The
following fund will be reorganized into…
|
...the
following acquiring Fund.
|
American
Century VP Balanced Fund
|
LVIP
American Century Balanced Fund
|
American
Century VP Inflation Protection
Fund
|
LVIP
American Century Inflation
Protection
Fund
|
Former
Fund Name
|
New
Fund Name
|
Delaware
VIP®
Emerging
Markets Series
|
Macquarie
VIP Emerging Markets Series
|
Delaware
VIP®
Small
Cap Value Series
|
Macquarie
VIP Small Cap Value Series
|
LVIP
Delaware Bond Fund
|
LVIP
Macquarie Bond Fund
|
LVIP
Delaware Diversified Floating Rate
Fund
|
LVIP
Macquarie Diversified Floating Rate
Fund
|
LVIP
Delaware Diversified Income Fund
|
LVIP
Macquarie Diversified Income Fund
|
LVIP
Delaware High Yield Fund
|
LVIP
Macquarie High Yield Fund
|
LVIP
Delaware Limited-Term Diversified
Income
Fund
|
LVIP
Macquarie Limited-Term Diversified
Income
Fund
|
LVIP
Delaware Mid Cap Value Fund
|
LVIP
Macquarie Mid Cap Value Fund
|
LVIP
Delaware SMID Cap Core Fund
|
LVIP
Macquarie SMID Cap Core Fund
|
LVIP
Delaware Social Awareness Fund
|
LVIP
Macquarie Social Awareness Fund
|
LVIP
Delaware U.S. Growth Fund
|
LVIP
Macquarie U.S. Growth Fund
|
LVIP
Delaware U.S. REIT Fund
|
LVIP
Macquarie U.S. REIT Fund
|
LVIP
Delaware Value Fund
|
LVIP
Macquarie Value Fund
|
LVIP
Delaware Wealth Builder Fund
|
LVIP
Macquarie Wealth Builder Fund
|
LVIP
T. Rowe Price Growth Stock Fund
|
LVIP
AllianceBernstein Large Cap Growth
Fund
|
FEES
AND EXPENSES
|
Location
in
Prospectus
|
|||
Charges
for
Early
Withdrawals
|
For
a Full Surrender, for up to 15
years
from the date of the Policy, 10
years
from each decrease in Specified Amount and up to 15 years from
each
increase in Specified Amount, you could pay a Surrender Charge of
up
to $60.00 (6.000%) per $1,000 of the Specified Amount.
For
example, if your Policy has a Specified Amount of $100,000 and you
surrender
your Policy, you could be assessed a charge of up to $6,000.
|
•Policy
Charges
and
Fees
|
||
Transaction
Charges
|
In
addition to Surrender Charges, you may also be charged for other
transactions,
such as when you make a Premium Payment, transfer
Policy
Value between Sub-Accounts or exercise certain benefits.
|
•Policy
Charges
and
Fees
|
||
Ongoing
Fees
and
Expenses
(annual
charges)
|
•In
addition to Surrender Charges and transaction charges, there are
certain
ongoing fees and expenses that are charged annually, monthly
or
daily.
•These
fees include the Cost of Insurance Charge under the Policy,
optional
benefit charges, Administrative Fees, mortality and expense
risk
charges and Policy Loan Interest.
•Certain
fees are set based on characteristics of the Insured (e.g., age,
gender,
and rating classification). You should review your Policy
Specifications
page for rates applicable to you.
•Owners
will also bear expenses associated with the Underlying Funds
under
the Policy, as shown in the following table:
|
•Policy
Charges
and
Fees
|
||
Annual
Fee
|
Minimum
|
Maximum
|
||
Underlying
Fund Fees and Expenses*
|
0.23%
|
1.64%
|
||
*As
a percentage of Underlying Fund assets.
|
||||
RISKS
|
Location
in
Prospectus
|
|||
Risk
of Loss
|
You
can lose money by investing in the Policy, including loss of
principal.
|
•Principal
Risks
of
Investing
in
the
Policy
|
||
Not
a Short-
Term
Investment
|
•This
Policy is not a short-term investment vehicle and is not
appropriate
for an investor who needs ready access to cash.
•Surrender
Charges apply for 15 years from the Policy Date and 15
years
from the date of any increase in your Specified Amount.
•Charges
may reduce the value of your Policy and death benefit.
•Tax
deferral is more beneficial to investors with a long-time horizon.
|
•Principal
Risks
of
Investing
in
the
Policy
•Policy
Charges
and
Fees
|
RISKS
|
Location
in
Prospectus
|
|||
Risks
Associated
with
Investment
Options
|
•An
investment in the Policy is subject to the risk of poor investment
performance
of the investment options. Performance can vary
depending
on the performance of the investment options available
under
the Policy.
•Each
investment option (including a Fixed Account investment option)
has
its own unique risks. You should review each Underlying Fund’s
prospectus
before making an investment decision.
|
•Principal
Risks
of
Investing
in
the
Policy
|
||
Insurance
Company
Risks
|
•Any
obligations, guarantees, and benefits of the contract including the
Fixed
Account investment option are subject to the claims-paying
ability
of Lincoln Life. If Lincoln Life experiences financial distress, it
may
not be able to meet its obligations to you. More information about
Lincoln
Life, including its financial strength ratings, is available upon
request
from Lincoln Life by calling 1-800-487-1485 or by visiting
https://www.lfg.com/public/aboutus/investorrelations/
financialinformation.
•You
may obtain our audited statutory financial statements, any
unaudited
statutory financial statements that may be available as well
as
ratings information by visiting our website at www.lfg.com/
VULprospectus.
|
•Principal
Risks
of
Investing
in
the
Policy
•Lincoln
Life,
the
Separate
Account
and
the
General
Account
|
||
Policy
Lapse
|
•Sufficient
Premiums must be paid to keep your Policy in force. There
is
a risk of lapse if Premiums are too small in relation to the insurance
amount
and if investment results of the Sub-Accounts you have
chosen
are adverse or are less favorable than anticipated.
•Outstanding
Policy Loans (plus interest) and Partial Surrenders will
increase
the risk of lapse. The death benefit will not be paid if the
Policy
has Lapsed.
|
•Principal
Risks
of
Investing
in
the
Policy
•Lapse
and
Reinstatement
|
||
RESTRICTIONS
|
Location
in
Prospectus
|
|||
Investments
|
•We
reserve the right to charge for each transfer between Sub-
Accounts
in excess of 24 transfers per year.
•We
reserve the right to add, remove, or substitute Sub-Accounts as
investment
options under the Policy, subject to state or federal laws
and
regulations. An Underlying Fund may be merged into another
Underlying
Fund. An Underlying Fund may discontinue offering their
shares
to the Sub-Accounts.
•There
are significant limitations on your right to transfer amounts in
the
Fixed Account and, due to these limitations, if you want to transfer
the
entire balance of the Fixed Account to one or more Sub-Accounts,
it
may take several years to do so.
•When
the No-Lapse Enhancement rider is in effect, we reserve the
right
to restrict certain Sub-Account allocations.
|
•Transfer
Fee
•Sub-Account
Availability
and
Substitution
of
Funds
•No-Lapse
Enhancement
Rider
|
RESTRICTIONS
|
Location
in
Prospectus
|
|||
Optional
Benefits
|
•Riders
may alter the benefits or charges in your Policy. Rider
availability
and benefits may vary by state of issue or selling broker-
dealer
and their election may have tax consequences. Riders may have
restrictions
or limitations, and we may modify or terminate a rider, as
allowed.
If you elect a particular rider, it may restrict or enhance the
terms
of your policy, or restrict the availability or terms of other riders
or
Policy features.
|
•Riders
|
||
TAXES
|
Location
in
Prospectus
|
|||
Tax
Implications
|
•You
should always consult with a tax professional to determine the tax
implications
of an investment in and payments received under the
Policy.
•Withdrawals
will be subject to ordinary income tax, and may be
subject
to tax penalties.
•There
is no additional tax benefit to you if the Policy is purchased
through
a tax-qualified plan or individual retirement account (IRA).
|
•Tax
Issues
|
||
CONFLICTS
OF INTEREST
|
Location
in
Prospectus
|
|||
Investment
Professional
Compensation
|
•Investment
professionals typically receive compensation for selling the
Policy
to investors.
•Registered
representatives may have a financial incentive to offer or
recommend
the Policy over another investment for which the
investment
professional is not compensated (or compensated less).
•Registered
representatives may be eligible for certain cash and non-
cash
benefits. Cash compensation includes bonuses and allowances
based
on factors such as sales, productivity and persistency. Non-
cash
compensation includes various recognition items such as prizes
and
awards as well as attendance at, and payment of the costs
associated
with attendance at, conferences, seminars and recognition
trips,
and also includes contributions to certain individual plans such
as
pension and medical plans.
|
•Distribution
of
the
Policies
and
Compensation
|
||
Exchanges
|
Some
investment professionals may have a financial incentive to offer
you
a new contract in place of the one you already own. You should only
exchange
your Policy if you determine, after comparing the features,
fees,
and risks of both policies, that it is preferable for you to purchase
the
new policy rather than continue to own the existing policy.
|
Change
of Plan
(located
in the
SAI)
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Long-term
growth of capital.
|
AB
VPS Discovery Value
Portfolio
- Class A
advised
by AllianceBernstein
L.P.
|
0.81%
|
17.18%
|
10.78%
|
7.55%
|
Long-term
growth of capital.
|
AB
VPS International Value
Portfolio
- Class A
advised
by AllianceBernstein
L.P.
This
fund is available only
to
existing Owners as of
May
21, 2012. Consult
your
registered
representative.
|
0.90%
|
15.15%
|
5.81%
|
2.09%
|
Long-term
growth of capital.
|
AB
VPS Relative Value
Portfolio
- Class A
advised
by AllianceBernstein
L.P.
|
0.61%2
|
12.03%
|
11.85%
|
9.32%
|
Long-term
growth of capital.
|
AB
VPS Sustainable Global
Thematic
Portfolio - Class
A
advised
by AllianceBernstein
L.P.
|
0.92%2
|
16.01%
|
13.56%
|
9.60%
|
Long-term
growth of capital.
|
American
Funds Global
Growth
Fund - Class 2
|
0.66%2
|
22.60%
|
13.65%
|
9.58%
|
Long-term
capital growth.
|
American
Funds Global
Small
Capitalization Fund -
Class
2
|
0.91%2
|
16.17%
|
8.31%
|
5.78%
|
Growth
of capital.
|
American
Funds Growth
Fund
- Class 2
|
0.59%
|
38.49%
|
18.68%
|
14.36%
|
Long-term
growth of capital and
income.
|
American
Funds Growth-
Income
Fund - Class 2
|
0.53%
|
26.14%
|
13.36%
|
10.91%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Long-term
growth of capital.
|
American
Funds
International
Fund - Class
2
|
0.78%
|
15.84%
|
4.83%
|
3.41%
|
Long-term
growth of capital.
|
ClearBridge
Variable Mid
Cap
Portfolio - Class I
advised
by Legg
Mason
Partners
Fund Advisor, LLC
|
0.83%
|
12.92%
|
10.73%
|
7.10%
|
Capital
Appreciation. A fund of
funds.
|
DWS
Alternative Asset
Allocation
VIP Portfolio -
Class
A
advised
by DWS
Investment
Management
Americas,
Inc.
|
0.83%
|
6.19%
|
6.09%
|
2.96%
|
Long-term
capital appreciation.
|
Fidelity®
VIP
Contrafund®
Portfolio
- Service Class
|
0.66%
|
33.34%
|
16.54%
|
11.50%
|
To
achieve capital appreciation.
|
Fidelity®
VIP
Growth
Portfolio
- Service Class
|
0.68%
|
36.09%
|
19.52%
|
14.68%
|
Long-term
growth of capital.
|
Fidelity®
VIP
Mid Cap
Portfolio
- Service Class
|
0.67%
|
15.00%
|
12.34%
|
8.02%
|
Long-term
growth of capital.
|
Fidelity®
VIP
Overseas
Portfolio
- Service Class
|
0.83%
|
20.41%
|
9.87%
|
4.80%
|
To
maximize income while
maintaining
prospects for capital
appreciation.
|
Franklin
Income VIP Fund -
Class
1
|
0.46%2
|
8.87%
|
7.25%
|
5.28%
|
Capital
appreciation; income is a
secondary
consideration.
|
Franklin
Mutual Shares VIP
Fund
- Class 1
|
0.68%
|
13.73%
|
8.10%
|
5.70%
|
Long-term
capital growth.
|
Franklin
Small-Mid Cap
Growth
VIP Fund - Class 1
|
0.83%2
|
27.12%
|
13.82%
|
9.24%
|
Long-term
growth of capital.
|
Invesco
V.I. EQV
International
Equity Fund -
Series
I Shares
|
0.90%
|
18.15%
|
8.42%
|
4.33%
|
Long-term
capital growth.
|
LVIP
AllianceBernstein
Large
Cap Growth Fund -
Standard
Class
(formerly
LVIP T. Rowe
Price
Growth Stock Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.63%2
|
46.32%
|
13.32%
|
11.67%
|
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 and
current
income by investing
approximately
60% of its assets in
equity
securities and the remainder
in
bonds and other fixed-income
securities.
|
LVIP
American Century
Balanced
Fund - Standard
Class
II
(formerly
American
Century
VP Balanced Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.77%2
|
16.41%
|
8.50%
|
6.55%
|
Long-term
total return using a
strategy
that seeks to protect
against
U.S. inflation.
|
LVIP
American Century
Inflation
Protection Fund -
Standard
Class II
(formerly
American
Century
VP Inflation
Protection
Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.52%2
|
3.60%
|
2.90%
|
2.16%
|
Capital
Appreciation.
|
LVIP
Baron Growth
Opportunities
Fund -
Service
Class
advised
by Lincoln
Financial
Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
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
|
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
|
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 real return, consistent
with
preservation of real capital and
prudent
investment management.
|
LVIP
BlackRock Inflation
Protected
Bond Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.63%
|
5.07%
|
3.16%
|
2.19%
|
Total
return through a combination
of
current income and long-term
capital
appreciation.
|
LVIP
BlackRock Real Estate
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.82%2
|
13.06%
|
4.76%
|
3.85%
|
A
balance between current income
and
growth of capital, with a greater
emphasis
on growth of capital. A
fund
of funds.
|
LVIP
BlackRock U.S.
Growth
ETF Allocation
Managed
Risk Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.39%2
|
12.35%
|
5.73%
|
N/A
|
Long-term
growth of capital in a
manner
consistent with the
preservation
of capital.
|
LVIP
Blended Large Cap
Growth
Managed Volatility
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.67%2
|
34.15%
|
13.82%
|
9.28%
|
Capital
Appreciation.
|
LVIP
Blended Mid Cap
Managed
Volatility Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.73%2
|
17.75%
|
10.22%
|
6.41%
|
Capital
Appreciation.
|
LVIP
ClearBridge Franklin
Select
Large Cap Managed
Volatility
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.66%2
|
22.54%
|
11.10%
|
N/A
|
Long-term
capital appreciation.
|
LVIP
Dimensional
International
Core Equity
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.62%2
|
16.01%
|
7.99%
|
N/A
|
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
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%
|
Long-term
capital growth.
|
LVIP
Franklin Templeton
Global
Equity Managed
Volatility
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.73%2
|
17.24%
|
8.98%
|
4.58%
|
To
maximize long-term capital
appreciation.
|
LVIP
Franklin Templeton
Multi-Factor
Emerging
Markets
Equity Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.50%2
|
10.04%
|
3.12%
|
1.60%
|
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%
|
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%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Capital
Appreciation.
|
LVIP
Invesco Select Equity
Income
Managed Volatility
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.58%2
|
12.18%
|
10.09%
|
N/A
|
A
high level of current income;
capital
appreciation is the
secondary
objective.
|
LVIP
JPMorgan High Yield
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.68%2
|
11.76%
|
4.95%
|
3.98%
|
Current
income and some capital
appreciation.
A fund of funds.
|
LVIP
JPMorgan Retirement
Income
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.68%2
|
11.60%
|
5.02%
|
3.94%
|
Long-term
capital appreciation.
|
LVIP
JPMorgan Select Mid
Cap
Value Managed
Volatility
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.78%2
|
12.08%
|
9.25%
|
5.62%
|
Maximum
current income (yield)
consistent
with a prudent
investment
strategy.
|
LVIP
Macquarie Bond Fund
-
Standard Class3
(formerly
LVIP Delaware
Bond
Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.37%
|
5.93%
|
1.50%
|
1.99%
|
Total
return.
|
LVIP
Macquarie Diversified
Floating
Rate Fund -
Standard
Class3
(formerly
LVIP Delaware
Diversified
Floating Rate
Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.63%2
|
5.57%
|
2.38%
|
1.68%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Maximum
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%
|
To
maximize long-term capital
appreciation.
|
LVIP
Macquarie Mid Cap
Value
Fund - Standard
Class3
(formerly
LVIP Delaware
Mid
Cap Value Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.43%
|
11.24%
|
11.88%
|
8.62%
|
Long-term
capital appreciation.
|
LVIP
Macquarie SMID Cap
Core
Fund - Standard
Class3
(formerly
LVIP Delaware
SMID
Cap Core Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.80%2
|
16.45%
|
12.25%
|
8.36%
|
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
Macquarie Social
Awareness
Fund -
Standard
Class3
(formerly
LVIP Delaware
Social
Awareness Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.45%
|
30.17%
|
15.86%
|
11.32%
|
Long-term
capital appreciation.
|
LVIP
Macquarie U.S.
Growth
Fund - Standard
Class3
(formerly
LVIP Delaware
U.S.
Growth Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.72%
|
48.35%
|
18.38%
|
12.54%
|
Maximum
long-term total return,
with
capital appreciation as a
secondary
objective.
|
LVIP
Macquarie U.S. REIT
Fund
- Standard Class3
(formerly
LVIP Delaware
U.S.
REIT Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.83%2
|
12.58%
|
6.45%
|
6.23%
|
Long-term
capital appreciation.
|
LVIP
Macquarie Value Fund
-
Standard Class3
(formerly
LVIP Delaware
Value
Fund)
advised
by Lincoln
Financial
Investments
Corporation
|
0.68%
|
3.49%
|
8.10%
|
7.84%
|
To
provide a responsible level of
income
and the potential for capital
appreciation.
|
LVIP
Macquarie Wealth
Builder
Fund - Standard
Class3
(formerly
LVIP Delaware
Wealth
Builder Fund)
advised
by Lincoln
Financial
Investments
Corporation
This
fund is available only
to
existing Owners as of
May
18, 2009. Consult
your
registered
representative.
|
0.71%2
|
9.91%
|
5.95%
|
4.45%
|
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
MFS International
Growth
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.80%2
|
14.71%
|
9.83%
|
6.58%
|
Capital
Appreciation.
|
LVIP
MFS Value Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.62%2
|
8.07%
|
11.38%
|
8.57%
|
Current
income consistent with the
preservation
of capital.
|
LVIP
Mondrian Global
Income
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.65%2
|
4.02%
|
-0.92%
|
0.26%
|
Long-term
capital appreciation as
measured
by the change in the
value
of fund shares over a period
of
three years or longer.
|
LVIP
Mondrian
International
Value Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.75%2
|
20.11%
|
6.03%
|
3.45%
|
Long-term
growth of capital. A fund
of
funds.
|
LVIP
Multi-Manager Global
Equity
Managed Volatility
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.79%2
|
26.01%
|
10.64%
|
N/A
|
To
match as closely as practicable,
before
fees and expenses, the
performance
of the Bloomberg U.S.
Aggregate
Index.
|
LVIP
SSGA Bond Index
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.37%2
|
5.30%
|
0.78%
|
1.49%
|
A
high level of current income, with
some
consideration given to growth
of
capital. A fund of funds.
|
LVIP
SSGA Conservative
Index
Allocation Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.51%2
|
10.73%
|
5.28%
|
4.09%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Long-term
growth of capital. 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%
|
Capital
Appreciation. A fund of
funds.
|
LVIP
SSGA International
Managed
Volatility Fund -
Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.63%2
|
17.44%
|
4.94%
|
N/A
|
A
balance between a high level of
current
income and growth of
capital,
with a greater emphasis on
growth
of capital. A fund of funds.
|
LVIP
SSGA Moderate Index
Allocation
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.51%
|
13.57%
|
7.38%
|
5.33%
|
A
balance between high level of
current
income and growth of
capital,
with a greater emphasis on
growth
of capital. A fund of funds.
|
LVIP
SSGA Moderately
Aggressive
Index
Allocation
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.51%
|
14.82%
|
8.04%
|
5.72%
|
To
approximate as closely as
practicable,
before fees and
expenses,
the total rate of return of
common
stocks publicly traded in
the
United States, as represented by
the
S&P 500 Index.
|
LVIP
SSGA S&P 500 Index
Fund
- Standard Class4
advised
by Lincoln
Financial
Investments
Corporation
|
0.23%
|
26.01%
|
15.41%
|
11.77%
|
To
approximate as closely as
practicable,
before fees and
expenses,
the performance of the
Russell
2000®
Index,
which
emphasizes
stocks of small U.S.
companies.
|
LVIP
SSGA Small-Cap
Index
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.38%2
|
16.50%
|
9.52%
|
6.74%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
A
high level of current income, with
some
consideration given to growth
of
capital. A fund of funds.
|
LVIP
Structured
Conservative
Allocation
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.60%
|
10.27%
|
5.06%
|
3.97%
|
A
balance between a high level of
current
income and growth of
capital,
with an emphasis on growth
of
capital. A fund of funds.
|
LVIP
Structured Moderate
Allocation
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.57%
|
13.09%
|
7.12%
|
5.22%
|
A
balance between high level of
current
income and growth of
capital,
with a greater emphasis on
growth
of capital. A fund of funds.
|
LVIP
Structured
Moderately
Aggressive
Allocation
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.59%
|
14.27%
|
7.69%
|
5.54%
|
The
highest total return over time
consistent
with an emphasis on
both
capital growth and income. A
fund
of funds.
|
LVIP
T. Rowe Price 2020
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
This
fund is available only
to
existing Owners as of
May
18, 2009. Consult
your
registered
representative.
|
0.66%2
|
13.54%
|
7.41%
|
4.90%
|
The
highest total return over time
consistent
with an emphasis on
both
capital growth and income. A
fund
of funds.
|
LVIP
T. Rowe Price 2030
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
This
fund is available only
to
existing Owners as of
May
18, 2009. Consult
your
registered
representative.
|
0.68%2
|
16.14%
|
9.08%
|
5.46%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
The
highest total return over time
consistent
with an emphasis on
both
capital growth and income. A
fund
of funds.
|
LVIP
T. Rowe Price 2040
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
This
fund is available only
to
existing Owners as of
May
18, 2009. Consult
your
registered
representative.
|
0.70%2
|
19.19%
|
10.72%
|
6.11%
|
To
maximize capital appreciation.
|
LVIP
T. Rowe Price
Structured
Mid-Cap
Growth
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.72%2
|
21.17%
|
13.50%
|
10.81%
|
High
level of current income and
growth
of capital, with an emphasis
on
growth of capital. A fund of
funds.
|
LVIP
U.S. Growth
Allocation
Managed Risk
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.79%2
|
15.02%
|
6.15%
|
N/A
|
Total
return consistent with the
preservation
of capital. A fund of
funds.
|
LVIP
Vanguard Bond
Allocation
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.37%
|
6.00%
|
0.59%
|
1.27%
|
Long-term
capital appreciation. A
fund
of funds.
|
LVIP
Vanguard Domestic
Equity
ETF Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.32%2
|
25.22%
|
14.84%
|
11.09%
|
Long-term
capital appreciation. A
fund
of funds.
|
LVIP
Vanguard
International
Equity ETF
Fund
- Standard Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.34%2
|
15.36%
|
7.11%
|
4.00%
|
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
Wellington Capital
Growth
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.70%2
|
38.70%
|
16.98%
|
13.91%
|
Long-term
capital appreciation.
|
LVIP
Wellington SMID Cap
Value
Fund - Standard
Class
advised
by Lincoln
Financial
Investments
Corporation
|
0.79%2
|
17.24%
|
12.45%
|
7.71%
|
Long-term
capital appreciation.
|
Macquarie
VIP Emerging
Markets
Series - Standard
Class3
(formerly
Delaware VIP®
Emerging
Markets Series)
advised
by Delaware
Management
Company
|
1.18%2
|
13.79%
|
4.20%
|
2.67%
|
Capital
Appreciation.
|
Macquarie
VIP Small Cap
Value
Series - Standard
Class3
(formerly
Delaware VIP®
Small
Cap Value Series)
advised
by Delaware
Management
Company
|
0.78%
|
9.45%
|
10.21%
|
7.06%
|
Capital
Appreciation.
|
MFS®
VIT
Growth Series -
Initial
Class
advised
by Massachusetts
Financial
Services
Company
|
0.73%2
|
35.86%
|
15.89%
|
12.97%
|
Total
return.
|
MFS®
VIT
Total Return
Series
- Initial Class
advised
by Massachusetts
Financial
Services
Company
|
0.61%2
|
10.44%
|
8.54%
|
6.53%
|
Total
return.
|
MFS®
VIT
Utilities Series -
Initial
Class
advised
by Massachusetts
Financial
Services
Company
|
0.79%2
|
-2.11%
|
8.31%
|
6.39%
|
Investment
Objective
|
Fund
and
Adviser/Sub-adviser1
|
Current
Expenses
|
Average
Annual Total
Returns
(as of 12/31/2023)
|
||
1
year
|
5
year
|
10
year
|
|||
Maximum
real return, consistent
with
prudent investment
management.
|
PIMCO
VIT
CommodityRealReturn®
Strategy
Portfolio -
Administrative
Class
advised
by Pacific
Investment
Management
Company,
LLC
|
1.48%2
|
-7.85%
|
8.55%
|
-0.80%
|
High
current income consistent
with
preservation of capital; capital
appreciation
is a secondary
objective.
|
Templeton
Global Bond VIP
Fund
- Class 1
|
0.50%2
|
3.19%
|
-1.89%
|
-0.41%
|
Income
and capital appreciation. A
fund
of funds.
|
TOPS®
Balanced
ETF
Portfolio
– Class 2 Shares
advised
by Valmark
Advisers,
Inc.
|
0.55%
|
11.39%
|
6.39%
|
4.51%
|
Capital
Appreciation. A fund of
funds.
|
TOPS®
Moderate
Growth
ETF
Portfolio – Class 2
Shares
advised
by Valmark
Advisers,
Inc.
|
0.54%
|
13.47%
|
7.96%
|
5.58%
|