Contents
|
Page
|
3
|
|
5
|
|
8
|
|
8
|
|
8
|
|
9
|
|
9
|
|
10
|
|
10
|
|
11
|
|
12
|
|
14
|
Contents
|
Page
|
14
|
|
14
|
|
15
|
|
15
|
|
16
|
|
16
|
|
17
|
|
18
|
|
A-1
|
|
B-1
|
|
FEES AND EXPENSES
|
Location in
Prospectus
|
||
Charges for
Early
Withdrawals
|
For a Full Surrender or Partial Surrender, for up to 15 years from the date
of the Policy and up to 15 years from each increase in Specified Amount,
you could pay a Surrender Charge of up to $56.29 (5.629%) per $1,000
of the Specified Amount.
For example, if your Policy has a Specified Amount of $100,000 and you
surrender your Policy or take an early withdrawal, you could be assessed
a charge of up to $5,629.
|
•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, take a Partial Surrender 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%
|
2.88%
|
||
*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.
•We may impose investment constraints and restrictions on the
standard No-Lapse Enhancement Rider, which is automatically
included with your Policy for no additional charge. For applications
received on or after May 15, 2023, your Policy will be subject to
significant allocation restrictions so long as the standard No-Lapse
Enhancement Rider remains in effect. If you do not wish to be subject
to those restrictions, you must terminate the rider, but terminating the
rider will cause you to lose that standard benefit.
|
•Transfer Fee
•Sub-Account
Availability
and
Substitution of
Funds
•No-Lapse
Enhancement
Rider
|
||
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)
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
No-Lapse
Enhancement
Rider
|
Prevents lapse if the
Policy’s Surrender
Value is insufficient
to cover the Monthly
Deductions.
|
Standard
|
•Automatically issued at Policy purchase.
•You may not allocate Accumulation Value and
Premium Payments to the money market Sub-
Account except for purposes described in the “Right
to Examine Period” section, as an account from which
to transfer funds for the Dollar Cost Averaging
program as described in the section headed “Optional
Sub-Account Allocation Programs”, and in the event
of a fund liquidation as described in the section
headed “Sub-Account Availability and Substitution of
Funds”.
•For applications received on or after November 13,
2023, the Guaranteed Minimum Death Benefit Option
1 is not available.
•For applications received on or after May 15, 2023,
significant investment restrictions apply so long as
the rider remains in effect.
•Maintaining Automatic Rebalancing with the
applicable allocation requirements, as described in
this prospectus, is required to keep this rider in force.
|
Overloan
Protection Rider
|
Provides that your
Policy will not lapse
solely based on Debt
exceeding the
Surrender Value.
|
Standard
|
•Automatically issued at Policy purchase if Guideline
Premium Test is chosen. Not available if Cash Value
Accumulation Test is chosen.
•Once you exercise the benefit, the following changes
will be made to your Policy:
•We will no longer allow Premium Payments, Partial
Surrenders, or changes to the Specified Amount.
•All other riders will be terminated.
•No additional Monthly Deductions will be taken.
•The Separate Account Value will be transferred to the
Fixed Account.
•The Policy will become paid-up insurance (i.e. no
further payment will be required).
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
Premium Reserve
Rider
|
Allows you to pay
some Premiums that
accumulate in the
same manner as if
they had been
allocated to your
Policy without being
subject to all Policy
charges and
expenses. The
Premium Reserves,
in turn, can be used
to prevent the Policy
from lapsing.
|
Standard
|
•Automatically issued at Policy purchase in states
where it is available.
•Premiums allocated to the Premium Reserve Rider do
not increase the Policy’s Accumulation Value and,
therefore, will not decrease the Net Amount at Risk.
•If the entire Premium Reserve is transferred to
prevent a lapse, the rider will terminate, and no future
Premium Payments to the rider are permitted.
|
Automatic
Rebalancing
|
To periodically
restore Sub-Account
exposure to a pre-
determined level
selected by the
policyholder to
reduce potential risk
of exposure to
market volatility.
|
Standard
|
•Is only available on a quarterly basis.
•Must be maintained on product to keep No-Lapse
Enhancement rider (see Riders).
•Can be terminated; however will terminate No-Lapse
Enhancement rider (see Riders).
|
Enhanced
Surrender Value
Rider
|
Provides an
Enhanced Surrender
Value free of a
Surrender Charge if
you fully surrender
your Policy during
the first five Policy
Years.
|
Optional
|
•Available at Policy purchase only.
|
Supplemental
Survivorship
Term Insurance
Rider (Estate
Protection Rider)
|
Provides term
insurance coverage
in the amount you
select (the “Term
Insurance Benefit
Amount”) which
ends on the fourth
anniversary of the
Effective Date of the
rider.
|
Optional
|
•Available at Policy purchase only.
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
Dollar Cost
Averaging
|
An investment
strategy that divides
up the total amount
to be invested in one
or more Sub-
Accounts over a
specified period of
time. This averages
the purchase cost of
the assets over time
and helps to reduce
the potential impact
of market volatility.
|
Optional
|
•Available 1st Policy Year only, at Policy purchase.
•Cannot move money to Fixed Account or money
market.
•Automatically moves to Automatic Rebalancing after
1st Policy Anniversary.
|
Policy Loans
|
Borrow against the
Surrender Value of
your Policy and the
Premium Reserve
Rider.
|
Optional
|
•We may limit the amount of your loan so that total
Debt under the Policy will not exceed 90% of an
amount equal to the Accumulation Value less
Surrender Charge.
•Amounts transferred to the Loan Account do not
participate in the performance of the Sub-Accounts or
the Fixed Account.
|
Charge
|
When Charge
is Deducted
|
Amount
Deducted
|
Maximum Sales Charge
Imposed on Premiums
(Load)
|
When you pay a Premium
|
As a percentage of the Premium
Payment paid:
|
25% in all Policy Years1
|
||
Premium Tax
|
When you pay a Premium
|
Up to 2% charge included in the Sales
Charges included in the Premium
(Load)2
|
Maximum Deferred Sales
Charge (Load)*
|
When you take a Full Surrender or
reduce the Specified Amount3,4
|
•Maximum Charge: $56.29 per
$1,000 of Specified Amount
|
•Maximum Charge for a
Representative Insured (male and
female, age 55, standard non-
tobacco, in year one): $38.29 per
$1,000 of Specified Amount
|
||
Transfer Fee
|
Applied to any transfer request in
excess of 24 made during any Policy
Year
|
$25 for each additional transfer
|
Charge
|
When Charge is Deducted
|
Amount Deducted
|
Base Contract Charges
|
||
Cost of Insurance*
|
Monthly
|
As a dollar amount per $1,000 of Net
Amount at Risk1:
|
•Maximum: $83.33333 per $1,000
|
||
•Minimum: $0.000023 per $1,000
|
||
•Maximum Charge for Representative
Insureds (male and female, both age
55, standard non-tobacco, in year
one): $0.00104 per $1,000
|
||
Mortality and Expense Risk
Charge (“M&E”)
|
At end of each Valuation Period
|
Maximum of 1.15%, effective annual
rate, as a percentage of Separate
Account Value, calculated monthly2
|
Administrative Fee*
|
Monthly
|
$10, plus an additional amount up to a
maximum of $3.95832 per $1,000 of
Initial Specified Amount or increase in
Specified Amount3
|
Policy Loan Interest
|
Annually
|
As an annualized percentage of amount
held in the Loan Account4
|
6%
|
||
Overloan Protection Rider
|
Upon use of the benefit
|
One-time charge subject to a maximum
of 3%, as a percentage of current
Accumulation Value
|
Optional Benefit Charges
|
||
Enhanced Surrender Value
Rider
|
Monthly (in Policy Years 2-5 only)
|
$0.0625 per $1,000 of Initial Specified
Amount
|
Estate Protection Rider*
|
Monthly (in Policy Years 1-4 only)
|
A dollar amount per $1,000 of Death
Benefit.5
|
•Maximum: $1.254071 per $1,000
|
||
•Minimum: $0.000025 per $1,000
|
||
•Maximum Charge for Representative
Insureds (male and female, both age
55, standard non-tobacco, in year
one): $0.00104 per $1,000
|
Charge
|
When Charge is Deducted
|
Amount Deducted
|
Premium Reserve Rider
|
When you allocate a Premium Payment
to this rider
|
As a percentage of the Premium
Payment allocated to this rider6:
|
•10% in Policy Years 1-20
|
||
•6% in Policy Years 21+
|
Annual Fund Expenses
|
Minimum
|
Maximum
|
(expenses are deducted from fund assets, including management fees, distribution,
and/or 12b-1 fees, and other expenses)
|
0.23%
|
2.88%*
|
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 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%
|
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%
|
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.
|
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%
|
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 growth of capital.
|
Invesco V.I. EQV
International Equity Fund -
Series I Shares
|
0.90%
|
18.15%
|
8.42%
|
4.33%
|
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 -
Service Class4
This fund will be available
on or about May 13, 2024.
Please consult your
registered representative.
|
1.05%2
|
13.00%
|
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 - Service Class4
This fund will be available
on or about May 13, 2024.
Please consult your
registered representative.
|
1.05%2
|
16.63%
|
N/A
|
N/A
|
Long-term capital growth.
|
LVIP AllianceBernstein
Large Cap Growth Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.63%2
|
46.32%
|
13.32%
|
11.67%
|
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
advised by Lincoln
Financial Investments
Corporation
|
0.77%2
|
16.41%
|
8.50%
|
6.55%
|
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 Baron Growth
Opportunities Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
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
|
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 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.
|
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
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor Emerging
Markets Equity Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.50%2
|
10.04%
|
3.12%
|
1.60%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor International
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.41%2
|
18.92%
|
6.73%
|
4.40%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor Large Cap
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.36%2
|
17.39%
|
12.81%
|
10.06%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor SMID Cap
Equity Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
15.54%
|
11.42%
|
7.16%
|
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%
|
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 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%
|
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%
|
Maximum current income (yield)
consistent with a prudent
investment strategy.
|
LVIP Macquarie Bond Fund
- Standard Class3
advised by Lincoln
Financial Investments
Corporation
|
0.37%
|
5.93%
|
1.50%
|
1.99%
|
Total return.
|
LVIP Macquarie Diversified
Floating Rate Fund -
Standard Class3
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
advised by Lincoln
Financial Investments
Corporation
|
0.54%2
|
6.24%
|
2.07%
|
2.09%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Maximum total return, consistent
with reasonable risk.
|
LVIP Macquarie Limited-
Term Diversified Income
Fund - Standard Class3
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
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
advised by Lincoln
Financial Investments
Corporation
|
0.80%2
|
16.45%
|
12.25%
|
8.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Social
Awareness Fund -
Standard Class3
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
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
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
advised by Lincoln
Financial Investments
Corporation
|
0.68%
|
3.49%
|
8.10%
|
7.84%
|
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%
|
To match as closely as practicable,
before fees and expenses, the
performance of the Bloomberg U.S.
Aggregate Index.
|
LVIP SSGA Bond Index
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.37%2
|
5.30%
|
0.78%
|
1.49%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP SSGA Conservative
Index Allocation Fund -
Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%2
|
10.73%
|
5.28%
|
4.09%
|
To approximate as closely as
practicable, before fees and
expenses, the performance of a
broad market index of non-U.S.
foreign securities.
|
LVIP SSGA International
Index Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.39%2
|
17.57%
|
7.96%
|
4.02%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Seek to approximate as closely as
practicable, before fees and
expenses, the performance of a
broad market index that emphasizes
stocks of mid-sized U.S.
companies.
|
LVIP SSGA Mid-Cap Index
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
This fund will be available
on or about May 13, 2024.
Please consult your
registered representative.
|
0.35%2
|
16.05%
|
12.22%
|
N/A
|
A balance between a high level of
current income and growth of
capital, with a greater emphasis on
growth of capital. A fund of funds.
|
LVIP SSGA Moderate Index
Allocation Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%
|
13.57%
|
7.38%
|
5.33%
|
A balance between high level of
current income and growth of
capital, with a greater emphasis on
growth of capital. A fund of funds.
|
LVIP SSGA Moderately
Aggressive Index
Allocation Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.51%
|
14.82%
|
8.04%
|
5.72%
|
To approximate as closely as
practicable, before fees and
expenses, the total rate of return of
common stocks publicly traded in
the United States, as represented by
the S&P 500 Index.
|
LVIP SSGA S&P 500 Index
Fund - Standard Class4
advised by Lincoln
Financial Investments
Corporation
|
0.23%
|
26.01%
|
15.41%
|
11.77%
|
To approximate as closely as
practicable, before fees and
expenses, the performance of the
Russell 2000® Index, which
emphasizes stocks of small U.S.
companies.
|
LVIP SSGA Small-Cap
Index Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.38%2
|
16.50%
|
9.52%
|
6.74%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP Structured
Conservative Allocation
Fund - Standard Class
advised by Lincoln
Financial Investments
Corporation
|
0.60%
|
10.27%
|
5.06%
|
3.97%
|
A balance between a high level of
current income and growth of
capital, with an emphasis on growth
of capital. A fund of funds.
|
LVIP Structured Moderate
Allocation Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.57%
|
13.09%
|
7.12%
|
5.22%
|
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 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%
|
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%
|
Capital growth.
|
LVIP Wellington Capital
Growth Fund - Standard
Class
advised by Lincoln
Financial Investments
Corporation
|
0.70%2
|
38.70%
|
16.98%
|
13.91%
|
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 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
advised by Delaware
Management Company
|
1.18%2
|
13.79%
|
4.20%
|
2.67%
|
Capital Appreciation.
|
Macquarie VIP Small Cap
Value Series - Standard
Class3
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%
|
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%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
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%
|
Tier 1
If any amount of the Accumulation Value is
invested in Tier 3 Sub-Accounts, a
minimum of 25% of the Accumulation
Value must be invested in Tier 1 Sub-
Accounts or the Fixed Account.
|
Tier 2
No restrictions or requirements exist on
Tier 2 Sub-Accounts.
|
Tier 3
Only a maximum of 75% of the
Accumulation Value can be invested in this
tier. If any of the Accumulation Value is
invested in this tier, a minimum of 25% of
the Accumulation Value must be invested
in Tier 1 Sub-Accounts or the Fixed
Account.
|
•LVIP BlackRock Inflation Protected Bond
Fund
•LVIP JPMorgan High Yield Fund
•LVIP Macquarie Bond Fund
•LVIP Macquarie Diversified Floating Rate
Fund
•LVIP Macquarie Diversified Income Fund
•LVIP Macquarie Limited-Term Diversified
Income Fund
•LVIP Mondrian Global Income Fund
•LVIP SSGA Bond Index Fund
•LVIP Vanguard Bond Allocation Fund
•Templeton Global Bond VIP Fund
|
•Franklin Income VIP Fund
•Lincoln Hedged S&P 500 Conservative
Fund
•Lincoln Hedged S&P 500 Fund
•LVIP American Century Balanced Fund
•LVIP BlackRock Global Allocation Fund
•LVIP BlackRock Global ETF Allocation
Managed Risk Fund
•LVIP BlackRock US Growth ETF Allocation
Managed Risk Fund
•LVIP Global Conservative Allocation
Managed Risk Fund
•LVIP Global Growth Allocation Managed
Risk Fund
•LVIP Global Moderate Allocation Managed
Risk Fund
•LVIP SSGA Conservative Index Allocation
Fund
•LVIP SSGA Moderate Index Allocation
Fund
|
•AB VPS Discovery Value Portfolio
•AB VPS Sustainable Global Thematic
Portfolio
•American Funds Global Growth Fund
•American Funds Global Small Capital-
ization Fund
•American Funds Growth Fund
•American Funds Growth-Income Fund
•American Funds International Fund
•ClearBridge Variable Mid Cap Portfolio
•DWS Alternative Asset Allocation VIP
Portfolio
•Fidelity® VIP Contrafund® Portfolio
•Fidelity® VIP Growth Portfolio
•Fidelity® VIP Mid Cap Portfolio
•Franklin Mutual Shares VIP Fund
•Invesco V.I. EQV International Equity Fund
•LVIP AllianceBernstein Large Cap Growth
Fund
•LVIP Baron Growth Opportunities Fund
|
Tier 1
If any amount of the Accumulation Value is
invested in Tier 3 Sub-Accounts, a
minimum of 25% of the Accumulation
Value must be invested in Tier 1 Sub-
Accounts or the Fixed Account.
|
Tier 2
No restrictions or requirements exist on
Tier 2 Sub-Accounts.
|
Tier 3
Only a maximum of 75% of the
Accumulation Value can be invested in this
tier. If any of the Accumulation Value is
invested in this tier, a minimum of 25% of
the Accumulation Value must be invested
in Tier 1 Sub-Accounts or the Fixed
Account.
|
|
•LVIP SSGA Moderately Aggressive Index
Allocation Fund
•LVIP Structured Conservative Allocation
Fund
•LVIP Structured Moderate Allocation Fund
•LVIP Structured Moderately Aggressive
Allocation Fund
•LVIP U.S. Growth Allocation Managed
Risk Fund
•MFS® VIT Total Return Series
•TOPS® Balanced ETF Portfolio
•TOPS® Moderate Growth ETF Portfolio
|
•LVIP BlackRock Real Estate 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
Emerging Markets Equity 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 Macquarie Mid Cap Value Fund
•LVIP Macquarie SMID Cap Core Fund
•LVIP Macquarie Social Awareness Fund
•LVIP Macquarie U.S. Growth Fund
•LVIP Macquarie U.S. REIT Fund
•LVIP Macquarie Value Fund
•LVIP MFS International Growth Fund
•LVIP MFS Value Fund
•LVIP Mondrian International Value 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 T. Rowe Price Structured Mid-Cap
Growth Fund
•LVIP Vanguard Domestic Equity ETF Fund
•LVIP Vanguard International Equity ETF
Fund
•LVIP Wellington Capital Growth Fund
•LVIP Wellington SMID Cap Value Fund
•Macquarie VIP Emerging Markets Series
•Macquarie VIP Small Cap Value Series
•MFS® VIT Growth Series
•MFS® VIT Utilities Series
•PIMCO VIT CommodityRealReturn®
Strategy Portfolio
|