Age at Issue 0 – 65
|
|
1.00%
|
Age at Issue 66 – 80
|
|
1.25%
|
Age
|
PAI Rate
|
0 – 54
|
4.50%
|
55 – 58
|
5.00%
|
59 – 69
|
5.50%
|
70+
|
6.00%
|
Single Life GIB Percentage
|
Joint Life GIB Percentage
|
||
Age
|
GIB Percentage
|
Age
|
GIB Percentage
|
Under 40
|
2.50%
|
Under 40
|
2.50%
|
40-54
|
3.00%
|
40-54
|
3.00%
|
55-58
|
3.50%
|
55-58
|
3.50%
|
59-64
|
4.00%
|
59-69
|
4.00%
|
65-69
|
4.50%
|
70-74
|
4.50%
|
70-79
|
5.00%
|
75-79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.50%
|
Item
|
Page
|
3
|
|
5
|
|
7
|
|
9
|
|
11
|
|
13
|
|
15
|
|
17
|
|
18
|
|
19
|
|
22
|
|
23
|
|
26
|
|
30
|
|
31
|
|
35
|
|
42
|
|
43
|
|
46
|
|
47
|
|
53
|
|
53
|
|
53
|
|
53
|
|
54
|
|
54
|
|
A-1
|
|
B-1
|
|
C-1
|
|
D-1
|
|
E-1
|
|
FEES AND EXPENSES
|
Location in
Prospectus
|
||
Charges for Early
Withdrawals
|
There are no surrender charges associated with the Contract.
|
•N/A
|
||
Transaction
Charges
|
There are no sales charges associated with the Contract.
|
•N/A
|
||
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. 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
|
||
|
Annual Fee
|
Minimum
|
Maximum
|
|
|
Base Contract - Account Value Death
Benefit
|
0.62%1
|
0.62%1
|
|
|
Base Contract – Guarantee of Principal
Death Benefit Base Contract – Guarantee
of Principal Death Benefit
|
0.67%1
|
0.67%1
|
|
|
Base Contract – Enhanced Guaranteed
Minimum Death Benefit
|
0.92%1
|
0.92%1
|
|
|
Base Contract – Estate Enhancement
Benefit
|
1.12%1
|
1.12%1
|
|
|
Investment options (fund fees and
expenses)
|
0.23%1
|
3.73%1
|
|
|
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
|
0.40%1
|
2.45%2
|
|
|
1 As a percentage of average Account Value in the Subaccounts.
|
|
||
|
2 As an annualized percentage of the Protected Income Base.
|
|
||
|
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.
|
|
||
|
Lowest Annual Cost: $1,026
|
Highest Annual Cost: $6,615
|
|
|
|
Assumes:
|
Assumes:
|
|
|
|
•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
|
|
|
RISKS
|
Location in
Prospectus
|
||
Risk of Loss
|
•You can lose money by investing in this Contract, including loss of principal.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
||
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
|
||
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
Life, including our financial strength ratings, is available upon request by calling
1-
800-454-6265 or visiting www.LincolnFinancial.com.
|
•Principal Risks
|
||
|
RESTRICTIONS
|
Location in
Prospectus
|
||
Investments
|
•The frequency of transfers between investment options is restricted. There are also
restrictions on the minimum amount that may be transferred from a variable option
and the maximum amount that may be transferred from the fixed account option.
•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.
|
•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
|
|
TAXES
|
Location in
Prospectus
|
||
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
|
||
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
|
There are no sales charges, deferred sales charges, or surrender charges associated
with this Contract. We may apply an
Interest Adjustment to amounts being withdrawn, surrendered or transferred from a
Guaranteed Period account (except for
dollar cost averaging and Regular Income Payments under i4LIFE® Advantage). See Fixed Side of the Contract.
|
|
Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)1
|
|
|
Account Value Death Benefit
|
|
0.60%
|
Guarantee of Principal Death Benefit
|
|
0.65%
|
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
|
0.90%
|
Estate Enhancement Benefit (EEB)
|
|
1.10%
|
|
Single
Life
|
Joint
Life
|
Optional Benefit Expenses (Protected Lifetime Income Fees)
|
|
|
Lincoln Wealth PassSM:2
|
|
|
Guaranteed Maximum Annual Charge
|
|
|
Age at Issue 0 – 65
|
2.25%
|
N/A
|
Age at Issue 66 – 80
|
2.25%
|
N/A
|
Lincoln Lifetime IncomeSM Advantage 2.0:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Annual Charge
|
1.25%
|
1.50%
|
Lincoln SmartSecurity® Advantage:5
|
|
|
Guaranteed Maximum Charge
|
1.50%
|
1.50%
|
Current Annual Charge
|
1.00%
|
1.25%
|
4LATER® Advantage (Managed Risk):6, 7
|
|
|
Guaranteed Maximum Charge
|
2.00%
|
2.00%
|
Current Annual Charge
|
1.25%
|
1.50%
|
i4LIFE® Advantage:8
|
|
|
Current Annual Charge
|
0.40%
|
0.40%
|
i4LIFE® Advantage Select Guaranteed Income Benefit:9
|
|
|
Guaranteed Maximum Charge
|
2.25%
|
2.45%
|
Current Annual Charge
|
1.10%
|
1.30%
|
|
|
|
|
|
|
i4LIFE® Advantage Guaranteed Income Benefit (version 4):9
|
|
|
Guaranteed Maximum Charge
|
2.00%
|
2.00%
|
Current Annual Charge
|
0.95%
|
1.15%
|
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 before reimbursements.
|
0.23
%
|
3.73
%
|
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
|
0.23
%
|
1.25
%
|
1 year
|
3 years
|
5 years
|
10 years
|
$7,387
|
$21,616
|
$35,147
|
$66,147
|
1 year
|
3 years
|
5 years
|
10 years
|
$7,387
|
$21,616
|
$35,147
|
$66,147
|
|
Estate
Enhancement
Benefit Rider (EEB)*
|
Enhanced Guaranteed
Minimum Death
Benefit (EGMDB)
|
Guarantee of
Principal Death
Benefit
|
Account Value
Death Benefit
|
Mortality and expense
risk charge
|
1.00
%
|
0.80
%
|
0.55
%
|
0.50
%
|
Administrative charge
|
0.10
%
|
0.10
%
|
0.10
%
|
0.10
%
|
Total base contract
expense
|
1.10
%
|
0.90
%
|
0.65
%
|
0.60
%
|
Standard Benefits
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Account Value Death
Benefit
|
Provides a Death Benefit equal to the
Contract Value.
|
•0.60%
|
•Poor investment performance could
significantly reduce the benefit.
•Withdrawals could significantly reduce
the benefit.
|
Guarantee of Principal
Death Benefit
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals.
|
•0.65%
|
•Withdrawals could significantly reduce
the benefit.
|
Enhanced Guaranteed
Minimum Death
Benefit (EGMDB)
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals; (3) the highest Contract Value
on any contract anniversary prior to age 81
as adjusted for withdrawals.
|
•0.90%
|
•Not available if age 80 or older at the
time of issuance.
•Withdrawals could significantly reduce
the benefit.
•Poor investment performance could
significantly reduce and limit potential
increases to the highest Contract Value.
|
Dollar-Cost Averaging
|
Allows you to automatically transfer
amounts between certain investment
options on a monthly basis.
|
None
|
•Minimum amount to be dollar cost
averaged is $1,500 over any time period
between 3 and 60 months.
•Cannot be used simultaneously with
portfolio rebalancing.
|
Portfolio Rebalancing
|
Allows you to automatically reallocate your
Contract Value among investment options
on a periodic basis based on your standing
allocation instructions.
|
None
|
•Cannot be used simultaneously with
dollar cost averaging.
|
Automatic Withdrawal
Service
|
Allows you to take periodic withdrawals
from your Contract automatically.
|
None
|
•Automatically terminates once i4LIFE®
Advantage begins.
|
Advisory Fee
Withdrawals
|
Allows you to take withdrawals from your
Contract to pay the advisory fees.
|
None
|
•May not be available in all states.
•May not be available for all Living Benefit
Riders.
•The deduction of advisory fees from
Contract Value may reduce the Death
Benefit and other guaranteed benefits
(unless the requirements listed above are
met), and may be subject to federal and
state income taxes and a 10% federal
penalty tax.
|
Optional Benefits – Available for Election
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
i4LIFE® Advantage
|
Provides:
•Variable periodic Regular Income
Payments for life.
•The ability to make additional
withdrawals and surrender the Contract
during the Access Period.
|
•i4LIFE® Advantage:
0.40% in addition to
the base contract
expense for the
Death Benefit you
have elected.
|
•Withdrawals could significantly reduce or
terminate the benefit.
•Restrictions apply to the length of the
Access Period.
•Additional Purchase Payments may be
subject to restrictions.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Estate Enhancement
Benefit Rider
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals; (3) the highest Contract Value
on any contract anniversary prior to age 81
(decreased proportionately by subsequent
withdrawals); (4) current Contract Value
plus an amount based on earnings under the
Contract.
|
•1.10%
|
•If there are no contract earnings, the
calculations of the Death Benefit using
contract earnings will not be available.
•Withdrawals could significantly reduce
the benefit.
|
Lincoln Lifetime
IncomeSM Advantage
2.0
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base;
•Age-based increases to the Protected
Annual Income amount
|
•2.00%
(as a percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Subject to a $10 million maximum
across all Living Benefit Riders.
•Excess withdrawals could significantly
reduce or terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
|
Lincoln Wealth
PassSM
|
•Provides income payments that
guarantee a return of principal over your
life expectancy.
•Designed for a Beneficiary with Death
Benefit proceeds from another
nonqualified contract, or from a qualified
(IRA and Roth IRA) contract or a
qualified retirement plan if the original
Contractowner died on or before
December 31, 2019.
|
•2.25%
(as an annualized
percentage of
Protected Amount)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Subject to $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Additional Purchase Payments may be
limited.
|
Lincoln
SmartSecurity®
Advantage
|
Provides:
•A minimum guaranteed amount that you
can withdraw, in installments, from your
Contract. Lifetime periodic withdrawals
may also be available if certain
conditions are met.
|
•1.50%
(as an annualized
percentage of the
Guaranteed
Amount)
|
•Withdrawals could significantly reduce or
terminate the benefit.
•Investment Requirements apply.
•Subject to a $10 million maximum
across all Living Benefit Riders.
•Additional Purchase Payments may be
limited.
•A step-up of the Guaranteed Amount
may increase the fee rate.
|
4LATER® Advantage
(Managed Risk)
|
Provides:
•Protected Income Base which will be
used to establish the amount of the
Guaranteed Income Benefit upon the
election of i4LIFE® Advantage;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base.
You must later transition to i4LIFE®
Advantage Guaranteed Income Benefit
(Managed Risk) in order to receive a
benefit from 4LATER® Advantage
(Managed Risk).
|
•2.00% (as a
percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Withdrawals could significantly reduce or
terminate the benefit.
•Not available for purchase with a
qualified contract.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Additional Purchase Payments may be
limited.
•Purchase Payments and step-ups may
increase fee rate.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
i4LIFE® Advantage
Guaranteed Income
Benefit
|
•Provides a minimum payout floor for
Regular Income Payments under i4LIFE®
Advantage.
|
•Select Guaranteed
Income Benefit:
2.25%* (single life
option); 2.45%*
(joint life option)
•Guaranteed Income
Benefit (version 4):
2.00%* (single/joint
life option)
*The Guaranteed
Income Benefit
charge is in addition
to the i4LIFE®
Advantage charge
and your base
contract expense.
|
•Guaranteed Income Benefit limits
available investment options (Investment
Requirements apply).
•Withdrawals could significantly reduce or
terminate the benefit.
•Restrictions apply to the length of the
Access Period.
•Additional Purchase Payments can be
subject to restrictions.
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant
|
The Contractowner is a trust or
other non-natural person**
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
7/3/2024 Initial Deposit / Contract Value
|
$10,000
|
7/3/2028 Contract Value
|
$25,000
|
7/3/2029 Contract Value
|
$23,500
|
|
Minimum Access Period
|
Maximum Access Period
|
i4LIFE® Advantage (without a Guaranteed Income
Benefit) for new elections on and after November 20,
2023
|
10 years
|
The length of time between
your age and age 115 for
nonqualified contracts; age
100 for qualified contracts
|
i4LIFE® Advantage (without a Guaranteed Income
Benefit) for elections prior to November 20, 2023
|
5 years
|
The length of time between
your age and age 115 for
nonqualified contracts; age
100 for qualified contracts
|
Select Guaranteed Income Benefit
Guaranteed Income Benefit (Managed Risk)
|
Longer of 20 years or the difference between your age
(nearest birthday) and age 90
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
Guaranteed Income Benefit (version 4)
|
Longer of 20 years or the difference between your age
(nearest birthday) and age 100
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
|
Tier 1
|
Tier 2
|
Minimum Threshold Value
|
$500,000
|
$1,000,000
|
Credit Percentage (Annually)
|
0.10%
|
0.20%
|
Credit Percentage (Quarterly)
|
0.025%
|
0.050%
|
Account Value (equals Contract Value on date i4LIFE® Advantage
Guaranteed Income Benefit is elected)
|
$100,000
|
|
Guaranteed Amount/Protected Income Base on date i4LIFE®
Advantage Guaranteed Income Benefit is elected:
|
$140,000
|
|
Initial Regular Income Payment
|
$5,411
|
|
Initial Guaranteed Income Benefit (4.5% x $140,000 Guaranteed
Amount/Protected Income Base which is greater than $100,000
Account Value)
|
$6,300
|
|
i4LIFE® Account Value before market decline
|
$135,000
|
i4LIFE® Account Value after market decline
|
$100,000
|
Monthly Guaranteed Income Benefit
|
$810
|
Monthly Regular Income Payment after market decline
|
$769
|
Account Value after market decline and Guaranteed Income Benefit
payment
|
$99,190
|
8/1/2024 Amount of initial Regular Income Payment
|
$4,801
|
8/1/2024 Account Value at election of Guaranteed Income Benefit (version 4)
|
$100,000
|
8/1/2024 Initial Guaranteed Income Benefit (4% x $100,000 Account Value)
|
$4,000
|
8/1/2025 Recalculated Regular Income Payment
|
$6,000
|
8/1/2025 Guaranteed Income Benefit after step-up (75% of $6,000)
|
$4,500
|
i4LIFE® Advantage Guarantee of Principal Death Benefit
|
$200,000
|
|
Regular Income Payment
|
$25,000
|
|
Account Value at the time of additional withdrawal
|
$150,000
|
|
Additional withdrawal
|
$15,000
|
($15,000/$150,000=10% withdrawal)
|
|
|
|
Death Benefit Value after Regular Income Payment = $200,000 - $25,000 = $175,000
|
||
Reduction in Death Benefit value for withdrawal = $175,000 x 10% = $17,500
|
||
Death Benefit Value after additional withdrawal = $175,000 - $17,500 = $157,500
|
If your Prior Rider is...
|
you will transition to…
|
4LATER® Advantage (Managed Risk)
|
Guaranteed Income Benefit (Managed Risk)
|
Lincoln Lifetime IncomeSM Advantage 2.0
|
Guaranteed Income Benefit (version 4)
|
Minimum Access Period
|
||
|
Elections of i4LIFE® Advantage prior
to the 5th Benefit Year anniversary
|
Elections of i4LIFE® Advantage on and
after the 5th Benefit Year anniversary
|
Purchasers of:
•Lincoln Lifetime IncomeSM Advantage
2.0 on or after April 2, 2012
|
Longer of 20 years or the difference
between your age and age 90
|
Longer of 20 years or the difference
between your age and age 90
|
Purchasers of:
•4LATER® Advantage (Managed Risk)
•Lincoln Lifetime IncomeSM Advantage
2.0 prior to April 2, 2012
|
Longer of 20 years or the difference
between your age and age 90
|
Longer of 15 years or the difference
between your age and age 85
|
i4LIFE® Regular Income Payment before additional withdrawal
|
$1,200
|
|
Guaranteed Income Benefit before additional withdrawal
|
$900
|
|
Account Value at time of additional withdrawal
|
$150,000
|
|
Additional withdrawal
|
$15,000
|
(a 10% withdrawal)
|
|
|
|
Reduction in Guaranteed Income Benefit for additional withdrawal = $900 x 10% = $90
|
||
Guaranteed Income Benefit after additional withdrawal = $900 - $90 = $810
|
(1+A)n
|
–1
|
(1+B+K)n
|
where:
|
||
A
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the Subaccount’s Guaranteed Period, determined at
the beginning of the Guaranteed Period.
|
B
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the time remaining
in the Guaranteed Period if greater
than one year, determined at the time of surrender, withdrawal or transfer. For remaining
periods of one year or less, the
yield rate for a one year U.S. Treasury security is used.
|
K
|
=
|
a 0.25% adjustment (unless otherwise limited by applicable state law). This adjustment
builds into the formula a factor
representing direct and indirect costs to us associated with liquidating general account
assets in order to satisfy
surrender requests. This adjustment of 0.25% has been added to the denominator of
the formula because it is anticipated
that a substantial portion of applicable general account portfolio assets will be
in relatively illiquid securities. Thus, in
addition to direct transaction costs, if such securities must be sold (e.g., because
of surrenders), the market price may be
lower. Accordingly, even if interest rates decline, there will not be a positive adjustment
until this factor is overcome, and
then any adjustment will be lower than otherwise, to compensate for this factor. Similarly,
if interest rates rise, any
negative adjustment will be greater than otherwise, to compensate for this factor.
If interest rates stay the same, there will
be no Interest Adjustment.
|
n
|
=
|
The number of years remaining in the Guaranteed Period (e.g., 1 year and 73 days =
1 + (73 divided by 365) = 1.2 years).
|
|
|
Straight-Line interpolation is used for periods to maturity not quoted.
|
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 1
|
0.30%
|
14.55%
|
9.47%
|
7.51%
|
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 1
|
0.28%2
|
9.28%
|
7.72%
|
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 1
|
0.48%
|
6.39%
|
-0.07%
|
0.62%
|
Long-term growth of capital while
providing current income.
|
American Funds Capital World Growth
and Income Fund - Class 1
|
0.41%2
|
21.22%
|
10.60%
|
7.90%
|
The balanced accomplishment of three
objectives: long-term growth of capital,
conservation of principal and current
income.
|
American Funds Global Balanced Fund -
Class 1
|
0.52%2
|
14.05%
|
7.69%
|
5.66%
|
Long-term growth of capital.
|
American Funds Global Growth Fund -
Class 1
|
0.41%2
|
22.91%
|
13.93%
|
9.85%
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 1
|
0.66%2
|
16.45%
|
8.57%
|
6.04%
|
Growth of capital.
|
American Funds Growth Fund - Class 1
|
0.34%
|
38.81%
|
18.97%
|
14.64%
|
Long-term growth of capital and income.
|
American Funds Growth-Income Fund -
Class 1
|
0.28%
|
26.47%
|
13.65%
|
11.19%
|
To provide investors with a high level of
current income; capital appreciation is
the secondary objective.
|
American Funds High-Income Trust -
Class 1
|
0.32%2
|
12.69%
|
6.36%
|
4.67%
|
Long-term growth of capital.
|
American Funds International Fund -
Class 1
|
0.53%
|
16.12%
|
5.10%
|
3.67%
|
Long-term growth of capital while
providing current income.
|
American Funds International Growth
and Income Fund - Class 1
|
0.56%
|
16.08%
|
6.38%
|
3.57%
|
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
|
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
|
0.69%2
|
23.77%
|
11.26%
|
8.62%
|
To achieve long-term growth of capital
and income while seeking to manage
volatility and provide downside
protection. A fund of funds.
|
American Funds Managed Risk Growth-
Income Fund - Class P1
|
0.62%2
|
16.17%
|
7.86%
|
6.46%
|
To provide long-term growth of capital
while seeking to manage volatility and
provide downside protection. A fund of
funds.
|
American Funds Managed Risk
International Fund - Class P1
|
0.85%2
|
6.36%
|
1.04%
|
0.58%
|
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.
|
American Funds Managed Risk
Washington Mutual Investors Fund -
Class P1
|
0.64%2
|
10.04%
|
5.89%
|
5.08%
|
To provide current income and
preservation of capital.
|
American Funds Mortgage Fund - Class
1
|
0.32%2
|
4.03%
|
1.06%
|
1.74%
|
Long-term capital appreciation.
|
American Funds New World Fund® -
Class 1
|
0.57%2
|
16.22%
|
8.90%
|
4.95%
|
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 1
|
0.23%2
|
5.21%
|
2.14%
|
2.33%
|
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 1
|
0.26%2
|
3.21%
|
1.31%
|
1.78%
|
To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing.
|
American Funds Washington Mutual
Investors Fund - Class 1
|
0.27%2
|
17.66%
|
12.90%
|
10.19%
|
Long-term growth of capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class I
advised by Legg Mason Partners Fund
Advisor, LLC
|
0.76%
|
44.02%
|
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 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%
|
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
|
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%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital growth.
|
LVIP American Century Capital
Appreciation Fund - 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%
|
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%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth; income is a
secondary consideration.
|
LVIP American Century Value Fund -
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. A
fund of funds.
|
LVIP American Global Balanced
Allocation Managed Risk Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.60%
|
11.80%
|
5.76%
|
4.50%
|
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 Global Growth Allocation
Managed Risk Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.62%
|
13.97%
|
6.19%
|
4.50%
|
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%
|
Current income, consistent with the
preservation of capital. A fund of funds.
|
LVIP American Preservation Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.51%2
|
4.10%
|
1.33%
|
1.35%
|
Reasonable income.
|
LVIP BlackRock Dividend Value
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.66%2
|
9.39%
|
9.55%
|
6.43%
|
High total investment return.
|
LVIP BlackRock Global Allocation Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.73%2
|
13.62%
|
N/A
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP BlackRock Global Allocation
Managed Risk Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.83%2
|
11.65%
|
5.03%
|
2.80%
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock Global Growth ETF
Allocation Managed Risk Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.42%2
|
11.68%
|
4.81%
|
N/A
|
To maximize real return, consistent with
preservation of real capital and prudent
investment management.
|
LVIP BlackRock Inflation Protected Bond
Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.63%
|
5.07%
|
3.16%
|
2.19%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock U.S. Growth ETF
Allocation Managed Risk Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.39%2
|
12.35%
|
5.73%
|
N/A
|
Capital Appreciation.
|
LVIP Blended Mid Cap Managed
Volatility Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.73%2
|
17.75%
|
10.22%
|
6.41%
|
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
|
Capital Appreciation.
|
LVIP ClearBridge Franklin Select Large
Cap Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.66%2
|
22.54%
|
11.10%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional International Core
Equity Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.62%2
|
16.01%
|
7.99%
|
N/A
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Dimensional International Equity
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
16.69%
|
5.51%
|
2.29%
|
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%
|
Capital Appreciation. A fund of funds.
|
LVIP Fidelity Institutional AM® Select
Core Equity Managed Volatility Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
25.25%
|
13.23%
|
8.44%
|
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%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
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%
|
Current income while (i)maintaining a
stable value of your shares (providing
stability of net asset value) and (ii)
preserving the value of your initial
investment (preservation of capital).
|
LVIP Government Money Market Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.39%2
|
4.75%
|
1.61%
|
0.99%
|
Capital Appreciation.
|
LVIP Invesco Select Equity Income
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued on or after February 8, 2016.
|
0.58%2
|
12.18%
|
10.09%
|
N/A
|
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%
|
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 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%
|
Long-term capital appreciation.
|
LVIP JPMorgan Select Mid Cap Value
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.78%2
|
12.08%
|
9.25%
|
5.62%
|
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%
|
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%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital appreciation.
|
LVIP Macquarie 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%
|
Capital Appreciation. A fund of funds.
|
LVIP MFS International Equity Managed
Volatility Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
13.89%
|
6.79%
|
4.20%
|
Long-term growth of capital. A fund of
funds.
|
LVIP Multi-Manager Global Equity
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.79%2
|
26.01%
|
10.64%
|
N/A
|
To 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%
|
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
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA International Managed
Volatility Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.63%2
|
17.44%
|
4.94%
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA Large Cap Managed Volatility
Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.47%2
|
24.44%
|
13.23%
|
8.91%
|
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
|
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%
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA SMID Cap Managed Volatility
Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
13.69%
|
6.98%
|
4.21%
|
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
|
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%
|
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. 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 -
Service Class3
(formerly Delaware Ivy VIP High Income
Portfolio)
advised by Delaware Management
Company
|
0.96%
|
11.95%
|
4.46%
|
3.70%
|
Growth of capital.
|
Macquarie VIP Mid Cap Growth Series -
Service Class3
(formerly Delaware Ivy VIP Mid Cap
Growth Portfolio)
advised by Delaware Management
Company
|
1.10%2
|
19.59%
|
14.63%
|
10.47%
|
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%
|
High current income consistent with
preservation of capital; capital
appreciation is a secondary objective.
|
Templeton Global Bond VIP Fund - Class
1
|
0.50%2
|
3.19%
|
-1.89%
|
-0.41%
|
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
|
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
|
LVIP American Century Inflation Protection Fund
LVIP American Preservation Fund
LVIP BlackRock Inflation Protected 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 American Global Balanced Allocation Managed Risk Fund
LVIP American Global Growth Allocation Managed Risk Fund
LVIP BlackRock Dividend Value Managed Volatility Fund
LVIP BlackRock Global Allocation Managed Risk Fund
LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund
LVIP Blended Mid Cap Managed Volatility Fund
LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund
LVIP Dimensional International Equity Managed Volatility Fund
LVIP Dimensional U.S. Equity Managed Volatility Fund
LVIP Fidelity Institutional AMSM Select Core 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 Invesco Select Equity Income Managed Volatility Fund
LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund
LVIP MFS International Equity Managed Volatility Fund
LVIP Multi-Manager Global Equity Managed Volatility Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Managed Volatility Fund
LVIP SSGA Large Cap Managed Volatility Fund
LVIP SSGA SMID Cap 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 Capital World Bond Fund (not available for riders elected on
or after August 21, 2017)
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP American Century Inflation Protection Fund
LVIP American Preservation 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
ClearBridgeVariable 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. 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 Capital Appreciation Fund
LVIP American Century Disciplined Core Value 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 Global Balanced Allocation Managed Risk Fund
LVIP American Global Growth Allocation Managed Risk Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund
LVIP BlackRock Global Allocation Fund
LVIP BlackRock Global Allocation Managed Risk Fund
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 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
|
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 Macquarie SMID Cap Core Fund
LVIP Macquarie Wealth Builder Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index 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
LVIP Wellington Capital Growth Fund
Macquarie VIP High Income Series
Macquarie VIP Mid Cap Growth 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
|
Group 1
Investments must be at least 30% of Contract
Value or Account Value
|
Group 2
Investments cannot exceed 70% of Contract
Value or Account Value
|
Group 3
Investments cannot exceed 10% of Contract
Value or Account Value
|
American Funds Capital World Bond Fund
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities
Fund
LVIP American Century Inflation Protection Fund
LVIP American Preservation 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
|
Any of the Subaccounts offered under the
Contract except for funds in Groups 1 and 3,
and the fixed account or noted below.
|
DWS Alternative Asset Allocation VIP Portfolio
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP SSGA Emerging Markets Equity Index Fund
|
Contract Value on the Valuation Date the death claim is approved
|
$120,000
|
Contract earnings
|
$20,000 ($120,000 - $100,000)
|
Covered earnings limit
|
$200,000 ($100,000 x 2)
|
The enhancement rate is multiplied by the lesser of the contract earnings amount ($20,000)
or the
covered earnings limit amount ($200,000)
|
$8,000 (40% x $20,000)
|
Total Death Benefit amount
|
$128,000 ($120,000 + $8,000)
|
|
Current Annual Fee Rate
|
Guaranteed Maximum Annual Fee Rate
|
||
Single
Life
|
Joint
Life
|
Single
Life
|
Joint
Life
|
|
Lincoln Lifetime
IncomeSM Advantage
2.01
|
1.25%
(0.3125% quarterly)
|
1.50%
(0.3750% quarterly)
|
2.00%
|
2.00%
|
4LATER® Advantage
(Managed Risk) 2
|
1.05%
(0.2625% quarterly)
|
1.25%
(0.3125% quarterly)
|
2.00%
|
2.00%
|
If your Prior Rider is...
|
you will transition to...
|
Lincoln Lifetime IncomeSM Advantage 2.0
|
i4LIFE® Advantage Guaranteed Income Benefit
(version 4)
|
4LATER® Advantage (Managed Risk)
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)
|
1/1/22 Initial i4LIFE® Advantage Account Value
|
$100,000
|
1/1/22 Protected Income Base as of the last Valuation Date under the Prior Rider
|
$125,000
|
1/1/22 Initial Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit ($125,000 x 1.05%) the protected lifetime
income fee for the Prior Rider is assessed against the Protected Income Base since
it is larger than the Account Value
|
$1,312.50
|
1/2/22 Amount of initial i4LIFE® Advantage Regular Income Payment (an example of how the Regular Income Payment
is calculated is shown in the SAI)
|
$5,051
|
1/2/22 Initial Guaranteed Income Benefit (4% x $125,000 Protected Income Base)
|
$5,000
|
1/2/23 Recalculated Regular Income Payment (due to market gain in Account Value)
|
$6,900
|
1/2/23 New Guaranteed Income Benefit (75% x $6,900 Regular Income Payment)
|
$5,175
|
1/2/23 Income Benefit]
|
$1,358.44
|
1/2/23 Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit
|
$1,358.44
|
1/2/24 Recalculated Regular Income Payment (due to Account Value increase)
|
$7,400
|
1/2/24 New Guaranteed Income Benefit (75% x $7,400 Regular Income Payment)
|
$5,550
|
Assume the Prior Rider charge rate increases from 1.05% to 1.15%.
|
|
1/2/24 Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit ($1,358.44 x ($5,550/$5,175) x
(1.15%/1.05%))
|
$1,595.63
|
|
Current Fee
|
Beginning January 11, 2021
|
0.95%
|
December 3, 2012 through January 10, 2021
|
0.85%
|
January 20, 2009 through December 2, 2012
|
0.65%
|
Prior to January 20, 2009
|
0.45%
|
|
Current Fee
|
|
|
Single
Life
|
Joint
Life
|
Beginning January 11, 2021
|
1.00%
|
1.25%
|
December 3, 2012 through January 10, 2021
|
0.85%
|
1.00%
|
Prior to December 3, 2012
|
0.65%
|
0.80%
|
|
Contract
Value
|
Protected Income Base with
5% Enhancement
|
Protected Income Base
|
Potential
for Charge
to Change
|
Initial Purchase Payment
$50,000
|
$50,000
|
N/A
|
$50,000
|
N/A
|
1st Benefit Year
anniversary
|
$54,000
|
$52,500
|
$54,000
|
Yes
|
2nd Benefit Year
anniversary
|
$53,900
|
$56,700
|
$56,700
|
No
|
3rd Benefit Year
anniversary
|
$56,000
|
$59,535
|
$59,535
|
No
|
4th Benefit Year
anniversary
|
$64,000
|
$62,512
|
$64,000
|
Yes
|
Contract Value on the rider's effective date
|
$200,000
|
Protected Income Base on the rider's effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider's effective
date ($200,000 x 4%)
|
$8,000
|
Contract Value six months after rider's effective date
|
$210,000
|
Protected Income Base six months after rider's effective date
|
$200,000
|
Withdrawal six months after rider's effective date
|
$8,000
|
Contract Value after withdrawal ($210,000 - $8,000)
|
$202,000
|
Protected Income Base after withdrawal ($200,000 - $0)
|
$200,000
|
Contract Value on first Benefit Year anniversary
|
$205,000
|
Protected Income Base on first Benefit Year anniversary
|
$205,000
|
Protected Annual Income amount on first Benefit Year anniversary
($205,000 x 4%)
|
$8,200
|
|
Contract
Value
|
Guaranteed
Amount
|
Initial Purchase Payment $50,000
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$54,000
|
3rd Benefit Year anniversary
|
$57,000
|
$57,000
|
Contract Value on the rider’s effective date
|
$200,000
|
Protected Amount on the rider’s effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider’s effective
date
|
$10,000
|
Contract Value six months after rider’s effective date
|
$212,000
|
Protected Amount six months after rider’s effective date
|
$200,000
|
Withdrawal six months after rider’s effective date
|
$10,000
|
Contract Value after withdrawal ($212,000 - $10,000)
|
$202,000
|
Protected Amount after withdrawal ($200,000 - $10,000)
|
$190,000
|
Contract Value on the first Benefit Year anniversary
|
$205,000
|
Protected Amount on the first Benefit Year anniversary
|
$190,000
|
Protected Annual Income amount on the first Benefit Year
anniversary
|
$10,000
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
0
|
82
|
28
|
55
|
56
|
28
|
1
|
81
|
29
|
54
|
57
|
27
|
2
|
80
|
30
|
53
|
58
|
27
|
3
|
79
|
31
|
52
|
59
|
26
|
4
|
78
|
32
|
51
|
60
|
25
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
5
|
77
|
33
|
50
|
61
|
24
|
6
|
76
|
34
|
49
|
62
|
23
|
7
|
75
|
35
|
48
|
63
|
22
|
8
|
74
|
36
|
47
|
64
|
21
|
9
|
73
|
37
|
46
|
65
|
21
|
10
|
72
|
38
|
45
|
66
|
20
|
11
|
71
|
39
|
44
|
67
|
19
|
12
|
70
|
40
|
43
|
68
|
18
|
13
|
69
|
41
|
42
|
69
|
17
|
14
|
68
|
42
|
41
|
70
|
17
|
15
|
67
|
43
|
40
|
71
|
16
|
16
|
66
|
44
|
39
|
72
|
15
|
17
|
66
|
45
|
38
|
73
|
14
|
18
|
65
|
46
|
37
|
74
|
14
|
19
|
64
|
47
|
37
|
75
|
13
|
20
|
63
|
48
|
36
|
76
|
12
|
21
|
62
|
49
|
35
|
77
|
12
|
22
|
61
|
50
|
34
|
78
|
11
|
23
|
60
|
51
|
33
|
79
|
10
|
24
|
59
|
52
|
32
|
80
|
10
|
25
|
58
|
53
|
31
|
81
|
9
|
26
|
57
|
54
|
30
|
|
|
27
|
56
|
55
|
29
|
|
|
|
Contract Value
|
Protected Income Base with 5% Enhancement
|
Protected Income Base
|
|
Initial Purchase Payment $50,000
|
$50,000
|
N/A
|
$50,000
|
|
1st Benefit Year anniversary
|
$54,000
|
$52,500
|
$54,000
|
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
$56,700
|
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
amount percentage
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
amount percentage
|
55 – 58
|
3.50%
|
55 – 58
|
3.00%
|
59 – 64
|
4.00%
|
59 – 64
|
3.50%
|
65+
|
5.00%
|
65 – 74
|
4.50%
|
|
|
75+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
amount percentage
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
amount percentage
|
55 – 58
|
4.00%
|
55 – 64
|
4.00%
|
59+
|
5.00%
|
65+
|
5.00%
|
Age
|
PAI Rate
|
0 – 54
|
4.50%
|
55 – 58
|
5.00%
|
59 – 69
|
5.50%
|
70+
|
6.00%
|
Single Life Option
|
Joint Life Option**
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 69
|
4.00%
|
65 – 69
|
4.50%
|
70 – 74
|
4.50%
|
70 – 79
|
5.00%
|
75 – 79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Percentage of Account
Value, Income Base or
Guaranteed Amount*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value, Income Base or
Guaranteed Amount*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – under 59½
|
3.00%
|
55 – under 59½
|
3.50%
|
59½ – 64
|
3.50%
|
59½ – 64
|
4.00%
|
65 – 69
|
4.00%
|
65 – 69
|
4.50%
|
70 – 74
|
4.50%
|
70 – 79
|
5.00%
|
75 – 79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Percentage of Account
Value or Income Base*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value or Income Base*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – under 59½
|
3.50%
|
55 – under 59½
|
3.50%
|
59½ – 64
|
4.00%
|
59½ – 69
|
4.00%
|
65 – 69
|
4.50%
|
70 – 74
|
4.50%
|
70 – 79
|
5.00%
|
75 – 79
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Percentage of Account
Value or Income Base*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value or Income Base*
|
80+
|
5.50%
|
80+
|
5.50%
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account
Value, Income Base or
Guaranteed Amount**
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
65 – 69
|
4.50%
|
70 – 79
|
5.00%
|
80+
|
5.50%
|
Contents
|
Page
|
B-2
|
|
B-2
|
|
B-2
|
|
B-2
|
|
B-3
|
|
B-3
|
|
B-4
|
|
B-4
|
|
B-5
|
Contents
|
Page
|
B-5
|
|
B-5
|
|
B-5
|
|
B-6
|
|
B-7
|
|
B-7
|
|
B-8
|
|
B-8
|
Single Premium
|
$50,000
|
Premium taxes
|
None
|
Withdrawals
|
None
|
Guaranteed Period
|
5 years
|
Guaranteed Interest Rate
|
3.50%
|
Annuity Date
|
Age 70
|
Index Rate A
|
3.50%
|
Index Rate B
|
4.00% End of Contract Year 1
3.50% End of Contract Year 2
3.00% End of Contract Year 3
2.00% End of Contract Year 4
|
Percentage adjustment to B
|
0.50%
|
Interest Adjustment Formula
|
(1 + Index A)n
|
-1
|
n = Remaining Guaranteed Period
|
(1 + Index B + % Adjustment)n
|
Contract Year
|
(1)
Annuity
Value
|
(2)
1 + Interest
Adjustment Formula
|
(3)
Adjusted
Annuity
Value
|
(4)
Minimum
Value
|
(5)
Greater of
(3) & (4)
|
(6)
Surrender
Value
|
1
|
$51,710
|
0.962268
|
$49,759
|
$50,710
|
$50,710
|
$46,460
|
2
|
$53,480
|
0.985646
|
$52,712
|
$51,431
|
$52,712
|
$48,462
|
3
|
$55,312
|
1.000000
|
$55,312
|
$52,162
|
$55,312
|
$51,312
|
4
|
$57,208
|
1.009756
|
$57,766
|
$52,905
|
$57,766
|
$54,266
|
5
|
$59,170
|
N/A
|
$59,170
|
$53,658
|
$59,170
|
$56,170
|
Contract Year
|
BOY*
Annuity
Value
|
|
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
EOY**
Annuity
Value
|
1
|
$50,000
|
x
|
1.035
|
-
|
$40
|
=
|
$51,710
|
2
|
$51,710
|
x
|
1.035
|
-
|
$40
|
=
|
$53,480
|
3
|
$53,480
|
x
|
1.035
|
-
|
$40
|
=
|
$55,312
|
4
|
$55,312
|
x
|
1.035
|
-
|
$40
|
=
|
$57,208
|
5
|
$57,208
|
x
|
1.035
|
-
|
$40
|
=
|
$59,170
|
Contract Year
|
Index A
|
Index B
|
Adj Index B
|
N
|
Result
|
1
|
3.50
%
|
4.00
%
|
4.50
%
|
4
|
0.962268
|
2
|
3.50
%
|
3.50
%
|
4.00
%
|
3
|
0.985646
|
3
|
3.50
%
|
3.00
%
|
3.50
%
|
2
|
1.000000
|
4
|
3.50
%
|
2.00
%
|
2.50
%
|
1
|
1.009756
|
5
|
3.50
%
|
N/A
|
N/A
|
N/A
|
N/A
|
Contract Year
|
|
|
Minimum
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
Minimum
Value
|
1
|
$50,000
|
x
|
1.015
|
-
|
$40
|
=
|
$50,710
|
2
|
$50,710
|
x
|
1.015
|
-
|
$40
|
=
|
$51,431
|
3
|
$51,431
|
x
|
1.015
|
-
|
$40
|
=
|
$52,162
|
4
|
$52,162
|
x
|
1.015
|
-
|
$40
|
=
|
$52,905
|
5
|
$52,905
|
x
|
1.015
|
-
|
$40
|
=
|
$53,658
|
Name
|
Positions and Offices with Depositor
|
Craig T. Beazer*
|
Executive Vice President, General Counsel and Director
|
Jayson R. Bronchetti*
|
Executive Vice President, Chief Investment Officer and Director
|
Adam M. Cohen*
|
Senior Vice President, Chief Accounting Officer and Treasurer
|
Ellen G. Cooper*
|
President and Director
|
Stephen B. Harris*
|
Senior Vice President and Chief Ethics and Compliance Officer
|
Christopher M. Neczypor*
|
Executive Vice President, Chief Financial Officer and Director
|
Nancy A. Smith*
|
Senior Vice President and Secretary
|
Joseph D. Spada**
|
Vice President and Chief Compliance Officer for Separate Accounts
|
Eric B. Wilmer***
|
Assistant Vice President and Director
|
Name
|
Positions and Offices with Underwriter
|
Adam M. Cohen*
|
Senior Vice President and Treasurer
|
Jason M. Gibson**
|
Vice President and Chief Compliance Officer
|
Claire H. Hanna*
|
Secretary
|
John C. Kennedy*
|
President, Chief Executive Officer and Director
|
Jared M. Nepa*
|
Senior Vice President and Director
|
Thomas P. O'Neill*
|
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
|
Timothy J. Seifert Sr*
|
Senior Vice President and Director
|
SIGNATURES
(a) | As required by the Securities Act of 1933 and the Investment Company Act of 1940, each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 10th day of April, 2024 at 3:21 pm. |
Lincoln National Variable Annuity Account E
Lincoln National Variable Annuity Account H
Lincoln Life Variable Annuity Account N
(Registrants)
By: | /s/ Daniel P. Herr | |
Daniel P. Herr | ||
Senior Vice President, The Lincoln National Life Insurance Company |
Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 10th day of April, 2024 at 2:32 pm.
The Lincoln National Life Insurance Company
(Depositor)
By: | /s/ Michelle L. Grindle | |
Michelle L. Grindle | ||
(Signature-Officer of Depositor) | ||
Vice President, The Lincoln National Life Insurance Company |
Lincoln National Variable Annuity Account E (File No. 811-04882; CIK: 0000804223)
033-26032 (Amendment No. 78)
Lincoln National Variable Annuity Account H (File No. 811-05721; CIK: 0000847552)
033-27783 (Amendment No. 77) | 333-63505 (Amendment No. 86) | 333-181615 (Amendment No. 43) | ||
333-18419 (Amendment No. 80) | 333-135219 (Amendment No. 59) | 333-212681 (Amendment No. 23) | ||
333-35780 (Amendment No. 60) | 333-170695 (Amendment No. 53) | 333-233762 (Amendment No. 10) | ||
333-35784 (Amendment No. 75) | 333-175888 (Amendment No. 29) | 333-233764 (Amendment No. 16) | ||
333-61592 (Amendment No. 77) |
Lincoln Life Variable Annuity Account N (File No. 811-08517; CIK: 0001048606)
333-36316 (Amendment No. 98) | 333-172328 (Amendment No. 47) | 333-214143 (Amendment No. 28) | ||
333-36304 (Amendment No. 86) | 333-174367 (Amendment No. 35) | 333-214144 (Amendment No. 17) | ||
333-40937 (Amendment No. 92) | 333-181612 (Amendment No. 41) | 333-214235 (Amendment No. 16) | ||
333-61554 (Amendment No. 92) | 333-186894 (Amendment No. 44) | 333-236907 (Amendment No. 12) | ||
333-135039 (Amendment No. 59) | 333-193272 (Amendment No. 31) | 333-239288 (Amendment No. 9) | ||
333-138190 (Amendment No. 70) | 333-193273 (Amendment No. 23) | 333-252473 (Amendment No. 17) | ||
333-149434 (Amendment No. 42) | 333-193274 (Amendment No. 20) | 333-252653 (Amendment No. 12) | ||
333-170529 (Amendment No. 44) | 333-212680 (Amendment No. 26) | 333-252654 (Amendment No. 12) | ||
333-170897 (Amendment No. 48) | 333-212682 (Amendment No. 19) |
(b) | As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on April 10, 2024 at 3:21 pm. |
Signature | Title | |
*/s/ Ellen G. Cooper | President and Director | |
Ellen G. Cooper | (Principal Executive Officer) | |
*/s/ Christopher M. Neczypor | Executive Vice President, Chief Financial Officer, and Director | |
Christopher M. Neczypor | ||
*/s/ Craig T. Beazer | Executive Vice President and Director | |
Craig T. Beazer | ||
*/s/ Jayson R. Bronchetti | Executive Vice President, Chief Investment Officer, and Director | |
Jayson R. Bronchetti | ||
*/s/ Adam M. Cohen | Senior Vice President and Chief Accounting Officer | |
Adam M. Cohen | (Principal Accounting Officer) | |
*/s/ Eric B. Wilmer | Assistant Vice President and Director | |
Eric B. Wilmer |
* By | /s/ Daniel P. Herr, Pursuant to a Power of Attorney | |
Daniel P. Herr |