delaware Diversified Income Fund
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LVIP Macquarie Diversified Income Fund
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LVIP Delaware High Yield Fund
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LVIP Macquarie High Yield Fund
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LVIP Delaware Limited-Term Diversified Income Fund
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LVIP Macquarie Limited-Term Diversified Income Fund
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LVIP Delaware SMID Cap Core Fund
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LVIP Macquarie SMID Cap Core Fund
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LVIP Delaware Wealth Builder Fund
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LVIP Macquarie Wealth Builder Fund
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Former Fund Name / Share Class
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New Fund Name / Share Class*
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Delaware Ivy VIP High Income Portfolio - Class I
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Macquarie VIP High Income Series - Standard Class
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Delaware Ivy VIP Mid Cap Growth Portfolio - Class I
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Macquarie VIP Mid Cap Growth Series - Standard Class
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FEES AND EXPENSES
|
Location in
Prospectus
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|||
Charges for Early
Withdrawals
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There are no surrender charges associated with the 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 year based 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.
|
•Fee Tables
•Examples
•Charges and
Other
Deductions
|
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Annual Fee
|
Minimum
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Maximum
|
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Base Contract
|
0.52%1
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0.72%1
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Investment options (fund fees and
expenses)
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0.23%1
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3.73%1
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||
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
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0.40%1
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2.75%2
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1 As a percentage of average Account Value in the Subaccounts.
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||||
2 As an annualized percentage of the Protected Income Base.
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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: $907
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Highest Annual Cost: $8,320
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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
|
•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
|
Location in
Prospectus
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Risk of Loss
|
•You can lose money by investing in this Contract, including loss of principal.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
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RISKS
|
Location in
Prospectus
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Not a Short-Term
Investment
|
•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.
|
•Principal Risks
•Surrender and
Withdrawals
•Fee Tables
•Living Benefit
Riders
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Risks Associated
with Investment
Options
|
•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.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
Insurance
Company Risks
|
•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
New York, 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
|
Location in
Prospectus
|
|
Investments
|
•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.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
Optional Benefits
|
•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 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 some new rider
elections.
•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
•Appendix C -
Discontinued
Living Benefit
Riders
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TAXES
|
Location in
Prospectus
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Tax Implications
|
•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.
|
•Federal Tax
Matters
|
CONFLICTS OF INTEREST
|
Location in
Prospectus
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Exchanges
|
•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.
|
•The Contracts -
Replacement
of Existing
Insurance
|
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 total return (including income and
capital gains) consistent with
preservation of capital over the long
term.
|
American Funds Asset Allocation Fund -
Class 1A
|
0.55%
|
14.32%
|
9.19%
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7.26%
|
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 1A
|
0.53%2
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9.01%
|
7.46%
|
N/A
|
To provide, over the long term, with a
high level of total return consistent with
prudent investment management.
|
American Funds Capital World Bond
Fund - Class 1A
|
0.73%
|
6.11%
|
-0.33%
|
0.38%
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Long-term growth of capital while
providing current income.
|
American Funds Capital World Growth
and Income Fund - Class 1A
|
0.66%2
|
20.87%
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10.33%
|
7.65%
|
The balanced accomplishment of three
objectives: long-term growth of capital,
conservation of principal and current
income.
|
American Funds Global Balanced Fund -
Class 1A
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0.77%2
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13.77%
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7.44%
|
5.41%
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Long-term growth of capital.
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American Funds Global Growth Fund -
Class 1A
|
0.66%2
|
22.60%
|
13.65%
|
9.58%
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 1A
|
0.91%2
|
16.15%
|
8.31%
|
5.79%
|
Growth of capital.
|
American Funds Growth Fund - Class 1A
|
0.59%
|
38.47%
|
18.68%
|
14.36%
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Long-term growth of capital and income.
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American Funds Growth-Income Fund -
Class 1A
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0.53%
|
26.12%
|
13.36%
|
10.92%
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To provide investors with a high level of
current income; capital appreciation is
the secondary objective.
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American Funds High-Income Trust -
Class 1A
|
0.57%2
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12.40%
|
6.09%
|
4.42%
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Long-term growth of capital.
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American Funds International Fund -
Class 1A
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0.78%
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15.85%
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4.83%
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3.42%
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Long-term growth of capital while
providing current income.
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American Funds International Growth
and Income Fund - Class 1A
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0.81%
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15.92%
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6.13%
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3.33%
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To provide high total return (including
income and capital gains) consistent
with preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds.
|
American Funds Managed Risk Asset
Allocation Fund - Class P1
|
0.65%2
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10.51%
|
6.17%
|
5.01%
|
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 growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds.
|
American Funds Managed Risk Growth
Fund - Class P1
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0.69%2
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23.77%
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11.26%
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8.62%
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To achieve long-term growth of capital
and income while seeking to manage
volatility and provide downside
protection. A fund of funds.
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American Funds Managed Risk Growth-
Income Fund - Class P1
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0.62%2
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16.17%
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7.86%
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6.46%
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To provide long-term growth of capital
while seeking to manage volatility and
provide downside protection. A fund of
funds.
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American Funds Managed Risk
International Fund - Class P1
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0.85%2
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6.36%
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1.04%
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0.58%
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To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing while seeking to manage
volatility and provide downside
protection. A fund of funds.
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American Funds Managed Risk
Washington Mutual Investors Fund -
Class P1
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0.64%2
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10.04%
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5.89%
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5.08%
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To provide current income and
preservation of capital.
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American Funds Mortgage Fund - Class
1A
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0.57%2
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3.72%
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0.80%
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1.49%
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Long-term capital appreciation.
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American Funds New World Fund® -
Class 1A
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0.82%2
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15.98%
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8.63%
|
4.69%
|
To provide as high a level of current
income as is consistent with the
preservation of capital.
|
American Funds The Bond Fund of
America - Class 1A
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0.48%2
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4.89%
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1.87%
|
2.08%
|
To provide a high level of current income
consistent with prudent investment risk
and preservation of capital.
|
American Funds U.S. Government
Securities Fund - Class 1A
|
0.51%2
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2.88%
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1.04%
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1.54%
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To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing.
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American Funds Washington Mutual
Investors Fund - Class 1A
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0.52%2
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17.29%
|
12.60%
|
9.92%
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Long-term growth of capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class I
advised by Legg Mason Partners Fund
Advisor, LLC
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0.76%
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44.02%
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15.51%
|
13.27%
|
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%
|
Income and capital growth consistent
with reasonable risk.
|
Fidelity® VIP Balanced Portfolio - Initial
Class
|
0.44%
|
21.53%
|
12.44%
|
9.08%
|
High total return. A fund of funds.
|
Fidelity® VIP FundsManager® 50%
Portfolio - Investor Class
|
0.70%2
|
12.96%
|
7.52%
|
5.51%
|
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 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
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.10%2
|
7.75%
|
N/A
|
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
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.20%2
|
16.90%
|
N/A
|
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
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.19%
|
10.51%
|
7.23%
|
6.53%
|
Balance of growth of capital and income.
A fund of funds.
|
Franklin Multi-Asset Variable
Conservative Growth - Class I
advised by Legg Mason Partners Fund
Advisor, LLC
|
0.72%
|
14.63%
|
7.39%
|
5.61%
|
To seek to achieve a high level of total
return on its assets through a
combination of capital appreciation and
current income.
|
Invesco V.I. Equally-Weighted S&P 500
Fund - Series I Shares5
|
0.34%
|
13.71%
|
13.47%
|
10.03%
|
Long-term growth of capital.
|
Invesco V.I. EQV International Equity
Fund - Series I Shares
|
0.90%
|
18.15%
|
8.42%
|
4.33%
|
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 -
Standard Class
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.85%2
|
36.82%
|
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 - Standard Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.70%2
|
13.39%
|
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 Fund -
Standard Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.70%2
|
17.03%
|
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
|
|||
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 - Standard Class
|
0.70%2
|
N/A
|
N/A
|
N/A
|
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
- Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.58%2
|
13.68%
|
8.01%
|
6.09%
|
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%
|
Capital growth.
|
LVIP American Century Capital
Appreciation Fund - Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.79%2
|
20.69%
|
13.24%
|
9.36%
|
Capital growth; income is a secondary
consideration.
|
LVIP American Century Disciplined Core
Value Fund - Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.71%2
|
8.65%
|
10.19%
|
8.19%
|
Long-term total return using a strategy
that seeks to protect against U.S.
inflation.
|
LVIP American Century Inflation
Protection Fund - Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.52%2
|
3.60%
|
2.90%
|
2.16%
|
Capital growth.
|
LVIP American Century International
Fund - Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.95%2
|
12.57%
|
8.29%
|
4.07%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Large Company
Value Fund - Standard Class II
(formerly American Century VP Large
Company Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.70%2
|
3.88%
|
10.53%
|
7.73%
|
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
secondary objective.
|
LVIP American Century Mid Cap Value
Fund - Standard Class II
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
|
6.13%
|
11.05%
|
8.77%
|
Long-term capital growth.
|
LVIP American Century Ultra Fund -
Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.75%2
|
43.51%
|
19.24%
|
14.64%
|
Long-term capital growth; income is a
secondary consideration.
|
LVIP American Century Value Fund -
Standard Class II
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.71%2
|
9.10%
|
11.87%
|
8.53%
|
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 -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.59%2
|
14.95%
|
8.55%
|
6.49%
|
A high level of current income with
some consideration given to growth of
capital. A fund of funds.
|
LVIP American Income Allocation Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.58%2
|
10.77%
|
6.10%
|
4.87%
|
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
|
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%
|
Seeks long-term capital appreciation.
|
LVIP Channing Small Cap Value Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.88%
|
19.94%
|
N/A
|
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%
|
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%
|
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%
|
Capital appreciation. A fund of funds.
|
LVIP Global Aggressive Growth
Allocation Managed Risk Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.79%2
|
14.09%
|
5.66%
|
N/A
|
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%
|
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 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%
|
To maximize total return by investing
primarily in a diversified portfolio of
intermediate- and long-term debt
securities.
|
LVIP JPMorgan Core Bond Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.49%
|
5.91%
|
1.28%
|
1.81%
|
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%
|
Capital appreciation with the secondary
goal of achieving current income by
investing in equity securities.
|
LVIP JPMorgan Mid Cap Value Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
10.91%
|
10.98%
|
8.05%
|
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%
|
Capital growth over the long term.
|
LVIP JPMorgan Small Cap Core Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
13.10%
|
9.41%
|
7.10%
|
High total return.
|
LVIP JPMorgan U.S. Equity Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.69%
|
27.16%
|
17.15%
|
12.44%
|
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%
|
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%
|
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 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%
|
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 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
|
0.71%2
|
9.91%
|
5.95%
|
4.45%
|
To seek a high level of current income
consistent with preservation of capital.
|
LVIP PIMCO Low Duration Bond Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.68%2
|
4.87%
|
1.30%
|
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%
|
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 - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.50%2
|
8.83%
|
2.74%
|
N/A
|
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
|
|||
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 -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.35%2
|
16.05%
|
12.22%
|
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 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
- Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.36%2
|
5.17%
|
1.87%
|
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 -
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%
|
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%
|
Capital appreciation. A fund of funds.
|
LVIP U.S. Aggressive Growth Allocation
Managed Risk Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.81%2
|
15.80%
|
6.63%
|
N/A
|
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
|
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 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%
|
Maximize total return.
|
LVIP Western Asset Core Bond Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.53%
|
5.93%
|
0.94%
|
N/A
|
To seek to provide total return through a
combination of high current income and
capital appreciation.
|
Macquarie VIP High Income Series -
Standard Class3
(formerly Delaware Ivy VIP High Income
Portfolio)
advised by Delaware Management
Company
|
0.71%
|
12.22%
|
4.73%
|
N/A
|
Growth of capital.
|
Macquarie VIP Mid Cap Growth Series -
Standard Class3
(formerly Delaware Ivy VIP Mid Cap
Growth Portfolio)
advised by Delaware Management
Company
|
0.85%2
|
19.90%
|
14.92%
|
N/A
|
Total return.
|
MFS® VIT Total Return Series - Initial
Class
advised by Massachusetts Financial
Services Company
|
0.61%2
|
10.44%
|
8.54%
|
6.53%
|
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 IA
|
0.67%
|
20.26%
|
10.71%
|
8.30%
|
Capital growth and current income.
|
Putnam VT Large Cap Value Fund - Class
IA
|
0.57%
|
15.92%
|
14.78%
|
10.54%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Future Fund -
Class IA
|
0.82%2
|
28.83%
|
12.56%
|
8.72%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Leaders Fund -
Class IA
|
0.65%
|
26.42%
|
16.38%
|
12.87%
|
Income and capital appreciation. A fund
of funds.
|
TOPS® Balanced ETF Portfolio - Service
Class Shares
advised by Valmark Advisers, Inc.
|
0.60%
|
11.32%
|
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
|
|||
Capital Appreciation. A fund of funds.
|
TOPS® Moderate Growth ETF Portfolio -
Service Class Shares
advised by Valmark Advisers, Inc.
|
0.59%
|
13.36%
|
N/A
|
N/A
|
Group 1
Investments must be at least 20% of Contract Value or Account Value
|
Group 2
Investments cannot exceed 80% of Contract Value or Account Value
|
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
American Funds Managed Risk Asset Allocation Fund
American Funds Managed Risk Growth Fund
American Funds Managed Risk Growth-Income Fund
American Funds Managed Risk International Fund
American Funds Managed Risk Washington Mutual Investors Fund
LVIP Dimensional International Equity Managed Risk Fund
LIVP Dimensional U.S. Equity Managed Volatility Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund
LVIP Global Moderate Allocation Managed Risk Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
|
Group 1
Investments must be at least 20% of Contract Value or Account Value
|
Group 2
Investments cannot exceed 80% of Contract Value or Account Value
|
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
American Funds Asset Allocation Fund
American Funds Capital Income Builder®
American Funds Capital World Growth and Income Fund
American Funds Global Balanced Fund
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds High-Income Trust
American Funds International Fund
American Funds International Growth and Income Fund
American Funds Managed Risk Asset Allocation Fund
American Funds Washington Mutual Investors Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity®VIP Balanced Portfolio
Fidelity®VIP FundsManager®50% Portfolio
First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital Strength Portfolio
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Franklin Multi-Asset Variable Conservative Growth Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. EQV International Equity Fund
Lincoln Hedged S&P 500 Conservative Fund
Lincoln Hedged S&P 500 Fund
Lincoln Opportunistic Hedged Equity Fund
LVIP American Balanced Allocation Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value Fund
LVIP American Century Inflation Protection Fund
LVIP American Century International Fund
LVIP American Century Large Company Value Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund
LVIP BlackRock Global Allocation Fund
|
Group 1
Investments must be at least 20% of Contract Value or Account Value
|
Group 2
Investments cannot exceed 80% of Contract Value or Account Value
|
LVIP Channing Small Cap Value Fund
LVIP Dimensional International Core Equity Fund
LVIP Dimensional U.S. Core Equity 1 Fund
LVIP Dimensional U.S. Core Equity 2 Fund
LVIP Franklin Templeton Multi-Factor International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund
LVIP Global Moderate Allocation Managed Risk Fund
LVIP Government Money Market Fund
LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Wealth Builder Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index Allocation Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive Allocation Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
LVIP Vanguard Domestic Equity ETF Fund
LVIP Vanguard International Equity ETF Fund
Macquarie VIP High Income Series
Macquarie VIP Mid Cap Growth Series
MFS®VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Future Fund
Putnam VT Sustainable Leaders Fund
TOPS® Balanced ETF Portfolio
TOPS® Moderate Growth ETF Portfolio
|