FEES AND EXPENSES | Location in Prospectus |
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Charges for Early Withdrawals | For a Full Surrender or Partial Surrender, for up to 14 years from the date of the Policy and up to 14 years from each increase in Specified Amount, you could pay a Surrender Charge of up to $56.82 (5.682%) per $1,000 of the Specified Amount.For example, if your Policy has a face amount of $100,000 and you surrender your Policy or take an early withdrawal, you could be assessed a charge of up to $5,682. | • 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 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, 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% | 1.38% | ||
*As a percentage of Underlying Fund assets. | ||||
RISKS | Location in Prospectus |
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Risk of Loss | You can lose money by investing in the Policy, including loss of principal. | • Principal Risks of Investing in the Policy |
RISKS | Location in Prospectus |
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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 up to 14 years from the Policy Date and up to 14 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 Associated with Investment Options | • An investment in the Policy is subject to the risk of poor investment performance of the Underlying Funds.• Each Underlying Fund (including a Fixed Account investment option) and Indexed Account 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 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 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 low in relation to the insurance amount and if investment results of the Sub-Accounts and Indexed Account Option(s) 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 Lapsed. | • Principal Risks of Investing in the Policy• Lapse and Reinstatement | ||
RESTRICTIONS | Location in Prospectus |
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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 close, add, substitute or remove Sub-Accounts and/or Indexed Accounts as investment options under the Policies. An Underlying Fund may also be merged into another Underlying Fund. | • Transfer Fee• Sub-Account Availability and Substitution of Funds |
RESTRICTIONS | Location in Prospectus |
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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 |
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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. | • Tax Issues | ||
CONFLICTS OF INTEREST | Location in Prospectus |
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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) |
1) | the amount determined by the death benefit option (see below) in effect on the date of the death of the Insured, less any Debt; or |
2) | an amount equal to the Accumulation Value on the date of death multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications, less any Debt. (Please note that the investment performance of the Sub-Accounts you have chosen will impact the Accumulation Value and therefore may affect the amount of Death Benefit Proceeds payable.) |
Option | Death Benefit Proceeds Equal to the | Variability |
1 | Specified Amount (a minimum of $100,000) level death benefit, less any Partial Surrenders and Debt after the date of death. | None; level death benefit |
Option | Death Benefit Proceeds Equal to the | Variability |
2 | The greater of: a) the sum of the Specified Amount plus the Accumulation Value as of the date of the Insured’s death , less any Partial Surrenders and Debt after the date of death; or b) the Specified Amount as of the date of the Insured's death, multiplied by 115%, less any Partial Surrenders and Debt after the date of death. For all other Policies, only a) applies. |
May increase or decrease over time, depending on the amount of Premium paid and the investment performance of the Sub-Accounts or the interest credited to the Fixed Account and Indexed Account. |
3 | Sum of the Specified Amount plus the accumulated Premiums, up to the Death Benefit Option 3 limit as shown on the Policy Specifications less any Partial Surrenders and Debt after the date of death. | Will generally increase, depending on the amount of Premium paid. |
a. | the Specified Amount on the Insured’s date of death plus the Accumulation Value on the date of the Insured’s death, less any Partial Surrenders processed after the Insured’s date of death; |
b. | the Specified Amount on the Insured’s date of death plus the Enhanced Surrender Value on the date of the Insured’s death, less any Partial Surrenders processed after the Insured’s date of death; or |
c. | the Specified Amount on the date of the Insured’s death multiplied by the Death Benefit Option 2 Factor as shown in the Policy Specifications, less any Partial Surrenders processed after the Insured’s date of death. |
Name of Benefit | Purpose | Standard or Optional |
Brief Description of Restrictions/Limitations |
Basic Accelerated Benefits Riders | Advances a portion of the death benefit upon Insured being Terminally Ill, critically ill or confined to a nursing home. | Optional | • Version 1: available at Policy purchase or anytime thereafter; Version 2: available at Policy purchase only. • Availability is subject to underwriting criteria (including age and state of health).• Terminal illness coverage is up to 50% of the death benefit.• Nursing Home Confinement coverage is up to 40% of the death benefit.• Terminal Illness coverage and Nursing Home Confinement coverage is subject to an overall maximum of $250,000.• Version 2: critical illness coverage is 5% of the death benefit not to exceed $25,000 upon the occurrence of the first critical illness.• The illness or confinement must meet conditions of the Rider to qualify for payments. |
Lincoln LifeEnhance® Accelerated Benefits Rider | Advances payment of up to 100% of the Original Benefit upon the occurrence of chronic or terminal illness. | Optional | • Available at Policy purchase only.• Start of benefit payments will terminate the Business Enhanced Surrender Value Rider and Individual Exec Enhanced Surrender Value Rider, if applicable.• Availability subject to underwriting criteria (including age and state of health) at time of Policy purchase only.• The chronic illness or terminal Illness, must meet conditions of the Rider to qualify for payments. |
Name of Benefit | Purpose | Standard or Optional |
Brief Description of Restrictions/Limitations |
Lincoln LifeAssure® Accelerated Benefits Rider. | Advances up to 100% of the Original Benefit upon the occurrence of a chronic or terminal illness. | Optional | • Available at Policy purchase only.• Start of benefit payments will terminate the Business Enhanced Surrender Value Rider and Individual Exec Enhanced Surrender Value Rider.• Availability subject to underwriting criteria (including age and state of health) at time of Policy purchase only.• The chronic or terminal illness, must meet conditions of the Rider to qualify for payments.• Benefit payments received will be less than the amount accelerated because each payment is subject to a discount factor for early payment |
Long-Term Care Rider | Provides monthly benefit payments for the reimbursement of expenses incurred by the Insured for Covered Services. | Optional | • Available at Policy purchase only.• Start of benefit payments will terminate any other Accelerated Benefit Rider, Business Enhanced Surrender Value Rider and Individual Exec Enhanced Surrender Value Rider.• If you exercise any other Accelerated Benefit Rider or the Overloan Protection Rider, this rider will terminate. • Amounts we reimburse are subject to a monthly maximum dollar amount that can be accelerated each Policy Month. • Availability is subject to underwriting criteria (including age and state of health) at time of Policy purchase only.• The long-term care services must meet conditions of the Rider to qualify for reimbursement. |
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.• 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. |
Name of Benefit | Purpose | Standard or Optional |
Brief Description of Restrictions/Limitations |
Lincoln Enhanced Allocation Rider | Provides an Enhanced Value Benefit if conditions are met. | Optional | • Available at Policy purchase. • Benefit ceases to be available on the Policy when policyholder terminates, surrenders, dies, lapses or has not available money in the separate account. • The Lincoln Enhanced Allocation Rider charge will not be subtracted from the Policy’s Fixed Account. |
Business Exec Enhanced Surrender Value Rider | Provides an Enhanced Surrender Value for your Policy if fully surrendered during the Exec Enhanced Surrender Value Period. It may also provide a credit for a portion of the monthly Administrative Fees during this period depending on the Rider option elected. | Optional | • Available at Policy purchase only.• Availability is subject to underwriting criteria. |
Individual Exec Enhanced Surrender Value Rider | Provides an Enhanced Surrender Value for your Policy if fully surrendered during the Exec Enhanced Surrender Value Period. It may also provide a credit for a portion of the monthly Administrative Fees during this period depending on the Rider option elected. | Optional | • Available at Policy purchase only.• Availability is subject to underwriting criteria. |
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 if Guideline Premium Test is chosen. Not available if Cash Value Accumulation Test is chosen. 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 will be terminated• No additional Monthly Deductions will be taken• 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) |
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 issue or any time after Policy issue by contacting our Administrative Office.• You may select a quarterly, semi-annual or annual basis. • Transfers from the Fixed Account can only be elected at the time your Policy is issued. • Systematically transfers amounts form the money market Sub-Account or on a limited basis from the Fixed Account. • Automatically terminates under certain conditions. |
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 | • Available at Policy issue or any time after Policy issue by contacting our Administrative Office. • You may select a quarterly, semi-annual or annual basis.• The Fixed Account and the Indexed Account are not subject to rebalancing. • May be elected, terminated, or the allocation may be changed at any time. |
1) | the Surrender Value of the Policy is insufficient to pay the Monthly Deduction, and |
2) | the No-Lapse Provision of the Policy is not preventing the termination of the Policy, then all coverage will terminate. This is referred to as “Policy Lapse”. |
1) | because it has been exhausted by earlier deductions; |
2) | as a result of poor investment performance; |
3) | due to Partial Surrenders; |
4) | due to Debt for Policy Loans; or |
5) | because of a combination of any of these factors. |
1) | it has not been surrendered; |
2) | there is an application for reinstatement in writing; |
3) | satisfactory evidence of insurability of the Insured is furnished to us and we agree to accept the risk for the Insured; |
4) | we receive a payment sufficient to keep your Policy and any reinstated riders in force for at least two months after the date of reinstatement; and |
5) | any loan interest accrued during the Grace Period is paid and any remaining Debt is either paid or reinstated. |
Death Benefit Option in Effect |
Impact of Partial Surrender |
1 | The Specified Amount will be reduced by the greater of: a. zero; or b. an amount equal to the amount of the Partial Surrender minus the greater of i) zero and ii) the result of [(1) minus (2)] divided by (3) where: (1) is an amount equal to the Accumulation Value on the Valuation Day immediately prior to the Partial Surrender multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications; (2) is the Specified Amount immediately prior to the Partial Surrender; and (3) is the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications. |
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. |
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% in all Policy Years | ||
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: $56.82 (5.682%) per $1,000 of Specified Amount • Maximum Charge for a Representative Insured (male, age 45, standard non-tobacco, in year one): $36.60 per $1,000 of Specified Amount |
Transfer Fee | Applied to any transfer request in excess of 24 made during any Policy Year. | $25 for each additional transfer |
* | Charge varies based on individual characteristics. The charges and costs shown in the table may not be representative of the charges and costs that a particular Owner will pay. You may obtain more information about the particular charges that would apply to you by requesting a personalized policy illustration from your registered representative. |
1 | The Maximum Sales Charge Imposed on Premiums is anticipated to cover the Company's costs for sales expenses and any policy-related state and federal tax liabilities. Policy-related taxes imposed by states range from 0% to 5%. In considering policy-related state taxes component of the sales charge, the Company considers the average of the taxes imposed by the states rather than any taxes specifically imposed by the state in which the Owner resides. We use an average of 3% to account for state and federal tax obligations. |
2 | During the life of the Policy, you may request one or more Partial Surrenders, each of which may not exceed 90% of your Policy's Surrender Value as of the date of your request. If you wish to surrender more than 90% of your Policy's Surrender Value, you must request a Full Surrender of your Policy, which is subject to the Surrender Charge reflected in the table above. (See section headed “Partial Surrenders” for a discussion of Partial Surrenders of your Policy.) |
3 | For up to 14 years from the Policy Date and up to 14 years from the Effective Date of each increase in Specified Amount, a Surrender Charge will be deducted at the time you effect a Full Surrender of your Policy. For up to 14 years from the Policy Date or up to 14 years from the Effective Date of each increase in Specified Amount, a Surrender Charge will be deducted at the time you effect a Reduction in Specified Amount. |
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: $83.33333 per $1,000 | ||
• Minimum: $0.00000 per $1,000 | ||
• Maximum Charge for a Representative Insured (male, age 45, standard non-tobacco, in year one): $0.21195 per $1,000 | ||
Mortality and Expense Risk Charge (“M&E”) | Monthly | Maximum of 0.25%, effective annual rate, as a percentage of Separate Account value, calculated monthly |
Administrative Fee* | Monthly | Maximum of $15, plus an additional amount up to a maximum of $63.98 per $1,000 of Initial Specified Amount or increase in Specified Amount |
Maximum Asset Charge2 | The first day a Segment begins | 3% |
Policy Loan Interest3 | Annually | Fixed Loan: as a percentage of amount held in the Loan Account. |
• 4% | ||
Participating Loan: as a percentage of the loaned amount held against the Holding Account Value and the Indexed Account Value. | ||
• 5.50% | ||
Interest on Accelerated Benefit Lien | Annually | 4%, as an annualized percentage of Accelerated Benefit up to Surrender Value. |
Variable, as an annualized percentage of Accelerated Benefit exceeding Surrender Value.4 | ||
Overloan Protection Rider | Upon use of the benefit | One-time charge of up to a maximum of 3%, as a percentage of current Accumulation Value |
Optional Benefit Charges | ||
Basic Accelerated Benefits Riders5 | Upon any payment of the rider’s benefit | $250, deducted from the benefit payment |
Charge | When Charge is Deducted | Amount Deducted |
Business Exec Enhanced Surrender Value Rider | Monthly (in Policy Years 2 – 5 only) | A dollar amount per $1,000 of Initial Specified Amount6 |
• Option 1: $0.0625 | ||
• Option 2: $0.1875 | ||
Individual Exec Enhanced Surrender Value Rider | Monthly (in Policy Years 2 – 5 only) | A dollar amount per $1,000 of Initial Specified Amount7 |
• Option 1: $0.0625 | ||
• Option 2: $0.1875 | ||
Lincoln LifeEnhance® Accelerated Benefits Rider Cost of Insurance* | Monthly | As a dollar amount per $1,000 of Net Amount at Risk or Rider Net Amount at Risk, as applicable: |
• Maximum: $4.47 per $1,0008 | ||
• Minimum: $0.00 per $1,000 | ||
• Maximum Charge for a Representative Insured (male, age 45, standard non-tobacco, in year one): $0.09418 per $1,000 | ||
Lincoln LifeAssure® Accelerated Benefits Rider | Upon any payment of the rider’s benefit | $250, deducted from the benefit payment |
Long-Term Care Rider* | Monthly | Administrative LTC Rider Fee for the first 10 Policy Years from the Policy Date |
• Maximum: $0.017 per $1,000 | ||
• Minimum: $0.001 per $1,000 | ||
• Maximum Charge for a Representative Insured (male, age 45): $0.004 per $1,000 | ||
Plus a dollar amount per $1,000 of Rider Net Amount at Risk | ||
• Maximum: $3.67655 per $1,000 | ||
• Minimum: $0.00094 per $1,000 | ||
• Maximum Charge for a Representative Insured (male, age 45, 2% Maximum Monthly LTC Benefit Percentage, in year one): $0.00465 per $1,000 |
Charge | When Charge is Deducted | Amount Deducted |
Waiver of Monthly Deduction Rider9 | 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% |
* | These charges and costs vary based on individual characteristics. The charges and costs shown in the table may not be representative of the charges and costs that a particular Owner will pay. You may obtain more information about the particular charges, cost of insurance, and the cost of certain riders that would apply to you by requesting a personalized policy illustration from your registered representative. |
1 | Individuals with a higher mortality risk than standard issue individuals can be charged from 125% to 800% of the standard rate. However, under no circumstances would it be higher than the maximum amount shown in the table above. |
2 | The Indexed Account Asset Charge compensates the Company for the costs of hedging and investment related expenses associated with the Indexed Account. |
3 | Interest on Fixed Loans accrues daily at an effective annual rate of 4% in years 1 – 10 and 3% thereafter. Interest on Participating Loans accrues daily at an effective annual rate of 5.50% in years 1 through Attained Age 121. See the section headed “Policy Loans” for a more detailed discussion. |
4 | Under the basic Accelerated Benefits Riders, payments of benefits are considered as liens, which as described more fully in the section headed “Policy Loans”, are charged interest as shown in the Table above. Variable interest shall be at a rate not to exceed higher of (i) published monthly average of Moody's Corporate Bond Yield Average - Monthly Average Corporates (determined 30 days in advance of beginning of Policy Year) and (ii) the rate used to compute the Accumulation Value of the Fixed Account plus 1%. Although deducted annually, interest accrues daily. |
5 | There are two versions of this rider, and the charge for each version of the rider is the same. See Riders section for detailed discussion of the terms of each rider, including that the payment of a benefit under either version of the Rider is considered a loan against the Policy. |
6 | This rider is optional if the Policy is applied for on an individual basis, but owned by a corporation or business. See sections headed “Business Exec Enhanced Surrender Value Rider” in the Riders section of this prospectus for a detailed discussion. |
7 | This rider is optional if the Policy is applied for on an individual basis. See section headed “Individual Exec Enhanced Surrender Value Rider ” in the Riders section of this prospectus for detailed discussion. |
8 | Individuals with higher mortality risk than standard issue individuals can be charged from 125% to 800% of the standard rate. However, under no circumstances would it be higher than the maximum amount shown in the table above. |
9 | These charges and costs vary based on individual characteristics. The charges and costs shown in the tables may not be representative of the charges and costs that a particular Owner will pay. “Covered monthly charges” are the Monthly Deductions under the Policy: the Cost of Insurance Charge, Administrative Fee, and the cost of any riders. You may obtain more information about the particular charges, cost of insurance, and the cost of certain riders that would apply to you by requesting a personalized policy illustration from your registered representative. |
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% | 1.38%1 |
1 | The Total Annual Operating Expenses shown in the table do not reflect waivers and reductions. Underlying Funds may |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
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1 year | 5 year | 10 year | |||
Long-term growth of capital. | AB VPS Global Thematic Growth Portfolio - Class A | 0.95%2 | 39.41% | 17.32% | 9.95% |
Long-term growth of capital. | AB VPS Small/Mid Cap Value Portfolio - Class A | 0.83% | 3.37% | 8.35% | 8.75% |
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. | American Century VP Balanced Fund - Class I | 0.86%2 | 12.53% | 9.59% | 8.87% |
Long-term growth of capital. | American Funds Global Growth Fund - Class 2 | 0.81% | 30.47% | 16.26% | 12.86% |
Long-term capital growth. | American Funds Global Small Capitalization Fund - Class 2 | 0.99% | 29.72% | 14.43% | 9.43% |
Growth of capital. | American Funds Growth Fund - Class 2 | 0.61% | 52.08% | 22.75% | 16.85% |
Long-term growth of capital and income. | American Funds Growth-Income Fund - Class 2 | 0.55% | 13.55% | 13.93% | 12.74% |
Long-term growth of capital. | American Funds International Fund - Class 2 | 0.80% | 13.97% | 10.73% | 6.68% |
High total investment return. | BlackRock Global Allocation V.I. Fund - Class I | 0.76%2 | 21.01% | 9.42% | 6.86% |
Long-term growth of capital. | ClearBridge Variable Mid Cap Portfolio - Class I advised by Legg Mason Partners Fund Advisor, LLC |
0.85% | 15.35% | 10.60% | 11.03% |
Long-term capital appreciation. | Delaware VIP® Emerging Markets Series - Standard Class3 | 1.23%2 | 25.08% | 15.64% | 5.09% |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
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1 year | 5 year | 10 year | |||
Capital Appreciation. | Delaware VIP® Small Cap Value Series - Standard Class3 | 0.78% | -1.90% | 9.04% | 8.67% |
Capital Appreciation. A fund of funds. | DWS Alternative Asset Allocation VIP Portfolio - Class A | 0.80% | 5.71% | 4.50% | 2.66% |
Long-term capital appreciation. | Fidelity® VIP Contrafund® Portfolio - Service Class | 0.71% | 30.43% | 16.07% | 13.40% |
To achieve capital appreciation. | Fidelity® VIP Growth Portfolio - Service Class | 0.72% | 43.75% | 21.20% | 17.14% |
Long-term growth of capital. | Fidelity® VIP Mid Cap Portfolio - Service Class | 0.72% | 18.04% | 10.96% | 9.39% |
To maximize income while maintaining prospects for capital appreciation. | Franklin Income VIP Fund - Class 1 | 0.47%2 | 0.97% | 7.22% | 6.25% |
Capital appreciation; income is a secondary consideration. | Franklin Mutual Shares VIP Fund - Class 1 | 0.73% | -4.85% | 6.15% | 7.26% |
Long-term growth of capital. | Invesco V.I. International Growth Fund - Series I Shares | 0.92% | 14.00% | 8.82% | 6.72% |
Maximize long-term total return. | JPMorgan Insurance Trust Global Allocation Portfolio - Class 1 | 0.92%2 | 15.69% | 9.56% | N/A |
Capital Appreciation. | LVIP Baron Growth Opportunities Fund - Service Class | 1.18%2 | 34.08% | 18.73% | 15.04% |
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 | 0.42%2 | 1.98% | N/A | N/A |
Total return through a combination of current income and long-term capital appreciation. | LVIP BlackRock Global Real Estate Fund - Standard Class | 0.81%2 | -2.21% | 4.66% | 5.21% |
To maximize real return, consistent with preservation of real capital and prudent investment management. | LVIP BlackRock Inflation Protected Bond Fund - Standard Class | 0.49% | 5.28% | 3.42% | 2.63% |
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 | 0.39%2 | 3.34% | N/A | N/A |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
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1 year | 5 year | 10 year | |||
Maximum current income (yield) consistent with a prudent investment strategy. | LVIP Delaware Bond Fund - Standard Class3 | 0.37% | 9.87% | 4.99% | 4.29% |
Total return. | LVIP Delaware Diversified Floating Rate Fund - Standard Class3 | 0.63%2 | 1.36% | 2.19% | 1.55% |
Maximum long-term total return consistent with reasonable risk. | LVIP Delaware Diversified Income Fund - Standard Class3 | 0.54%2 | 11.04% | 5.51% | 4.37% |
Maximum total return, consistent with reasonable risk. | LVIP Delaware Limited-Term Diversified Income Fund - Standard Class3 | 0.53%2 | 4.31% | 2.79% | 2.10% |
To maximize long-term capital appreciation. | LVIP Delaware Mid Cap Value Fund - Standard Class3 | 0.44% | 0.51% | 9.64% | 9.56% |
Maximum long-term total return, with capital appreciation as a secondary objective. | LVIP Delaware REIT Fund - Standard Class3 | 0.83%2 | -10.41% | 2.53% | 7.27% |
Long-term capital appreciation. | LVIP Delaware SMID Cap Core Fund - Standard Class3 | 0.80%2 | 11.08% | 10.21% | 11.83% |
To maximize long-term capital appreciation. | LVIP Delaware Social Awareness Fund - Standard Class3 | 0.45% | 19.69% | 14.08% | 13.28% |
Long-term capital appreciation. | LVIP Delaware U.S. Growth Fund - Standard Class3 | 0.73% | 44.13% | 16.70% | 15.80% |
Long-term capital appreciation. | LVIP Delaware Value Fund - Standard Class3 | 0.69%2 | 0.41% | 8.86% | 11.30% |
Long-term capital appreciation. | LVIP Dimensional International Core Equity Fund - Standard Class | 0.62%2 | 6.86% | 7.22% | N/A |
Long-term capital appreciation. | LVIP Dimensional U.S. Core Equity 1 Fund - Standard Class | 0.40%2 | 16.40% | 14.19% | 12.85% |
Long-term capital appreciation. | LVIP Dimensional U.S. Core Equity 2 Fund - Standard Class | 0.49%2 | 15.34% | 13.15% | 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 | 0.74%2 | 7.07% | 6.43% | 5.86% |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
||
1 year | 5 year | 10 year | |||
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 | 0.71%2 | 5.86% | 6.83% | 5.56% |
Current income consistent with the preservation of capital. | LVIP Global Income Fund - Standard Class | 0.70%2 | 6.78% | 4.16% | 2.62% |
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 | 0.71%2 | 6.10% | 6.60% | 5.56% |
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 | 0.42% | 0.28% | 0.78% | 0.40% |
A high level of current income; capital appreciation is the secondary objective. | LVIP JPMorgan High Yield Fund - Standard Class | 0.68%2 | 5.56% | 6.98% | 5.71% |
Long-term capital appreciation. | LVIP MFS International Growth Fund - Standard Class | 0.79%2 | 14.54% | 12.44% | 7.77% |
Capital Appreciation. | LVIP MFS Value Fund - Standard Class | 0.67% | 3.66% | 10.20% | 10.93% |
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 | 0.78% | -4.97% | 4.65% | 4.18% |
To match as closely as practicable, before fees and expenses, the performance of the Barclays Capital U.S. Aggregate Index. | LVIP SSGA Bond Index Fund - Standard Class | 0.34%2 | 7.49% | 4.12% | 3.50% |
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 | 0.51%2 | 12.18% | 7.46% | 5.92% |
A high level of current income, with some consideration given to growth of capital. A fund of funds. | LVIP SSGA Conservative Structured Allocation Fund - Standard Class | 0.57% | 9.68% | 6.77% | 5.54% |
To maximize long-term capital appreciation. | LVIP SSGA Developed International 150 Fund - Standard Class | 0.40%2 | -4.10% | 4.93% | 3.97% |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
||
1 year | 5 year | 10 year | |||
To maximize long-term capital appreciation. | LVIP SSGA Emerging Markets 100 Fund - Standard Class | 0.44%2 | 2.65% | 6.73% | 0.33% |
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 | 0.37%2 | 7.85% | 7.34% | 5.20% |
To maximize long-term capital appreciation. | LVIP SSGA Large Cap 100 Fund - Standard Class | 0.36%2 | 2.98% | 10.96% | 11.31% |
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 | 0.51% | 13.83% | 9.04% | 7.11% |
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 SSGA Moderate Structured Allocation Fund - Standard Class | 0.54% | 9.86% | 8.02% | 6.57% |
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 | 0.51% | 14.28% | 9.73% | 7.42% |
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 Structured Allocation Fund - Standard Class | 0.56% | 9.28% | 8.38% | 6.71% |
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 | 0.23% | 18.03% | 14.94% | 13.60% |
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 | 0.38%2 | 19.20% | 12.73% | 10.72% |
To maximize long-term capital appreciation. | LVIP SSGA Small-Mid Cap 200 Fund - Standard Class | 0.40%2 | 5.98% | 8.74% | 8.26% |
Long-term capital growth. | LVIP T. Rowe Price Growth Stock Fund - Standard Class | 0.67%2 | 36.47% | 19.11% | 16.66% |
Investment Objective | Fund and Adviser/Sub-adviser1 |
Current Expenses | Average Annual Total Returns (as of 12/31/2020) |
||
1 year | 5 year | 10 year | |||
To maximize capital appreciation. | LVIP T. Rowe Price Structured Mid-Cap Growth Fund - Standard Class | 0.73%2 | 31.69% | 18.67% | 14.99% |
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 | 0.77%2 | 8.50% | 7.78% | N/A |
Total return consistent with the preservation of capital. A fund of funds. | LVIP Vanguard Bond Allocation Fund - Standard Class | 0.38% | 5.68% | 3.58% | N/A |
Long-term capital appreciation. A fund of funds. | LVIP Vanguard Domestic Equity ETF Fund - Standard Class | 0.32%2 | 19.82% | 14.87% | N/A |
Long-term capital appreciation. A fund of funds. | LVIP Vanguard International Equity ETF Fund - Standard Class | 0.35%2 | 10.89% | 8.99% | N/A |
Capital growth. | LVIP Wellington Capital Growth Fund - Standard Class | 0.71%2 | 43.03% | 22.76% | 17.47% |
Long-term capital appreciation. | LVIP Wellington SMID Cap Value Fund - Standard Class | 0.83%2 | 1.77% | 7.82% | 8.90% |
Capital Appreciation. | MFS® VIT Growth Series - Initial Class | 0.73% | 31.86% | 20.28% | 16.80% |
Total return. | MFS® VIT Total Return Series - Initial Class | 0.61%2 | 9.81% | 8.86% | 8.34% |
Total return. | MFS® VIT Utilities Series - Initial Class | 0.79% | 5.90% | 11.37% | 9.20% |
Maximum real return, consistent with prudent investment management. | PIMCO VIT CommodityRealReturn® Strategy Portfolio - Administrative Class | 1.24%2 | 1.35% | 2.67% | -5.39% |
High current income consistent with preservation of capital; capital appreciation is a secondary objective. | Templeton Global Bond VIP Fund - Class 1 advised by Franklin Advisers, Inc. |
0.49%2 | -5.07% | 0.91% | 1.81% |
Income and capital appreciation. A fund of funds. | TOPS® Balanced ETF Portfolio – Class 2 Shares | 0.55% | 8.40% | 7.26% | N/A |
Capital Appreciation. A fund of funds. | TOPS® Moderate Growth ETF Portfolio – Class 2 Shares | 0.54% | 10.60% | 9.08% | N/A |
1 | The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the Underlying Fund or the fund company. |
2 | This fund is subject to an expense reimbursement or a fee waiver arrangement. As a result, this funds annual expenses reflect temporary expense reductions. See the fund prospectus for additional information. |
3 | Investments in Delaware VIP Series, Delaware Funds, LVIP Delaware Funds or Lincoln Life accounts managed by Macquarie Investment Management Advisers, a series of Macquarie Investments Management Business Trust, are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46008 583 542 and its holding companies, including their subsidiaries or related companies, and are subject to investment risk, including possible delays in prepayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the series or funds or accounts, the repayment of capital from the series or funds or account, or any particular rate of return. |
4 | The Index to which this fund is managed is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by one or more of the portfolio’s service providers (licensee). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the licensees. S&P®, S&P GSCI® and the Index are trademarks of S&P and have been licensed for use by SPDJI and its affiliates and sublicensed for certain purposes by the licensee. The Index is not owned, endorsed, or approved by or associated with any additional third party. The licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S& P, their respective affiliates, or their third party licensors, and none of these parties or their respective affiliates or third party licensors make any representation regarding the advisability of investing in such products, nor do they have any liability for any errors, omissions, or interruptions of the Index. |