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A-1 | |
B-1 |
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FEES AND EXPENSES |
Location in
Prospectus |
Charges for Early
Withdrawals |
If you make a withdrawal in excess of the free withdrawal amount before the
anniversary since your last Purchase Payment, you may be assessed a surrender charge
of up to
example, if you make a withdrawal of $100,000 during the first two years after your
Purchase Payment, you could be assessed a charge of up to $
Payment withdrawn. |
•Fee Tables •Examples •Charges and
Other
Deductions –
Surrender
Charge |
Transaction
Charges |
Depending on the state of your residence, a one-time fee of up to $35 may be charged
to set up and process a loan and the outstanding amount of the loan may be subject to a
loan maintenance fee. |
•Fee Tables •Charges and
Other
Deductions |
Ongoing Fees and
Expenses (annual
charges) |
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. |
•Fee Tables •Examples •Charges and
Other
Deductions | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract (varies by Contract) |
| |||
Investment options (fund fees and
expenses) |
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Optional benefits available for an
additional charge (for a single optional
benefit, if elected) |
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1 | ||||
2 | ||||
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, which could add surrender charges that substantially
increase costs. | ||||
Lowest Annual Cost: $ |
Highest Annual Cost: $ | |||
Assumes: |
Assumes: | |||
•Investment of $100,000 •5% annual appreciation •Least expensive fund fees and
expenses •No optional benefits •No surrender charges •No additional Purchase Payments,
transfers, or withdrawals |
•Investment of $100,000 •5% annual appreciation •Most expensive combination of
optional benefits and fund fees and
expenses •No surrender charges •No additional Purchase Payments,
transfers, or withdrawals |
|
RISKS |
Location in
Prospectus | ||
Risk of Loss |
|
•Principal Risks •Investments of
the Variable
Annuity
Account |
|
RISKS |
Location in
Prospectus |
Not a Short-Term
Investment |
|
•Principal Risks •Surrenders and
Withdrawals •Fee Tables | ||
Risks Associated
with Investment
Options |
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•Principal Risks •Investments in
the Variable
Annuity | ||
Insurance
Company Risks |
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•Principal Risks |
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RESTRICTIONS |
Location in
Prospectus | ||
Investments |
|
•Principal Risks | ||
Optional Benefits |
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•Benefits
Available
Under the
Contract •The Contracts •Appendix B –
Investment
Requirements | ||
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TAXES |
Location in
Prospectus | ||
Tax Implications |
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•Federal Tax
Matters | ||
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CONFLICTS OF INTEREST |
Location in
Prospectus | ||
Investment
Professional
Compensation |
|
•Distribution of
the Contracts •Principal Risks |
|
CONFLICTS OF INTEREST |
Location in
Prospectus | ||
Exchanges |
|
•The Contracts
– Replacement
of Existing
Insurance |
The maximum surrender charge (contingent deferred sales charge)(as a percentage of Contract Value
surrendered / withdrawn): |
%* |
|
Loan Set-up Fee (if you participate in a group retirement plan that allows for loans and such fee is
permissible by law) |
$ |
|
Administrative Expense (Annual Account Fee)1 |
|
$ |
|
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|
Base Contract Expenses (as a percentage of average Account Value in the Subaccounts): |
|
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Mortality and Expense Risk Charge |
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Loan Interest (annually of the amount held in the loan account): |
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% |
Optional Rider Charge: |
|
i4LIFE® Advantage Guaranteed Income Benefit:2 |
|
Guaranteed Annual Charge |
|
Current Annual Charge |
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Annual Fund Expenses |
Minimum |
Maximum |
|
% |
% |
Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses after any waivers or expense reimbursements.1 |
0.48
% |
1.21
% |
1 year |
3 years |
5 years |
10 years |
$ |
$ |
$ |
$ |
1 year |
3 years |
5 years |
10 years |
$ |
$ |
$ |
$ |
|
Contract Year in which
surrender/withdrawal occurs | |||||||||
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9+ |
|
Surrender charge as a percentage of the surrendered
or withdrawn proceeds |
6
% |
6 |
6 |
5 |
4 |
3 |
2 |
1 |
0 |
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Standard Benefits | |||
Name of Benefit |
Purpose |
Maximum Fee |
Brief Description of Restrictions /
Limitations |
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•
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•
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•
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•
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Optional Benefits – Available for Election | |||
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Maximum Fee |
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•One-time fee of up
to $
process loan. |
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(as a percentage of
average daily net
assets in the
Subaccounts) |
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(as a percentage of
Account Value) |
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(as a percentage of
Account Value) |
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Qualified contracts:
No additional charge
Included with i4LIFE®
Advantage
Nonqualified / IRA
contracts:
(as a percentage of
Account Value) |
|
Optional Benefits – No Longer Available for Election1
| |||
Name of Benefit |
Purpose |
Maximum Fee |
Brief Description of Restrictions /
Limitations |
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(as a percentage of
Protected Income
Base) |
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(as a percentage of
Protected Income
Base) |
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(as a percentage of
Protected Income
Base) |
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Elective Step-up Option
Elective Step-up Option
(as a percentage of
Guaranteed Amount) |
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Optional Benefits – No Longer Available for Election1 | |||
Name of Benefit |
Purpose |
Maximum Fee |
Brief Description of Restrictions /
Limitations |
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(as a percentage of
Protected Income
Base) |
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Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by |
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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N/A |
N/A |
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N/A |
N/A |
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advised by
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advised by
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advised by
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N/A |
N/A |
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advised by
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advised by
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advised by
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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(formerly LVIP Delaware Bond Fund)
advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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(formerly LVIP Delaware Diversified
Floating Rate Fund)
advised by
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(formerly LVIP Delaware Diversified
Income Fund)
advised by
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(formerly LVIP Delaware High Yield
Fund)
advised by
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(formerly LVIP Delaware Mid Cap Value
Fund)
advised by
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(formerly LVIP Delaware SMID Cap Core
Fund)
advised by
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(formerly LVIP Delaware Social
Awareness Fund)
advised by
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(formerly LVIP Delaware U.S. REIT
Fund)
advised by
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(formerly LVIP Delaware Value Fund)
advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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(formerly LVIP Delaware Wealth Builder
Fund)
advised by
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advised by
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- |
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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advised by
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N/A |
N/A |
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advised by
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advised by
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advised by
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(formerly Delaware VIP® Small Cap
Value Series)
advised by
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advised by
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- |
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advised by
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Contents
|
Page
|
B-2
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B-2
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B-2
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B-2
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B-3
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B-3
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B-4
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B-4
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B-5
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Contents
|
Page
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B-5
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B-5
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B-6
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B-6
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B-7
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B-7
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B-8
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B-8
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Name
|
Positions and Offices with Depositor
|
Craig T. Beazer*
|
Executive Vice President, General Counsel and Director
|
Jayson R. Bronchetti*
|
Executive Vice President, Chief Investment Officer and Director
|
Adam M. Cohen*
|
Senior Vice President, Chief Accounting Officer and Treasurer
|
Ellen G. Cooper*
|
President and Director
|
Stephen B. Harris*
|
Senior Vice President and Chief Ethics and Compliance Officer
|
Christopher M. Neczypor*
|
Executive Vice President, Chief Financial Officer and Director
|
Nancy A. Smith*
|
Senior Vice President and Secretary
|
Joseph D. Spada**
|
Vice President and Chief Compliance Officer for Separate Accounts
|
Eric B. Wilmer***
|
Assistant Vice President and Director
|
Name
|
Positions and Offices with Underwriter
|
Adam M. Cohen*
|
Senior Vice President and Treasurer
|
Jason M. Gibson**
|
Vice President and Chief Compliance Officer
|
Claire H. Hanna*
|
Secretary
|
John C. Kennedy*
|
President, Chief Executive Officer and Director
|
Jared M. Nepa*
|
Senior Vice President and Director
|
Thomas P. O'Neill*
|
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
|
Timothy J. Seifert Sr*
|
Senior Vice President and Director
|
SIGNATURES
(a) | As required by the Securities Act of 1933 and the Investment Company Act of 1940, each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 2nd day of April, 2024 at 9:40 am. |
Lincoln National Variable Annuity Account C
Lincoln National Variable Annuity Account L
Lincoln Life Variable Annuity Account Q
(Registrants) | By: | /s/ John D. Weber |
John D. Weber | ||
Vice President, The Lincoln National Life Insurance Company |
Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 2nd day of April, 2024 at 11:47 am.
The Lincoln National Life Insurance Company
(Depositor)
By: | /s/ Matthew L. Condos | |
Matthew L. Condos | ||
(Signature-Officer of Depositor) | ||
Senior Vice President, The Lincoln National Life Insurance Company |
Lincoln National Variable Annuity Account C (File No. 811-03214; CIK: 0000353894)
033-25990 (Amendment No. 69) | 333-179107 (Amendment No. 18) | ||
333-112927 (Amendment No. 34) | 333-267957 (Amendment No. 4) |
Lincoln National Variable Annuity Account L (File No. 811-07645; CIK: 0001015434)
333-04999 (Amendment No. 39) | 333-187069 (Amendment No. 15) | 333-187070 (Amendment No. 15) |
333-187071 (Amendment No. 15) | 333-187072 (Amendment No. 15) | 333-198911 (Amendment No. 12) |
333-198912 (Amendment No. 12) | 333-198913 (Amendment No. 12) | 333-198914 (Amendment No. 12) |
Lincoln Life Variable Annuity Account Q (File No. 811-08569; CIK: 0001048604)
333-43373 (Amendment No. 35) |
(b) | As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on April 2, 2024 at 9:40 am. |
Signature | Title | ||
*/s/ Ellen G. Cooper | President and Director | ||
Ellen G. Cooper | (Principal Executive Officer) | ||
*/s/ Christopher M. Neczypor | Executive Vice President, Chief Financial Officer, and Director | ||
Christopher M. Neczypor | |||
* /s/ Craig T. Beazer | Executive Vice President and Director | ||
Craig T. Beazer | |||
* /s/ Jayson R. Bronchetti | Executive Vice President, Chief Investment Officer, and Director | ||
Jayson R. Bronchetti | |||
* /s/ Adam M. Cohen | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | ||
Adam M. Cohen | |||
*/s/ Eric B. Wilmer | Assistant Vice President and Director | ||
Eric B. Wilmer | |||
* By | /s/ John D. Weber, Pursuant to a Power of Attorney | ||
John D. Weber |