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Contents
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A-1
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FEES AND EXPENSES
|
Location in
Prospectus
|
||
Charges for
Early
Withdrawals
|
There are no charges for a Full Surrender or a Withdrawal.
|
•Policy
Charges and
Fees
|
||
Transaction
Charges
|
You may be charged for other transactions, such as transferring Policy
Value between Sub-Accounts or exercising certain benefits.
|
•Policy
Charges and
Fees
|
||
Ongoing Fees
and Expenses
(annual
charges)
|
•In addition to 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,
Administrative Fees, mortality and expense risk charges and Policy
Loan interest.
•Certain fees are set based on characteristics of the Insured (e.g., age,
Target Age and gender). 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*
|
0.46%
|
3.17%
|
||
*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.
•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 and Withdrawals 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.
|
•Transfer Fee
•Sub-Account
Availability
and
Substitution of
Funds
|
||
Optional
Benefits
|
•N/A
|
•Optional Sub-
Account
Allocation
Program
|
|
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.
|
•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)
|
Option
|
Death Benefit Option
|
Variability
|
1
|
The Life Insurance Amount on the date of the Insured’s death.
|
None, level death benefit
|
2
|
The Life Insurance Amount on the date of the Insured’s death plus
the Accumulation Value on the date of death, less any Withdrawals
processed after the Insured’s date of death.
|
May increase or decrease over
time, depending on the amount
of Premium paid and the
investment performance of the
Sub-Accounts.
|
Name of Benefit
|
Purpose
|
Standard or
Optional
|
Brief Description of
Restrictions/Limitations
|
No-Lapse
Protection
|
Provides No-Lapse
protection until
Target Age if the
minimum Premium
requirement is met
each year.
|
Standard
|
•Available at issue.
•Must meet the No-Lapse test.
•If Death Benefit Option changes this provision
terminates.
•Automatically terminates at the end of the No-Lapse
Period.
•Please see additional information under the Lapses
and Reinstatement section.
|
Overloan
Protection
|
Provides that your
Policy will not lapse
solely based on Debt
exceeding the Cash
Value.
|
Standard
|
Automatically issued at Policy purchase.
To activate the benefit:
•The overloan conditions must be met for the benefit
to activate.
Once activated the following changes will be made to
your Policy:
•We will no longer allow Premium Payments,
Withdrawals or additional loans.
•The Separate Account Value will be transferred to the
Loan Account.
•Please see additional information under the Lapses
and Reinstatement section.
|
Automatic
Rebalancing
|
To periodically
restore Sub-Account
exposure to a pre-
determined level
selected by the
policyholder to
reduce potential risk
exposure to market
volatility.
|
Optional
|
•Is available on a quarterly, semi-annual and annual
basis.
|
Policy Loans
|
Borrow against the
Surrender Value of
your Policy.
|
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)
|
N/A
|
N/A
|
Premium Tax
|
Company does not assess a Premium
Tax to the Owner
|
N/A
|
Maximum Deferred Sales
Charge (Load)
|
N/A
|
N/A
|
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 Risk:
|
•Maximum: $83.33333 per $1,000
|
||
•Minimum: $0.02667 per $1,000
|
||
•Maximum Charge for a
Representative Insured (male, Issue
Age 40, Target Age 65, in year one):
$0.17771 per $1,000
|
||
Mortality and Expense Risk
Charge (“M&E”)
|
Monthly
|
Maximum of 0.6%, effective annual
rate, as a percentage of Separate
Account Value, calculated monthly1
|
Administrative Fee*
|
Monthly
|
An amount up to a maximum of
$0.31263 per $1,000 of Initial Life
Insurance Amount2
|
Policy Loan Interest
|
Annually
|
As an annualized percentage of the
loaned amount3
|
0.25%
|
Annual Fund Expenses
|
Minimum
|
Maximum
|
(expenses are deducted from fund assets, including management fees, distribution,
and/or 12b-1 fees, and other expenses)
|
0.46%
|
3.17%*
|
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 4
|
0.80%
|
14.02%
|
8.92%
|
6.98%
|
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 4
|
0.78%2
|
8.75%
|
7.18%
|
N/A
|
Long-term growth of capital.
|
American Funds Global
Growth Fund - Class 4
|
0.91%2
|
22.29%
|
13.36%
|
9.30%
|
Long-term capital growth.
|
American Funds Global
Small Capitalization Fund -
Class 4
|
1.16%2
|
15.79%
|
8.03%
|
5.51%
|
Growth of capital.
|
American Funds Growth
Fund - Class 4
|
0.84%
|
38.13%
|
18.38%
|
14.07%
|
Long-term growth of capital and
income.
|
American Funds Growth-
Income Fund - Class 4
|
0.78%
|
25.82%
|
13.08%
|
10.63%
|
Long-term growth of capital.
|
American Funds
International Fund - Class
4
|
1.03%
|
15.56%
|
4.58%
|
3.15%
|
To provide current income and
preservation of capital.
|
American Funds Mortgage
Fund - Class 4
|
0.82%2
|
3.51%
|
0.57%
|
1.24%
|
Long-term capital appreciation.
|
American Funds New
World Fund® - Class 4
|
1.07%2
|
15.67%
|
8.37%
|
4.43%
|
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 4
|
0.77%2
|
16.97%
|
12.33%
|
9.64%
|
Capital Appreciation.
|
ClearBridge Variable
Growth Portfolio - Class II
advised by Legg Mason
Partners Fund Advisor, LLC
|
1.10%
|
24.13%
|
8.05%
|
6.38%
|
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.
|
ClearBridge Variable Large
Cap Growth Portfolio -
Class II
advised by Legg Mason
Partners Fund Advisor, LLC
|
1.01%
|
43.66%
|
15.22%
|
N/A
|
Long-term growth of capital.
|
ClearBridge Variable Mid
Cap Portfolio - Class II
advised by Legg Mason
Partners Fund Advisor, LLC
|
1.08%
|
12.62%
|
10.46%
|
6.83%
|
Total return.
|
Columbia VP Commodity
Strategy Fund - Class 2
|
1.01%2
|
-7.14%
|
9.08%
|
-0.97%
|
High total return through current
income and, secondarily, through
capital appreciation.
|
Columbia VP Emerging
Markets Bond Fund - Class
2
|
1.00%2
|
10.02%
|
1.57%
|
2.20%
|
Total return, consisting of current
income and capital appreciation.
|
Columbia VP Strategic
Income Fund - Class 2
|
0.94%2
|
9.20%
|
2.91%
|
2.99%
|
To provide a high level of current
income.
|
Eaton Vance VT Floating-
Rate Income Fund - Initial
Class
|
1.17%
|
11.21%
|
4.13%
|
3.22%
|
Income and capital growth
consistent with reasonable risk.
|
Fidelity® VIP Balanced
Portfolio - Service Class 2
|
0.69%
|
21.29%
|
12.16%
|
8.81%
|
Long-term capital appreciation.
|
Fidelity® VIP Contrafund®
Portfolio - Service Class 2
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
To achieve capital appreciation.
|
Fidelity® VIP Growth
Portfolio - Service Class 2
|
0.83%
|
35.89%
|
19.34%
|
14.51%
|
Long-term growth of capital.
|
Fidelity® VIP Mid Cap
Portfolio - Service Class 2
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
High level of current income, and
may also seek capital appreciation.
|
Fidelity® VIP Strategic
Income Portfolio - Service
Class 2
|
0.90%
|
9.18%
|
3.47%
|
3.10%
|
To provide capital appreciation.
|
First Trust Capital Strength
Portfolio – Class I
|
1.10%2
|
7.75%
|
N/A
|
N/A
|
To provide total return. A fund of
funds.
|
First Trust Dorsey Wright
Tactical Core Portfolio –
Class I
|
1.30%2
|
11.28%
|
7.15%
|
N/A
|
To provide capital appreciation.
|
First Trust International
Developed Capital Strength
Portfolio – Class I
|
1.20%2
|
16.90%
|
N/A
|
N/A
|
To maximize current income, with a
secondary objective of capital
appreciation.
|
First Trust Multi Income
Allocation Portfolio - Class
I
|
1.14%2
|
8.94%
|
6.25%
|
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 provide total return by allocating
among dividend-paying stocks and
investment grade bonds.
|
First Trust/Dow Jones
Dividend & Income
Allocation Portfolio - Class
I
|
1.19%
|
10.51%
|
7.23%
|
6.53%
|
Capital appreciation with income as
a secondary objective.
|
Franklin Allocation VIP
Fund - Class 4
|
0.92%2
|
14.62%
|
7.44%
|
4.64%
|
To maximize income while
maintaining prospects for capital
appreciation.
|
Franklin Income VIP Fund -
Class 4
|
0.81%2
|
8.55%
|
6.88%
|
4.90%
|
Long-term capital appreciation;
preservation of capital is also an
important consideration.
|
Franklin Rising Dividends
VIP Fund - Class 4
|
1.00%2
|
11.99%
|
13.64%
|
10.12%
|
Long-term capital growth.
|
Franklin Small-Mid Cap
Growth VIP Fund - Class 4
|
1.18%2
|
26.70%
|
13.41%
|
8.86%
|
Seeks maximum current income to
the extent consistent with the
preservation of capital and the
maintenance of liquidity by
investing exclusively in high quality
money market instruments.
|
Goldman Sachs VIT
Government Money Market
Fund - Service Shares
|
0.43%2
|
4.79%
|
1.64%
|
1.02%
|
Long-term growth of capital. A fund
of funds.
|
Goldman Sachs VIT Multi-
Strategy Alternatives
Portfolio - Advisor Shares
|
1.36%2
|
7.53%
|
4.00%
|
N/A
|
Growth of capital.
|
Hartford Capital
Appreciation HLS Fund -
Class IC
|
1.17%
|
19.38%
|
12.73%
|
8.73%
|
Capital Appreciation.
|
Invesco Oppenheimer V.I.
International Growth Fund
- Series II Shares
|
1.25%2
|
20.64%
|
8.43%
|
3.57%
|
Capital growth and income.
|
Invesco V.I. Comstock
Fund - Series II Shares
|
1.00%
|
12.10%
|
13.20%
|
8.65%
|
To seek to provide reasonable
current income and long-term
growth of income and capital.
|
Invesco V.I. Diversified
Dividend Fund - Series II
Shares
|
0.93%
|
8.77%
|
9.53%
|
7.53%
|
Both capital appreciation and
current income.
|
Invesco V.I. Equity and
Income Fund - Series II
Shares
|
0.82%
|
10.24%
|
9.64%
|
6.78%
|
Long-term growth of capital.
|
Invesco V.I. EQV
International Equity Fund -
Series II Shares
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Capital Appreciation.
|
Invesco V.I. Main Street
Small Cap Fund®- Series II
Shares
|
1.13%
|
17.82%
|
12.79%
|
8.66%
|
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.
|
LVIP AllianceBernstein
Large Cap Growth Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.88%2
|
45.95%
|
13.04%
|
11.39%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.93%2
|
13.27%
|
7.63%
|
5.72%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
1.02%2
|
16.12%
|
8.20%
|
N/A
|
Long-term capital growth, income
is secondary objective.
|
LVIP American Century
Large Company Value Fund
- Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.85%2
|
3.78%
|
10.37%
|
7.58%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.94%2
|
14.55%
|
8.17%
|
6.12%
|
Current income, consistent with the
preservation of capital. A fund of
funds.
|
LVIP American
Preservation Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.86%2
|
3.74%
|
0.98%
|
1.00%
|
Capital Appreciation.
|
LVIP Baron Growth
Opportunities Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
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 investment return.
|
LVIP BlackRock Global
Allocation Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.98%2
|
13.35%
|
N/A
|
N/A
|
To maximize real return, consistent
with preservation of real capital and
prudent investment management.
|
LVIP BlackRock Inflation
Protected Bond Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.88%
|
4.81%
|
2.90%
|
1.93%
|
Total return through a combination
of current income and long-term
capital appreciation.
|
LVIP BlackRock Real Estate
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.07%2
|
12.79%
|
4.50%
|
3.59%
|
Long-term capital appreciation.
|
LVIP Dimensional
International Core Equity
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.87%2
|
15.72%
|
7.72%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional U.S.
Core Equity 1 Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.75%2
|
22.36%
|
14.59%
|
10.69%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S.
Core Equity 2 Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.74%
|
21.35%
|
14.45%
|
N/A
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor Emerging
Markets Equity Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.75%2
|
9.76%
|
2.86%
|
1.34%
|
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 - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.66%2
|
18.62%
|
6.47%
|
4.13%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor Large Cap
Equity Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.61%2
|
17.09%
|
12.53%
|
9.79%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton
Multi-Factor SMID Cap
Equity Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.64%2
|
15.25%
|
11.14%
|
6.89%
|
To maximize total return by
investing primarily in a diversified
portfolio of intermediate- and long-
term debt securities.
|
LVIP JPMorgan Core Bond
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.74%
|
5.66%
|
1.04%
|
1.56%
|
A high level of current income;
capital appreciation is the
secondary objective.
|
LVIP JPMorgan High Yield
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.93%2
|
11.49%
|
4.69%
|
3.73%
|
To provide investment results over
a full market cycle that, before fees
and expenses, are superior to an
index that tracks global equities.
|
LVIP Loomis Sayles Global
Growth Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
1.12%2
|
36.38%
|
13.28%
|
N/A
|
Maximum current income (yield)
consistent with a prudent
investment strategy.
|
LVIP Macquarie Bond Fund
- Service Class3
advised by Lincoln
Financial Investments
Corporation
|
0.72%
|
5.57%
|
1.14%
|
1.64%
|
Total return.
|
LVIP Macquarie Diversified
Floating Rate Fund -
Service Class3
advised by Lincoln
Financial Investments
Corporation
|
0.88%2
|
5.31%
|
2.13%
|
1.43%
|
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 - Service
Class3
advised by Lincoln
Financial Investments
Corporation
|
0.84%2
|
5.94%
|
1.75%
|
1.80%
|
Total return and, as a secondary
objective, high current income.
|
LVIP Macquarie High Yield
Fund - Service Class3
advised by Lincoln
Financial Investments
Corporation
|
1.04%2
|
12.34%
|
5.19%
|
3.25%
|
Maximum total return, consistent
with reasonable risk.
|
LVIP Macquarie Limited-
Term Diversified Income
Fund - Service Class3
advised by Lincoln
Financial Investments
Corporation
|
0.83%2
|
4.68%
|
1.56%
|
1.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Mid Cap
Value Fund - Service
Class3
advised by Lincoln
Financial Investments
Corporation
|
0.78%
|
10.86%
|
11.49%
|
8.24%
|
Long-term capital appreciation.
|
LVIP Macquarie SMID Cap
Core Fund - Service Class3
advised by Lincoln
Financial Investments
Corporation
|
1.10%2
|
16.10%
|
11.91%
|
8.06%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Social
Awareness Fund - Service
Class3
advised by Lincoln
Financial Investments
Corporation
|
0.80%
|
29.72%
|
15.45%
|
10.93%
|
Long-term capital appreciation.
|
LVIP Macquarie U.S.
Growth Fund - Service
Class3
advised by Lincoln
Financial Investments
Corporation
|
1.02%
|
47.90%
|
18.02%
|
12.22%
|
Maximum long-term total return,
with capital appreciation as a
secondary objective.
|
LVIP Macquarie U.S. REIT
Fund - Service Class3
advised by Lincoln
Financial Investments
Corporation
|
1.13%2
|
12.24%
|
6.14%
|
5.94%
|
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 Value Fund
- Service Class3
advised by Lincoln
Financial Investments
Corporation
|
0.98%
|
3.18%
|
7.78%
|
7.54%
|
Long-term capital appreciation.
|
LVIP MFS International
Growth Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
1.05%2
|
14.42%
|
9.55%
|
6.31%
|
Capital Appreciation.
|
LVIP MFS Value Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.87%2
|
7.80%
|
11.10%
|
8.30%
|
Current income consistent with the
preservation of capital.
|
LVIP Mondrian Global
Income Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.90%2
|
3.76%
|
-1.16%
|
0.01%
|
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 -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.00%2
|
19.81%
|
5.77%
|
3.19%
|
To seek a high level of current
income consistent with
preservation of capital.
|
LVIP PIMCO Low Duration
Bond Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.93%2
|
4.61%
|
1.04%
|
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 - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.62%2
|
5.03%
|
0.52%
|
1.23%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP SSGA Conservative
Index Allocation Fund -
Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.76%2
|
10.46%
|
5.02%
|
3.83%
|
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 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
- Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.75%2
|
8.56%
|
2.48%
|
N/A
|
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 - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.64%2
|
17.27%
|
7.70%
|
3.76%
|
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 - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.60%2
|
15.75%
|
11.94%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.76%
|
13.28%
|
7.11%
|
5.07%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.76%
|
14.54%
|
7.77%
|
5.45%
|
Seeks an investment return that
approximates as closely as
practicable, before fees and
expenses, the performance of U.S.
common stocks, as represented by
the Nasdaq-100® Index.
|
LVIP SSGA Nasdaq-100
Index Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.70%2
|
54.11%
|
N/A
|
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 - Service Class4
advised by Lincoln
Financial Investments
Corporation
|
0.48%
|
25.70%
|
15.12%
|
11.49%
|
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 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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.61%2
|
4.91%
|
1.62%
|
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 - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.63%2
|
16.21%
|
9.25%
|
6.47%
|
A high level of current income, with
some consideration given to growth
of capital. A fund of funds.
|
LVIP Structured
Conservative Allocation
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.85%
|
9.99%
|
4.80%
|
3.71%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.82%
|
12.81%
|
6.86%
|
4.96%
|
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 - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.84%
|
13.98%
|
7.42%
|
5.28%
|
To maximize capital appreciation.
|
LVIP T. Rowe Price
Structured Mid-Cap
Growth Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.97%2
|
20.87%
|
13.22%
|
10.54%
|
Total return consistent with the
preservation of capital. A fund of
funds.
|
LVIP Vanguard Bond
Allocation Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.62%
|
5.73%
|
0.33%
|
1.02%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Vanguard Domestic
Equity ETF Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.57%2
|
24.91%
|
14.55%
|
10.81%
|
Long-term capital appreciation. A
fund of funds.
|
LVIP Vanguard
International Equity ETF
Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.59%2
|
15.07%
|
6.84%
|
3.74%
|
Capital growth.
|
LVIP Wellington Capital
Growth Fund - Service
Class
advised by Lincoln
Financial Investments
Corporation
|
0.95%2
|
38.35%
|
16.68%
|
13.63%
|
Long-term capital appreciation.
|
LVIP Wellington SMID Cap
Value Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
1.04%2
|
16.95%
|
12.17%
|
7.44%
|
Maximize total return.
|
LVIP Western Asset Core
Bond Fund - Service Class
advised by Lincoln
Financial Investments
Corporation
|
0.78%
|
6.19%
|
0.79%
|
N/A
|
Total return.
|
Macquarie VIP Asset
Strategy Series - Service
Class3
advised by Delaware
Management Company
|
0.85%2
|
13.90%
|
8.27%
|
3.48%
|
Long-term capital appreciation.
|
Macquarie VIP Emerging
Markets Series - Service
Class3
advised by Delaware
Management Company
|
1.48%2
|
13.45%
|
3.87%
|
2.38%
|
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 and appreciation.
|
Macquarie VIP Energy
Series - Service Class3
advised by Delaware
Management Company
|
1.17%2
|
4.06%
|
7.75%
|
-2.41%
|
To seek to provide total return
through a combination of high
current income and capital
appreciation.
|
Macquarie VIP High
Income Series - Service
Class3
advised by Delaware
Management Company
|
0.96%
|
11.95%
|
4.46%
|
3.70%
|
Growth of capital.
|
Macquarie VIP Mid Cap
Growth Series - Service
Class3
advised by Delaware
Management Company
|
1.10%2
|
19.59%
|
14.63%
|
10.47%
|
Growth of capital.
|
Macquarie VIP Science and
Technology Series -
Service Class3
advised by Delaware
Management Company
|
1.15%
|
39.04%
|
17.17%
|
10.87%
|
Growth of capital.
|
Macquarie VIP Small Cap
Growth Series - Service
Class3
advised by Delaware
Management Company
|
1.14%2
|
13.11%
|
7.89%
|
6.28%
|
Capital Appreciation.
|
Macquarie VIP Small Cap
Value Series - Service
Class3
advised by Delaware
Management Company
|
1.08%
|
9.10%
|
9.87%
|
6.77%
|
Capital Appreciation.
|
MFS® VIT Growth Series -
Service Class
advised by Massachusetts
Financial Services
Company
|
0.98%2
|
35.51%
|
15.59%
|
12.69%
|
Total return.
|
MFS® VIT Total Return
Series - Service Class
advised by Massachusetts
Financial Services
Company
|
0.86%2
|
10.22%
|
8.27%
|
6.27%
|
Total return.
|
MFS® VIT Utilities Series -
Service Class
advised by Massachusetts
Financial Services
Company
|
1.04%2
|
-2.33%
|
8.05%
|
6.13%
|
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 seek both capital appreciation
and current income.
|
Morgan Stanley VIF Global
Infrastructure Portfolio -
Class II
|
1.12%2
|
4.27%
|
6.55%
|
4.98%
|
Maximum real return, consistent
with preservation of real capital and
prudent investment management. A
fund of funds.
|
PIMCO VIT All Asset
Portfolio - Advisor Class
advised by Pacific
Investment Management
Company, LLC
|
2.29%2
|
8.02%
|
5.90%
|
3.93%
|
Maximum real return, consistent
with prudent investment
management.
|
PIMCO VIT
CommodityRealReturn®
Strategy Portfolio - Advisor
Class
advised by Pacific
Investment Management
Company, LLC
|
1.58%2
|
-7.93%
|
8.46%
|
-0.90%
|
To seek maximum long-term return,
consistent with preservation of
capital and prudent investment
management.
|
PIMCO VIT Dynamic Bond
Portfolio - Advisor Class
advised by Pacific
Investment Management
Company, LLC
|
1.14%
|
6.99%
|
2.14%
|
2.22%
|
To seek maximum total return,
consistent with preservation of
capital and prudent investment
management.
|
PIMCO VIT Emerging
Markets Bond Portfolio -
Advisor Class
advised by Pacific
Investment Management
Company, LLC
|
1.37%
|
11.00%
|
2.14%
|
2.67%
|
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 IB
|
0.92%
|
19.90%
|
10.43%
|
8.03%
|
Capital Appreciation.
|
Putnam VT Global Health
Care Fund - Class IB
|
1.01%
|
9.13%
|
13.48%
|
10.16%
|
High current income consistent
with what the manager believes to
be prudent risk.
|
Putnam VT Income Fund -
Class IB
|
0.89%
|
4.69%
|
0.37%
|
1.43%
|
Capital growth and current income.
|
Putnam VT Large Cap
Value Fund - Class IB
|
0.82%
|
15.67%
|
14.50%
|
10.26%
|
Long-term capital growth.
|
Templeton Foreign VIP
Fund - Class 4
|
1.17%2
|
20.69%
|
5.17%
|
1.18%
|
High current income consistent
with preservation of capital; capital
appreciation is a secondary
objective.
|
Templeton Global Bond VIP
Fund - Class 4
|
0.85%2
|
2.82%
|
-2.23%
|
-0.76%
|
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 by
investing primarily in global
resource securities.
|
VanEck VIP Global
Resources Fund - Class S
Shares
|
1.36%
|
-3.84%
|
10.34%
|
-1.26%
|
Long-term total return.
|
Virtus Newfleet Multi-
Sector Intermediate Bond
Series - Class A Shares
|
0.94%2
|
8.69%
|
3.19%
|
2.94%
|