Lincoln Life Variable Annuity Account Q

07/28/2025 | Press release | Distributed by Public on 07/28/2025 07:29

Summary Prospectus for New Investors by Investment Company (Form 497VPI)

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Lincoln Life Variable Annuity Account Q
Multi-Fund® Group

Supplement dated July 28, 2025 to the Summary Prospectus for New Investors dated May 1, 2025

This Supplement to your summary prospectus outlines important changes that become effective on and after August 18, 2025. These changes are related to Appendix A - Funds Available Under The Contract. All other provisions outlined in your variable annuity prospectus, as supplemented, remain unchanged.

The following line item is added to Appendix A - Funds Available Under the Contract:

Investment Objective
Fund and Adviser/Sub-adviser
Current Expenses
Average Annual Total
Returns (as of 12/31/2024)
1 year
5 year
10 year
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 Structured Moderate Allocation Fund - Standard Class
advised by Lincoln Financial Investments Corporation
0.56%
9.41%
5.77%
5.60%

You can find the fund prospectus and other information about the Contract online at www.lfg.com/VAprospectus. You can also obtain information at no cost by contacting your registered representative or by sending an email request to [email protected].

Please retain this supplement for future reference.
Lincoln Life Variable Annuity Account Q published this content on July 28, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 28, 2025 at 13:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]