LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

LVIP State Street Bond Index Fund

LVIP State Street Conservative Index Allocation Fund

LVIP State Street Emerging Markets Equity Index Fund

LVIP State Street Global Tactical Allocation Managed Volatility Fund

LVIP State Street International Index Fund

LVIP State Street International Managed Volatility Fund

LVIP State Street Large Cap Managed Volatility Fund

LVIP State Street Mid-Cap Index Fund

LVIP State Street Moderate Index Allocation Fund

LVIP State Street Moderately Aggressive Index Allocation Fund

LVIP State Street Nasdaq-100 Index Fund

LVIP State Street S&P 500 Index Fund

LVIP State Street Short-Term Bond Index Fund

LVIP State Street Small-Cap Index Fund

LVIP State Street SMID Cap Managed Volatility Fund

(collectively, the “Funds”)

Supplement Dated March 17, 2026

Summary and Statutory Prospectuses dated May 1, 2025

Unless otherwise defined in this supplement, capitalized terms used in this

supplement have the meanings assigned to them in the Summary and Statutory Prospectuses

This Supplement updates certain information in the Summary and Statutory Prospectuses for the Funds listed above. You may obtain copies of the Funds’ Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866-436-8717 or at www.lincolnfinancial.com/lvip.

Effective May 1, 2026, the Funds’ Summary and Statutory Prospectuses will be revised as follows:

The Funds’ names are changed as noted. All references to the Funds’ names are revised accordingly:

 

     
Current Fund Name   New Fund Name (Effective May 1, 2026)
LVIP SSGA Bond Index Fund   LVIP State Street Bond Index Fund
LVIP SSGA Conservative Index Allocation Fund   LVIP State Street Conservative Index Allocation Fund
LVIP SSGA Emerging Markets Equity Index Fund   LVIP State Street Emerging Markets Equity Index Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund   LVIP State Street Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Index Fund   LVIP State Street International Index Fund
LVIP SSGA International Managed Volatility Fund   LVIP State Street International Managed Volatility Fund
LVIP SSGA Large Cap Managed Volatility Fund   LVIP State Street Large Cap Managed Volatility Fund
LVIP SSGA Mid-Cap Index Fund   LVIP State Street Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund   LVIP State Street Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index Allocation Fund   LVIP State Street Moderately Aggressive Index Allocation Fund
LVIP SSGA Nasdaq-100 Index Fund   LVIP State Street Nasdaq-100 Index Fund
LVIP SSGA S&P 500 Index Fund   LVIP State Street S&P 500 Index Fund

     
LVIP SSGA Short-Term Bond Index Fund   LVIP State Street Short-Term Bond Index Fund
LVIP SSGA Small-Cap Index Fund   LVIP State Street Small-Cap Index Fund
LVIP SSGA SMID Cap Managed Volatility Fund   LVIP State Street SMID Cap Managed Volatility Fund

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE