Multi-Fund® Group Variable Annuity Contracts
Lincoln Life Variable Annuity Account Q 
Updating Summary Prospectus for Current Contractowners
May 1, 2024
This updating summary prospectus summarizes certain changes to key features of the Multi-Fund® Group Variable Annuity Contracts variable annuity contract issued by The Lincoln National Life Insurance Company (Lincoln Life or Company).
You should read this updating summary prospectus carefully, particularly the section titled Important Information You Should Consider about the Multi-Fund® Group Variable Annuity Contracts contract.
The prospectus for the Multi-Fund® Group Variable Annuity Contracts variable annuity contract contains more information about the Contract’s features, benefits, and risks. You can find the prospectus and other information about the Contract online at www.lfg.com/VAprospectus. You can also obtain this information at no cost by calling 1-800-341-0441 or by sending an email request to
Multi-FundE-Service@lfg.com.
The Securities and Exchange Commission has not approved or disapproved the Contract or determined if this Summary Prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
All prospectuses and other shareholder reports, will be made available on www.lfg.com/VAprospectus.
1
Updated Information About Your Contract
The information in this Updating Summary Prospectus is a summary of certain contract features that have changed since the Updating Summary Prospectus dated May 1, 2023. This may not reflect all of the changes that have occurred since you entered into your Contract.
Summary of Recent Contract Changes:
Fund Name Changes:
  
Former Fund Name
New Fund Name*
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 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. 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
 
 
*
Please review Appendix A for additional fund information.
2
Important Information You Should Consider About the Contract 
 
FEES AND EXPENSES
Location in
Prospectus
Charges for Early
Withdrawals
If you make a withdrawal in excess of the free withdrawal amount before the 10th
anniversary since your last purchase payment, you may be assessed a surrender charge
of up to 6% of the amount withdrawn, declining to 0% over that time period. For
example, if you make a withdrawal of $100,000 during the first two years after your
purchase payment, you could be assessed a charge of up to $6,000 on the purchase
payment withdrawn.
•Fee Tables
•Examples
•Charges and
Other
Deductions –
Surrender
Charge
Transaction
Charges
If you participate in a tax deferred retirement plan that allows participant loans, you may
be eligible to take a loan against your Contract Value. Depending on your state of
residence, a one-time fee of up to $35 may be charged to set up and process a loan and
the outstanding amount of the loan is subject to loan interest and a loan maintenance
fee. The loan maintenance fee is an annual rate of up to 3.00%.
•Fee Tables
•Charges and
Other
Deductions
Ongoing Fees and
Expenses (annual
charges)
Minimum and Maximum Annual Fee Table. The table below describes the fees and
expenses that you may pay each year, depending on the options you choose. Please
refer to your contract specifications page for information about the specific fees you will
pay each year based on the options you have elected.
•Fee Tables
•Examples
•Charges and
Other
Deductions
Annual Fee
Minimum
Maximum
Base Contract
0.55%1
1.002%1
Investment options (fund fees and
expenses)
0.23%2
1.32%2
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
N/A
N/A
1 As a percentage of average daily net assets in the Subaccounts.
2 As a percentage of fund net assets.
Lowest and Highest Annual Cost Table. Because your Contract is customizable, the
choices you make affect how much you will pay. To help you understand the cost of
owning your Contract, the following table shows the lowest and highest cost you could
pay each year, based on current charges. This estimate assumes that you do not take
withdrawals from the Contract, which could add surrender charges that substantially
increase costs.
Lowest Annual Cost: $1,225
Highest Annual Cost: $2,676
Assumes:
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive fund fees and
expenses
•No optional benefits
•No surrender charges
•No additional purchase payments,
transfers, or withdrawals
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
optional benefits and fund fees and
expenses
•No surrender charges
•No additional purchase payments,
transfers, or withdrawals
3
 
RISKS
Location in
Prospectus
Risk of Loss
•You can lose money by investing in this Contract, including loss of principal.
•Principal Risks
•Variable
Annuity
Account
•Investments of
the Variable
Annuity
Account
Not a Short-Term
Investment
•This Contract is not designed for short-term investing and is not appropriate for an
investor who needs ready access to cash.
•Withdrawals may result in surrender charges. If you take a withdrawal, any surrender
charges will reduce the value of your Contract or the amount of money that you
actually receive.
•The benefits of tax deferral and long-term income also mean the Contract is more
beneficial to investors with a long-term investment horizon.
•Withdrawals are subject to ordinary income tax and may be subject to tax penalties.
•Principal Risks
•Surrenders and
Withdrawals
•Fee Tables
Risks Associated
with Investment
Options
•An investment in this Contract is subject to the risk of poor investment performance
of the investment options you choose. Performance can vary depending on the
performance of the investment options available under the Contract.
•Each investment option (including the fixed account option) has its own unique risks.
•You should review the investment options before making an investment decision.
•Principal Risks
•Variable
Annuity
Account
•Investments in
the Variable
Annuity
Insurance
Company Risks
•An investment in the Contract is subject to the risks related to us, Lincoln Life. Any
obligations (including under the fixed account option), guarantees, or benefits of the
Contract are subject to our claims-paying ability. If we experience financial distress,
we may not be able to meet our obligations to you. More information about Lincoln
Life, including our financial strength ratings, is available upon request by calling 1-
800-454-6265 or visiting www.LincolnFinancial.com.
•Principal Risks
 
RESTRICTIONS
Location in
Prospectus
Investments
•The frequency of transfers between investment options is restricted. There are also
restrictions on the minimum amount that may be transferred from a variable option
and the maximum amount that may be transferred from the fixed account option.
•We reserve the right to remove or substitute the funds that are available as
investment options under the Contract.
•Principal Risks
Optional Benefits
•N/A
•N/A
 
TAXES
Location in
Prospectus
Tax Implications
•Consult with a tax professional to determine the tax implications of an investment in
and payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or IRA, you do not get any
additional tax benefit under the Contract.
•Earnings on your Contract are taxed at ordinary income tax rates when you withdraw
them, and you may have to pay a penalty if you take a withdrawal before age 59½.
•Federal Tax
Matters
4
 
CONFLICTS OF INTEREST
Location in
Prospectus
Investment
Professional
Compensation
•Your registered representative may receive compensation for selling this Contract to
you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-
cash compensation. We may share the revenue we earn on this Contract with your
investment professional’s firm.
•This potential conflict of interest may influence your registered representative to
recommend this Contract over another investment for which the investment
professional is not compensated or compensated less.
•Distribution of
the Contracts
•Principal Risks
Exchanges
•If you already own a contract, some investment professionals may have a financial
incentive to offer you a new Contract in place of the one you own. You should only
exchange a contract you already own if you determine, after comparing the features,
fees, and risks of both contracts, that it is better for you to purchase the new
Contract rather than continue to own your existing contract.
•Replacement
of Existing
Insurance
5
Appendix A — Funds Available Under The Contract
The following is a list of funds currently available under the Contract. Depending on the optional benefits you choose, you may not be able to invest in certain funds. Current performance of the Subaccounts can be found at www.lfg.com/VAprospectus. More information about the funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.lfg.com/VAprospectus. You can also request this information and current fund performance at no cost by calling 1-800-341-0441 or by sending an email request to Multi-FundE-Service@lfg.com.
The current expenses and performance information below reflects fees and expenses of the Fund, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund’s past performance is not necessarily an indication of future performance. 
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 Sustainable Global Thematic
Portfolio - Class B
advised by AllianceBernstein L.P.
1.17%2
15.70%
13.27%
9.33%
Long-term growth of capital.
American Funds Global Growth Fund -
Class 2
0.66%2
22.60%
13.65%
9.58%
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%
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%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2020 PortfolioSM
- Service Class
0.57%
12.34%
7.38%
5.63%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2025 PortfolioSM
- Service Class
0.59%
13.48%
8.14%
6.09%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2030 PortfolioSM
- Service Class
0.62%
14.56%
9.17%
6.75%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2035 PortfolioSM
- Service Class
0.67%
16.71%
10.74%
7.56%
A-1
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 with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2040 PortfolioSM
- Service Class
0.71%
18.82%
11.81%
8.04%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2045 PortfolioSM
- Service Class
0.72%
19.33%
11.92%
8.08%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2050 PortfolioSM
- Service Class
0.72%
19.30%
11.91%
8.07%
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2055 PortfolioSM
- Service Class
0.72%
19.40%
N/A
N/A
High total return with a secondary
objective of principal preservation as the
fund approaches its target date and
beyond. A fund of funds.
Fidelity® VIP Freedom 2060 PortfolioSM
- Service Class
0.72%
19.30%
N/A
N/A
To achieve capital appreciation.
Fidelity® VIP Growth Portfolio - Service
Class
0.68%
36.09%
19.52%
14.68%
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
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%
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%
A-2
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 Blended Mid Cap Managed
Volatility Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
0.73%2
17.75%
10.22%
6.41%
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 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%
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%
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%
A-3
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 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 - Service Class3
(formerly LVIP Delaware Diversified
Floating Rate Fund)
advised by Lincoln Financial Investments
Corporation
0.88%2
5.31%
2.13%
1.43%
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%
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%
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%
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%
A-4
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 a responsible level of income
and the potential for capital appreciation.
LVIP Macquarie Wealth Builder Fund -
Standard Class3
(formerly LVIP Delaware Wealth Builder
Fund)
advised by Lincoln Financial Investments
Corporation
0.71%2
9.91%
5.95%
4.45%
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%
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
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%
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
0.66%2
13.54%
7.41%
4.90%
A-5
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 2030 Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
0.68%2
16.14%
9.08%
5.46%
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
0.70%2
19.19%
10.72%
6.11%
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
LVIP T. Rowe Price 2050 Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
0.72%2
20.30%
11.25%
6.57%
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
LVIP T. Rowe Price 2060 Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
0.72%2
20.31%
N/A
N/A
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%
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 Appreciation.
Macquarie VIP Small Cap Value Series -
Service Class3
(formerly Delaware VIP® Small Cap
Value Series)
advised by Delaware Management
Company
1.08%
9.10%
9.87%
6.77%
Total return.
MFS® VIT Utilities Series - Initial Class
advised by Massachusetts Financial
Services Company
0.79%2
-2.11%
8.31%
6.39%
Maximum total return, consistent with
preservation of capital and prudent
investment management.
PIMCO VIT Total Return Portfolio -
Administrative Class
advised by Pacific Investment
Management Company, LLC
0.75%
5.93%
1.08%
1.71%
1
The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the fund or the fund company.
2
This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.
3
Investments in Macquarie VIP Series, Delaware Funds, Ivy Funds, LVIP Macquarie Funds or Lincoln Life accounts managed by Macquarie Investment Management Advisers, a series of Macquarie Investments Management Business Trust, are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46008 583 542 and its holding companies, including their subsidiaries or related companies, and are subject to investment risk, including possible delays in prepayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the series or funds or accounts, the repayment of capital from the series or funds or account, or any particular rate of return.
4
The Index to which this fund is managed to is a product of S&P Dow Jones Indices LLC (SPDJI) and has been licensed for use by one or more of the portfolio’s service providers (licensee). Standard & Poor’s®, S&P®, S&P GSCI® and S&P 500® are registered trademarks of S&P Global, Inc. or its affiliates (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). The trademarks have been licensed for use by SPDJI and
A-6
sublicensed for certain purposes by the licensee. The licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or their third party licensors, and none of these parties or their respective affiliates or third party licensors make any representation regarding the advisability of investing in such products, nor do they have liability for any errors, omissions, or interruptions of the Index.
5
Standard & Poor’s®,” “S&P®,” “Standard & Poor’s Equal Weight Index,” “S&P EWI,” “S&P 500®,” “Standard & Poor’s 500” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Invesco V.I. Equally-Weighted S&P 500 Fund. The fund is not sponsored, endorsed, sold or promoted by S&P, and S&P makes no representation regarding the advisability of investing in the fund.
6
Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademark has been licensed to S&P Dow Jones Indices LLC and has been sublicensed for use for certain purposes by First Trust Advisors L.P. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the product.
A-7
 
[THIS PAGE INTENTIONALLY LEFT BLANK]
 
[THIS PAGE INTENTIONALLY LEFT BLANK]
 
[THIS PAGE INTENTIONALLY LEFT BLANK]
This updating summary prospectus incorporates by reference the prospectus and statement of additional information (SAI) for the Contract, both dated May 1, 2024, as may be amended or supplemented from time to time. The SAI may be obtained, free of charge, in the same manner as the prospectus.
 
SEC File Nos. 333-43373; 811-08569
EDGAR Contract Identifier C000007694