Summary Prospectus for New Investors by Investment Company - Form 497VPI

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln Life Variable Annuity Account N

Lincoln Investor Advantage^® RIA Class

Supplement dated October 25, 2024 to the

Summary Prospectus for New Investors dated May 1, 2024

This Supplement to your summary prospectus outlines important changes related to Appendix B - Investment Requirements that will be effective on and after November 18, 2024. All other provisions outlined in your variable annuity prospectus, as supplemented, remain unchanged.

The American Century Diversified Growth Model and JPMorgan U.S. Active Growth Model will be added to the list of models to which you allocate your Contract Value if you elect (or have elected) the Earnings Optimizer Death Benefit.

Please retain this Supplement for future reference.