Supplement Dated May 1, 2024
To the Product Prospectuses Dated May 1, 2024 for:


LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK

LLANY Separate Account S for Flexible Premium Variable Life Insurance
Lincoln Corporate Variable 5, Lincoln Corporate Commitment® VUL

If your financial advisor is a member of M Financial Group:

This supplement provides information about four additional funds offered under your Policy. A separate funds prospectus supplement for these four funds has also been prepared, and should be presented to you along with this product prospectus supplement. Except as amended by this supplement, all information in your product prospectus applies. The funds and their investment advisers and objectives are listed below.

Investment Objective
Fund and Adviser/Sub-adviser
Current Expenses
Average Annual Total
Returns (as of 12/31/2023)
1 Year
5 Year
10 Year
Long-term capital appreciation.
M Capital Appreciation Fund
advised by M Financial Investment Advisers, Inc. (MFIA)
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
1.00%
23.56%
12.56%
8.90%
Long-term capital appreciation.
M International Equity Fund
advised by M Financial Investment Advisers, Inc. (MFIA)
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.76%
16.00%
7.70%
2.45%
Long-term capital appreciation.
M Large Cap Growth Fund
advised by M Financial Investment Advisers, Inc. (MFIA)
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.77%
32.04%
15.98%
12.39%
Long-term capital appreciation.
M Large Cap Value Fund
advised by M Financial Investment Advisers, Inc. (MFIA)
This fund is available only to existing policy holders as of May 18, 2009. Consult your financial adviser.
0.65%
7.60%
10.16%
6.96%





Please retain this Supplement for future reference.