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A-1 | |
B-1 |
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FEES AND EXPENSES |
Location in
Prospectus |
Charges for
Early
Withdrawals |
For a Full Surrender or Partial Surrender, for up to
of the Policy and up to 14 years from each increase in Specified Amount,
you could pay a Surrender Charge of up to $56.59 (
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 $ |
•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
Charges (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* |
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* |
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RISKS |
Location in
Prospectus | ||
Risk of Loss |
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•Principal
Risks of
Investing in
the Policy | ||
Not a Short-
Term Investment |
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•Principal
Risks of
Investing in
the Policy
•Policy
Charges and
Fees |
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RISKS |
Location in
Prospectus |
Risks
Associated with
Investment
Options |
|
•Principal
Risks of
Investing in
the Policy | ||
Insurance
Company Risks |
|
•Principal
Risks of
Investing in
the Policy
•Lincoln Life,
the Separate
Account and
the General
Account | ||
Policy Lapse |
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•Principal
Risks of
Investing in
the Policy
•Lapse and
Reinstatement |
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RESTRICTIONS |
Location in
Prospectus | ||
Investments |
|
•Transfer Fee
•Sub-Account
Availability
and
Substitution of
Funds
•Value
Protection
Rider | ||
Optional
Benefits |
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•Riders | ||
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TAXES |
Location in
Prospectus | ||
Tax Implications |
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•Tax Issues |
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CONFLICTS OF INTEREST |
Location in
Prospectus | ||
Investment
Professional
Compensation |
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•Distribution of
the Policies
and
Compensation | ||
Exchanges |
|
•Change of
Plan (located
in the SAI) |
Charge |
When Charge
is Deducted |
Amount
Deducted |
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As a percentage of the Premium
Payment paid:1
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• | ||
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Inclusive of
premium and federal tax obligations |
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•Maximum charge: $
of Specified Amount |
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$
$ |
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$ |
Charge |
When Charge is Deducted |
Amount Deducted |
Base Contract Charges | ||
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As a dollar amount per $1,000 of Net
Amount at Risk: |
•Maximum: $ | ||
•Minimum: $ | ||
•
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Maximum of % (effective annual
rate) |
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Maximum of % (effective annual
rate) |
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For a period of longer than 20 Policy
Years or increase in Specified Amount,
a monthly fee per $1,000: |
•Maximum: $ | ||
•Minimum: $ | ||
•
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Charge |
When Charge is Deducted |
Amount Deducted |
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A percentage of the amount held in the
Loan Account:1
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• | ||
Optional Benefit Charges | ||
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As a dollar amount per $1,000 of Base
LTC Limit Value: |
•Maximum: $ | ||
•Minimum: $ | ||
•
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As a dollar amount per $1,000 of
highest LTC Limit Value minus Base
LTC Limit Value: |
•Maximum: $ | ||
•Minimum: $ | ||
•
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A percentage of the Loan balance
amount against the Rider’s Cash
Surrender Value: |
• |
Annual Fund Expenses |
Minimum |
Maximum |
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Name of Benefit |
Purpose |
Standard or
Optional |
Brief Description of
Restrictions/Limitations |
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Name of Benefit |
Purpose |
Standard or
Optional |
Brief Description of
Restrictions/Limitations |
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Name of Benefit |
Purpose |
Standard or
Optional |
Brief Description of
Restrictions/Limitations |
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Fund and
Adviser/Sub-adviser1
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Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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N/A |
N/A |
N/A |
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N/A |
N/A |
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advised by
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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N/A |
N/A |
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advised by
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advised by
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advised by
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N/A |
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advised by
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N/A |
Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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N/A |
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advised by
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advised by
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advised by
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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- |
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advised by
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advised by
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N/A |
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advised by
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advised by
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advised by
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N/A |
Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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N/A |
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advised by
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advised by
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advised by
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advised by
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N/A |
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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advised by
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advised by
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N/A |
N/A |
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advised by
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advised by
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Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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advised by
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N/A |
N/A |
Investment Objective |
Fund and
Adviser/Sub-adviser1 |
Current Expenses |
Average Annual Total
Returns (as of 12/31/2023) | ||
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1 year |
5 year |
10 year |
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advised by
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N/A |
N/A |
Tier 1
No restrictions or requirements exist on
Tier 1 Sub-Accounts or in the Fixed
Account if the total investment in Tier 3 is
zero. If there any investments in Tier 3,
then investments in Tier 1 Sub-Accounts
and/or in the Fixed Account must account
for at least 20% of the Accumulation
Value. |
Tier 2
No restrictions or requirements exist on
Tier 2 Sub-Accounts. |
Tier 3
Any investment in any Tier 3 Sub-Accounts
activates the 20% requirement in the Tier 1
Sub-Accounts and/or the Fixed Account. |
•LVIP BlackRock Inflation Protected Bond
Fund
•LVIP Government Money Market Fund
•LVIP Macquarie Bond Fund
•LVIP Mondrian Global Income Fund
•LVIP PIMCO Low Duration Bond Fund
•LVIP SSGA Bond Index Fund
•LVIP SSGA Short-Term Bond Index Fund |
•First Trust Capital Strength Hedged Equity
Portfolio
•First Trust/Dow Jones Dividend & Income
Allocation Portfolio
•LVIP American Balanced Allocation Fund
•LVIP American Growth Allocation Fund
•LVIP American Income Allocation Fund
•LVIP BlackRock Global Allocation Fund
•LVIP JPMorgan Retirement Income Fund
•LVIP SSGA Conservative Index Allocation
Fund
•LVIP SSGA Moderate Index Allocation
Fund
•LVIP SSGA Moderately Aggressive Index
Allocation Fund
•LVIP T. Rowe Price 2020 Fund
•LVIP T. Rowe Price 2030 Fund
•LVIP T. Rowe Price 2040 Fund
•LVIP T. Rowe Price 2050 Fund
•LVIP T. Rowe Price 2060 Fund
•Putnam VT George Putnam Balanced
Fund
•TOPS® Balanced ETF Portfolio
•TOPS® Moderate Growth ETF Portfolio |
•ClearBridge Variable Mid Cap Portfolio
•Fidelity® VIP Contrafund® Portfolio
•First Trust Capital Strength Portfolio
•LVIP Baron Growth Opportunities Fund
•LVIP BlackRock Real Estate Fund
•LVIP Dimensional International Core
Equity Fund
•LVIP Dimensional U.S. Core Equity 2
Fund
•LVIP Loomis Sayles Global Growth Fund
•LVIP Macquarie Mid Cap Value Fund
•LVIP Macquarie Social Awareness Fund
•LVIP MFS International Growth Fund
•LVIP MFS Value Fund
•LVIP Mondrian International Value Fund
•LVIP SSGA Emerging Markets Equity
Index 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
•Macquarie VIP Emerging Markets Series
•Macquarie VIP Small Cap Value Series
•MFS® VIT New Discovery Series
•MFS® VIT II Core Equity Portfolio |
Contents
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Contents
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M-1
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S-1
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Where:
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P = a hypothetical initial purchase payment of $1,000
|
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T = average annual total return for the period in question
|
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n = number of years
|
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ERV = ending redeemable value (as of the end of the period in question) of a hypothetical
$1,000 purchase
payment made at the beginning of the 1-year, 3-year, 5-year, or 10-year period in
question (or fractional period
thereof)
|